This research report titled ‘Global Pharmaceutical Packaging Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.
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“Pharmaceutical packaging products come in two major categories, namely primary and secondary packaging. These products are made of packaging materials such as plastic, glass, cardboard, aluminum foils, lead, tin, and wood. They are available in a variety of products such as bottles, blister packs, prefillable syringes and inhalers, vials, ampules, tubes, and pouches. Rise in easy self-medication procedures and over-the-counter (OTC) drugs is driving the growth of this market,” said Sharan Raj, one of Technavio’s lead analysts for packaging research.
“Major customers of pharmaceutical packaging solutions are pharmaceutical manufacturers, though certain packaging solutions are tailor-made for points of purchase pharmacies also,” added Sharan.
Global pharmaceutical packaging market by product type 2015 (% revenue share)
|Caps and closures||14.61%|
Source: Technavio research
Top three segments of the global pharmaceutical packaging market:
- Global plastic pharmaceutical packaging market
- Electronic and smart lock
- Sensors and detectors
Largest contributing segment: global pharmaceutical packaging market by plastic bottles
The global pharmaceutical packaging market by plastic bottles was valued at over USD 12 billion in 2015. Bottles will remain the most broadly used packaging type for oral medications distributed in bulk to retail pharmacists. This segment will also continue to dominate applications in OTC medicines sold in capsule and tablet form of 50 or more.
Plastic bottles are known to keep the composition of products unaltered in changing external conditions, thus preventing contamination. These bottles are made from rigid plastic high-density polyethylene (HDPE) polymers, and are customizable based on the needs of pharmaceutical companies. These containers are made of different types of resins, and are available in various sizes, colors, and shapes. They are also made using additives composed of antioxidants, impact modifiers, lubricants, stabilizers, and plasticizers.
Second largest contributing segment: global pharmaceutical packaging market by caps and closures
The global pharmaceutical packaging market by caps and closures was valued at over USD 9 billion in 2015. Caps and closures are essential components of pharmaceutical packaging that prevent product leakages and aid in tamper-resistant packaging, complying with regulatory authorities such as the Food and Drug Administration (FDA) in the US. These components are also used in child-resistant packaging for over-the-counter drugs, which require closures that are less than 20 millimeter in diameter.
Closures are of various types such as threaded ribbed closures, smooth wall closures, dropper tip caps, orifice reducers, and roll-on closures. Owing to their low cost, vendors sell these products in minimum bulk order to pharma companies.
Global pharmaceutical packaging market by blister packs
Blister packages have two elements, forming films and lidding elements. Forming films are usually made from polyvinyl chloride (PVC), and the lidding elements are made from a laminate of paper and foils, printed foils, or in some cases plastic. These packs have certain advantages over conventional modes of packaging, such as integrity of the product, patient compliance, trace evidence in case of tampers, and low probability of misuse. Blister packaging variants also assist in increasing the shelf life of products.
This type of packaging is preferred for lowering the cost of production by almost 10%, and even 50% in cases of over-the-counter drugs. It is a highly adopted solution in Europe, accounting for packaging of more than 85% of solid drugs in the region.
Browse related reports:
- Pharmaceutical Packaging Market in North America 2015-2019
- Global Cold Chain Market for Pharmaceuticals Market 2015-2019
- Global Biopharma Cold Chain Packaging Market 2015-2019
- Blister Packaging Market in the US 2015-2019
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