DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Pharmaceutical Packaging Market by Product Type (Plastic Bottle, Parenteral Container, Blister Packaging, Specialty Bags, Closures, Labels, and Others)" report to their offering.
The pharmaceutical packaging market was valued at $68,749 million in 2015, and is expected to reach $104,882 million by 2022, growing at a CAGR of 6.3% from 2016 to 2022, according to a new report published by Allied Market Research. In 2015, plastic bottles and parenteral containers together occupied two-fifths of the total market share.
Expansion of generic market, technological advancement, and strict governmental regulations for conventional packaging are major factors that drive the market growth. In addition, various technologies, such as RFIDs, temper-evident packs, holograms, labels, and special inks, are used to combat counterfeit medicines. Investments and innovations in R&D activities propel the market players to initiate manufacturing projects in eco-friendly and biodegradable packaging, which is expected to surge in near future. In addition, patent expiration of various medicated drugs is expected to fuel the pharmaceutical packaging market during the forecast period.
Plastic bottles and parenteral containers are expected to grow at a CAGR of 4.84% and 8.45%, respectively, during the forecast period. This is because packaging companies are constantly focusing on eco-friendly packaging materials, techniques, and technologies to overcome the increasing environmental concerns.
- Amcor Ltd
- Becton Dickinson and Company
- Berry Plastics Corporation
- Gerresheimer AG
- Graphic Packaging Group
- MeadWestvaco Corporation
- Owen-Illinois Inc.
- RPC Group
- Schott Pharmaceutical Packaging
- West Pharmaceutical Services Inc
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD PHARMACEUTICAL PACKAGING MARKET, BY PRODUCT TYPE
CHAPTER 5 WORLD PHARMACEUTICAL PACKAGING MARKET BY GEOGRAPHY
CHAPTER 6 COMPANY PROFILES
For more information about this report visit http://www.researchandmarkets.com/research/dm9p32/pharmaceutical.