DUBLIN--(BUSINESS WIRE)--The "Global Pharmaceutical Contract Packaging Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The pharmaceutical contract packaging market will register a CAGR of over 17% by 2023.
Growing demand for sustainable packaging to drive market growth
The growing environmental concerns are increasing the demand for sustainable packaging solutions among the pharmaceutical manufacturers. Plastic films and plastic materials are mostly derived from petroleum feedstock. Their adverse effects on the environment have encouraged the vendors to provide eco-friendly packaging to their consumers.
Rising R&D spending in pharmaceutical industry
Many pharmaceutical companies are investing in R&D to be successful in their businesses for long term. The high R&D spending by the pharmaceutical manufacturers are expected to bring more pharmaceutical products in the market. This has increased the demand for pharmaceutical contract packaging.
By adopting contract packaging, the pharmaceutical manufacturers can reduce their capital expenditure and operating cost associated with the purchase of packaging machineries, space for setting up packaging units, and labor cost for the same.
High cost of anti-counterfeit packaging technology
The risk of counterfeit is higher in the supply chain of pharmaceutical products. The counterfeit of pharmaceutical products can be a threat to consumers' lives. It can also financially impact pharmaceutical vendors and contract packaging vendors. In addition, the after-effects of counterfeit drugs can adversely impact the reputation of the brand.
Competitive Landscape
The market appears to be fragmented, and with the presence of several companies including FedEx and Sharp, the competitive environment is quite intense.
Key Players
- CCL Industries
- Co-Pak
- FedEx
- Sharp
- TricorBraun
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PACKAGING
- Comparison by packaging
- Plastic bottles - Market size and forecast 2018-2023
- Blister packs - Market size and forecast 2018-2023
- Pouches - Market size and forecast 2018-2023
- Parenteral containers - Market size and forecast 2018-2023
- Pre-filled syringes - Market size and forecast 2018-2023
- Market opportunity by packaging
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Opportunities due to patent expiration of drugs
- Vendors adopting different growth strategies
- Growing demand for sustainable packaging
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- CCL Industries
- Co-Pak
- FedEx
- Sharp
- TricorBraun
For more information about this report visit https://www.researchandmarkets.com/research/rtb64b/worldwide?w=4
