BANGALORE, August 5, 2015 /PRNewswire/ --
Mordor Intelligence releases their report on the Global Ampoules and Blister Packaging Market segmented by Packaging Type for Ampoules (Glass, Plastic) - Packaging Type for Blister (PP, PET, PVC) - By Geographical Region (North America, Europe, APAC, Middle East & Africa) - Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2015-2020).
The Global Ampoules and Blister Packaging Market was valued at $10.30 billion in 2014 and is estimated to reach $14.81 billion by 2020 at a projected Compounded Annual Growth Rate (CAGR) of 6.24%, during the forecasted period 2015-2020. Pharmaceutical packaging industry, particularly Blister packs and Glass ampoule packaging is a highly fragmented market, with many players in the industry catering to the varied requirements of the pharmaceutical companies. As a result, companies are focusing on adopting new technologies to provide differentiation in the products, thus increasing their market share. Forming film accounts to 80-85% of the blister packaging while lidding materials account for the remaining portion. Glass Ampoules and Vials which holds just 4% of the total Glass Bottles/Containers Market (in 2014) is widely used for packaging Pharmaceutical products.
It was estimated that in 2014, 85% of solid dose drugs were packaged using blisters in Europe; while this value was 20% in the US. However, the North American market is witnessing a shift in usage of pharmaceutical packaging. This shift in blister packaging is expected to make it the highest growing packaging material for Pharmaceutical products. Asia Pacific and Latin America regions are the fastest growing regions for Glass Ampoules packaging market due to increase in expendable income in these countries.
The major segmentation in the report includes the market estimates by type of ampoules packaging such as Glass and Plastic, type of Blister Packaging such as Polypropylene (PP), Polyethylene terephthalate (PET), Poly Vinyl Chloride (PVC).The report provides an in-depth analysis of the Ampoules and Blister Packaging market across different Geographical regions namely North America, Europe, Asia Pacific, Middle East and Africa along with further country-wise segmentation.
The Ampoules and Blister Packaging market report includes competitive vendor landscape while considering major companies such as Amcor, Bemis, Berry Plastics, DuPont, MWV, Albea, Mitsubishi Chemical Holdings, Chesapeake, Technipaq, Steripack and Others.
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SOURCE Mordor Intelligence LLP