Global Pharmaceutical Packaging (Equipment) Industry By Packing Types & Products
DALLAS, July 14, 2014 /PRNewswire-iReach/ -- ReportsnReports.com adds "Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018" and "Pharmaceutical Packaging Market by Packaging Type (Plastic bottles, Blister packs, Caps & Closures, Ampoules, Vials and Others) Raw Material (Plastics, Paper & Paperboard, Glass, Aluminum foils), and Drug Delivery Type – Global Trends & Forecast to 2018" reports to its store.
The pharmaceutical packaging equipment market has a high-growth potential owing to a majority of the drugs going off-patent in the forecast period and resultant genericization.. However, factors such as the increasing cost of raw materials, the increasingly competitive environment, the use of refurbished packaging equipment for cost-cutting activities that are preferred among smaller pharmaceutical manufacturers in the emerging markets across APAC and the Latin American region may represent a significant challenge for the market growth during the forecast period of 2013 to 2018.
Besides the structural market drivers, there are strong geographic drivers for the growth of the pharmaceutical packaging equipment market. The economic situation and cost-containment issues have diverted the attention of pharmaceutical packaging equipment manufacturers from the North American and European regions to the emerging markets such as India, China, and Brazil. Major companies are establishing their subsidiaries in these regions and are investing in building stronger footholds in these countries. The Asia-Pacific region forms one of the most promising pharmaceutical packaging equipment markets in the world. Developing countries such as India and China have a relatively high CAGR rate and are expected to see a significant market growth due to low labor costs and the rising demand for health care. A growing trend towards outsourcing of manufacturing activities in the pharmaceutical industry has also led to a surge in the number of FDA-approved manufacturing sites in low-cost manufacturing locations across India, China, and Brazil. Furthermore, growth in offshoring of pharmaceutical manufacturing is also expected to drive the market for pharmaceutical packaging equipment in these countries. Browse complete report at http://www.reportsnreports.com/reports/274768-pharmaceutical-packaging-equipment-market-by-package-type-blister-strip-bottle-tube-aseptic-packaging-wrapping-labeling-serialization-by-product-type-tablet-powder-cream-syrup-aseptic-liquid-aerosol-global-forecast-to-2018.html.
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Pharmaceutical Packaging Equipment Market, by Package Type:
Primary Packaging includes Blister Packaging, Strip Packaging, Sachet Packaging, Bottles Filling and Capping, Counting, Soft Tube Filling and Sealing, Aseptic Filling and Sealing and Other Primary Packaging
Secondary Packaging: Cartoning, Tray Packing, Wrapping, Case Packing, Other Secondary Packaging
Labeling and Serialization
Pharmaceutical Packaging Equipment Market, by Product Type: Solids, Tablets, Capsules, Granules, Powder, Other Solids.
Semi-solids: Creams, Ointments, Suppository, Other Semi-solids
Liquids: Eye/Ear Drop, Aerosol, Syrup, Aseptic Liquid, Other Liquids
Pharmaceutical Packaging Equipment Market, by Geography:
North America (U.S., Canada)
Europe (Germany, Italy, U.K., France, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, Rest of APAC)
RoW (Middle East & Africa, Latin America)
Pharmaceutical Packaging Market by Packaging Type (Plastic bottles, Blister packs, Caps & Closures, Ampoules, Vials and Others) Raw Material (Plastics, Paper & Paperboard, Glass, Aluminum foils), and Drug Delivery Type – Global Trends & Forecast to 2018 Report says Packaging is one of the largest industry sectors in the world, worth several billions. Pharmaceutical packaging represents a meager percentage of this colossal market. The global pharmaceutical industry has seen a shift in paradigm and has now moved towards efficient and advanced packaging. About a decade ago, packaging was considered as a last thought, which was needed to be considered in the final stages of manufacturing for many pharmaceutical companies. But recently, packaging has quickly become an essential part of the pharmaceutical product, drug delivery system as well as a core element of the marketing mix, through which manufacturers can differentiate their products from those of their competitors. Packaging has been helping the drug manufacturers to meet many challenges in the value chain of pharmaceuticals business. The demand for pharmaceutical packaging is increasing and will continue to increase as the companies utilize packaging and labeling more like a medium to protect and promote their products, increase patient compliance, and meet new regulations.
The global pharmaceutical packaging market is expected to grow at a CAGR of 6.7% from 2013 to 2018 to reach a value of $78.79 billion. The packaging market by drug delivery type is growing at a CAGR of 9.1% and constitutes a significant part of the overall pharmaceutical packaging market. The market is expected to be pushed by off-patenting of drugs, expanding generics market, and rapidly growing drug delivery market. Due to increasing generic and contract manufacturing activities in Asia-Pacific, especially in India and China, the emerging geographies are expected to register maximum growth.
Advances in biotechnology often lead to the introduction of new therapies that must be injected; the pharmaceutical packaging market is expected to witness the fastest growth from pre-fillable syringes and parenteral vials. Availability of raw materials and price volatility coupled with changing health regulations are the major deterrents that are curbing the growth of this market. The fastest growth in the pharma packaging market is expected to come from pre-fillable syringes, labels and accessories, blister packs, temperature controlled medicines packaging, and few niche products, which will continue to expand in the coming years. Mergers and acquisitions in the recent past have indicated that the industry is on its way to consolidate global and global packaging suppliers are strengthening their presence in emerging markets.
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