Middle East And Africa Pharmaceutical Packaging Market -By Primary Packaging Material, Type Of Packaging, Geography And Vendors - Forecasts, Trends And Shares (2014- 2019)

LONDON, Oct. 22, 2014 /PRNewswire/ -- Middle East and Africa regions have been a small percentage of the global pharmaceutical sales but it is changing with big companies are going to open production facilities in this region.

In the Middle East with the economy growth to more than 5% in 2012 and the population also growing, there is a growing demand for medicines. Countries like UAE, Turkey and Egypt etc. have huge growth potential.

Africa's economy is booming due to the relatively stable political scenario in the region and the enormous investments by companies from around the world. In 2011, the African pharmaceutical market was worth more than $23 billion which was less than 2% of the global market but the industry is growing rapidly, driven by countries like South Africa, Nigeria and Ghana etc.

This growth in the pharmaceutical market has spurred the growth in the pharmaceutical packaging also. Packaging is the key part of the pharmaceutical market because it helps with keeping the drugs safe from contamination and damage. The CAGR is estimated to be more than 4% till 2019 of the pharmaceutical packaging market in this region.

Pharmaceutical industry is seeing an exponential growth. With changing lifestyle, more and more people being diagnosed with various diseases and with increased spending on healthcare by government of different countries world over, pharmaceutical has become a multi-billion dollar industry. Pharmaceutical manufacturers must follow stringent requirements to protect consumer safety and environmental regulations. Increasing cost pressures on pharmaceutical manufacturers is forcing them to pass on this cost on to packaging companies which has become one of the driving force of pharmaceutical packaging market. The rise in self-medication and over the counter products is also contributing to growth of this industry.

It is necessary for packaging companies to manufacture such packages which meet the objectives of keeping the product safe from environment and vice versa. Also there should be proper labelling of the products so that, it cannot counterfeited as well as a longer shelf life. Some of the pharmaceutical packaging products being used to meet above objectives are ampoule, vial, dropper bottle, labels and patient information booklet.

The concerns for Middle East area are that the region is prone to be unstable. This instability caused due to extremism and terrorism affects the companies investing in the market and also spooks the future investors. With USA providing lot of support to countries from this region these fears should be allayed. As sanctions against Iran are being lifted gradually this region will grow and prosper.

In Africa, while missing and underdeveloped supply chains remain an obstacle for rapid growth in demand for flexible packaging in the region, the opportunities for vertical growth in manufacturing and food processing are tremendous. Widely spread population with minimal densities could pose a challenge in the near term, although investments from countries like China are facilitating the creation of new economic hubs with much higher population densities and better standards of living.

Some of the major vendors are Amcor, CCL Industries, Intrapac, Rexam Plc and Schott AG.

Reasons to buy this report

1) Report gives complete market insights, the driving forces of the market, the challenges market faces, about different pharmaceutical packaging technologies and their applications

2) It gives market trends of type of pharmaceutical packaging technology and by applications

3) A complete market breakdown has been done by different countries to give a detailed picture of the market in that particular region

4) The report also gives information on major vendors of pharmaceutical packaging products, their existing share in the market, strategies they adopt along with the major products, financials, recent developments and profile of these vendors.

Who should be interested in this report?

1) Vendors who are into manufacturing of these products as they can get an overview of what competitors are doing and also which markets they can look forward to expand their operations

2) Processed food suppliers in need of better understanding of different technologies and products

3) Investors who are willing to invest in this market

4)Consultants who can have readymade analysis to guide their clients

5) Anyone who wants to know about this industry

Download the full report: https://www.reportbuyer.com/product/2404921/

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