DUBLIN, August 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Parenteral Products Packaging Market 2016-2020" report to their offering.
The global parenteral products packaging market is forecast to grow at a CAGR of 9.70% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of the key trends for market growth will be the growing demand for tamper-evident closures. Tamper-evident closures help prevent leakage, and they protect the parenteral products from breakage and consequent contamination. These closures have a Luer connection or Luer lock connection with a plastic closure end. The cap is connected to the vial by a frangible web.
The cap and frangible web are fixed together in one piece and connected at the end of the vial by welding during plastic injection molding. Demand will also benefit from the increase in the use of plastic packaging material as the plastic containers have plastic caps and closures. In addition, high packaging requirements for pharmaceutical products including parenteral products will require closures, which have features such as, tamper-evidence and ease of- dispensing features.
According to the report, increase in demand for prefilled syringes will be a key driver for market growth. Safety features and ease of use make the prefilled syringe a preferred option among retail consumers. The prefilled syringes market accounted for $3.5 billion in 2015 and is expected to grow at a CAGR of 14% during the forecast period. This is fueling innovations such as multi-chambered syringes, which reduce the level of leachable and extractable. These syringes offer several advantages like increasing useful product life, minimization of drug waste, and convenience in drug administration.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Gerresheimer AG
- Clondalkin Group Holdings
- CCL Industries
- Datwyler Holding
- Global Closure Systems
- Intrapac International
- Graham Packaging
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/4j2lnf/global_parenteral
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets