Pharmaceutical Packaging Market Growth 2019-2029 Research Innovations, Drivers aPosted by ankush Nikam on July 15th, 2019 Global pharmaceutical packaging demand surpassed the revenues worth US$ 75 Bn in 2018. According to a new research intelligence outlook of Future Market Insights (FMI), the pharmaceutical packaging market is set to demonstrate healthy Y-o-Y growth in 2019, by more than 5%. Bottles, with the current share of over a third of the market value, are envisaged to remain highly sought after as a type of packaging for pharmaceutical products. The report also highlights that packer bottles continue to represent higher popularity over liquid bottles. Furthermore, blisters and vials & ampoules will remain the next most preferred types of pharmaceutical packaging, particularly driven by HDPE and LDPE. Emerging Economies Hold the Hotbed of Opportunities While the relatively lesser penetration of cutting-edge technology enabled healthcare services and still-to-improve delivery healthcare infrastructure have been limiting the growth of market in developing Asian countries, it is highly likely that the same will attract several investments in the near future. China, India, and other fast-developing economies across APEJ have reflected significant progress in the healthcare and medical infrastructure, over the past two decades. Download Table of Contents@ https://www.futuremarketinsights.com/reports/pharmaceutical-packaging-market#report-toc The Chinese government has heavily invested in the construction of hospitals, clinics, and centers. The report opines that this scenario will create multiple growth opportunities for pharmaceutical packaging manufacturers during the course of coming years. New Product Launches in Line with Surge in Sustainability Demand Packaging manufacturers operating in the pharmaceutical packaging market will remain focused on the supply chain distribution, for better capturing the newly emerging market opportunities. Defined strategies such as outsourcing supply chain to third-party distributors are likely to emerge as the top developmental plan of companies for identification of existing loopholes and the efficient transport routes. Several packaging companies are also investing in long-term partnerships/contracts with distributors and sterilization service providers to generate higher sales volume and thereby increase market share in the pharmaceutical packaging industry.
Key players profiled in the report titled pharmaceutical packaging market include – Amcor Limited, Schott AG, Gerresheimer AG, Berry Global, Inc., Klockner Pentaplast Group, Becton, Dickinson and Company, Catalent, Inc., Parekhplast India Ltd., Ardagh Group S.A., West Pharmaceutical Services, Inc., Uflex Ltd., ACG Pharmapack Pvt. Ltd., Bilcare Limited, Wipak Group, Mondi Group Plc, Sealed Air Corporation, Constantia Flexibles Group GmbH, Clondalkin Group Holdings B.V., Westrock Company, Piramal Glass Limited, and Bemis Company, Inc. Like it? Share it!More by this author |