Global Pharmaceutical Packaging Market - North America and Europe Expected to Lead Business Articles | July 2 Sheldrick Redwine Jersey , 2015
The Global Pharmaceutical packaging market is estimated to grow from $57.9 billion in 2014 to $86.7 billion by the end of 2019 at a CAGR of 8.38%...
The Global Pharmaceutical packaging market is estimated to grow from $57.9 billion in 2014 to $86.7 billion by the end of 2019 at a CAGR of 8.38%. North America and Europe lead the market followed by the Asia Pacific market.?
Pharmaceutical industry is seeing an exponential growth. With changing lifestyle, more and more people are being diagnosed with various diseases. 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 a driving force of pharmaceutical packaging market. The rise in self-medication and over the counter products is also contributing to growth of this industry.?
The Pharmaceutical Packaging market is evolving; the introduction of innovative techniques like Blow Fill Seal Technology and the increasing need for Anti Counterfeiting Technologies are changing the market drastically. The increasing Globalization has resulted in the setting up of manufacturing plants all across the world thereby changing the raw materials used and lengthening the supply chains.?
The world revenue for pharmaceutical anti-counterfeiting technologies will cross a billion dollars in 2014. The threat of counterfeiting is much more intense in the North American region where innovative drugs are produced with significant investment. Companies cannot afford to lose revenue from lost and faked products. The significant investment is a boost to the packaging industry as the major Anti - Counterfeiting measures like Tamper evident packaging systems such as film wrappers, shrink seals and bands Sione Takitaki Jersey , breakable caps, sealed tubes are the basic first level defences against counterfeiting??
It is necessary for packaging companies to manufacture packages which keep the product safe from environment and vice versa. Also there should be proper labelling of the products so that, it cannot be counterfeited and it should have a longer shelf life. Some of the pharmaceutical packaging products being used to meet above objectives are ampoule, vial Greedy Williams Jersey , dropper bottle, labels and patient information booklet.?
The report provides a comprehensive analysis of the market segmented on the basis of packaging material used and the end user industry. The various products used in pharmaceutical packaging are explained along with their market shares and forecasts. Detailed estimates for the next five years are included along with the analysis of the major players and their strategies. Some of the major vendors are Amcor, CCL Industries, Intrapac David Njoku Jersey , 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 packagingtechnologies 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 geographies along with the country level segmentation 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 Myles Garrett Jersey , their existing share in the market, strategies they adopt along with the major products, financials, recent developments and profile of these vendors.
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