New Market Study: Pharmaceutical Packaging Market - Global Trends & Forecast to 2018

From: Fast Market Research, Inc.
Published: Wed Mar 05 2014


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 products, 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 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 pharmaceutical packaging report analyzes pharmaceutical packaging market by type of packaging and drug delivery technologies; globally & regionally. The report familiarizes the industry players with the market trends, opportunities, drivers, and challenges. This report identifies the factors driving or inhibiting the growth of each segment to support its analysis of market trends and forecasts. In addition to the market size, data trends, and forecasts; the report also highlights the key market opportunities for the stakeholders and draws a competitive landscape in which the key market developments of the top companies in the market are profiled.
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.

Full Report Details at
- http://www.fastmr.com/prod/777397_pharmaceutical_packaging_market_by_packaging_type.aspx?afid=303

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