Key Players: Amcor, Becton Dickinson, Aptar Pharma, Gerresheimer AG, MeadWestvaco, West Pharmaceutical Services, Inc., Rexam PLC, and Schott AG.
(PRWEB) August 31, 2014
The report, “Pharmaceutical Packaging Market by Packaging Type (Plastic bottles, Blister packs, Caps & Closures, Ampoules, Vials and Others) Raw Material (Plastics, Paper & Paperboard, Glass, Aluminum foils), and Drug Delivery Type - Global Trends & Forecast to 2018,” defines and segments the global pharmaceutical packaging market with an analysis and forecast for packaging types, drug delivery types, by value and raw materials by volume as well value. The report also estimates the packaging market for veterinary vaccines globally by type of vaccines.
Browse 114 market data tables and 96 figures spread through 424 pages and in-depth TOC on “Pharmaceutical Packaging Market:”
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The global pharmaceutical packaging industry is a rapidly evolving market. The current scenario in the global pharmaceutical packaging market is dominated by a number of major players that include Amcor Ltd. (Australia), Rexam PLC (U.K.), Gerresheimer AG (Germany), MeadWestvaco Corporation (U.S.), Schott AG (Germany) and so on. Most of these companies are leaders in the production of plastic and glass pharmaceutical packaging along with other products. These companies are focused on investment to establish new production facilities and capacity expansion of pharmaceutical packaging to achieve economies of scale, product innovation, and expansion in order to capture and improve market share.
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Market players are concentrating on increasing their production capacities, with expectation of a surge in pharmaceutical packaging demand from pharmaceutical industry, especially from Asia and South America. Companies are focusing their investments to set up new facilities mainly in BRIC countries (i.e., Brazil, Russia, India, and China) and increasing global presence through acquisition of the local regional players to address the growing demand in emerging markets.
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In the recent past, expansions have dominated the strategies adopted by pharmaceutical packaging players globally. The major market players have invested large amounts in emerging countries to enter and enhance their market position through capacity expansion and new plant establishment. For instance, Klockner Pentaplast Group (Germany) under its expansion growth strategy has invested approximately $60.0 million (€45.6 million) at Cotia, Brazil and Suzhou, China.
The market leaders have adopted different strategies for the developed and developing countries. In developed countries, the demand for advanced drug delivery systems such as prefilled syringes continues to grow further; whereas in developing countries, the traditional drug delivery systems such as blister packs and bottles has shown positive response. The strategy of the market players is focused on developing technology, expanding production capacities, and acquisition of local players in new geographies through investment. However, there are different challenges associated with each of these markets.
While most of these markets are the countries with diversified cultures, languages, and lifestyles, these are also battling with adversities such as poverty in certain regions, lack of proper infrastructure, low literacy rate, and unorganized healthcare systems. This is a major challenge for the pharmaceutical industry as there cannot be a single solution to fit all while approaching this emerging business.
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