Key Players in the Asia-Pacific Pharmaceutical Packaging market are Gerresheimer AG (Germany), Schott AG (Germany), Rexam PLC (U.K.), Datwyler Holdings Inc. (Switzerland), Aptar Pharma (Switzerland)
(PRWEB) October 29, 2014
The Asia-Pacific Pharmaceutical Packaging market report defines and segments the concerned market in Asia-Pacific with analysis and forecast of revenue.
Browse through the TOC of the Asia-Pacific Pharmaceutical Packaging market report to get an idea of the in-depth analysis provided. This also provides a glimpse of the market segmentation, and is supported by various tables and figures.
Pharmaceutical packaging is done with the objective of securing the pharmaceuticals from any kind of contamination, ensuring product safety throughout the intended shelf life of the product, and hindering microbial growth. Pharmaceutical packaging is quite different from food packaging, as it is quite broad, encompassing, multi-faceted and challenging task as it requires the application of large amounts of scientific and engineering expertise. Pharmaceutical packaging is of three types: primary, secondary, and tertiary. These are further classified into three more types: packaging type, material type, and drug delivery type.
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Countries included in the pharmaceutical packaging market are India, China, and Japan, wherein Japan is the biggest consumer in the region. There is an increasing demand from India and China that accounts for the highest population and growth in the healthcare sector. The recent trend towards social security and healthcare systems in Asia-Pacific has offered new possibilities in the pharmaceutical packaging sector.
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The Asia-Pacific region is expected to grow at a fast pace in coming years on account of increasing government initiatives, growing contract manufacturing activities and ageing population. Countries such as India, China, and Indonesia are investing hugely in healthcare sectors, and this would accelerate the growth in the pharmaceutical industry.
The report covers the Asia-Pacific pharmaceutical packaging market, which is segmented on the basis of type, application, and geography. In the Asia-Pacific region, the pharmaceutical packaging is used in drug delivery devices, pharmaceutical packaging and products sans drug delivery devices.
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North America Pharmaceutical Packaging Market
Pharmaceutical packaging plays an important role in the pharmaceutical industry for the protection of the drugs and medicine against all adverse external influences. These influences can alter the properties of the drug or medicine and cause physical damage, mechanical damage, biological contamination and degradation, and counterfeiting. The North America pharmaceutical packaging market was valued at $19,373.7 million in 2012, and is expected to reach to $24,698.4 million in 2018 at a CAGR of 4.1%. Growing requirements for brand enhancement/differentiation in an increasingly competitive environment, new packaging material development plus the increasing awareness of environmental issues, and the adoption of new regulatory requirements on packaging recycling are some of the drivers for the North American pharmaceutical packaging market.
Pharmaceutical packaging market is witnessing a rapid growth in the demand and value. Pharmaceutical packaging is rapidly evolving as a value addition and shelf life enhancer of various drugs in pharmaceutical industries. Pharmaceuticals need reliable and speedy packaging solutions that deliver a combination of product protection, quality, tamper evidence, patient comfort, and security needs.
As the pharmaceutical sector in the U.S. introduces new and advanced sophisticated therapies with specialized packaging needs, the demand for pharmaceutical packaging products will continue to increase. Canada and Mexico are the next biggest markets in North America but significantly smaller than the U.S. Within North America–which accounted a highest of close to $19.0 billion–the U.S. will remain the largest consumer of pharmaceutical packaging with a contribution of $16,811.64 million.
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