Bio Pharma Cold Chain Packaging Market – Technavio Publishes Global Trends & Forecast
By Business Wire News
By Business Wire News
Technavio has published a new report on the global bio pharma cold chain packaging market,which is expected to grow at a CAGR of more than 4% from 2015-2019.
Bio pharma cold chain packaging market segmentation including material type and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types of material, including glass packaging, plastic packaging, and metal packaging.
Additionally, analysts have segmented market projections by key geography, focusing on the Americas, the APAC, and the EMEA region.
“Currently, there has been a significant increase in the outsourcing of biopharmaceutical packaging operation as outsourcing the production operations helps packaging companies to reduce the time required for a drug to enter the market. This also allows biopharmaceutical vendors to focus on their core competencies and reduces in-house regulatory operations,” says Faisal Ghaus, Vice President of Technavio.
Bio pharma cold chain packaging: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global bio pharma cold chain packaging market from 2015-2019. To calculate the market size, this report considers revenue generated by vendors in the market.
Industry analysis includes:
- Key Vendors:
- Clondalkin Group
- Market Growth Drivers:
- Strict regulations on biopharma product packaging
- Increased demand for single-use disposable products
- Market Challenges:
- Inefficient product-labeling process
- Influx of counterfeits
- Market Trends:
- Increased outsourcing of biopharmaceutical packaging operations
- Increased R&D activities
View the global bio pharma cold chain packaging market report.
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