MRO Magazine

Research and Markets: Global Pharmaceutical Packaging Market 2016-2020 – Rapid Demand for Pre-Fillable Syringes is Primary Growth Driver


January 11, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/89xrcb/global) has announced the addition of the “Global Pharmaceutical Packaging Market 2016-2020” report to their offering.

The report predicts the global pharmaceutical packaging market to grow at a CAGR of around 6% during the forecast period.

The rapid demand for pre-fillable syringes is the primary growth driver for this market. These syringes offer several advantages such as minimization of drug waste, increasing useful product life, and convenience in drug administration and are integrated with advanced delivery systems such as pens and auto-injectors.

Glass is the most popular packaging material for these syringes with the significant demand arising from the US and Europe.

However, the growing number of counterfeit products in the market is anticipated to deter the market growth during the forecast period. According to studies by the WHO, the counterfeiting rate among prescriptions sold through suspicious websites is nearly 50%.

Stringent regulations are being implemented by governments globally, to counter these risks. For instance, in Europe, under the new Anti-Falsification Directive, as of 2017, drugs that have been prescribed by doctors will have to be provided with a particular and unique code number, a feature that will represent that the packaging of the drug is new and authentic.

Companies Mentioned:

  • Bemis Healthcare Packaging
  • Gerresheimer
  • Owens-Illinois
  • West Pharmaceutical
  • Westrock
  • Air Packaging Technologies
  • Alexander
  • American Health Packaging
  • Aptargroup
  • Barger Packaging
  • Becton
  • Dickinson & Company
  • Cardinal Health
  • Catalent Pharma Solution

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product type

PART 07: Market segmentation by type of material

PART 08: Market segmentation by packaging type

PART 09: Geographical segmentation

PART 10: Key leading countries

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape

PART 17: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/89xrcb/global

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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