Research and Markets: North American Pharmaceutical Packaging Market 2015-2019 – Increase in Outsourcing of Pharmaceutical Packaging
June 29, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/98z46c/pharmaceutical) has announced the addition of the “Pharmaceutical Packaging Market in North America 2015-2019” report to their offering.
The pharmaceutical packaging market in North America to grow at a CAGR of 5.31% over the period 2014-2019.
International regulations regarding safe drug delivery are enforced by regulatory bodies on drug manufacturers, which in turn fuels adoption of sustainable packaging. Various raw materials such as plastic resins, glass, paper and paperboard, and aluminum and other metals are used in the manufacture of pharmaceutical packaging. These packages are available in a variety of dimensions and forms.
The pharmaceutical packaging market in North America can be divided into four broad categories based on the type of product: plastic bottles, blister packs, parenteral containers, and others. It can be divided into two types based on the type of packaging: primary packaging and secondary packaging. The key customers of these products are pharmaceutical manufacturers.
The increase in outsourcing of pharmaceutical packaging is one such trend. Not only does it reduce the time for a new product to hit the market, but also enables the manufacturing firm to focus on its core competencies, reduce in-house regulatory burdens, and off-load packaging needs at peak production periods. Factors such as increased flexibility and reduced overhead costs for packaging are also supporting the increase in outsourcing of pharmaceutical packaging.
According to the report, the stringent compliance standards on pharmaceutical packaging is an important factor driving the growth of the market. FDA regulations in the US necessitate high-barrier packaging materials and sealants for drugs so that they are impermeable and solvent, grease, chemicals, and heat resistant.
Further, the report states that the risk of counterfeit products is a major challenge that curtails market growth.
Key vendors
- Amcor
- Bemis Healthcare Packaging
- MeadWestvaco
- Owens-Illinois
- West Pharmaceutical Services
Other prominent vendors
- Air Packaging Technologies
- Alexander
- American Health Packaging
- Aptargroup
- Barger Packaging
- Becton, Dickinson & Company
- Cardinal Health
- Catalent Pharma Solutions
- CCL Industries
- Clondalkin Group Holdings
- CWS Packaging
- Datwyler
- Intrapac Group
- Klockner Pentaplast Group
- Menasha Packaging
- Schott
- Winpak
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by Type
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/98z46c/pharmaceutical
View source version on businesswire.com: http://www.businesswire.com/news/home/20150629005599/en/
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Sector: Packaging, Pharmaceutical Packaging
