Pharmaceutical Contract Packaging market research report likewise gives the information of the considerable number of drivers and restrictions which are inferred through SWOT investigation. Numerous other strategies have also been utilized to develop the most astounding Pharmaceutical Contract Packaging market report. It ponders complete assessment of the market development expectations and limitations as for Materials & Packaging industry. Market examination appraises the normal ascent, development or decline of the product in the particular estimate time frame. This report conveys comprehensive examination of the market structure alongside gauge of the assorted fragments and sub-portions of the market.
Global Pharmaceutical Contract Packaging Market is set to witness a healthy CAGR of 13.47% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for pharmaceutical drugs and technological advancement in packaging are the factor for the growth of this market.
Pharmaceutical contract packaging relates to outsourcing to third party suppliers of packaging operations. In this the pharma companies seeks services from the other companies for the packaging of their drugs. This helps them to save time and expenses. Some of the common types of these packaging are plastic containers, glass containers, flexible packaging, caps, closures and others. They can used for the packaging of different drugs.
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- Increasing demand for sustainable packaging will drive the market growth
- Growing number of new medicines in the market will also accelerate the demand for this market
- Rising geriatric population will also enhance the market growth
- Strict protocols associated with the packaging will also drive the market growth
Segmentation: Global Pharmaceutical Contract Packaging Market
- Flexible Packaging
- Plastic Containers
- Glass Containers
By Drug Type
- Autacoids & Related Drugs
- Cardiovascular Medicines
- Cancer Therapies
- Hormone Replacement
By Drug Form
- Plastic Bottles
- Blister Packs
- Parenteral Containers
- Pre- Filled Syringes
- Small Molecule
- Non- Sterile
- North America
- South America
- Middle East and Africa
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Key Developments in the Market:
- In July 2019, Probiotec announced the acquisition of ABS. Following the takeover of South Pack Laboratories (SPL) in 2017, the company is planning to increase their footprint in the pharmaceutical industry and assumed that the combination of the important strength of Probiotec in contract manufacturing will be beneficial for all the company
- In March 2018, PCI Pharma announced the acquisition of Pharmaceutical Packaging Professionals. This acquisition is done so that PCI can provide outsourcing services to their customers. This acquisition will help company support their customer throughout the drug development lifecycle
Global pharmaceutical contract packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical contract packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global pharmaceutical contract packaging market are Berlin Packaging, CCL Industries, Co-Pak, Signode India, ROPACK INC, Reelvision, PCI Pharma Services, Multi-Pack Solutions LLC, Unicep, Sharp, Reed-Lane, Aphena Pharma Solutions, Southwest Packaging., Catalent, Inc, AbbVie Inc., Pfizer Inc., Daito Pharmaceutical Co.,Ltd., NIPRO, Cradel Pharmaceuticals Pvt. Ltd., Gerresheimer AG and others.
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