Global pharmaceutical packaging market 2016–2020 — market segmentation by product type, material type & packaging type

Research and Markets has announced the addition of the "Global Pharmaceutical Packaging Market 2016–2020" report to their offering.

A major trend is the rise in demand for ampules and vials. These containers are popular owing to the high bioavailability and fast action rates of the drug, and the drug is administered in the injectable form. In addition, trends that will keep on pushing the market are integration with protective technologies, popularity of superior plastics as a raw material, and growth in contract manufacturing will further fuel the growth of the market

According to the report, increased adoption of prefillable syringes is a major driver, which is expected to propel the growth of the market during the forecast period. These syringes are gaining popularity because of the rise in chronic diseases where patients need to self-administer drugs multiple times in a week. This is fueling innovations in syringes such as multi-chambered syringes and technology to minimize leachables and extractables, thus driving the growth of global market.

Further, the report states that one of the key challenges is the fragmentation of the market. Most of the players operating in the market are micro, small, and medium-sized enterprises (MSMEs). The business models of large corporations are different from the business models of these small companies.

Plastic pharmaceutical packaging accounted for a market share of around 61% during 2015. Plastic is the most preferred packaging material as it is available in a variety of grades, has significant barrier properties, is chemically inert, and can be used to create attractive packages with esthetic appeal, which helps in the marketing and promotional activities for the drug. The grades of plastic used for packaging include PE, PP, polyolefin, PET, and PVC.

North America dominated the market during 2015, accounting for a market share of around 35%. The pharmaceutical packaging market in North America is dominated by the US, which is a highly competitive market.