Worldwide Pharmaceutical Packaging Market by 2020 Analyzed in New Report

Global Pharmaceutical Packaging Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 77 pages and provides 46 Exhibits; the report is published in Dec -2015.

The research analyst 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.

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Packaging material segmentation and analysis of the pharmaceutical packaging market

Glass pharmaceutical packaging

Paper and paperboard pharmaceutical packaging

Plastic pharmaceutical packaging

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...