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Worldwide Pharmaceutical Contract Packaging Market Outlook to 2023 - Dominated by CCL Industries, Co-Pak, FedEx, Sharp, and TricorBraun - ResearchAndMarkets.com

February 7, 2019

DUBLIN--(BUSINESS WIRE)--Feb 7, 2019--The “Global Pharmaceutical Contract Packaging Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The pharmaceutical contract packaging market will register a CAGR of over 17% by 2023.

Growing demand for sustainable packaging to drive market growth

The growing environmental concerns are increasing the demand for sustainable packaging solutions among the pharmaceutical manufacturers. Plastic films and plastic materials are mostly derived from petroleum feedstock. Their adverse effects on the environment have encouraged the vendors to provide eco-friendly packaging to their consumers.

Rising R&D spending in pharmaceutical industry

Many pharmaceutical companies are investing in R&D to be successful in their businesses for long term. The high R&D spending by the pharmaceutical manufacturers are expected to bring more pharmaceutical products in the market. This has increased the demand for pharmaceutical contract packaging.

By adopting contract packaging, the pharmaceutical manufacturers can reduce their capital expenditure and operating cost associated with the purchase of packaging machineries, space for setting up packaging units, and labor cost for the same.

High cost of anti-counterfeit packaging technology

The risk of counterfeit is higher in the supply chain of pharmaceutical products. The counterfeit of pharmaceutical products can be a threat to consumers’ lives. It can also financially impact pharmaceutical vendors and contract packaging vendors. In addition, the after-effects of counterfeit drugs can adversely impact the reputation of the brand.

Competitive Landscape

The market appears to be fragmented, and with the presence of several companies including FedEx and Sharp, the competitive environment is quite intense.

Key Players

CCL Industries Co-Pak FedEx Sharp TricorBraun

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY PACKAGING

Comparison by packaging Plastic bottles - Market size and forecast 2018-2023 Blister packs - Market size and forecast 2018-2023 Pouches - Market size and forecast 2018-2023 Parenteral containers - Market size and forecast 2018-2023 Pre-filled syringes - Market size and forecast 2018-2023 Market opportunity by packaging

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic comparison North America - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

Opportunities due to patent expiration of drugs Vendors adopting different growth strategies Growing demand for sustainable packaging

PART 12: VENDOR LANDSCAPE

Overview Landscape disruption

PART 13: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors CCL Industries Co-Pak FedEx Sharp TricorBraun

For more information about this report visit https://www.researchandmarkets.com/research/rtb64b/worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005500/en/

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Related Topics:Pharmaceutical Packaging

KEYWORD:

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL OTHER HEALTH MANUFACTURING PACKAGING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/07/2019 08:55 AM/DISC: 02/07/2019 08:55 AM

http://www.businesswire.com/news/home/20190207005500/en

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