Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Parenteral Packaging Market – Insights

Parenteral packaging is the process of packaging drugs or other fluids to keep their potency and therapeutic effectiveness intact till the drug is administered. Parenteral packaging is required to protect drugs from contamination and from the aseptic administration to the patient. On the basis of materials, the parenteral packaging market is segmented into plastic & polymer and glass segments. The pharmaceuticals sector has witnessed significant technological advancements in the recent past. As a result, recent advancement in routes of drug administration are shaping the market demand for parenteral packaging.

The global parenteral packaging market is estimated to be valued at US$ 10,759.0 million in 2019 and is expected to witness a robust CAGR of 11.1% during the forecast period (2019 – 2027)

Figure 1. Global Parenteral packaging Market Share (%), by Product Type, (2019 & 2027)

Parenteral Packaging  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Material used in parenteral packaging is the primary packaging material which is in direct contact with the drug. Packaging is intended to protect the product from the external environment, as contamination can impact the stability of the drug and affect health of patients, or may lead to serious complications.

There has been an increase in demand for parenteral packaging, in order to enhance protection of drugs, which is expected to propel the global parenteral packaging market growth. Parenteral packaging plays an important role in retaining the quality of the formulation. Moreover, increasing technological advancements in parenteral manufacturing and packaging are expected to drive the global parenteral packaging market growth. Factors such as the growing trend of using prefilled syringes and cartridges, ready-to-use containers, more efficient filling/closing operations and other material made of glass and plastic for injectables has lowered the risk of contamination of parenteral products.

Also, major players are focusing on offering a wide range of packaging materials for parenteral drugs. For instance, Gerresheimer AG, a global supplier in healthcare, a pharmaceutical company, offers a range of parenteral packaging products including bottles, vials and syringes made of plastic and glass.

Global Parenteral packaging Market – Regional Analysis

On the basis of region, the global parenteral packaging market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America holds a major market share, followed by Europe, in the global parenteral packaging market. This is mainly due to rise in prevalence of cancer, which is projected to favor the growth of the parenteral packaging market. According to the American Cancer Society (ACS) 2019, in  the U.S. an estimated 870,970 males and 891,480 females of all ages suffered from four major types of cancer such as lungs and bronchus, colon and rectum, breast, and prostate.

Also, Asia Pacific is expected to witness significant growth in the parenteral packaging market due to the continually increasing aging population and lifestyle changes which have led to an increase in the prevalence of chronic diseases such as diabetes. According to International Diabetes Federation 2017, around 425 million people have diabetes in the world, and the number is expected to increase to 151 million. Moreover, among 425 million diabetes cases, around 72,946,400 cases of diabetes are reported in India.

Figure 2: Global Parenteral Packaging Market Share (%), By Region, (2019 & 2027)

Parenteral Packaging  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Restraints

Factors such as limited availability of raw materials and instability in price of raw materials is estimated to hamper the growth of the parenteral packaging market. Moreover, the complex registration process of packaging is expected to be a restraint in the global parenteral packaging market growth.

Key players

Key players operating in the parenteral packaging market include Gerresheimer AG, Schott AG, Unilife Corporation Inc, Becton Dickinson and Company, Ypsomed Holding AG, West Pharmaceutical Services, Inc., SiO2 Medical Products, Terumo Corporation, Ompi Stevanato Group, Berry Plastics Corporation, MeadWestvaco Corporation, Owens-Illinois, RPC Group, and Graphic Packaging Group.

Parenteral packaging is the process of packaging injectables or parenteral solutions to keep their therapeutic effectiveness intact till the point of administration. Parental packaging is required to protect the drugs from contamination and to ensure aseptic administration to the patient. On the basis of material type, the parenteral packaging market is segmented into plastic & polymer and glass, and others. Plastic and polymer packaging material is more durable then glass used for parenteral packaging. Eco-friendly materials such as bio-plastics made from plants, sugar bagasse, forest wood, recycled plastic and palm leaf are also used for parenteral packaging. The pharmaceuticals industry has witnessed significant technological advancements such as introduction of prefilled syringes, and advanced polymers over the past few years. Moreover, recent advancements in the routes of drug administration are driving the demand for parenteral packaging.

Market Dynamics

Implementation of stringent regulations and standards for using pharmaceutical grade materials including glass and plastic in parenteral packaging by regulatory bodies is expected to favor the growth of global parenteral packaging market. For instance, the World Health Organization (WHO) has designed guidelines on packaging of pharmaceutical products which need to be followed by pharmaceutical organizations.

Increase in aging population, and rising incidence of lifestyle diseases such as diabetes and hypertension has led to an increase in utilization of parenteral drugs in both developed and emerging economies. As per U.S. Census Bureau, in the U.S., the aging population was estimated to be around 50,683,620 in 2016 and is expected reach 71,453,471 by 2030.  

Increase prevalence of Alzheimer’s disease (AD) and aging population around the globe is expected to favor the growth of the parenteral packaging market. According to the World Health Organization (WHO), the AD cases worldwide were around 47 million, and will reach around 75 million by 2030. The number of cases is expected to triple by 2050 due to the high prevalence rate and lack of healthcare services in rural areas.

Key features of the study:

  • This report provides in-depth analysis of the global parenteral packaging market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2019–2027)
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the parenteral packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies and future plans
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launch, market expansion, and marketing tactics
  • The parenteral packaging market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical device companies, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the parenteral packaging market

Detailed Segmentation:

  • Global Parenteral Packaging Market, By Packaging Type:
    • Bags and bottles
    • Ampoules
    • Vials
    • Prefilled syringes & cartridges
    • Ready-to-mix-systems
  • Global Parenteral Packaging Market, By Material Type:
    • Glass
    • Plastic and polymer
    • Poly Vinyl Chloride (PVC)
    • Polyolefin
  • Global Parenteral Packaging Market, By Region:
    • North America
      • By Packaging Type:
        • Bags and bottles
        • Ampoules
        • Vials
        • Prefilled syringes & cartridges
        • Ready-to-mix-systems
      • By Material Type:
        • Glass
        • Plastic and polymer
        • Poly Vinyl Chloride (PVC)
        • Polyolefin
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Packaging Type:
        • Bags and bottles
        • Ampoules
        • Vials
        • Prefilled syringes & cartridges
        • Ready-to-mix-systems
      • By Material Type:
        • Glass
        • Plastic and polymer
        • Poly Vinyl Chloride (PVC)
        • Polyolefin
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Spain
        • Rest of Europe
    • Asia Pacific
      • By Packaging Type:
        • Bags and bottles
        • Ampoules
        • Vials
        • Prefilled syringes & cartridges
        • Ready-to-mix-systems
      • By Material Type:
        • Glass
        • Plastic and polymer
        • Poly Vinyl Chloride (PVC)
        • Polyolefin
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Packaging Type:
        • Bags and bottles
        • Ampoules
        • Vials
        • Prefilled syringes & cartridges
        • Ready-to-mix-systems
      • By Material Type:
        • Glass
        • Plastic and polymer
        • Poly Vinyl Chloride (PVC)
        • Polyolefin
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Packaging Type:
        • Bags and bottles
        • Ampoules
        • Vials
        • Prefilled syringes & cartridges
        • Ready-to-mix-systems
      • By Material Type:
        • Glass
        • Plastic and polymer
        • Poly Vinyl Chloride (PVC)
        • Polyolefin
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Packaging Type:
        • Bags and bottles
        • Ampoules
        • Vials
        • Prefilled syringes & cartridges
        • Ready-to-mix-systems
      • By Material Type:
        • Glass
        • Plastic and polymer
        • Poly Vinyl Chloride (PVC)
        • Polyolefin
      • By Country:
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Gerresheimer AG*
      • Company Overview
      • Product Portfolio
      • Market Presence
      • Financial Overview
      • Key Developments
      • Strategies
    • Schott AG
    • Becton, Dickinson and Company
    • Unilife Corporation, Inc.
    • Ypsomed Holding AG
    • West Pharmaceutical Services, Inc.
    • SiO2 Medical Products Inc.
    • TERUMO CORPORATION
    • Ompi Stevanato Group
    • Stevanato Group and Nipro Corporation
    • Berry Plastics Corporation
    • MeadWestvaco Corporation
    • Owens-Illinois
    • RPC Group
    • Graphic Packaging Group

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Packaging Type
      • Market Snippet, By Material Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New Product Approvals/Launch
    • PEST Analysis
    • PORTER’s Analysis
  4. Global Parenteral Packaging Market, By Packaging Type, 2016–2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Bags and Bottles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Ampoules
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Vials
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Prefilled Syringes & Cartridges
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Ready-to-Mix-systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
  5. Global Parenteral Packaging Market, By Material Type, 2016–2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Glass
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Plastic and Polymer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Poly Vinyl Chloride (PVC)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
    • Polyolefin
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million )
  6. Global Parenteral Packaging Market, By Region, 2016–2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Packaging Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Material Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Packaging Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Material Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Packaging Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Material Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Latin America
      • Market Size and Forecast, By Packaging Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Material Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast, By Packaging Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Material Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Packaging Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Material Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Gerresheimer AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Schott AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Becton Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Unilife Corporation, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Ypsomed Holding AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • West Pharmaceutical Services, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • SiO2 Medical Products Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Ompi Stevanato Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Berry Plastics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • MeadWestvaco Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Owens-lllinosis
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • RPC Group 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Graphic Packaging Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 27 market data tables and 21 figures on "Parenteral Packaging Market” - Global forecast to 2027”.

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