Parenteral packaging market
Parenteral Packaging Market, by Packaging Type (Bags and Bottles, Ampoules, Vials, Prefilled Syringes & Cartridges, and Ready-to-mix-Systems), by Material Type (Glass, Plastic and Polymer, Poly Vinyl Chloride (PVC), and Polyolefin) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
- Feb 2020
- CMI565
- 120 Pages
- Excel & Pdf
- Pharmaceutical
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)
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)
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.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- 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)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- PEST Analysis
- PORTER’s Analysis
- 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 )
- 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 )
- 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
- 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
- Section
- References
- Research Methodology
- About us and Sales Contact
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