Pharmaceutical pouch are pouches made up of such material which is strong, protects the medicines from the penetration of oxygen, moisture, light, and chemicals, and does not tear or puncture. These pouches also have child-resistant packaging and are therefore secure for storing anywhere.
Pharmaceutical pouches are expected to gain their importance in market due to their varied benefits. The pharmaceuticals companies prefer these pouches as it can protect the medicines from harmful rays or atmosphere, and it can be imprinted with the prescription.
However, few challenges faced by the pharmaceutical pouches are the incompatibility of these pouches for storing liquid drugs. Another reason that can hamper the global pharmaceutical pouch market is that the pouch once opened, it does not stay effective for a longer period of time. Once the pouch is opened, the drug inside needs to be consumed immediately or it might get affected by external atmosphere and may damage the drug stored in it.
In terms of regional analysis, in 2016, North America constituted the maximum share of the global pharmaceutical industry. In 2016, North American pharmaceutical market valued around US$450 billion. Owing to the above mentioned factor and due to the presence of famous companies like Pfizer, Johnson & Johnson, Merck & Co., the North American region is expected to gain a higher market share and contribute towards the growth of global pharmaceutical pouch market during the forecast period.
Key players operating in the global pharmaceutical pouch market include GFR Pharma, Qed Kares Packers Private Limited., Glenroy, Inc., Nelipak Corporation, Oliver, etc.
On the basis of material, the global pharmaceutical pouch market is segmented into:
On the basis of product type, the global pharmaceutical pouch market is segmented into:
On the basis of application, the global pharmaceutical pouch market is segmented into:
On the basis of region, the global pharmaceutical pouch market is segmented into: