TMCnet News
Research and Markets: Pharmaceutical Packaging Market by Packaging Type. Raw Material & Drug Delivery Type - Global Trends & Forecast to 2018DUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/bh4gml/pharmaceutical) has announced the addition of the "Pharmaceutical Packaging Market by Packaging Type. Raw Material & Drug Delivery Type - Global Trends & Forecast to 2018" report to their offering. The global pharmaceutical packaging market by product type and drug delivery type, has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. The primary pharmaceutical packaging products constitute majority of the market globally. While plastic bottles, blister packs, caps & closures, labels & accessories contribute largely to the pharmaceutical packaging market; pre-fillable syringes, inhalers, medication tubes, and other new products will drive the future growth in the industry. North America, Western Europe and Japan dominated the pharmaceutical packaging market in 2012 and accounted for over 70% of the market. These developed regions dominate the packaging market due their mature markets which consist of health conscious and high-spending population. On te other hand, Asia-Pacific is expected to overtake the North American & European pharmaceutical packaging markets on account of its fastest-double digit growth rate by 2018. The market in this region is spurred by the large economies of Japan, China, and India that are experiencing increased contract manufacturing activities, growth of pharmaceutical sector, increased government investment in healthcare facilities, and ageing population. The global pharmaceutical packaging market is expected to grow at a CAGR of 6.7% from 2013 to 2018 to reach a value of $78.79 billion. The packaging market by drug delivery type is growing at a CAGR of 9.1% and constitutes a significant part of the overall pharmaceutical packaging market. The market is expected to be pushed by off-patenting of drugs, expanding generics market, and rapidly growing drug delivery market. Due to increasing generic and contract manufacturing activities in Asia-Pacific, especially in India and China, the emerging geographies are expected to register maximum growth. Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/bh4gml/pharmaceutical
|