Scope of the Study
The packaging is one of the most integral parts of any pharmaceutical product. Pharmaceutical packaging is the process for pharmaceutical preparations. It includes all of the operations starting from the production through the drug distribution channels and then to the end consumer. The pharmaceutical packaging is an extremely regulated process, but having some variations in the details, and depending upon the country of origin and the region. There are several common factors that can be included like the assurance of the patientís safety, the effectiveness of the drug over the intended shelf life, consistency of the drug over the different production lots, full detailed documentation of all the materials and processes, controlling the possibility of migration of the packaging components into the drug, controlling of the degradation of the drug through oxygen, heat, moisture, etc., inhibition of the microbial impurity, sterility, etc. The packaging is often involved in the process of dispensing, medicating, and usage of pharmaceutical products. The communication of the proper use and the cautionary labels are also regulated.
The market study is being classified by Type (Glass, Plastic, Rubber, Paper or Cardboard, Metal (Tin, Aluminum, Lead) and Others), by Application (Pharmaceutical Firms, Biotechnological Firms and Others) and major geographies with country level break-up.
DOW (United States), Henkel (Germany), Huntsman Corporation (United States), Bostik (United States), H.B. Fuller (United States), Toyo Ink Group Bhd (Malaysia), Beijing Comens New (China), Alcoa (United States), Norsk Hydro (Norway), Novelis (United States), Noranda (Canada), Sumitomo Chemical (Japan), Arkema (France) and MOL Group (Hungary) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Eastman Chemical Company (United States), ExxonMobil Corporation (United States), Formosa Plastics Corp (Taiwan) and Covestro (Germany).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pharmaceutical Packaging Materials market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Pharmaceutical Packaging Materials market by Type, Application and Region.
On the basis of geography, the market of Pharmaceutical Packaging Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Drug Delivery Devices
- Increasing Government Spending on Healthcare Sector
- Technological Advancements which Enable Serialized Printing on Primary Packaging
- The Growing Trend of Blister Packaging in Emerging Economies
- Stringent Regulations Set By the Governing Bodies
- Growing R&D Investments Leading to Increased Pharmaceutical Productions
- The Rising Popularity of New Biological Medicines
- Unavailability of Raw Material for Packaging
FDA Regulation: Subpart G of 21 Code of Federal Regulations Part 211- Subpart G of the regulations includes the criteria for examining and using materials, issuing labels, using tamper-evident packaging for over-the-counter drugs, conducting packaging and labeling operations, inspecting drug products, and assigning an expiration date. Also, manufacturers should have written procedures that ensure the correct labeling and packaging is used for a given drug product.
Key Target AudienceManufacturers of Pharmaceutical Packaging Materials, Suppliers and Distributors of Pharmaceutical Packaging Materials, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase