Pharmaceutical Container Market

Moreover, demand for parenteral is strongly correlated with immunization. Vaccination plans such as Global Vaccine Action Plan (GVAP) 2011–2020, National Vaccine Plan (NVP) by U.S., which are introduced by the government on regular intervals to eradicate health issues such as hepatitis, polio etc., are expected to further fuel the demand for parenteral packaging thus driving pharmaceutical containers market.

Tepid demand from complementary and alternative medicines can hamper the market growth

Complementary and alternative medicines is gaining wide prominence among users. Alternative treatment such as Homeopathy and Ayurveda has captured significant share in overall healthcare treatment market which can affect the pharmaceutical container market negatively. For instance,

• As per the WHO estimates, ayurveda market was valued at US$ 118 Mn in 2015 and is forecast to grow at an average of 10% to 15% between 2015 and 2026.

Increasing alternative therapies could pose a challenge to overall pharmaceutical container market, especially in developing countries of Asia Pacific such as India and China. In addition to this, increasing counterfeiting of pharmaceutical products can impact on the growth of pharmaceutical container market.

Emerging Countries to play crucial role in the pharmaceutical containers market

Growing pharmaceutical industry in emerging countries such as Mexico, China and India accounts for healthy growth in the market. Most of the pharmaceutical companies have already started their production facilities in the China, India & Mexico which will create the enormous opportunities for the new entrants in the pharmaceutical container market.

Pharmaceutical Container Market: Key Players

Some of the key manufacturers in the pharmaceutical container market are as follows

• SCHOTT AG
• Alexander (James) Corporation
• Amcor Limited
• Berry Plastics
• AptarGroup Incorporated
• Gerresheimer Holdings GmbH
• Becton, Dickinson and Company
• Alpha Packaging

Emerging Countries to play crucial role in the pharmaceutical containers market

Growing pharmaceutical industry in emerging countries such as Mexico, China and India accounts for healthy growth in the market. Most of the pharmaceutical companies have already started their production facilities in the China, India & Mexico which will create the enormous opportunities for the new entrants in the pharmaceutical container market.

Pharmaceutical Container Market: Key Developments

• US Alcan Packaging, Inc. has developed a plastic bottle in the pharmaceutical container segment, which consists of an implantable electronic identification code (RFID code). The code helps obtain information about the product such as manufacturer, production date, batch number, etc. at one swipe.
• In October 2017, the company in collaboration with Xinkang started a new manufacturing facility in the China. The new plant will produce approximately two billion pieces of primary pharmaceutical containers made up of glass.
• In April 2016, Becton, Dickinson and Company introduced Genesis—a low temperature rigid sterilization container.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the global pharmaceutical container market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with pharmaceutical container market attractiveness as per segments. The report also maps the qualitative impact of various factors on pharmaceutical container market segments and geographies.