Site icon pharmaceutical daily

Pharmaceutical Plastic Packaging Markets: PET Expected to Witness Significant Growth – Global Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Pharmaceutical Plastic Packaging Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Pharmaceutical Plastic Packaging Market is expected to witness a CAGR of 8.24% over the forecast period 2021 – 2026

Demand for plastic packaging is witnessing significant growth from the pharmaceutical industry in the forecast period because of its unmatched ability to be form both flexible and rigid containers. Additional features that led increased adoption in pharma is barrier against moisture, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, resistance to heat and flame, and extension of expiry dates.

Pharmaceutical product demand is driving the demand for plastic bottles. In adherence to such growth packaging providers have been observed to have increased their production capacities. According to Gerresheimer, in December 2019, it opened a new production site to help bolster the production capacity, due to the high demand for its Triveni round containers that are used in pharmaceutical packaging.?

Pre-pandemic COVID-19, the industry led the growth concerning the allied growth reported in e-commerce industry, which caused an increased interest in sustainable materials and packaging formats for pharma delivery.

Post-pandemic, there has been a continued surge in demand for pharmaceutical packaging such as containers, cans, among others. Additionally, with the need for biologics and vaccines, the packaging companies are witnessed investing in the sterile format whilst expanding their production capacity.

In the near future, the development of better and more advanced healthcare infrastructure, coupled with the growth of pharmaceutical companies through alliances and partnerships (to maintain a stronghold, domestically and internationally), is set to boost the growth of the pharmaceutical plastic packaging market.

Furthermore, the new regulations restricting the sale and availability of cough syrups has led to market for plastic packaging in the pharmaceutical sector to be negatively affected. Cough syrups like Robitussin A.C., Dimetapp-C, and acetaminophen with codeine are sedating pain relievers packaged in plastic containers.

Key Market Trends

Polyethylene Terephthalate (PET) Expected to Witness Significant Growth

Competitive Landscape

While the pharmaceutical plastic packaging market is fragmented, established companies are focusing on innovation and acquisition. Companies are investing a large amount of their resources and money in the R&D to innovate new products meeting with the environment and government compliance. Key players are Amcor Limited, AptarGroup, Inc., Gerresheimer AG, etc.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Demand For Rigid & Flexible Pharmaceutical Plastic Products

4.2.2 Development of Better and More Advanced Healthcare Infrastructure

4.3 Market Restraints

4.3.1 Regulations Restricting the Sale and Availability of Pharmaceutical Plastic Products

4.3.2 Fluctuations in Raw Material Cost Due to Suppliers Bargaining Power

4.4 Industry Value Chain / Supply Chain Analysis

4.5 Industry Attractiveness – Porter’s Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Raw Material

5.1.1 Polypropylene (PP)

5.1.2 Polyethylene Terephthalate (PET)

5.1.3 Low Density Polyethylene (LDPE)

5.1.4 High Density Polyethylene (HDPE)

5.1.5 Other Types of Materials

5.2 By Product Type

5.2.1 Solid Containers

5.2.2 Dropper Bottles

5.2.3 Nasal Spray Bottles

5.2.4 Liquid Bottles

5.2.5 Oral Care

5.2.6 Pouches

5.2.7 Vials & Ampoules

5.2.8 Cartridges

5.2.9 Syringes

5.2.10 Caps & Closures

5.2.11 Other Product Types

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Gerresheimer AG

6.1.2 Amcor Limited

6.1.3 Berry Plastics Group, Inc.

6.1.4 Aptar Pharma

6.1.5 O.Berk Company, LLC

6.1.6 Alpha Packaging

6.1.7 Graham Packaging Company

6.1.8 COMAR, LLC

6.1.9 Alpack Plastic Packaging

6.1.10 Drug Plastics Group

6.1.11 Plastipak Holdings, Inc.

7 INVESTMENT ANALYSIS

8 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/35kt2v

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Exit mobile version