North American Pharmaceutical Packaging Market 2015-2019 with Amcor, Bemis Healthcare Packaging, MeadWestvaco, Owens-Illinois & West Pharmaceutical Services Dominating

The pharmaceutical packaging market in North America to grow at a CAGR of 5.31% over the period 2014-2019.
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The pharmaceutical packaging market in North America to grow at a CAGR of 5.31% over the period 2014-2019.

International regulations regarding safe drug delivery are enforced by regulatory bodies on drug manufacturers, which in turn fuels adoption of sustainable packaging. Various raw materials such as plastic resins, glass, paper and paperboard, and aluminum and other metals are used in the manufacture of pharmaceutical packaging. These packages are available in a variety of dimensions and forms.

The pharmaceutical packaging market in North America can be divided into four broad categories based on the type of product: plastic bottles, blister packs, parenteral containers, and others. It can be divided into two types based on the type of packaging: primary packaging and secondary packaging. The key customers of these products are pharmaceutical manufacturers.

The increase in outsourcing of pharmaceutical packaging is one such trend. Not only does it reduce the time for a new product to hit the market, but also enables the manufacturing firm to focus on its core competencies, reduce in-house regulatory burdens, and off-load packaging needs at peak production periods. Factors such as increased flexibility and reduced overhead costs for packaging are also supporting the increase in outsourcing of pharmaceutical packaging.

According to the report, the stringent compliance standards on pharmaceutical packaging is an important factor driving the growth of the market. FDA regulations in the US necessitate high-barrier packaging materials and sealants for drugs so that they are impermeable and solvent, grease, chemicals, and heat resistant.

Further, the report states that the risk of counterfeit products is a major challenge that curtails market growth.

Key vendors

Other prominent vendors

Key Topics Covered:

For more information visit http://www.researchandmarkets.com/research/bkw8kk/pharmaceutical

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

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