With the slowdown in world economic growth, the Pharmaceutical Contract Packaging Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pharmaceutical Contract Packaging market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, Stratagem Market Insights analysts believe that in the next few years, Pharmaceutical Contract Packaging market size will be further expanded, we expect that by 2026, The market size of the Pharmaceutical Contract Packaging will reach XXX million $.
Pharmaceutical contract packaging services include blister packaging, poly bagging, shrink wrapping, and hand assembly.
An increasing number of new drug approvals are expected to propel the growth of the global pharmaceutical contract packaging market over the forecast period. For instance, in 2019, the Center for Drug Evaluation and Research (CDER) approved 48 novel drugs, either as new molecular entities (NMEs) under New Drug Applications (NDAs) compared to 46 new drugs approved in 2017. Moreover, rapid growth in the generics sector is also expected to aid in the growth of the market. For instance, in 2018, the U.S. Food and Drug Administration approved more than 1,000 generic drugs.
Increasing the export of pharmaceutical drugs from developing markets is expected to fuel the growth of the global pharmaceutical contract packaging market over the forecast period. For instance, according to India Brand Equity Foundation, pharmaceutical products amounting to US$ 17.30 billion were exported from India in 2017-18 and the export is expected to rise to US$ 55 billion by 2020. Moreover, a growing number of clinical trials are also expected to aid in the growth of the market. For instance, according to ClinicalTrials.gov, 32,524 were conducted in the U.S. in 2019 compared to 30, 978 in 2018.
Patent expiration of drugs is expected to offer lucrative growth opportunities for players in the global pharmaceutical contract packaging market. For instance, around 12 blockbuster drugs are expected to lose their patents by 2020, which include, Daliresp, Noxafil, Vascepa, Chantix, Juxtapid, and others. Moreover, government initiatives to boost the pharmaceutical sector are also expected to aid in the growth of the market. For instance, in May 2018, China announced the removal of import duties on 28 different drugs.
Major players in the market are focused on expanding their service portfolio. For instance, in April 2019, UnicUnicep expanded its services to include refined Custom Design and Quick Turn Prototype capabilities, which are available with Unicep’s single-use Modified Blow-Fill-Seal product line.
Key Takeaways:
- Increasing number of new drugs approvals is augmenting the growth of the global pharmaceutical contract packaging market over the forecast period
- Patent expiration of drugs is expected to offer lucrative growth opportunities for players in the market
- Major players operating in the global pharmaceutical contract packaging market include GENCO, Sharp Packaging Services, Summit Container, Unicep Packaging, Berlin Packaging, CCL Industries, Co-Pak Packaging, Gardan, Green Packaging Asia, Jones Packaging, Multipack, Pharma Tech Industries, PCI Pharma Services, Reelvision Print, and Ropack Pharma Solutions
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume, and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment, etc. cover different segment market sizes, both volume, and value. Also cover different industries client's information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
✧ GENCO
✧ Sharp Packaging Services
✧ Summit Container
✧ Unicep Packaging
✧ Berlin Packaging
✧ CCL Industries
✧ Co-Pak Packaging
✧ Gardan
✧ Green Packaging Asia
✧ Jones Packaging
✧ Multipack
✧ Pharma Tech Industries
✧ PCI Pharma Services
✧ Reelvision Print
✧ Ropack Pharma Solutions
Section 4: Region Segmentation
✧ North America Country (United States, Canada)
✧ South America
✧ Asia Country (China, Japan, India, Korea)
✧ Europe Country (Germany, UK, France, Italy)
✧ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Type Segmentation
Product Type Segmentation ✑
✧ Plastic Bottles
✧ Blister Packs
✧ Pouches
✧ Parenteral Containers
✧ Pre-Filled Syringes
Industry Segmentation ✑
✧ Pharmaceutical Factory
✧ Hospital
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2026)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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