Future Market Insights
Technological advancements in the pharmaceutical industry are rapidly changing the drug delivery system & chemical compounds in the industry. To ensure proper functioning and protection of new drug delivery system a better and advanced packaging is needed. Packaging used for pharmaceutical products has the ability to resist the effect and penetration of chemicals, moisture, light, and oxygen. Pharmaceutical pouches are one such extensively used form of packaging used for advanced drug delivery systems. Pharmaceutical pouches are not only inherited with barrier properties against the external environment but are also available in child resistance and senior citizen friendly designs and mechanism. Pharmaceutical pouches are available in foil and non-foil barrier structures. To ensure the complete safety and hygiene of the end user pharmaceutical pouches are also available in tamper-evident formats.
Pharmaceuticals pouch market: Market Dynamics
Due to the technological advancements in flexible packaging format world is shifting from rigid packaging to flexible packaging. World flexible packaging market is estimated to be around US$ 238 Bn and is expected to grow at a CAGR of 5.5% over the forecast period. To leverage the technological advancements of flexible packaging format pharmaceutical product manufacturers are using pharmaceutical pouches as they are more advanced in providing protection with a minimum input of raw material. Pharmaceuticals pouches can be easily manufactured with resistance properties to chemical, oxygen, moisture and abrasion resistance according to the need of the product. Use of pharmaceutical pouches for packaging of unit dose enables patients to take the right amount of drug is another factor for boosting the demand for pharmaceutical pouches market. Pharmaceutical pouches can be easily printed with prescription hence enabling the patient to consume the medicine in the prescribed manner. However, pharmaceutical pouches prove to be inefficient for the handling of liquid dosages which may limit the growth in pharmaceuticals pouch market. Moreover, pharmaceutical pouches are inefficient in proper utilization of drugs packed for the longer course as once opened pouches tend to be get affected by moisture. On the backdrop of increasing inclination of manufacturers for the use of flexible packaging for reducing their carbon footprint is expected to increase the demand in pharmaceuticals pouch market.
Pharmaceuticals pouch market: Market Segmentation
Pharmaceuticals pouch market is segmented by material type, product type and by application type
Based on the material type, pharmaceuticals pouch market is segmented into:
Based on the product type, pharmaceuticals pouch market is segmented into:
Tamper Evident Pouches
High Barrier Pouches
Based on the application type, pharmaceuticals pouch market is segmented into:
Drug Delivery Systems
Pharmaceuticals pouch market - Regional Outlook:
Regionally global pharmaceuticals pouch market is segmented into
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Being the developed region Western Europe and North America are expected to account for the largest share in pharmaceuticals pouch market. APAC is expected to be the fastest growing region in pharmaceuticals pouch market due to the presence of densely populated areas in the region. Demand for pharmaceutical pouches in Eastern Europe and Latin America is expected to be moderate. MEA is expected to be the smallest yet one of the fastest growing region in Pharmaceuticals pouch market. Japan is expected to contribute significant share in Pharmaceuticals pouch market.
Pharmaceuticals pouch market - Key Players:
Some major players of the Pharmaceuticals pouch market are Ampac Holdings, LLC, Bemis Company, Inc., Qed Kares Packers Private Limited, GFR Pharma, Glenroy, Inc., Nelipak Corporation, Oliver Healthcare Packaging, LLC, B. Braun Medical Ltd, Amcor Limited, American FlexPack, Inc., Maco PKG., CHAMPION PLASTICS, Rushan Wufeng Silica Gel Co., Ltd., Dongguan Hehui Packaging Materials Co., Ltd, Qingdao Huakang Plastic Packaging Co., Ltd., Shenzhen Yongliantai Plastic Bag Co., Ltd., Shandong Mingda Packing Product Co., Ltd. and Shanghai Wei Hang Printing Co., Ltd.
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