Pharmaceutical Primary Packaging: Trends and Opportunities
The use of pharmaceutical primary packaging has emerged as a promising alternative to conventional primary packaging, adding significant value to streamline pharmaceutical fill / finish operations. These packaging components eliminate multiple steps in the overall fill finish manufacturing (mainly washing, sterilizing and preparing containers), thereby, helping improve operational efficiencies in compliance to existing regulatory standards. Owing to several other benefits offered by medical polymers, RTU container-closure systems have gradually gained popularity in the pharmaceutical industry.
Over 45 companies are actively involved in the development of ready-to-use (RTU) primary packaging products and affiliated processing equipment
The pharmaceutical primary packaging market is fragmented, featuring the presence of a large number of established players; a relatively larger proportion of the industry stakeholders are based in Europe.
Currently, there are over 70 commercially available pharmaceutical primary packaging products and close to 50 different equipment systems that can process such container-closures.
In order to cope up with the prevalent and upcoming pharmaceutical trends, the packaging industry is steadily evolving to cater to the changing needs of drug manufacturers.
A number of partnerships have been established in the recent past; in addition, stakeholders have made some strategic acquisitions to strengthen their product portfolios
The pharmaceutical primary packaging market is projected to grow at an annualized rate of 11.9% in the period between 2018 and 2030.
The opportunity is likely to be distributed across different packaging types, with plastic as the preferred material; Asia Pacific market is projected to grow at a relatively faster pace
To learn more, please click Primary Packaging Market. For any queries / suggestions, please do not hesitate to contact us at sales@rootsanalysis.com. You can also download the SAMPLE REPORT on primary packaging by Roots Analysis.
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About Author
Arun_Gupta
Arun is an enthusiastic professional and has been associated with Roots Analysis since the very early years. He has led multifaceted roles over the years be it business research, consulting, competitive intelligence, IT & technology, sales and marketing. He currently drives strategic thinking and execution within the sales and marketing domain. With educational background in life sciences from Thapar University and digital marketing credentials from Indian School of Business, he has led a lot of critical initiatives at the organization. His background in life sciences has been one of the key reasons for quick understanding and implementation of customized marketing strategies. During his early years, he has led multiple consulting assignments for global clients ranging from competitive landscaping, deal structuring and preparing go-to-market strategy for his clients.