Research and Markets(http://www.researchandmarkets.com/research/bkw8kk/pharmaceutical) has announced the addition of the "Pharmaceutical Packaging Market in North America 2015-2019" report to their offering.
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.
Bemis Healthcare Packaging
West Pharmaceutical Services
Other prominent vendors
Air Packaging Technologies
American Health Packaging
Becton, Dickinson & Company
Catalent Pharma Solutions
Clondalkin Group Holdings
Klockner Pentaplast Group
Key Topics Covered:
List of Abbreviations
Scope of the Report
Market Research Methodology
Market Segmentation by Product
Market Segmentation by Type
Market Growth Drivers
Drivers and their Impact
Impact of Drivers and Challenges
Trends and their Impact
Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/bkw8kk/pharmaceutical
Media Contact: Laura Wood , +353-1-481-1716, email@example.com