- The key vendors in the pharmaceutical packaging market in Europe 2015-2019 are Amcor Ltd., Bemis Company Inc., Gerresheimer AG, MeadWestvaco Corp. and Rexam plc
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the pharmaceutical packaging market in Europe 2015-2019. One key trend upcoming in the market is the integration with protective technologies. Pharmaceutical companies have integrated with various innovative technologies such RFID and track and trace solutions to provide better services to their customers. The pharmaceutical packaging market in Europe is expected to grow at a CAGR of 7.26% during the forecast period of 2014-2019.
The major factor driving the pharmaceutical market is advances and improvements in technology. This implies finding better treatment as well as making sure that patients have access to medication when they require it. Inventions in the industry not only foster medical development, but also increase job opportunities.
“With the implementation of government regulations providing that all prescription pharmaceuticals dispensed in hospitals and nursing homes are packaged in unit-dose formats with barcodes so as to reduce dispensing errors, blister packs sales in the pharmaceutical industry have increased over the years,” says Faisal Ghaus, Vice President of Technavio Research.
“There has been an increase in the use of blister packs for packaging of contact lenses instead of glass vials to keep them sterile, with a subsequent reduction in the cost of packaging as well as providing ease of handling.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
