Technavio recognizes the following companies as the key players in Pharmaceutical Packaging Market in North America 2015-2019: Amcor Ltd., Bemis Healthcare Packaging Inc., MeadWestvaco Corp., Owens-Illinois Inc. and West Pharmaceutical Services Inc.
Other Prominent Vendors in the market are: Air Packaging Technologies, Alexander American Health Packaging, Aptargroup, Barger Packaging, Becton, Dickinson & Company, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, CWS Packaging, Datwyler, Intrapac Group, Klockner Pentaplast Group, Menasha Packaging, Schott and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/pharmaceutical-packaging-market-in-north-america-2015-2019
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/automotive-and-aerospace
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