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Pharmaceutical Packaging Market – Investments and Expansions are the Key Strategies Adopted by the Leading Players

The report Pharmaceutical Packaging Market by Type (Plastic Bottles, Blister Packs, Vials), Veterinary Vaccine Packaging (Livestock, Aquaculture, Porcine), Drug Delivery (Oral, Pulmonary, Topical), Raw Material (HDPE, LDPE), and Region – Global Forecast to 2021″, The pharmaceutical packaging market was valued at USD 65.55 Billion in 2015 and is projected to reach USD 94.93 Billion by 2021, at a CAGR of 6.4% from 2016 to 2021.

Growing urbanization across the globe, increasing affluence in the Asia-Pacific region, and rising demand for improved and efficient healthcare services, globally are the major drivers for the growth of the pharmaceutical packaging market. In addition to this, stringent government regulations related to manufacturing of counterfeit medicines in several countries of the world are also expected to fuel the growth of the pharmaceutical packaging market during the forecast period, 2016 to 2021.

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Investments and expansions are the key strategies adopted by the market players in the pharmaceutical packaging market. These strategies, collaboratively, accounted for a share of 36.4% of the total growth strategies adopted by market players between 2012 and 2016. Amcor Ltd. (Australia), a leading player in the pharmaceutical packaging market, adopted investments and expansions as its primary growth strategies. The companies operating in the pharmaceutical packaging market have also adopted new product launches, mergers & acquisitions, agreements, joint ventures, and partnerships to expand their regional presence. These strategies accounted for a share of 63.6% of the total growth strategies adopted by the market players between 2012 and 2016. New product launches accounted for a share of 29.5% of the total growth strategies adopted by the market players in the pharmaceutical packaging market to meet growing demand for pharmaceutical packaging from customers across the globe.

Companies, such as Amcor Ltd. (Australia), Schott AG (Germany), and AptarGroup, Inc. (U.S.) have made several investments and expansions to serve customers efficiently and increase their market shares.

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Companies, such as Amcor Ltd. (Australia), Schott AG (Germany), AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), and Capsugel Inc. (U.S.) have been profiled in this report. These companies have adopted both, organic as well as inorganic growth strategies, such as investments, expansions, mergers & joint ventures, partnerships, agreements & collaborations, and new product launches to strengthen their positions in the pharmaceutical packaging market.

Amcor Ltd. (Australia), Schott AG (U.S.), and AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), and Capsugel Inc. (U.S.) accounted for the largest share of all the developmental activities that took place in the pharmaceutical packaging market between 2012 and 2016. The companies adopted dynamic growth strategies, such as investments & expansions, new product launches, mergers & joint ventures, partnerships, agreements, and collaborations to strengthen their position in the pharmaceutical packaging market. In 2016, Amcor Ltd. (Australia) expanded its Milwaukee plant, Wisconsin (U.S.) with an aim to enhance its flexographic printing, gravure coating, and slitting automation processes. In 2016, AptarGroup, Inc. (U.S.) expanded production capacity of its manufacturing site in New York to offer improved packaging services to its customers in the North American region. In 2016, Becton, Dickinson and Company (U.S.) launched its new product, Neopak 2.25 ml pre-fillable glass syringe to enhance its pre-filled syringe range. In 2015, Amcor Ltd. (Australia) introduced a new SecurePlus child resistant closure for ophthalmic packaging. In 2015, Capsugel Inc. (U.S.) launched DRcaps, which is used to enclose liquid filled bottles. This helped the company to strengthen its position in the liquid filled product segment.

Amcor Ltd. (Australia) has gained a strong foothold in the pharmaceutical packaging market. It is focusing on organic growth and as such, has enhanced its product portfolio through various growth strategies, such as new product launches, investments, and expansions to meet the growing demand for pharmaceutical packaging from customers across the globe. In 2015, Amcor Ltd. launched Amcor opening feature (AOF), which provides special features, such as child resistant blister lidding. In 2015, the company acquired Zhongshan Tian Cai Packaging Company (China). This helped the company in increasing its productivity of printing and multilayer films for food, beverages, and pharmaceutical packaging.

 

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