Albany, New York, Jan. 9, 2015 (GLOBE NEWSWIRE) -- The global and U.S. pharmaceutical packaging market was worth US$50.07 billion in 2011. It is expected to grow at a CAGR of 5.6% from 2012 to 2018, eventually attaining an overall market value of US$73.04 billion in 2018.
The facts and figures that you read in this release have been compiled directly by referring to a research document published by Transparency Market Research, titled "Global And U.S. Pharmaceutical Packaging - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018". The research report offers critical information about the pharmaceutical packaging market from a global perspective and further provides forecast details based on stable current statistics and expert analyses.
Browse the full Report of Pharmaceutical Packaging Market: http://www.transparencymarketresearch.com/pharmaceutical-packaging-market.html
The report states that the Asia Pacific region is expected to show an increase in demand in the global pharmaceutical packaging market. The reasons for this are given as an overall increase in contract manufacturing, the general growth of the pharmaceutical industry in the region, and the ageing population that is creating the need for more pharmaceutical products.
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Developments in the Pharmaceutical Packaging Market include nano enabled packaging that provides the current best protection for drugs against mechanical forces, moisture, and light. Advancements like these are expected to create a further boost in the pharmaceutical packaging market.
According to report, the largest segment in the pharmaceutical packaging market was the plastic bottles segment in 2011. The segment held nearly 20% of the market share in 2011, due to the high demand for in from countries in Europe and North America.
Browse Press Release of Pharmaceutical Packaging Market: http://www.transparencymarketresearch.com/pressrelease/pharmaceutical-packaging-market.htm
On the other hand, forecast details show that the fastest growing segment in the pharmaceutical packaging market is the parental containers segment. This is said to occur due to the establishment of better injected therapies.
Another segment that is set to show substantial growth is the label product segment.
The report also provides a geographic dissection of the pharmaceutical packaging market, saying that North America held the largest market share in 2011. It held more than 30%, thanks to the huge demand for pharmaceutical packaging in Canada and the U.S. this dominance could soon be cut short by Asia Pacific, which is currently the fastest growing region in the pharmaceutical packaging market. By 2018, the region could effectively hold more than 25% of the market share.
Other Published Reports by Transparency Market Research:
Polycarbonate Market: http://www.transparencymarketresearch.com/polycarbonate-market.html
Carboxymethyl Cellulose Market: http://www.transparencymarketresearch.com/carboxymethyl-cellulose-industry.html
Company descriptions and reports in the document show that the global pharmaceutical packaging market is a highly fragmented one. Less than 25% of the market was held by the five biggest companies in 2011.
The key players in the pharmaceutical packaging market include Rexam PLC, Gerresheimer AG, Amcor, MeanWestvaco, Becton Dickinson, 3M, Tear and Tape, Schott, Nypro, and Consort Medical.
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Source:Transparency Market Research