The Pharmaceutical Contract Packaging Market size has the potential to grow by USD 7.09 billion during 2020-2024.
Major competitors includes in the market are Co-Pak, Sharp, TricorBraun, AmerisourceBergen Corp., Becton, Dickinson and Co., Berlin Packaging, Berry Global Group Inc., Bilcare Ltd., CCL Industries Inc., Constantia Flexibles Group GmbH, FedEx Corp., SCHOTT AG, and WestRock Co.
Drug development to regulatory scrutiny, changing standards to combination products – there are many considerations contract manufacturers must carefully address and work through related to packaging. Here it is useful to take an “integrated solutions” approach, in order to both streamline and maximize capabilities and offerings by: reducing development and supply risk, accelerating time to-market, minimizing total cost of ownership and improving the patient experience.
Sharp, part of UDG Healthcare Plc., Oct 2020 a global leader in contract packaging and clinical supply service has announced a further investment of $10M in equipment capabilities to directly support client demand in the biologics and injectable market. The investment includes the installation and validation of two Dividella NeoTOPx packaging systems, one intended for Sharp’s Allentown facility in the US and the other for Sharp’s Hamont-Achel site in Belgium.
Jan 2020- Packaging leader TricorBraun announced that it has acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a rigid packaging distributor serving several markets, including pharmaceutical, pet food and personal care. With 25 years of packaging expertise, PSI has a stellar industry reputation and long-standing customer relationships. The acquisition bolsters TricorBraun’s position in the Minneapolis market, providing an additional warehouse for continued growth.
Berlin Packaging,- Nov 2020 the world’s largest hybrid packaging supplier, announced today the acquisition of Consolidated Bottle Corporation, a leading packaging supplier in Canada. The transaction significantly expands Berlin Packaging’s footprint in Canada, enabling the combined businesses to offer even more packaging solutions and value-added services to their customers.
As one of Canada’s most established companies, Consolidated Bottle has 110+ years of experience supplying innovative plastic, glass and metal containers and closures across various industries, including personal care, pharmaceutical, cannabis, food, beverage and industrial.
Innovations in Pharmaceutical Packaging – and a Look to the Future
As market and healthcare landscape trends continue to evolve, so must packaging innovation. As yesterday’s efforts continue to inform their paths today and tomorrow, the eruption of the COVID-19 pandemic will likely change the shape of our industry moving forward, in ways we might not have fathomed as recently as a few months ago. Treatment regimens will likely continue to shift toward shorter or less frequent dosing, as well as more self-administered options. Particularly as more people are staying home and minimizing non-emergency doctor or hospital visits, the need for new packaging and delivery systems that allow patients to receive treatment in the comfort of their home is likely to increase at an even faster pace.
By product type Pharmaceutical contract packaging market has splits into Plastics, Containers, Caps/Closures, Glass containers and Flexible packaging. By Drug Type market has segmented into Contraceptives, Cancer therapies, Hormone replacement, Autacoids& related drugs and cardiovascular medicines. By Drug Form includes Injectable and Oral. Regionally it segmented into five key regions -- North America, Latin America, Europe, APAC, and Middle East & Africa. Among the aforementioned regions, North America leads in Contract pharmaceutical packaging in 2020 from owing to the reason North America has been global leader in drug manufacturing for various diseases. Strong R&D and the presence of key global players in pharmaceutical drugs manufacturing in North America is bolstering the growth of contract pharmaceutical packaging. And it can be expected that contract pharmaceutical packaging market will continue to grow over the forecast period. Next to North America, APEJ is believed to be the key market for contract pharmaceutical packaging. Countries such as India, China etc. have been a booming market for pharmaceuticals.