Jul 15 2014
ReportsnReports.com adds "Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018" and "Pharmaceutical Packaging Market by Packaging Type (Plastic bottles, Blister packs, Caps & Closures, Ampoules, Vials and Others) Raw Material (Plastics, Paper & Paperboard, Glass, Aluminum foils), and Drug Delivery Type – Global Trends & Forecast to 2018" reports to its store.
The pharmaceutical packaging equipment market has a high-growth potential owing to a majority of the drugs going off-patent in the forecast period and resultant genericization.. However, factors such as the increasing cost of raw materials, the increasingly competitive environment, the use of refurbished packaging equipment for cost-cutting activities that are preferred among smaller pharmaceutical manufacturers in the emerging markets across APAC and the Latin American region may represent a significant challenge for the market growth during the forecast period of 2013 to 2018.
Besides the structural market drivers, there are strong geographic drivers for the growth of the pharmaceutical packaging equipment market. The economic situation and cost-containment issues have diverted the attention of pharmaceutical packaging equipment manufacturers from the North American and European regions to the emerging markets such as India, China, and Brazil. Major companies are establishing their subsidiaries in these regions and are investing in building stronger footholds in these countries. The Asia-Pacific region forms one of the most promising pharmaceutical packaging equipment markets in the world. Developing countries such as India and China have a relatively high CAGR rate and are expected to see a significant market growth due to low labor costs and the rising demand for health care. A growing trend towards outsourcing of manufacturing activities in the pharmaceutical industry has also led to a surge in the number of FDA-approved manufacturing sites in low-cost manufacturing locations across India, China, and Brazil. Furthermore, growth in offshoring of pharmaceutical manufacturing is also expected to drive the market for pharmaceutical packaging equipment in these countries.
Source: http://www.reportsnreports.com/