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Global Pharmaceutical Contract Packaging Market to Grow at a CAGR of 14.5% by 2021 - High Demand for Pharmaceutical Contract Packaging in Emerging Economies - Research and Markets

DUBLIN, Apr 10, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Pharmaceutical Contract Packaging Market 2017-2021" report to their offering.

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The global pharmaceutical contract packaging market to grow at a CAGR of 14.51% during the period 2017-2021.

The report, Global Pharmaceutical Contract Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is high demand for pharmaceutical contract packaging in emerging economies. The increase in outsourcing operations to emerging economies such as Asia and South America is one of the major trends experienced by pharmaceutical companies. Pharmaceutical contract packaging is predicted to increase during the forecast period. This is mainly due to the low cost of labor, high technical skills, and the presence of market opportunities in these countries. Though the pharmaceutical contract packaging industry is gaining momentum, especially in Asia, issues regarding intellectual property and confidentiality pose a major concern. However, these issues can be resolved with the help of regulatory agencies and organizations.

According to the report, one driver in market is increased reduction in operational costs. The overall reduction of operational costs for manufacturers is one of the major advantages of contract packaging. Machines used for packaging are expensive and the operational and maintenance costs for these machines are high in the long run. Therefore, many manufacturing industries are opting for contract packaging. Also, contract packagers use the latest technology and innovative products for packaging. Outsourcing the packaging process also helps manufacturers to reduce other operational costs related to manufacturing such as warehouse, labor, technology, and transportation costs. Many 3PL companies are entering into the contract packaging business with warehouse and transportation as the key advantages.

Key vendors

  • Sharp Packaging Services
  • Summit Container
  • Unicep Packaging

Other prominent vendors

  • Berlin Packaging
  • CCL Industries
  • Co-Pak Packaging
  • Gardan
  • Others

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation

PART 07: Geographical segmentation

PART 08: Decision framework

- PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Vendor Profiling

PART 12: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/dlq4cx/global

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-pharmaceutical-contract-packaging-market-to-grow-at-a-cagr-of-145-by-2021---high-demand-for-pharmaceutical-contract-packaging-in-emerging-economies---research-and-markets-300437209.html