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Pharmaceutical Contract Packaging Market Overview

The global pharmaceutical industry is changing at a rapid pace with many trends and business relationships. These changes include new medical developments, patents and their equipment, as well as the roles of all stakeholders. One such new trend is the pharmaceutical contract packaging market.

The first understanding that comes to mind with the word pharmaceutical contract packaging is packaging specific to the pharmaceutical industry. Pharmaceutical contract packaging refers to the outsourcing of packaging activities to third-party suppliers. Pharmaceutical manufacturers are turning these non-core services into subcontracting to save time and money.

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Markets: Drivers and Restrictions

Contract packers can triage multiple issues related to unusual packaging needs or take on packaging projects from start to finish. With the development of medicine, with the development of medicines for various diseases and deficiencies, the packaging requirements for these medicines have also increased over time. Along with alternative medicine, traditional medicine is moving rapidly to meet the needs of patients. Instead of investing in the packaging of the final product, pharmaceutical companies are now outsourcing the packaging of the final product to a company that can specialize in packaging the drug.

Medicines are manufactured in one place and sold worldwide to meet local market acceptance. The drug must be packaged with the information and packaging material on the market itself. Packaging of pharmaceuticals is an important aspect because the product must be safe for the patient to consume. This may not be the pharmaceutical company’s advantage, but rather the case of contract manufacturing. The need for packaging specialization has spurred alternative industrial contract manufacturing, which is now a source of staff.

A growing aging population, government agencies pushing for stricter packaging norms, and growing public interest in innovative packaging are some of the drivers driving the pharmaceutical contract packaging market. The need for packaging specialization has spurred alternative industrial contract manufacturing, which is now a source of staff. A growing aging population, government agencies pushing for stricter packaging norms, and growing public interest in innovative packaging are some of the drivers driving the pharmaceutical contract packaging market.

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The need for packaging specialization has spurred alternative industrial contract manufacturing, which is now a source of staff. A growing aging population, government agencies pushing for stricter packaging norms, and growing public interest in innovative packaging are some of the drivers driving the pharmaceutical contract packaging market.

The contract pharmaceutical packaging industry has not yet started and has not gained a strong foothold, but the contract pharmaceutical packaging industry will grow over the forecast period.

Pharmaceutical Contract Packaging Market: Regional Outlook

On the basis of region, the global pharmaceutical contract packaging market is segmented into five major regions: North America, Latin America, Europe, APAC, and Middle East & Africa. Of the aforementioned regions, North America leads the pack in contract drug packaging because North America is a global leader in the manufacture of pharmaceuticals for a variety of diseases. Strong R&D and presence of major global players in North American pharmaceutical manufacturing are supporting the growth of contract pharmaceutical packaging.

And the contract drug packaging market can be expected to continue growing during the forecast period. After North America, APEJ is considered a key market for contract drug packaging. Countries such as India and China were booming markets for pharmaceuticals. Users in APEJ countries have high demand for a wide range of medicines, from antibiotics to homeopathic and alternative medicines.

The growth of pharmaceutical companies in the APEJ region will enhance the contract pharmaceutical packaging market as most companies are not involved in pharmaceutical packaging. Western European countries such as Germany, France and the UK are also moving at a significant pace towards contract drug packaging to reduce additional packaging operating costs for pharmaceutical companies. Eastern Europe is also experiencing significant growth in the contract drug packaging market.

On the other hand, MEA and Latin America haven’t seen much of the contract drug packaging market, but they can also be optimistic about the growth of the contract drug packaging market in the region.

Pharmaceutical Contract Packaging Market: Key Players

The major players identified in the global Pharmaceutical Contract Packaging market are:

• Catalent Pharmaceutical Solutions
• pateon
• Baxter Biopharma Solutions
• AbbVie contract manufacturing
• Pfizer Center Source
• Taito Pharmaceutical
• Nipro Corporation

The research report includes a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes forecasting using appropriate assumptions and methodologies. Research reports provide analysis and information according to categories such as market segments, regions, product types, and applications.

The report covers exhaust gas analysis for:

• market segment
• market dynamics
• market size
• supply demand
• Current trends/issues/challenges
• Competition and Related Companies
• Technology
• value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

The report is a compilation of first-hand information by industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.

Pharmaceutical Contract Packaging Market: Segmentation

The global pharmaceutical contract packaging market is segmented on the basis of product, sales channel, and region.

Biodegradable Packaging Market Overview

Awareness about Environmental Impact of Packaging Triggers Manufacturers to Strive Customer Satisfaction

End users’ knowledge about the harmful impacts on non-degradable packaging materials on the environment and ecosystem is spreading across the world, which is among the primary drivers of the global market for biodegradable packaging. A mounting number of manufacturers in the packaging industry are making a move towards the use of unique biodegradable materials in their packaging solutions. As a result, most of the stakeholders in the market are taking one step ahead to achieve greater customer satisfaction with the innovation in their offerings.

In the coming years, product differentiation in order to attract customers’ attention will emerge as a strategy to gain a competitive edge in the market. Leading manufacturers are expected to explore new options in the plastics industry to introduce more flexible, biodegradable packaging materials. Manufacturers are aiming to attain a bigger market share by replacing conventional plastic with its biodegradable counterparts to introduce more innovative and versatile materials in the biodegradable packaging market.

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Amplifying customer satisfaction will remain the top priority for market players, and introducing customized packaging solutions will remain a sure-fire way to grab the attention of potential customers. In the coming years, manufacturers are expected to introduce innovative designs of biodegradable packaging not only to satisfy the customers’ need for reducing their carbon footprint but also suffice the application-based needs.

Food & Beverage Industry – An Important Consumer of Biodegradable Packaging

With the rise of the e-commerce industry, the adoption of packaging materials has gone up dramatically. However, the food & beverage industry has taken a lead, as a mounting number of companies in the industry are rethinking their packaging strategies. Food & beverage businesses resorting to sustainable alternatives to their traditional packaging materials including wrappers, boxes, bottles, and all the other packaging solutions.

While the move towards biodegradable packaging in the food & beverage industry is mainly driven by the need of the industry to maintain environmental standards of the business, businesses are also being mindful about satisfying their customers’ need to deal with entities with low environmental footprint. Consequently, leading players in the food & beverage industry are collaborating with the leading players in the biodegradable packaging market to capture lucrative deals, as an effort to limit the cost of their biodegradable packaging solutions.

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COVID 19 to Impact the Use of Biodegradable Packaging Materials

Since the outbreak of the novel coronavirus has turned into a pandemic, the debates over how packaging plays a role in the spread of the virus have been on the rise worldwide. Though governing bodies such as the United States Food & Drug Administration (FDA) have disputed the fact that plastic and cardboard as a part of packaging can spread the novel coronavirus, the concerns of customers have had a significant impact on the adoption of biodegradable packaging materials as well.

In addition, packaging industry experts have been weighing in on a debate over whether the industry has been putting its concerns over the use of plastic and non-biodegradable packaging on hold, because of the coronavirus pandemic. Some players in the industry are still mapping their business strategies to boost the use of biodegradable packaging, however, many other companies may have put a hold on their production as the world goes under a lockdown. This way, the COVID-19 pandemic may influence the upcoming trends in the global biodegradable packaging market in the coming years.

Biodegradable Packaging Market: Region-wise Analysis

Based on the geographical regions, the biodegradable packaging market is broadly divided into seven segments – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Developed regions such as North America and Europe are expected to remain the top revenue packets for stakeholders in the global biodegradable packaging market. North America accounts for a significant revenue share of the global market, mainly attributing to the increasing presence of leading market players and growing consumer awareness about the environmental impact of harmful packaging in the region.

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Manufacturers in the developed regions are expected to capitalize on increasing concerns among consumers about the carbon footprint of the packaging industry, and by offering flexible biodegradable packaging options to win in these regional markets. On the other hand, market players in the developing countries, especially in the Asia Pacific region, where industrial end users are preferring cheaper packaging options, are struggling to capture bigger leads. Furthermore, consumer awareness about the importance of using biodegradable packaging materials is not significant in the region, which further restricts growth of the market in developing economies.

Nevertheless, the future looks brighter for stakeholders in the biodegradable packaging market in developing regions, as the population of high-spending consumers is dramatically increasing in most of the Southeast Asian countries. Furthermore, governing bodies in the region are also implementing strict environmental laws on the packaging materials, which is further bolstering the adoption of biodegradable packaging in the Asia Pacific region.

Biodegradable Packaging Market: Competitive Landscape

• Smurfit Kappa Group
• BASF SE
• International Paper
• Stora Enso
• Clearwater Paper Corporation
• Biopac, Georgia-Pacific LLC
• Rocktenn
• Natureworks LLC
• Novamont S.P.A

Being highly fragmented in nature, the biodegradable packaging market is expected to witness a high tide of innovation and adoption of new technologies among the leading stakeholders.

Companies are aiming to gain a competitive edge by investing heavily in research & development to bolster the use of natural resources that are readily available and reduce the use of non-degradable packaging materials. Innovation in product development in order to meet the dynamic needs of end-use industries will emerge as a popular strategy across the competitive landscape of the biodegradable packaging market in the coming years

Region-wise Analysis

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Biodegradable Packaging Market: Segment Analysis

The biodegradable packaging market can be segmented on the basis of the following:

Cement packaging is primarily done in bags and sacks. These bags and sacks can be made out of paper or plastic. Paper cement packaging bags are usually heavy-duty bags and sacks that are manufactured using multiple layers of paper and can be coated with layers of plastic films to provide a barrier against moisture. However, woven and non-woven plastic bags can also be employed for cement packaging. These bags can hold up to 50 Kg of cement without damage. Bags and sacks used for cement packaging also offer printing area on its surface for branding and promotion of the product.

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Cement Packaging Market: Dynamics

Cement packaging plays a crucial role in product protection, enhancing shelf visibility, and driving profit margins of the manufacturer. Cement tends to harden when it is exposed to moisture in any form; this makes it unfit for consumption. Thus, a considerable amount of cement is lost during its movement in the supply chain. This loss has triggered the need for efficient cement packaging solutions, which minimizes its exposure to extreme climate.

Moreover, the market is flooded with duplicated and adulterated construction materials. So, the manufacturers of cement are aiming to reduce instances of counterfeiting by incorporating sophisticated branding impressions on their packaging solutions. These factors are expected to drive the sales of cement packaging solutions in the global industrial packaging market.

Cement manufacturers are switching to sustainable solutions and replacing conventional plastic bags with high shelf life paper bags. The use of paper bags for cement packaging enhances the aesthetic appeal and provides ease of printability. Paper bags for cement packaging are usually lined with PE to ensure product protection from moisture.

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Cement Packaging Market: Regional Outlook

The geographical analysis of the cement packaging market has revealed that demand for cement packaging solutions is likely to be fueled by developing countries of the Asia Pacific and the Middle East & Africa. In countries such as India and China, polypropylene cement packaging is used most prominently. The material used for making cement bags is usually recycled, and bags are sewn by hand at large factories. Furthermore, China is one of the leading manufacturers of cement and has a high impact on the dynamics of the cement packaging industry. Thus, the demand for cement packaging is expected to remain strong in the Asia Pacific region.

Also, the Middle East and Africa region are witnessing substantial growth in the number of infrastructure development projects from the past few years. This growth has led to robust demand for construction materials such as cement. Moreover, the region has witnessed the establishment of several new cement plants and revamped the existing ones, to cater to the growing demand for construction material. Hence, the sales of cement packaging solutions are projected to grow during the period of forecast.

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Cement Packaging Market: Key Players and Market Structure Analysis

Some of the key players operating in the global cement packaging market are Mondi Plc, LC Packaging International BV, Gascogne SA, Bischof + Klein SE & Co. KG, Uflex Ltd., Taurus Packaging, Unisun packaging, Gempack, Volgopromtrans LLC, ToolAsian Polysacks Pvt. Ltd., Edna Group, and Rosenflex UK Ltd.

The bargaining power of suppliers is expected to be low in the cement packaging market as several unorganized players operate at a regional level. These players might not compete directly with paper packaging giants such as Mondi Plc and Bischof + Klein SE & Co. KG and more, but might shift the regional pricing trends.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.

Regional Analysis Includes :

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa (MEA)

Cement Packaging Market: Segmentation

Globally, the cement packaging market is segmented by material, product type, capacity, and geography.