Parenteral Packaging Market, by Packaging Type (Bags and Bottles, Ampoules, Vials, Prefilled Syringes & Cartridges, and Ready-to-mix-Systems), by Material Type (Glass, Plastic and Polymer, Poly Vinyl Chloride (PVC), and Polyolefin) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Feb 2020

Code : CMI565

Pages :120

Formats :

Excel and PDF

Industry : Pharmaceutical

Parenteral Packaging MarketSize and Trends

Parenteral Packaging Market – Insights

Parenteral packaging is the process of packaging drugs or other fluids to keep their potency and therapeutic effectiveness intact till the drug is administered. Parenteral packaging is required to protect drugs from contamination and from the aseptic administration to the patient. On the basis of materials, the parenteral packaging market is segmented into plastic & polymer and glass segments. The pharmaceuticals sector has witnessed significant technological advancements in the recent past. As a result, recent advancement in routes of drug administration are shaping the market demand for parenteral packaging.

The global parenteral packaging market is estimated to be valued at US$ 10,759.0 million in 2019 and is expected to witness a robust CAGR of 11.1% during the forecast period (2019 – 2027)

There has been an increase in demand for parenteral packaging, in order to enhance protection of drugs, which is expected to propel the global parenteral packaging market growth. Parenteral packaging plays an important role in retaining the quality of the formulation. Moreover, increasing technological advancements in parenteral manufacturing and packaging are expected to drive the global parenteral packaging market growth. Factors such as the growing trend of using prefilled syringes and cartridges, ready-to-use containers, more efficient filling/closing operations and other material made of glass and plastic for injectables has lowered the risk of contamination of parenteral products.

Also, major players are focusing on offering a wide range of packaging materials for parenteral drugs. For instance, Gerresheimer AG, a global supplier in healthcare, a pharmaceutical company, offers a range of parenteral packaging products including bottles, vials and syringes made of plastic and glass.