MRC Announces the Publication of its Research Report – Global Rigid Packaging Market for Pharmaceutical sector 2018-2022
MRC recognizes the following companies as the key players in the global rigid packaging market for pharmaceutical sector: Amcor, Bemis Company, Berry Global, Garresheimer, and WestRock.
Other Prominent Vendors in the market are: Corning and Shandong Pharmaceutical Glass.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is the rising inclination towards blister packaging. Manufacturers in the blister packaging segment widely use pre-formed rigid plastic packaging materials for packaging pharmaceutical products. Blister packaging is gaining popularity since it makes it easier for patients to stick to their medication routines by conveying significant data about the product. Moreover, the demand for child-proof blister packaging is also gaining traction. This in turn, will encourage pharmaceutical packaging companies to develop and innovate new kinds of blister packaging.”
According to the report, one of the major drivers for this market is increasing demand for disposable medical products. Disposable medical products including face masks, gloves, surgical sponges, suction catheters, wraps and bandages, syringes, and applicators are manufactured for one-time use and help in the reduction of cross-contamination risks. It has been observed that the market for these products will register a revenue of around USD 250 billion by 2018. This in turn, will drive the demand for plastic resins as they are extensively used as raw materials in the manufacture of medical disposables. Consequently, the demand for rigid packaging for these products will also increase. The rising application of prefilled inhalers and transdermal patches will further boost the demand for medical disposables and rigid plastic packaging.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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