Oral Solid Packaging Market Hold Striking Growth Opportunities in the Near Future

  • 17 Apr 2019

High demand for generic oral solid drugs like mini-tablets and orally disintegrating tablets, greater investments in R&D related to pharmaceutical packaging, use of automation and advanced technology in pharmaceutical packaging sector, rise in use of nano-enabled packaging, regulatory compliance to protect the potency of drugs and enhance shelf-life are few factors driving the oral solid packaging market. Outsourcing of oral solid packaging is prevalent in the current market as the pharma industry needs better life cycle management strategies, multilayer drug delivery, etc. while they focus on discovering improved drugs.
Above factors portray certainly promising CAGR and revenue opportunities in the global oral solid packaging market during the forecast period of 2019-2026.
However, the need for cost-effective oral solid packaging process optimization, stringent regulatory norms set by governments, shortage of oral solid packaging solutions that can be priced and implemented equally for small scale and large scale manufacturers continue to inhibit the growth of oral solid packaging market.

Global Oral Solid Packaging Market Trends

•    Accentuation on continuous manufacturing, operational efficiency and batch optimization techniques
•    Technological advancements in drug delivery system to ensure error-free dosage
•    Serialization compliance for product tracking purposes
•    High adoption of blow-fill-seal technology
•    Demand for bio-friendly sustainable packaging
•    Increased focus on the quality and integrity of packaging to avoid      adverse interactions with the drug at a molecular level

Global Oral Solid Packaging Market, by Product 

•    Bottles 
•    Blisters 
•    Labels 
•    Speciality Bags
Bottles are the largest segment with continuous demand as a primary product type for solid oral packaging. This product segment is anticipated to remain in ever-rising demand during the forecast period. Blisters segment will pose tough competition as trial-and-error blister packaging research show positive estimates to cut down the costs and time to market with adequate barrier fortification. Hence blister segment is expected to grow at a steadfast CAGR in coming years.

Global Oral Solid Packaging Market, by Region 

•    Europe  
•    North America  
•    APAC  
•    Latin America
•    Rest of World
Europe and North America lead in terms of revenue generation due to a larger geographic area, the high volume of investments in R&D organisations for oral solid packaging innovations, and larger pharmaceuticals base. APAC and Latin America have a high potential for robust growth due to new entrants and a large number of existing pharmaceutical manufacturers.

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

 

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth  
 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global oral solid packaging market on the basis of product, and region   
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and an overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies