Pharmaceuticals Pouch Market: Overview
The packaging that is used for the pharmaceutical products should have the ability to protect the drugs from the penetration of the oxygen, moisture, chemicals, and light. Pharmaceutical pouches are used extensively in the flexible packaging of the drugs. Pharmaceutical pouches avoid the contact of the medicines not only from external environment but also from small children.
Pharmaceuticals Pouch Market: Facts
The market player, Mallinckrodt Pharmaceuticals, which is a leading global specialty pharmaceutical company, had declared that they will donate more than 60,000 drug deactivation pouches to the families present in the West Virginia in order to persuade the safe disposal of the leftover prescription pain medications.
Pharmaceuticals Pouch Market: Segmentation
The global market for the pharmaceuticals pouch is fragmented into its material type, product type, and application. On the basis of the type of the material, the global market is segregated into coated paper, aluminum, and plastic. The plastic segment is further sub-segmented into polyethylene, polyvinyl chloride, polypropylene, polyethylene terephthalate, and others. On the basis of the type of the product, the market is categorized into tamper evident pouches, high barrier pouches, breathable pouches, and non-peelable pouches. On the basis of application, the market is divided into powder, tablets/capsules, and drug delivery systems.
Pharmaceuticals Pouch Market: Growth Factors
The technological advancements that are made in the flexible packaging sector have shifted the consumer inclination towards the flexible packaging rather than using rigid packaging. In order to increase the opportunities in the market technological advancements are being made in the flexible packaging of the pharmaceutical products such as the development of the pharmaceutical pouches. The pharmaceutical pouches give advanced protection to the materials and that too with reduced requirement of the raw material. The pharmaceutical pouches have resistance to the oxygen, abrasion, chemical, and moisture thus increasing its use. With the help of the pharmaceutical pouches, the patients have the facility to take their right dosage of medicines. Owing to all these factors, the market for the pharmaceutical pouch is growing significantly. The pharmaceutical pouches have the facility of printing the prescription on the pouches thus helping the consumers to consume the prescribed drugs correctly. The factor that is limiting the growth of the market is the pouches are inefficient for the liquid medications.
Pharmaceuticals Pouch Market: Regional Analysis
The developed regions such as the North America and Western Europe are dominating the pharmaceuticals pouch market owing to the maximum share that they hold in the global market. Asia Pacific region is a highly populated region thus there are many untapped opportunities in this region which is positively impacting the growth of the market. The demand for the pharmaceuticals pouch is moderate in the Latin America and Eastern Europe. The market is growing at a good speed in the Middle East and Africa region.
Pharmaceuticals Pouch Market: Competitive Players
The key market players that are involved in the pharmaceuticals pouch market include Bemis Company, Inc., GFR Pharma, Nelipak Corporation, B. Braun Medical Ltd., American FlexPack, Inc., Champion Plastics, Dongguan Hehui Packaging Materials Co., Ltd., Shenzhen Yongliantai Plastic Bag Co., Ltd., Shanghai Wei Hang Printing Co., Ltd., Ampac Holdings, LLC, Qed Kares Packers Private Limited, Glenroy, Inc., Oliver Healthcare Packaging, LLC, Amcor Limited, Maco PKG, Rushan Wufeng Silica Gel Co., Ltd., Qingdao Huakang Plastic Packaging Co., Ltd., and Shandong Mingda Packing Product Co., Ltd.
Pharmaceuticals Pouch Market: Regional Segment Analysis
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