The global healthcare packaging market has undergone significant transformation in the past few years. Rise in consumer expectations has compelled pharmaceutical tablet packaging manufacturers to innovate and produce packaging solutions which are considered desirable in today’s world. The characteristics of an ideal pharmaceutical tablet packaging solution are – easy dispensing, child resistance, hermetic seal, and consumer friendliness (especially senior consumers), among others.
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Pharmaceutical tablets consumption has registered solid growth in the last decade, with growing preference for small sized packs. There are two key types of pharmaceutical tablet packaging – strip packaging and bottle packaging. Some of the features that increase preference for a packaging solution among consumers are – high product integrity, low possibility of accidental misuse, patient compliance, and product protection. Manufacturers of pharmaceutical tablets packaging solutions emphasize on tamper evident packaging solutions. The global pharmaceutical tablets packaging market is expected to witness a positive outlook, during the forecast period.
Global pharmaceutical tablets packaging market: Dynamics
There are several factors that are anticipated to drive the growth of the global pharmaceutical tablets packaging market during the forecast period. Increasing demand for pharmaceutical tablets is expected to positively impact the growth of the global pharmaceutical tablets packaging market. Key pharmaceutical tablets packaging manufacturers emphasize on consumer convenience. The demand for tamper evident packaging solutions, which have key information such as – dosage information, expiry dates, and other information, printed on them, is expected to drive the global pharmaceutical tablets packaging market during the forecast period. The global pharmaceutical tablets production output has been increasing steadily, fuelling the need for mass-production of materials. The advantage that pharmaceuticals companies have with generic and over-the-counter products is faster production, which results in more sales, and overall per unit production cost. Therefore, tablet consumption has enjoyed growth across the world. The same trend is expected to bolster the growth of the global pharmaceutical tablets packaging market, over the forecast period.
Despite the positive outlook, there are certain factors, which might affect the growth rate of the global pharmaceutical tablets packaging market. The pharmaceutical tablets packaging market is subject to disruption by technological advancements in drug delivery.
The North America pharmaceutical tablets packaging market is expected to lead the global pharmaceutical tablets packaging market during the forecast period. This is attributed to the high volume of over-the-counter products, in the United Sates alone. The Asia Pacific excluding Japan pharmaceutical tablets packaging market is expected to closely follow the North America pharmaceutical tablets packaging market, owing to the increased government efforts to enhance production of tablets in countries such as China and India. This is expected to generate a sizeable demand for pharmaceutical tablet packaging solutions in the region. The Middle East region is also expected to contribute to the growth of the global pharmaceutical tablets packaging market. The Japan pharmaceutical tablets packaging market is expected to witness sluggish growth over the forecast period, due to high market saturation. However, in terms of packaging penetration, it is anticipated to score more than the Asia Pacific region.
Few of the key players operating in the global pharmaceutical tablets packaging market are – Amcor Ltd., Voges kunststof verpakkingen, and Uflex Ltd., among others.