MEA Pharmaceuticals Packaging Market Report, Analysis 2021 with Top-Countries Data, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast 2028
Middle East & Africa (MEA) Pharmaceutical Packaging Market is expected to exceed the market valuation of more than US$ 13,265.7 million by 2028 expanding at a reasonable CAGR of around 8% during the forecast period (2021-2028). Pharmaceutical Packaging is mainly done using drug-compatible materials to provide protection, presentation, identification, information, compliance, convenience, integrity, and stability of the product. Pharmaceutical packaging is made by using a variety of materials such as plastics & polymers, paper and paperboard, glass, aluminum foil, and others. In the African region, the technologies are creating several opportunities to leapfrog in the Healthcare Sector, as revealed by the United Nations Industrial Development Organization.
The demand for Middle East & Africa (MEA)
pharmaceutical packaging market is increasing on account of the opening of production facilities in the region,
advanced manufacturing processes, sterilized tracking, and tracing of drugs,
rising genetic drug market, emerging growth in the Drug Delivery market,
increase in R&D initiatives, and increase in the prevalence of chronic
diseases coupled with the aging population. The World Bank projects
that the U.A.E.’s population will grow from 9.4 million people in 2017 to
11.055 million by 2030.
Download
Free Sample of this Report - https://univdatos.com/request_form/form/429
The COVID-19 pandemic is causing a worldwide
concern and economic deprivation of business all over the world. There is a
mixed impact of the pandemic on the pharmaceutical packaging industry in the
MEA region, and it depends on its various end-users. Since, the start of the
COVID-19 pandemic, demand for certain packaging in the Middle East region is
very high. There is an increase in the requirement for pharmaceutical glass
packaging while the recycling industry struggles to maintain operations during
the outbreak. Some MEA pharmaceutical packaging companies are opting for
automation across their operations as it can address most of the challenges
that COVID-19 is placing in the path of smooth, safe, and cost-effective
operations.
Based on
Material Type, the market is bifurcated into Plastics & polymers, Paper and
paperboard, Glass, and Aluminum foil, and others. The demand for the plastic
& polymers segment is increasing owing to the increase in the use of PVC,
polypropylene, polycarbonate, polyethylene terephthalate, and high-thickened
polyethylene in the packaging for pharmaceutical purposes due to its
lightweight, low cost, good barrier properties, and strength. For
instance, Mpact is one of the leading plastic packaging manufacturers in
Johannesburg (southern Africa). The company collects around 624,000 tonnes of
plastic recyclables from pre-and post-consumer sources. Also, the liquid
packaging recycling plant recycles 24,000 tonnes of used liquid cartons a year,
saving 65,240 cubic meters of landfill space and 11,400 tonnes of carbon
emissions.
Request To Download Sample of this Strategic
Report - https://univdatos.com/request_form/form/429
Based on
by product type, the market is bifurcated into primary pharmaceutical packaging,
secondary pharmaceutical packaging, and tertiary pharmaceutical packaging. The
primary pharmaceutical packaging is further bifurcated into plastic bottles,
caps & closures, parenteral containers, blister packs, prefillable
inhalers, and others. The primary pharmaceutical packaging is the most
prominent section in the MEA market owing to the storage of medicines with no
damage. The secondary pharmaceutical packaging is further bifurcated into
prescription containers and pharmaceutical packaging accessories. The
components in the primary pharmaceutical packaging are in direct contact with
the product e.g., bottle vials, blisters whereas the components in the
secondary pharmaceutical packaging are not in direct contact with the product
e.g., cardboard boxes and aluminum caps. The choice of the materials used in
the primary or secondary packaging will rely on the degree of protection
required, compatibility of API (Active Pharmaceutical Ingredient) and
Excipients with the packaging material, filling method, presentation for
over-the-counter (OTC) drugs, and convenience for the user. Frank Noe
Egypt (serving the market since 1985) is the most reputed company for pharma
packaging manufacturing which has the ability of manufacturing tamper-proof packaging,
childproof tablet containers, and self-desiccant capsule packaging.
Request
for full report - https://univdatos.com/request_form/form/429
Based on
end-user, the market is bifurcated into contract packaging, pharmaceutical
manufacturing, retail pharmacy, institutional pharmacy and others. Pharmaceutical
Manufacturing is anticipated to show the highest growth in the market in the
forecast period owing to the growing focus on outsourcing the packaging
activities to save time as well as packaging costs. In April 2019,
GlaxoSmithKline (GSK) announced its partnership with Neopharma to localize its
Secondary Packaging stage (the last phase of the manufacturing process) before
distribution and sale. This partnership reduced the manufacturing process time
to only three months, offering UAE patients faster access to the widely
prescribed medicines.
For a better understanding of the market adoption of Pharmaceutical
Packaging in the Middle East and Africa region, detailed country-level analysis
is conducted for major countries including (UAE, Saudi Arabia, Qatar, Turkey,
Egypt, South Africa, Nigeria, and the Rest of the Middle East and Africa). The Saudi
Arabia subsegment is expected to dominate the market in the upcoming period
owing to the changing population dynamics, rising prevalence of non-communal
diseases such as cardiovascular disease, cancer, diabetes, and several
initiatives taken by the government in the region. Sunpack Packaging
Systems (FZC), incorporated in the Sharjah airport International in UAE is
engaged in the plastic container manufacturing business by acquisition of 89%
of the shares in ‘Sunpack’ for manufacturing pharmaceutical packaging products
in 2019.
Request for Sample of the report browses
through - https://univdatos.com/request_form/form/429
Some of the major players operating in the market include CCL
Industries Inc., Intrapac Group, Rexam PLC, Schott AG, MeadWestvaco Corporation,
Nypro Inc., Aptar Group Inc., Wihuri Group, and Gerresheimer AG. Several M&As along
with partnerships have been undertaken by these players to boost their presence
in different regions.
Global Middle East & Africa (MEA) pharmaceutical
packaging market Segmentation
Market Insight, by Material Type
•
Plastics & Polymers
•
Paper and Paperboard
•
Glass
•
Aluminum Foil
•
Others
Market Insight,
by Product Type
•
Primary Pharmaceutical Packaging
o Plastic
Bottles
o Caps
& Closures
o Parenteral
Containers
o Blister
Packs
o Prefillable
Inhalers
o Others
•
Secondary Pharmaceutical
Packaging
o Prescription
Containers
o Pharmaceutical
Packaging Accessories
•
Tertiary Pharmaceutical Packaging
Market Insight, by End-User
•
Contract Packaging
•
Pharmaceutical Manufacturing
•
Retail Pharmacy
•
Institutional Pharmacy And
Others
Market Insight,
by Region
·
Middle East and Africa
o UAE
o Saudi Arabia
o Qatar
o Turkey
o Egypt
o South Africa
o
Rest of the Middle East and Africa
Top Company
Profiles
·
Amcor Ltd.
·
CCL Industries
Inc.
·
Intrapac Group
·
Schott AG
·
WestRock
·
Jabil Inc.
· West Pharmaceutical Services, Inc.
About Us:
UnivDatos Market Insights (UMI), is a passionate market
research firm and a subsidiary of Universal Data Solutions. Rigorous secondary
and primary research on the market is our USP, hence information presented in
our reports is based on facts and realistic assumptions. We have worked with
200+ global clients, including some of the fortune 500 companies. Our clientele
praises us for quality of insights, In-depth analysis, custom research
abilities and detailed market segmentation.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Ph: +91 7838604911
Labels: Pharmaceuticals Packaging Market
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home