In Terms of Consumption, Glass Segment Dominates the Global Pharmaceutical Cartridges Market: Transparency Market Research
Transparency Market Research (TMR) delivers key insights on the global pharmaceutical cartridges market in its published report, titled “Global Pharmaceutical Cartridges: Global Industry Opportunity Assessment, 2018 - 2026”. In terms of revenue, the global pharmaceutical cartridges market is estimated to expand at a CAGR of 3.2% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.
The global market for pharmaceutical cartridges is segmented by material type and capacity type. On the basis of material type, the global pharmaceutical cartridges market is segmented into glass and plastic. The glass segment is further segmented into Type I, Type II, and Type III glass type. The plastic segment is segmented into cyclic olefin copolymer (COC), cyclic olefin polymer (COP), polyethylene (PE) and polypropylene (PP).
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On the basis of capacity type, the global pharmaceutical cartridges market is segmented into below 5ml, 5-50ml, 50-250ml and above 250ml capacity.
This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that could prove substantially useful for value chain business partners looking to enter the Pharmaceutical Glass Packaging market.
The North America pharmaceutical cartridges market includes country-level analysis for the U.S. and Canada. The U.S. pharmaceutical cartridges market is projected to witness a growth of 1.2x over the forecast period.
The Latin America pharmaceutical cartridges market includes country-level analysis for Brazil, Mexico, Argentina, and Rest of Latin America. The Brazil pharmaceutical cartridges market is expected to expand at a CAGR of 4.3% by the 2026 end. The Mexico pharmaceutical cartridges market is anticipated to represent highest incremental $ increase during the forecast period.
The Middle East and Africa (MEA) pharmaceutical cartridges market includes country-level analysis for GCC, South Africa, North Africa and Rest of MEA pharmaceutical cartridges market. The growth of the MEA region is particularly expected to be driven due to increasing number of pharmaceutical companies in the region. The government in various the African nation are majorly focusing on pharmaceutical industry. They have imposed various norms that restricts the import of pharmaceutical drugs from other region of world. This factor encourages global pharmaceutical drug manufacturers to expand their footprints and establish their plant in the region and also results in creating demand for the pharmaceutical packaging products. The pharmaceutical industry in the Africa region is expected to be more than US$ 35 billion in the year 2019, and is expected to create demand for the pharmaceutical packaging products in the region.
The APEJ pharmaceutical cartridges market includes country-level analysis for China, India, Japan, ASEAN, South Korea, Australia & New Zealand and Rest of APEJ. The APEJ pharmaceutical cartridges market represents the most lucrative geographic region. In the region, China leads in terms of both production and consumption of pharmaceutical cartridges. Also, India and ASEAN countries represent substantial total incremental opportunity during the forecast period. The global manufacturers are capitalizing on increasing healthcare expenditure in the Asia Pacific region.
In this report, we have discussed individual strategies followed by companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.
Key players operating in the global market for pharmaceutical cartridges include Schott AG, Gerresheimer AG, West Pharmaceutical Services, Inc., Stevanato Group, SGD Pharma, Baxter Healthcare Corporation, Sigma-Aldrich Corporation, Pierrel group and Transcoject Gmb
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