Single dose packaging was a result of constant innovation in the packaging industry and was initially developed to provide patients with safe and effective dispense of their medication. This form of packaging was considered safest, as there was no threat of refilling the prescription and it also reduced the cases of misdoses. These advantages together with changing lifestyle and increasing dominance of the modern style culture resulted in expanded applications for this product. Further, the convenience and portability features associated with this form of packaging also triggers the growth in demand for single dose packaging market.
Single dose packaging Market Dynamics:
The growth in the single dose packaging market is primarily driven by the pharmaceutical industry. The stringent regulations in pharmaceutical industry related to product safety is expected to fuel the growth in demand for the single dose packaging market. Other factors such as rising number of working singles, increasing popularity of nuclear family concept also drives the growth in the personal care and food packaging, which further elevates the growth in the single dose packaging market. Meanwhile, the contradictory requirements like hard packaging to meet the child resistant standards and also easy to open feature can restrain the growth in the single dose packaging market.
Single dose packaging Market Segmentation:
On the basis of application, the global Single dose packaging is segmented into:
- Cosmetics and Personal care
- Food and Beverages
On the basis of product type, the Single dose packaging is segmented into:
- Blister Packs
- Small Bottles
On the basis of product form, the Single dose packaging is segmented into:
Single dose packaging Market- Regional Outlook:
Geographically, the single dose packaging market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The global single dose packaging market is projected to grow at a healthy during the forecast period (2016 -2024). North America is expected to witness a strong growth in demand for single dose packaging market. Past initiatives like FDA mandate for single dose packaging in clinical trials in the U.S. due to compliance and regulations related to patient safety triggered the growth in the single dose packaging market in the U.S. Further, Asia Pacific is expected to experience the highest growth rates during the forecast period, primarily because of developing economies like India and China. The pharmaceutical, healthcare, personal care industries in these developing economies are witnessing huge growth rates because of rising young population, increasing disposable incomes, urbanization factors, which is expected to translate into healthy CAGR for single dose packaging market. Europe is expected to witness an above global average growth rates in the single dose packaging market due to rising demand in pharmaceutical industry and huge customer base for retail packaging industry.
Single dose packaging Market- Key Players:
Some of the leading players identified across the globe in the single dose packaging market are: Medi Dse, Inc., VALMATIC S.r.l., Unit Pack Co., Inc., Unither Pharmaceuticals, Mylan N.V., Ultra Seal Corporation, Unit Dose Solutions Inc., McKesson Corporation, Pacific Packaging Components Inc., Omnicell, Inc., and LF of America Corp.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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