Market Trends of Europe Pharmaceutical Packaging Industry
Sustainable packaging materials to drive the market growth
- The pharmaceuticals industry is known to be a significant global polluter as it is responsible for generating the greenhouse gas emissions, i.e., 55% greater than that of the gas emitted by the automotive industry owing to the growing number of regulations and compliance such as the Paris agreement added with raising concern of people against the non-recyclable packaging materials is enabling the manufacturers to switch to sustainable materials.
- Also, Most of the R&D efforts by Europe's pharma packaging companies concerning drug dispensing systems are focused on factors such as sustainability, increasing compliance, and child safety considerations, among others.
- For instance, major players such as Ramaco Siebler, Huhtamaki announced their plans to launch a range of recyclable unit dose packaging for reliable pharmaceutical products to be made from recyclable material such as polyolefin laminate. The packaging component is expected to be made from 90% of either polypropylene or polyethylene, with more than 70% of the product would be recycled. Also, the companies have significantly reduced their emissions over the years.
- Furthermore, In February 2020, Natupharma A/S, based in Europe, developed a novel completely recyclable, biodegradable plastic packaging solution made of plastic additive and sugarcane, which is aimed to be used in the pharmaceutical industry owing to its biodegradability nature that does not alter the product' shelf life.
- Evidently, It is expected that pharma packaging will shift towards more sustainable materials by moving away from plastic, which the industry traditionally has been heavily dependent on for design and manufacturing. Also, the industry would continue the application of polyethylene terephthalate (PET) owing to its capability of breaking down its molecular level back into PET.
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Germany to hold major market share
- Germany is expected to hold a significant market share in the region owing to factors such as its significant contribution in the European pharmaceutical & packaging industry, the presence of a few prominent vendors in the region, including Gerresheimer AG and Schott AG, among others, and also being one of the largest producers of chemicals and plastics in the region.
- For instance, According to the research conducted by CPhI Worldwide, Germany ranks as Europe's preeminent pharma industry as per the data drawn from CPhl Annual report and opinions from over 350 global pharma companies. Also, the results consolidate Germany as an elite pharmaceutical market.
- Owing to such instances, the Prominent vendors in the region have started to invest in the region to maintain their strategic position in the market. For instance, In February 2020, Schott AG announced its plan for expansion by building a new production plant at its existing site in Müllheim, Germany, to meet the increasing demand for pre-fillable sterile polymer syringes are used in intravenous therapies and highly viscous medications. The construction is expected to be completed by the end of 2021.
- The plant will help the company leverage the rising demand for pharmaceutical packaging made out of high-end polymer and is expected to enhance Schott AG's position in the pharmaceutical market in the near future. Also, In April 2020, the company further announced its plan to expand its pharmaceutical packaging business by investing USD 1 billion until the year 2025.
- Moreover, the pharmaceutical and medical device industries are highly regulated and have been emphasizing the safety and sustainability aspects of manufacturing and packaging processes. The development of better and more advanced healthcare infrastructure, coupled with the growth of pharmaceutical companies through alliances and partnerships, is set to boost the growth of the packaging market.
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