Market Share of Asia Pacific Pharmaceutical Packaging Industry
The Asia-Pacific pharmaceutical packaging market is competitive, with many regional and global players. Some major players are Amcor Ltd, West Pharmaceutical Services Inc., West Pharmaceutical Services Inc., CCL Industries Inc., and NIPRO Corporation. Companies are increasing their market share by launching new products and expanding production units. Some of the recent developments are:
- January 2024: Loop Industries Inc., a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, and Bormioli Pharma, an international player in pharmaceutical packaging and medical devices, launched an innovative pharmaceutical packaging bottle manufactured with 100% recycled virgin quality Loop PET resin.
- June 2023: CIncorporated partnered with SGD Pharma to establish a state-of-the-art facility for producing pharmaceutical packaging glass in Telangana. It was reported that the two companies would collectively invest more than INR 500 crore in setting up this facility. This collaboration with Corning is a significant move in advancing converting technology within the pharmaceutical sector and ensuring a robust supply chain. By working together, these companies aim to assist pharmaceutical manufacturers in addressing the growing challenges related to capacity and quality, as well as meeting the rising global demand for essential medications.
Asia Pacific Pharmaceutical Packaging Market Leaders
-
Amcor Ltd.
-
West Pharmaceutical Services, Inc.
-
Gerresheimer AG
-
CCL Industries Inc.
-
NIPRO Corporation
*Disclaimer: Major Players sorted in no particular order
