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Pharmaceutical Cartridges Market by Material Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71634
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The pharmaceutical cartridges market share is expected to increase by USD 624.72 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.75%. 

This pharmaceutical cartridges market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pharmaceutical cartridges market segmentation by material type (glass and plastic) and geography (North America, Europe, Asia, and ROW). The pharmaceutical cartridges market report also offers information on several market vendors, including AptarGroup Inc., Baxter International Inc., Gerresheimer AG, Maquinaria Industrial Dara SL, Merck KGaA, Nipro Pharma Packaging International NV, SCHOTT AG, Stevanato Group S.p.A, Transcoject GmbH, and West Pharmaceutical Services Inc. among others.

What will the Pharmaceutical Cartridges Market Size be During the Forecast Period?

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Pharmaceutical Cartridges Market: Key Drivers and Challenges

The increase in R&D spending in the pharmaceutical industry is notably driving the pharmaceutical cartridges market growth, although factors such as stringent regulations for pharmaceutical packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pharmaceutical cartridges industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pharmaceutical Cartridges Market Driver

One of the key factors driving growth in the pharmaceutical cartridges market is the increase in R&D spending in the pharmaceutical industry. On average, a pharmaceutical company spends around 15-20% of its revenue for R&D purposes. Increased R&D spending by pharmaceutical manufacturers is expected to increase the number of pharmaceutical products in the market, thereby driving the demand for pharmaceutical cartridges. By outsourcing glass packaging operations to third-party players, pharmaceutical manufacturers can reduce their capital expenditure and operating cost associated with the purchase of glass packaging machinery, space for setting up a glass packaging unit, and labor costs. Hence, the rising R&D spending by pharmaceutical manufacturers is expected to increase the demand for pharmaceutical cartridges.

Key Pharmaceutical Cartridges Market Challenge

The stringent regulations for pharmaceutical packaging will be a major challenge for the pharmaceutical cartridges market during the forecast period. Vendors of packaging materials catering to pharmaceutical packaging need to get many approvals for their products. This is to eliminate the chances of adulteration of pharmaceutical products. The adulteration could happen due to the direct contact of the packaging material with the medicines. All flexible packaging materials used in pharmaceutical packaging must be supported by a Certificate of Analysis (COA) or Certificate of Certification (COC) from the supplier. The processes of certification check each packaging materials' environmental impacts during their use and after disposal. To reduce packaging waste, many governments have commissioned various regulations. These regulations across countries make the vendors of the global pharmaceutical cartridges market incur additional operating expenses.

This pharmaceutical cartridges market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Pharmaceutical Cartridges Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AptarGroup Inc.
  • Baxter International Inc.
  • Gerresheimer AG
  • Maquinaria Industrial Dara SL
  • Merck KGaA
  • Nipro Pharma Packaging International NV
  • SCHOTT AG
  • Stevanato Group S.p.A
  • Transcoject GmbH
  • West Pharmaceutical Services Inc.

 

This statistical study of the pharmaceutical cartridges market encompasses successful business strategies deployed by the key vendors. The pharmaceutical cartridges market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pharmaceutical cartridges market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Pharmaceutical Cartridges Market?

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36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for pharmaceutical cartridges in North America. However, the market growth rate in this region will be slower than the growth of the market in the European and Asian regions.

The growing value of the US pharmaceutical exports, increasing healthcare spending, and rising aging population will facilitate the pharmaceutical cartridges market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Material Type Segments in the Pharmaceutical Cartridges Market?

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The pharmaceutical cartridges market share growth by the glass segment will be significant during the forecast period. The rising use and demand for antibody drugs are expected to increase the need for glass cartridges.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pharmaceutical cartridges market size and actionable market insights on post COVID-19 impact on each segment.

 

Pharmaceutical Cartridges Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.75%

Market growth 2022-2026

$ 624.72 million

Market structure

Fragmented

YoY growth (%)

5.71

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, Canada, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AptarGroup Inc., Baxter International Inc., Gerresheimer AG, Maquinaria Industrial Dara SL, Merck KGaA, Nipro Pharma Packaging International NV, SCHOTT AG, Stevanato Group S.p.A, Transcoject GmbH, and West Pharmaceutical Services Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Pharmaceutical Cartridges Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive pharmaceutical cartridges market growth during the next five years
  • Precise estimation of the pharmaceutical cartridges market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pharmaceutical cartridges industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pharmaceutical cartridges market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Material type

  • Market segments
  • Comparison by Material type
  • Glass - Market size and forecast 2021-2026
  • Plastic - Market size and forecast 2021-2026
  • Market opportunity by Material type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • Asia - Market size and forecast 2021-2026
  • ROW - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AptarGroup Inc.
  • Baxter International Inc.
  • Gerresheimer AG
  • Maquinaria Industrial Dara SL
  • Merck KGaA
  • SCHOTT AG
  • Stevanato Group S.p.A
  • Transcoject GmbH
  • West Pharmaceutical Services Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The pharmaceutical cartridges market growth will increase by $624.72 million during 2021-2026.
The pharmaceutical cartridges market is expected to grow at a CAGR of 7.75% during 2021-2026.
Technavio has segmented the pharmaceutical cartridges market by other1 (Glass and Plastic) and geographic (North America, Europe, Asia, and ROW).
AptarGroup Inc., Baxter International Inc., Gerresheimer AG, Maquinaria Industrial Dara SL, Merck KGaA, Nipro Pharma Packaging International NV, SCHOTT AG, Stevanato Group S.p.A, Transcoject GmbH, West Pharmaceutical Services Inc. are a few of the key vendors in the pharmaceutical cartridges market.
North America will register the highest growth rate of 36.17% among the other regions. Therefore, the pharmaceutical cartridges market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the pharmaceutical cartridges market growth are:
  • Increase in R&D spending in the pharmaceutical industry
The pharmaceutical cartridges market vendors should focus on grabbing business opportunities from the glass segment as it accounted for the largest market share in the base year.
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