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RNCOS White Paper: Indian Pharmaceutical Packaging Industry

Nov 11, 2014

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The Pharmaceutical packaging industry in India is continuously advancing and has undergone significant annual growth in the past few years. The industry is moving up at a rapid pace with various growth drivers such as establishment of numerous product manufacturing and processing industries coming up at a larger level. As per RNCOS analysis, the market size of Pharmaceutical packaging industry in India was valued at US$ 1.7 Billion in 2013 which is anticipated to grow at a CAGR of around 13% during 2014-2018.
 
Pointing out the potential of this industry, Shushmul Maheshwari, CEO - RNCOS said, “Substantial growth in pharmaceutical industry specially in over the counters (OTC) and generic drugs, rising number of pharmaceutical product processing units and inclining awareness about pharmaceutical quality and safety will drive the pharmaceutical packaging business in India”. He further added, “Primary packaging which includes blister packs, vials and ampoules, injectables and plastic bottles is contributing significantly in the total revenue of the industry”.
 
Our analysis suggests that rising demand for blister packs especially the new child resistant blister and the increasing trend of flexible packaging majorly for food supplements will intensify the growth of pharmaceutical packaging industry in India in future. Besides this, the substantial growth in the pharmaceutical packaging market is expected to come from pre-fill syringes which will continue to expand as advances in biotechnology lead to the introduction of new therapies that must be injected. Thus, it will bolster the industry in the coming five years till 2018.
 
RNCOS acts as your growth partner in all your business endeavors, be it product launching, geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help make your business flourish by studying the market dynamics, collating with you business and devising the right strategies.
 
To get a complimentary copy of the white paper, please visit:
http://www.rncos.com/askforwhitepaper.php?xrt=38


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