MARKET NEWS

For the Large Number of Patients with Chronic Diseases and the Increasingly Prosperous Pharmaceutical Industry, the Adhesive Packaging Market is Becoming Wider and Wider

Adhesive packaging is mainly used in medical services to replace cumbersome medication planners and simplify the medication plan of patients. It is provided to patients on a daily or timed basis, so that patients can take medication according to the prescription of doctors, and ultimately help patients achieve the treatment goals recommended by the doctor. This can reduce hospitalizations and expensive medical interventions, and also reduce potential drug waste, thereby reducing the total cost of patients and the healthcare system.

Adhesive packaging system can be divided into unit-dose and multi-dose according to the dose. A unit-dose is a dose that can be used by adults at one time, such as injections, oral liquids for adults, but there are many multi-dose formulations that can be taken repeatedly, so the market is broad, with the market share of 65.70% in 2019. The material of the packaging is generally taken from plastic film, paper and paperboard, aluminum, and then made into blister cards or pouches. Blister card is to seal and protect irregular objects by using PVC or PET blister packaging, and then glue the blister and cardboard together to form a complete, regular and transparent packaging. This kind of packaging can ensure that the products in the blister are not polluted by the outside and the product quality is not affected. Medical blister cards are widely used, with a market share of 84.17% in 2019. In the future, with the increasing demand for medicines, the growth rate of blister card packaging will reach more than 8%, which will also drive the growth of the raw material plastic film market.

Adhesive packaging is purchased at retail pharmacies, long-term care facilities, hospitals and mail-order pharmacies. In recent years, human consumption level has been continuously upgraded, health awareness has been continuously improved, and the aging problem has intensified, so demand of patients for the pharmaceutical retail market has continued to expand. Therefore, retail pharmacies have become the largest end user of adhesive packaging, with a market share of 38.64% in 2019, while the mail-order pharmacy market is the smallest, accounting for only 6.45%.

Prospect Analysis of the Adhesive Packaging Industry in Various Regions

Due to the increase in government spending on healthcare services, North America has a dominant position in the global adhesive packaging market, with a market share of 41.80% in 2015 and a market share of 40.41% in 2019, a decrease of 1.39%. In Europe, especially Western Europe, the pharmaceutical industry is developing very rapidly, which has contributed to the growth of the pharmaceutical compliance packaging market. Due to consumer preference, the adhesive packaging market in the Asia-Pacific region is growing steadily. Therefore, in 2019, Europe and the Asia-Pacific region ranked second and third with 28.43% and 24.23% of the market share. Due to the underdeveloped and relatively backward pharmaceutical industries in the Middle East, Africa and Latin America, their market growth has been slow, with market shares of only 3.19% and 3.74% in 2019. For Asia-Pacific, Middle East, and Latin America, with the improvement of medical conditions and economic development in the future, the adhesive packaging market has huge potential.

Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/762760-adherence-packaging-market-report.html

In the past ten years, countries in the world have raised tariffs one after another in order to increase national fiscal revenue. Among them, the trade war between China and the United States is very fierce, increasing the cost of adhesive packaging, thereby reducing the profitability of the adhesive packaging industry. Adhesive packaging has also been affected by the new crown pneumonia epidemic in the past two years, and the overall efficiency has declined.

Adherence Packaging companies are mainly from North America; the industry concentrate rate is moderate. The top three companies are WestRock, Cardinal Health, Inc and Mckesson Corporation with the revenue market share of 20.09%, 16.10% and 13.80% in 2019.

The Adhesive Packaging Market is Gradually Expanding, with Increasing Downstream Demand

With long lasting and slow development, chronic diseases has been currently the leading cause of death in the world, accounting for 63% of the total deaths. Patients with chronic diseases such as high blood pressure, diabetes, and heart disease must always follow a drug treatment plan to prevent recurrence or re-hospitalization. However, for patients, communication skills, motivation, socioeconomic status, and the complexity of the medication regimen may cause the patient to not adhere to treatment. Therefore, helping patients understand the correct drug treatment is conducive to solving the problem of non-compliance, which it also provides an important impetus for the development of the adhesive packaging market. Effective pharmaceutical packaging can also facilitate patients to take on time, reduce drug overdose and drug shortage, and facilitate medical service organizations to fully understand the situation of patients, thereby promoting the growth of the adhesive packaging market. In addition, factors such as increasing demand to reduce drug waste and technological advancements such as remote dispensing systems are driving market growth.

The total value of the global adhesion packaging market in 2015 was US$681.00 million, and it will increase to US$824.16 million in 2020. In recent years, with the rapid economic development, the improvement of personal living standards, and the increasing emphasis on medical care has promoted the growth of adhesive packaging. In addition, the increasing aging of the population and poor living habits in various countries have significantly increased the prevalence of people, so the downstream demand for adhesive packaging has increased. Therefore, we predict that by 2025, the total value of the global adhesive packaging market will reach 1308.97 million USD.

With the increasing trend of consumer self-purchase, the pharmaceutical industry has become more and more prosperous, and the adhesive packaging market has become wider and wider. Technological innovation plays an important role in promoting market growth. In order to survive in a highly competitive market, suppliers should develop new ideas and technologies and keep pace with advanced technologies.

Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/762760-adherence-packaging-market-report.html