Canisters Market: A Deep Analysis of Current and Future Investments to Receive Overwhelming Hike in Revenues by 2023
The "Worldwide Canisters Market Research Report 2018" is The Most Recent Analysis Which Helps the User to Build Successful Business Methodologies.
Global Canisters Market - Overview
Canisters are small, rigid, cylindrical containers filled with hygroscopic substance such as clay, silica gel, activated carbon. These materials are used as drying agents to control moisture and odours. It is a plastic container made up of polyethylene material.
There are numerous pharmaceuticals packaging materials such as pillow pak, unit pak, vials among others, canisters are growing on a growing demand.
The major reason for their wide use in pharmaceutical packaging is its rigid structure with the ease to keep and maintain which is becoming the major reason of its acceptance in household sectors.
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These desiccant canisters are considered non-toxic. In addition, these canisters are FDA CFR 21 approved and considered safe to use in direct contact with food or pharmaceuticals.
Plastic is the most preferred packaging material as it is available in a variety of grades, has significant barrier properties, is chemically inert, and can be used to create attractive packages with aesthetic appeal, which helps in the marketing and promotional activities for the drug.
The grades of plastic used for packaging include PE, PP, polyolefin, PET, and PVC. Canisters are also developed from Polyethylene material.
Canisters are being used in various applications such as pharmaceuticals, nutraceuticals, chemicals, retail industries. Various industries use canisters on the basis of its configuration. For instance, pharmaceuticals use canisters of configuration 0.5-1 gm. on major basis whereas chemicals are using 1 gm. - 2gm. canisters mostly.
The major growth factors of global canisters market include rise in contract manufacturing, the flourishing pharmaceutical industry, and the rising awareness about the benefits of canisters among global consumers.
The global pharmaceutical packaging market is expected to grow with a CAGR of more than 7% during the forecasted period.
Global Canisters Market - Industry updates
Nov, 2017 Clariant, a world leader in specialty chemicals announced announced in year 2015 its plans to invest CHF 10 million in a new Healthcare Packaging manufacturing plant in Cuddalore in Tamil Nadu State, located about 25 km from the city of Pondicherry.
The plant will manufacture Clariant's market-leading moisture control products to support the growing pharmaceutical packaging market in India. This production unit will enhance the customer base in Asia Pacific and gain market prominence in this region.
Oct, 2017 Clariant Healthcare launched the novel Oxy-Guard bottles that has the ability to extend shelf life of oxygen- and moisture-sensitive probiotics.
Global Canisters Market – Regional:
Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.
North America is dominating the canisters market. Factors such as advancement in manufacturing processes and technological innovation, growing demand for drug delivery devices & blister packaging, contribution of nanotechnology to the pharmaceutical packaging market, and implementation of new health law in the U.S. are driving the growth of the market.
US is the leader market amongst other countries such as Canada, Mexico among others. Europe is the second largest global market for pharmaceutical dessicant canisters
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Some Points form TOC for Canisters Market Research Report – Forecast to 2023
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
…Continued
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