Clearly labeled: An aging population and broader health coverage will benefit the industry

Growing use of drug therapies, an aging American population and expanded access to healthcare have stimulated demand for pharmaceuticals over the five years to 2018, bolstering demand for industry services. As a result of these trends, industry revenue is expected to rise an annualized 3.1% to $746.0 million over the five years to 2018, including an increase of 4.2% projected in 2018 alone. High demand for pharmaceuticals will likely sustain industry growth over the five years to 2023. The medical needs of an aging population will continue to raise demand from pharmaceutical manufacturers...purchase to read more.

Industry Statistics & Market Size
Revenue
$746m
Annual Growth 13-18
3.1%
Forecast Growth 18-23
Profit
Employment
4,230
Businesses
162
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Favorable demographic trends and increased use of drug therapies have caused the industry to exhibit fairly consistent growth
  • Outsourcing of services has been growing across all phases of the value chain
  • An aging population will contribute to increased research and development expenditure
  • Industry Report - Starting a New Business Chapter

    The Pharmaceuticals Packing and Labeling Services industry has high barriers to entry due to the significant level of regulation pertaining to the pharmaceutical sector and the difficulty in obtaining new industry contracts. Developing contracts and business relationships can take time and often depends on the two parties' needs; new entrants into the market will experience significant difficulty in gaining the trust and business of pharmaceutical manufacturers, as proper packaging and labeling of drugs is critical for their distribution and sale. Additionally, industry participants need to be registered with the Food and Drug Administration and pass the necessary quality control processes, which can necessitate a significant amount of industry expertise. Las...purchase to read more.

    Additional Insights for the Pharmaceuticals Packing & Labeling Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pharmaceuticals Packing & Labeling Services Industry are

  • Ability to manage external (outsourcing) contracts
  • Ability to alter processes for different clients
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Demand from brand name pharmaceutical manufacturing in the Pharmaceuticals Packing & Labeling Services industry impact industry performance..

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    What's in this report

    What is the Pharmaceuticals Packing & Labeling Services Industry?

    This industry provides packing and labeling services for prescription and over-the-counter pharmaceuticals, biologics, consumer health and veterinary products. Industry services may include packaging into blisters, bottles, pouches and unit doses, specialty vial or syringe labeling and kitting for injectables. Secondary packaging services (e.g. putting a bottle of tablets into a box, putting blister packs into a carton) are also included in the industry.

    Industry Products
  • Packaging services
  • Labeling services
  • Other services
  • Industry Activities
  • Packaging services
  • Labeling services
  • Other services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Demand from brand name pharmaceutical manufacturing
  • Outsourcing for the Packaging and Labeling Services industry
  • Demand from generic pharmaceutical manufacturing
  • Number of physician visits

  • Current Performance
  • High demand for drugs
  • Outsourcing industry services
  • Rising regulations
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing demand
  • Industry profit
  • Regulatory uncertainty
  • Table: Pharmaceuticals Packing & Labeling Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pharmaceuticals Packing & Labeling Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Pharmacies & Drug Stores
  • Hospitals
  • Colleges & Universities

  • Key Selling Industries
  • Cardboard Box & Container Manufacturing
  • Glass Product Manufacturing
  • Plastic Bottle Manufacturing

  • Products & Services
  • Packaging services
  • Other services
  • Labeling services
  • Chart: Pharmaceuticals Packing & Labeling Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Brand name pharmaceutical manufacturing
  • Generic pharmaceutical manufacturing
  • Retail and institutional pharmacies
  • Chart: Major Market Segmentation for the Pharmaceuticals Packing & Labeling Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Pharmaceuticals Packing & Labeling Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pharmaceuticals Packing & Labeling Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pharmaceuticals Packing & Labeling Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pharmaceuticals Packing & Labeling Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of physician visits (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ampuls
  • Small glass vials that are sealed after filling and used chiefly as a container for a hypodermic injection solution.
  • Biologic
  • A drug made from large-molecule living matter, as opposed to small-molecule chemicals.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Pharmaceuticals Packing & Labeling Services can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pharmaceuticals Packing & Labeling Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pharmaceuticals Packing & Labeling Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pharmaceuticals Packing & Labeling Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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