Over the past five years, the continual outsourcing of packing and labelling services by pharmaceutical product manufacturers has greatly assisted the industry. Prior to 2009-10, the Pharmaceuticals Packing and Labelling Services industry was in decline as it faced competitive pressures from imports and dwindling demand. However, the global financial crisis prompted a wave of restructuring and costs cuts across the Australian economy, which aided the industry. Among these cuts were those to upstream manufacturers, which began to outsource non-essential operations in an effort to boost efficiencies and protect profit margins.
Industry operators provide packaging and labelling services to manufacturers and wholesalers of pharmaceutical goods on contract.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.