Pharmaceutical Packaging Market: Global Industry Analysis and Forecast (2024-2030)

Pharmaceutical Packaging Market was worth US$ 140.09 Bn. in 2023 and total revenue is expected to grow at a rate of 9.4 % CAGR from 2024 to 2030, reaching almost US$ 262.75 Bn.
Pharmaceutical Packaging Market Overview:
A pharmaceutical product's packaging is an essential component. Packaging is frequently used in the dispensing, dosing, and administration of pharmaceutical products. Proper use communication and warning labels are also regulated. Primary, secondary, and tertiary packaging is the three Materials of packaging available for pharmaceutical products. The material that surrounds the pharmaceutical product is known as primary drug packaging, while secondary and tertiary packaging gives extra external protection. One of the most important roles of packaging is to protect products from the harmful impacts of the outside world. Because many formulations become unstable when exposed to air, moisture, or light, these variables must be avoided in order for medicines to stay effective and safe.To know about the Research Methodology :- Request Free Sample Report
Pharmaceutical Packaging Market Dynamics:
In emerging economies, the pharmaceutical sector is rapidly expanding. The industry has experienced fast expansion as a result of advanced manufacturing techniques, technical advances, and more company integration. The pharmaceutical packaging market is being driven by the pharmaceutical industry's growth. Emerging economies like Brazil, Russia, India, and China are predicted to develop the fastest. The market in these nations is developing due to rising income levels and increased knowledge of the benefits of good healthcare systems and better lifestyles. This increase is also driven by a large population and demographic variables such as an increasing young population and longer life expectancy.

Pharmaceutical packaging continues to be in high demand as the pharmaceutical business expands. The high cost of manufacturing, on the other hand, is likely to stifle its expansion. Packaging suppliers are required to put more effort into streamlining their manufacturing process and producing error-free packaging products due to the need for longer shelf-life and to comply with regulators such as the US Food and Drug Administration (FDA), the European Medicines Agency (EMA), and the Heads of Medicines Agencies have established strict safety criteria (HMA).Pharmacopeia criteria must be followed while packaging pharmaceutical items.

Products that come into direct contact with the medicine or drug are referred to as primary pharmaceutical packaging. This segment covers plastic bottles, glass bottles, pre-filled syringes, pre-filled inhalers, medication tubes, blister packaging, and other things. Pre-fillable syringes and pre-fillable inhalers are the main drivers of this segment's growth. Plastic bottles, blister packs, ampoules, and vials are only a few of the key pharmaceutical packaging options that are continually expanding. The primary packaging segment will be driven by advances in biotechnology, which will result in the introduction of new injectable parenteral medicines, as well as increased need for high visibility unit dose packaging for diseases like diabetes.

Counterfeit medications are created with the improper chemicals in the wrong amounts, resulting in dangerous side effects such as allergic responses or even death if taken. Developing economies such as China, the Philippines, and Vietnam account for over half of all counterfeit drug reports. Due to long product development cycles and expenditures, delays in the clearance of new pharmaceuticals and their packaging have resulted in an increase in the availability of counterfeit drugs and phone packaging. These counterfeit products cause allergic responses, nausea, vomiting, and other unpleasant side effects in humans. Counterfeit product protection is a big concern for the secret service.
Pharmaceutical Packaging Market Segment Analysis:
Based on Material, the market is sub-segmented into Plastic, PVC, Polyethylene, Polyester, Polypropylene, and Others. Plastics and polymers had the biggest revenue share in 2023, accounting for 37.1 %. Pharmaceutical vials, bottles, closures, syringes, pouches, sachets, cartridges, tubes, and blister packs are made from a variety of plastic resins, including PE, PET, PP, PVC, PS, and bioplastic. In 2023, polypropylene (PP) had the highest revenue share in the plastic & polymers material market, owing to its combination of advantageous mechanical, physical, electrical, and thermal qualities.

Paper and paperboard are commonly utilized in pharmaceutical secondary and tertiary packaging. Paper and paperboard are attractive secondary and tertiary packaging solutions because of their excellent printability, low cost, vast availability, and sustainability. Because paper-based materials are less expensive than aluminum lidding, they are frequently utilized as blister pack lidding. Some of the most well-known makers of paper-based packaging include International Paper and West Rock Company.
Pharmaceutical Packaging Market Regional Insights:
North America held the major share of over 40% in the market in 2023. The number of new product launches with specialized packaging needs is growing rapidly. Presence of major pharmaceutical companies such as Pfizer and Novartis is driving market growth in this region. The European market is expected to grow at a moderate pace on account of slowdown owing to regulatory pressure concerning the packaging of medicines and rising demand for anti-counterfeit packaging. China, India, and Japan are driving the demand for products in Asia Pacific on account of the presence of diverse drug industries. The region is benefitting from the presence of a large number of conglomerates manufacturing varied medicines. Growing generics manufacturing coupled with a rise in contract packaging are projected to boost market growth over the forecast period.

From 2024 to 2030, Asia Pacific is expected to grow at the fastest rate, with a CAGR of more than 12%. Growing consumer health awareness in the Asia Pacific, particularly in developing nations like as China and India, combined with rising disposable income levels are expected to drive the pharmaceutical industry's growth throughout the forecast period, boosting demand for its packaging. Due to increased government efforts such as Healthy China 2023, significant contract manufacturing activities, and a rapidly ageing population, China dominated the Asia Pacific regional market in 2023 and will continue to do so in the succeeding decades.

Objective of the report is to present a comprehensive analysis of the Global Pharmaceutical Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Pharmaceutical Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Pharmaceutical Packaging market make the report investor’s guide
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Pharmaceutical Packaging Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 140.09 Bn.


Forecast Period 2024 to 2030 CAGR:
9.4%
Market Size in 2030:
US $ 262.75 Bn.


 Segments Covered:
by Material
Plastic
Glass
Paper
Others


by Type
Ampules
Blister Packs
Bottles (Rigid)
Canisters
Cartridges
IV Bags
Mini-jars
Pouches
Caps & Closures
Tubes
Vials
Sachets
Medical Specialty bags
Others


by End Use
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy



Pharmaceutical Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Pharmaceutical Packaging Market Key Player
1. Westrock and Catalent Pharm Solutions Inc
2. Anchor Packaging
3. Ball Corporation
4. 3M
5. Sealed Air Corporation
6. Baxter International Inc.
7. Centor and Lilly (Eli) Company
8. Unilife Corporation
9. Exporta Global
10. Plastube Inc.
11.  Gerresheimer
12. Berry Plastics Corporation,
13. Becton Dickinson and Company
14. MeadWestvaco Corporation
15. West Pharmaceuticals Services Inc
16. Owens-Illinois
17. RPC Group
18. Schott Pharmaceuticals Services Inc.
19. Graphic Packaging Group.
20. Huhtamaki PPL Ltd
21. SGD Pharma India Ltd.
22. Uflex Limited
23. Amcor Flexibles India Pvt Ltd
24. Gerresheimer AG

Frequently Asked Questions:

1. Which region has the largest share in Global Pharmaceutical Packaging Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Pharmaceutical Packaging Market?
Ans: The Global Pharmaceutical Packaging Market is growing at a CAGR of 9.4% during forecasting period 2024-2030.

3. What is scope of the Global Pharmaceutical Packaging Market report?
Ans: Global Pharmaceutical Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Pharmaceutical Packaging Market?
Ans: The important key players in the Global Pharmaceutical Packaging Market are – Westrock and Catalent Pharm Solutions Inc, Anchor Packaging, Ball Corporation, 3M, Sealed Air Corporation, Baxter International Inc., Centor and Lilly (Eli) Company, Unilife Corporation, Exporta Global, Plastube Inc., Gerresheimer, Berry Plastics Corporation,, Becton Dickinson and Company, MeadWestvaco Corporation, West Pharmaceuticals Services Inc, Owens-Illinois, RPC Group, Schott Pharmaceuticals Services Inc., Graphic Packaging Group., Huhtamaki PPL Ltd, SGD Pharma India Ltd., Uflex Limited, Amcor Flexibles India Pvt Ltd, and Gerresheimer AG

5. What is the study period of this Market?
Ans: The Global Pharmaceutical Packaging Market is studied from 2023 to 2030.