Global Pharmaceutical Packaging Market Size By Material, By Product, By End-use, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Pharmaceutical Packaging Market Size By Material, By Product, By End-use, By Geographic Scope And Forecast
Pharmaceutical Packaging Market Size And Forecast
Pharmaceutical Packaging Market size was valued at USD 132.0 billion in 2023 and is projected to reach USD 269.9 billion by 2030, growing at a CAGR of 15.4%during the forecast period 2024-2030.
The Pharmaceutical Packaging Market encompasses the design, production, and distribution of packaging materials and solutions specifically tailored for pharmaceutical products. This market is crucial in ensuring the integrity, safety, and efficacy of medications throughout their lifecycle, from manufacturing to patient use.
Global Pharmaceutical Packaging Market Drivers
The market drivers for the Pharmaceutical Packaging Market can be influenced by various factors. These may include
Regulatory ComplianceThe need for compliant packaging solutions is driven by strict laws governing pharmaceutical packaging and labelling, such as those enforced by organisations like the Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in Europe.
Product Safety and IntegrityIt is crucial to guarantee the efficacy, safety, and integrity of pharmaceutical products. There is a great demand for packaging solutions that offer defence against contamination, moisture, light, and other environmental influences.
Growing Pharmaceutical businessThe need for pharmaceutical packaging is fueled by the rising pharmaceutical business, which is being pushed by reasons such an ageing population, a rise in the prevalence of chronic diseases, and more access to healthcare in emerging countries.
Packaging Technology InnovationsThe pharmaceutical industry is adopting packaging materials that improve user convenience, increase shelf life, and improve product safety. Examples of these materials include smart packaging, antimicrobial packaging, and child-resistant packaging.
Patient-Focused PackagingPackaging solutions that enhance drug adherence, dosage precision, and user-friendliness are becoming more and more important. Designs for packaging that target particular patient demographics—like the elderly or the blind—are becoming more and more popular.
Sustainability ConcernsThe pharmaceutical sector is experiencing a surge in demand for eco-friendly packaging solutions due to heightened awareness of environmental issues and sustainability. Pharmaceutical firms are starting to give more weight to packaging that is recyclable, biodegradable, and produces less waste.
Counterfeit MedicinesThe use of anti-counterfeiting technology, like as holograms, RFID tags, and tamper-evident packaging features, is being driven by the need to combat counterfeit medicines and ensure product identification and traceability.
Globalization and Supply Chain EfficiencyThe increasing globalisation of pharmaceutical firms has led to an emphasis on supply chain efficiency, logistics optimisation, and standardisation of packaging. These measures are necessary to guarantee regulatory compliance and consistent product quality across various countries..
Global Pharmaceutical Packaging Market Restraints
Several factors can act as restraints or challenges for the Pharmaceutical Packaging Market. These may include
Regulatory ComplianceComplying with strict guidelines and standards pertaining to pharmaceutical packaging can be difficult for producers, particularly when it comes to ensuring that safety, quality, and labelling criteria are met.
Cost of ComplianceAdhering to laws frequently necessitates spending money on specialised tools, supplies, and workflows, which raises production costs for manufacturers of pharmaceutical packaging.
Product Safety IssuesIt’s critical to guarantee the integrity and safety of pharmaceutical items during the packaging process. Any drop in package quality could result in product deterioration or contamination, which could endanger customers and have legal ramifications for producers.
Counterfeiting and TamperingBecause pharmaceuticals have a high value and can be profitable, counterfeiters and tamperers frequently target them. To safeguard their goods and keep customers’ trust, manufacturers need to make investments in tamper-evident packaging and anti-counterfeiting procedures.
Environmental SustainabilityAs people’s awareness of environmental issues has grown, so too has the pharmaceutical industry’s need for sustainable packaging solutions. Manufacturers are under pressure to use eco-friendly packaging materials, cut down on waste, and lessen their carbon footprint—all of which can come with extra expenses and logistical difficulties.
Supply Chain InterruptionsTo get raw materials, parts, and equipment, pharmaceutical packaging companies are dependent on an intricate worldwide supply chain. Natural catastrophes, geopolitical unrest, traffic jams, and other disruptions can affect manufacturing schedules and cause shortages or delays in the delivery of packaging solutions to pharmaceutical companies.
Technological improvementsTo remain competitive in the industry, companies must continually invest in research and development due to the rapid improvements in packaging technologies and materials. Businesses that don’t innovate may find it difficult to adapt to changing industry norms and client needs.
Pricing PressuresPharmaceutical businesses’ growing price sensitivity and the fierce rivalry among pharmaceutical packaging suppliers may put downward pressure on prices, which could have an effect on profit margins and overall financial performance..
Global Pharmaceutical Packaging Market Segmentation Analysis
The Global Pharmaceutical Packaging Market is Segmented on the basis of By Material, By Product, By End-use and Geography.
By Material
Plastics & polymersThe most extensively used material category is plastics and polymers because of their low cost, high processing flexibility, and simple handling. Blisters, vials, bottles, and closures are a few examples.
Paper and paperboardBecause of its advantages for sustainability, this market is expanding. It is frequently utilised for fliers, boxes, and cartons.
GlassDue to its excellent barrier qualities and chemical compatibility with several medications, this substance is recommended. Usually, vials, ampoules, and syringes are used with it.
Aluminium foilThis substance is frequently used to create foil pouches and blister packs because of its superior barrier qualities..
By Product
Primary PackagingThis includes vials, blisters, and syringes—any container that comes into direct contact with the medication.
Secondary Packagingsuch as boxes and cartons, is the outer wrapping that shields the main package and offers details about the goods.
Tertiary PackagingPallets and crates are examples of tertiary packaging, which is bulk packing used for storage and transit..
By End-use
Prescription drugsBecause of the strict rules and specifications for how these prescriptions must be packaged, this market category has the lion’s share of market share.
Over-the-counter (OTC) drugsThe growing demand for self-administered, handy pharmaceuticals is likely to propel this segment’s growth.
NutraceuticalsThe rising demand for vitamins and dietary supplements is driving this market..
By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Pharmaceutical Packaging Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Pharmaceutical Packaging Market are
Amcor
Becton
Dickinson and Company (BD)
Gerresheimer AG
West Pharmaceutical Services, Inc.
AptarGroup, Inc.
SCHOTT AG
Berry Global, Inc.
Owens-Illinois, Inc.
WestRock Company
Catalent, Inc..
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
UNIT
Value (USD Billion)
Key Companies Profiled
Amcor,Becton, Dickinson and Company (BD),Gerresheimer AG,West Pharmaceutical Services, Inc.,AptarGroup, Inc.,SCHOTT AG,Berry Global, Inc.,Owens-Illinois, Inc.,WestRock Company,Catalent, Inc.
Segments Covered
By Material,By Product,By End-use,and Geography
Customization Scope
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
 Analyst’s Take
The Pharmaceutical Packaging Market is witnessing significant growth due to several factors such as the increasing demand for pharmaceutical products worldwide, stringent regulations regarding packaging and labeling, and advancements in packaging technologies aimed at enhancing product protection and patient convenience. As pharmaceutical companies continue to innovate and expand their product portfolios, the need for sophisticated packaging solutions will only intensify, presenting lucrative opportunities for players in the pharmaceutical packaging industry.
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.• The current as well as the future market outlook of the industry with respect to recent developments which involve growth. opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.
Customization of the Report
• In case of any  please connect with our sales team, who will ensure that your requirements are met.
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
