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Pharmaceutical Packaging Market

Pharmaceutical Packaging Market

Pharmaceutical Packaging Market Size, Trend Analysis & Competition Tracking By Material(Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil), By Product Type(Primary, Secondary, Tertiary), By Application- Global Market Insights 2019 to 2029

Pharmaceutical Packaging Market
FACT4573MR

Pharmaceutical Packaging Market : Overview

Global demand for pharmaceutical packaging to grow at 7.5% CAGR during the forecast period. The pharmaceutical packaging industry analysis shows that the market is set to touch 87 Bn in 2021, growing from 5.1% CAGR between 2016 and 2020.

Sensing the opportunities, pharmaceutical packaging manufacturers are relying on new product development and strategic mergers. As per Fact.MR analysis, top 5 players account for nearly 60% share.

For instance, in April 2021, Amcor announced the launch of their new recyclable healthcare packaging which is also the world’s first recyclable Polyethylene based thermoform blister packaging. 

The packaging is designed to cater to the requirements of specialized and regulated pharmaceutical packaging.

The packaging reduces the 70% carbon footprint and enhances Amcor’s innovation and R&D capabilities. 

As per Fact.MR pharmaceutical packaging demand analysis, China, U.S., and Russia are the top markets for pharmaceutical packaging sales.

Pharmaceutical Packaging to Register Two-fold Revenue Growth

On account of increasing population, consumer awareness and rising disposable income, the global pharmaceutical packaging market will grow 2.2X from 2019 to 2029.

Developing countries such as India, China, and Brazil cater to a millennial population which demands convenient packaging solutions such as auto-injectors, and pre-filed syringes.

When coupled with frequent deadly disease outbreaks such as Corona virus, H1N1, countries are compelled to make incremental investments in healthcare to increase life expectancy.

This filters down to an increase in demand for pharmaceutical packaging. Developed regions, on the other hand, are witnessing a proliferation of their geriatric population.

This consumer segment is highly dependent on pharmaceutical drugs for maintaining good health thus adding to the demand for pharmaceutical drugs packaging.

Preference for Plastics & Polymers to Remain Intact

Polypropylene, a sub segment of plastics & polymer will experience accentuating demand on the back of favorable mechanical, thermal, physical, and electrical properties.

The material exhibits high tensile strength along with superior resistance against chemicals, organic solvents, and electrolyte attacks.

Plastics & Polymer segment accounts for more than 38% share of total market value. Glass is another material of importance with the second highest market share.

The silica based packaging material will continue to experience rising demand, owing to the prevalence of atmosphere sensitive pharmaceutical drugs.

For instance, oral solutions are always at risk of potential degradation via oxidation and hydrolysis, glass containers prevent that from happening.

Another factor that ensures growth of this segment is the practice of dosing.

Pharmaceuticals sold in glass packaging are administered to consumers in doses which necessitates durable packaging material of this kind.

Global pharmaceutical packaging market forecast by Fact.MR

Asian Markets to Widen Investment Opportunities

Characterized by the presence of leading pharmaceutical companies, North America will maintain its hegemony over global sales with 38% share of total market value.

The United States, regarded as the largest pharmaceutical market of the world will propel demand from this region on the back of growing geriatric population, high per-capita income, and increasing healthcare spending.

Southeast Asia & Oceania offer lucrative growth opportunities with a double digit CAGR of more than 11% through the end of 2029.

East Asia is another region that shows double digit growth. Countries such as China, Japan, and South Korea are developing healthcare infrastructure to accommodate the increasing demand for quality healthcare from the millennial workforce.

These factors will fuel pharmaceutical packaging demand from East Asia to grow at a stellar 10.6% CAGR during the forecast period.

Global pharmaceutical packaging market forecast by Fact.MR

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Prioritizing R&D for Sustainable Materials to be Key Market Imperative

The pharmaceutical packaging market is fragmented owing to the presence of companies operating regionally. Research and development of materials and packaging techniques is a top priority for every manufacturer.

Omnipresent concerns about global warming due to excessive packaging waste is leading to the introduction of stringent regulations in many countries.

Hence, manufacturers are adopting strategies such as mergers & acquisitions to expand their global footprint and add disruptive packaging advancements to their product portfolio.

Leading companies from the pharmaceutical packaging market are 

  • Amcor Plc
  • Becton Dickinson & Company
  • AptarGroup Inc.
  • Drug Plastics Group
  • Gerresheimer AG
  • Schott AG
  • Owens Illinois Inc.
  • West Pharmaceutical Services Inc.
  • Berry Global Inc.
  • WestRock Company SGD S.A.
  • International Paper Company
  • COMAR LLC
  • CCL Industries Inc.
  • Vetter Pharma International.

An Adaptive Approach to Modern-day Research Needs

Global Pharmaceutical Packaging Market: In-Depth Assessment on Key Segments

The global pharmaceutical packaging market is segmented on the basis of material, product type, application and region.

  • By Material :

    • Plastics & Polymers
      • Polypropylene (PP)
      • Polyethylene (PE)
      • Polyethylene Terephthalate (PET)
      • Polyvinyl Chloride (PVC)
      • Polystyrene (PS)
      • Others
    • Paper & Paperboard
    • Glass
    • Aluminum Foil
    • Others
  • By Product Type :

    • Primary Pharmaceutical Packaging
      • Plastic Bottles
      • Caps & Closures
      • Parenteral Containers
      • Blister Packs
      • Prefillable Inhalers
      • Pouches
      • Medication Tubes
      • Others
    • Secondary Pharmaceutical Packaging
      • Prescription Containers
      • Pharmaceutical Packaging Accessories
    • Tertiary Pharmaceutical Packaging
  • By Application :

    • Pharmaceutical Manufacturing
    • Retail Pharmacy
    • Contract Packaging
    • Institutional Pharmacy
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared.

Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

- FAQs -

Pharmaceutical packaging market is worth US$ 87 billion in 2021. The market is set to grow at 7.5% CAGR during the forecast period

Pharmaceutical packaging demand has grown at 5.1% CAGR between 2016-2020

China, U.S. and Russia are the top 3 exporters of pharmaceutical packaging globally.

Leading pharmaceutical packaging companies hold 60% of the overall market share

Pharmaceutical packaging manufacturers are focusing on sustainable, safe, and affordable offerings to meet end-user expectations.

North America pharmaceutical packaging market is expected to expand at a CAGR of 6.9% over the forecast period.

European pharmaceutical packaging market is expected to expand at a CAGR of 6.4% over the forecast period.

Sales of pharmaceutical packaging in South Korea is set to grow at 8.3% CAGR, whereas demand for pharmaceutical packaging in Japan will grow at 7% CAGR

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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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