Pharmaceutical Packaging Market, By Product, By Material, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Pharmaceutical Packaging Market size was valued at USD 139,973 Million in 2023, expanding at a CAGR of 9.5% from 2024 to 2032.
A pharmaceutical product's packaging is an essential component. Packaging frequently has an impact on how medicinal products are used, dosed, and dispensed. Labels warning of correct usage and other relevant information are also controlled. Pharmaceutical products come in a variety of package styles that fall into three categories: primary, secondary, and tertiary.
Pharmaceutical Packaging Market- Market Dynamics
Growing demand for pharmaceutical packaging to propel market demand
There is fierce competition for the packaging from other kinds of packaging. For commercial purposes, the pharmaceutical sector is also seeking glass material packaging. Pharma companies engage in pharmaceutical packaging for a variety of reasons, including loadability, breakages, and unit cost. To compete with other options, producers are creating sturdy, lightweight bottles for pharmaceuticals. It is imperative to design and manufacture suitable packaging for pharmaceutical goods to guarantee the safe transportation, storage, and dispensing of medications-some of which have the potential to save lives. The two materials most frequently used in pharmaceutical packaging are plastic and glass. Glass is usually favored because of the features that make it easy to clean and let us see what's within. The pharmaceutical business has depended on developing safe and secure packaging for a variety of medications for many years.
Pharmaceutical Packaging Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 9.5% over the forecast period (2024-2032)
Based on product segmentation, blister packing is expected to grow at a significant rate over the projected period
Based on material segmentation, the Plastics and Polymers segment is expected to hold the largest market share over the forecast period
Based on region, North America is expected to dominate the market over the forecast period
The Global Pharmaceutical Packaging Market is segmented based on Product, Material, and Region.
Based on the product, the Pharmaceutical Packaging market is divided into Plastic bottles, Parenteral containers, Blister packing, Specialty Bags, Closures, Labels and Others. The blister packing is expected to grow at a significant rate over the projected period. Blister packaging protects pharmaceutical products from external factors such as moisture, light, and air, ensuring the stability and efficacy of the drugs. In addition, blister packs are often designed for easy dispensing, facilitating efficient pharmaceutical manufacturing processes. Thereby, driving the market growth.
Based on the material, the Pharmaceutical Packaging industry is categorized into Glass, Aluminum Foils, Plastics and Polymers, Paper & Paperboards and Others. The Plastics and Polymers segment is expected to hold the largest market share over the forecast period. This is commonly used in pharmaceutical packaging for its flexibility, chemical resistance, and moisture barrier properties. It is often used in the production of bottles, vials, and containers.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. There is a notable concentration of major pharmaceutical companies in the region from Mexico, the United States, and Canada. Due to its highly established healthcare system, substantial expenditures in drug discovery, and high per capita income, the United States is recognized as the world's largest pharmaceutical market. Furthermore, the region's growth is anticipated to be significantly aided by the presence of several top manufacturers of healthcare products, including Johnson & Johnson, Pfizer Inc., Bristol-Myers Squibb Company, Merck & Co., Inc., and AbbVie Inc.
The key players operating in the market are Schott AG, Berry Global, Inc., AptarGroup, Inc., Drug Plastics Group, Gerresheimer AG, Amcor plc, Owens Illinois, Inc., West Pharmaceutical Services, Inc., BD, WestRock Company, SGD Pharma, International Paper, Comar, LLC, CCL Industries, Inc. and Vetter Pharma International among others. These players adopted various types of strategies such as product launch, acquisition, collaboration and others to gain maximum market share.
Recent Developments:
In February 2023, with the launch of a completely certified tamper-evident (TE) and child-resistant (CRC) packaging solution designed for the pharmaceutical and herbal sector and especially for syrup and liquid medications, Berry Global Healthcare marked a noteworthy milestone. The extensive selection consists of seven series of 28mm neck PET bottles, with capacities ranging from 20ml to 1,000ml. The bottles provide a variety of design choices to meet the demands of different customers.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PHARMACEUTICAL PACKAGING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Schott AG
Berry Global, Inc.
AptarGroup, Inc.
Drug Plastics Group
Gerresheimer AG
Amcor plc
Owens Illinois, Inc.
West Pharmaceutical Services, Inc.
BD
WestRock Company
SGD Pharma
International Paper
Comar, LLC
CCL Industries, Inc.
Vetter Pharma International
GLOBAL PHARMACEUTICAL PACKAGING MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
Plastic Bottle
Parenteral Container
Blister packing
Specialty Bags
Closures
Labels
Others
GLOBAL PHARMACEUTICAL PACKAGING MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032
Glass
Aluminum Foils
Plastics and Polymers
Paper & Paperboards
Others
GLOBAL PHARMACEUTICAL PACKAGING MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Pharmaceutical Packaging Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Pharmaceutical Packaging Market Snippet by Product
2.1.2. Pharmaceutical Packaging Market Snippet by Material
2.1.3. Pharmaceutical Packaging Market Snippet by Country
2.1.4. Pharmaceutical Packaging Market Snippet by Region