What Is The Size Of Global Pharmaceutical Packaging Industry?
Global Pharmaceutical Packaging market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Pharmaceutical Packaging Market is largely driven by the surging demand for pharmaceutical products to treat various diseases including chronic diseases, digestive disorders, and others, which ultimately boosting the demand for pharmaceutical packaging to protect medicines or drugs from chemical, physical damage, and microbial contamination.
The increasing concern related to the harmful impact of packaging on the environment among consumers and manufacturers is surging the demand for eco-friendly and sustainable packaging in the pharmaceutical industry. The growing demand for sustainable packaging is likely to create immense opportunities for the growth of the pharmaceutical packaging market in the forthcoming years.
The rising prevalence of various diseases including cardiovascular diseases, digestive disorders, infectious diseases, and others increased the demand for pharmaceutical products and their packaging, which is expected to aid the growth of the global pharmaceutical packaging market.
Furthermore, The availability of counterfeit pharmaceutical products along with the shortage of raw materials to manufacture pharmaceutical packaging products is the most significant barrier to the growth of the pharmaceutical packaging industry globally.
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Global Pharmaceutical Packaging Market By Material
The Global Pharmaceutical Packaging market is segmented by Material into Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil and Others.
Plastics & polymers segment held the largest share of the Global Pharmaceutical Packaging Market in 2022, owing to the various advantages offered by plastic and polymers such as durability, recyclability, flexibility, leakage resistance, lightweight, and others. The demand for various types of plastic including polypropylene (PP), PET, HDPE, PVC, and others is increasing to manufacture caps, lids, trays, plates, blister packages, bottles, bags, and others, which is anticipated to propel the growth of the pharmaceutical packaging market globally. The surging demand for recyclable, biodegradable, and lightweight materials for pharmaceutical use is encouraging manufacturers to launch new packaging products made from plastic and polymers in the market.
Global Pharmaceutical Packaging Market By Packaging Type
The Global Pharmaceutical Packaging Market is segmented by Packaging type into Tertiary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging and Primary Pharmaceutical Packaging.
Primary pharmaceutical packaging segment held the largest share of the Global Pharmaceutical Packaging Market in 2022, owing to the growing demand for packaging products that provides quality assurance, safety during transportation, and prevention from contamination. The primary pharmaceutical packaging includes products such as bottles, tubes, blister packs, and others. It comes in direct contact with the drug or medicines, enveloping it and protecting it from environmental contaminations.
Global Pharmaceutical Packaging Market By Product Type
The Global Pharmaceutical Packaging market is segmented by Product type into Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges and Others.
Bottles segment held the largest share of the Global Pharmaceutical Packaging Market in 2022, due to the growing demand to store liquid drugs, powders, capsules, and others to preserve, protect, and store pharmaceutical products. Moreover, the demand is increasing owing to its durability, easy usage, child resistance, and convenience for the end-users.
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Key Topics Covered in the Report
- Snapshot of Global Pharmaceutical Packaging Market
- Industry Value Chain and Ecosystem Analysis of Pharmaceutical Packaging Market
- Market size and Segmentation of the Global Pharmaceutical Packaging Market
- Historic Growth of Overall Global Pharmaceutical Packaging Market and Segments
- Competition Scenario of the Pharmaceutical Packaging Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Global Pharmaceutical Packaging Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Pharmaceutical Packaging Market
- Future Market Forecast and Growth Rates of the Global Pharmaceutical Packaging Market and by Segments
- Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
- Analysis of Pharmaceutical Packaging Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Pharmaceutical Packaging Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Companies Profiled in the Report
- Amcor plc
- Becton D
- AptarGroup, Inc.
- Gerresheimer AG
- West Pharmaceutical Services, Inc.
- WestRock Company
- CCL Industries
- Berry Global, Inc.
- Nipro Europe Group Companies
- Mondi plc
Notable Emerging Companies Mentioned in the Report
- Bormioli Pharma
- Keystone Folding Box Co.
- Klöckner Pentaplast Group
- Schott AG
- International Paper
- Origin Pharma Packaging
- Lonza Group AG
- Drug Plastics Group
- Vetter Pharma International
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Pharmaceutical Manufacturers
- Pharmaceutical Suppliers
- Retail Pharmacy
- Institutional Pharmacy
- Pharmaceutical Packaging Manufacturers
- Pharmaceutical Packaging Distributors
- Pharmaceutical Associations
- Governmental Regulatory Bodies
- Pharmaceutical Packaging Investors
- Pharmaceutical Logistics Service Providers
- Pharmaceutical Packaging Investors
- Pharmaceutical Packaging R&D Companies
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: –
Global Pharmaceutical Packaging Market
