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 MarketIndustry Value Chain and Ecosystem Analysis of Pharmaceutical Packaging MarketMarket size and Segmentation of the Global Pharmaceutical Packaging MarketHistoric Growth of Overall Global Pharmaceutical Packaging Market and SegmentsCompetition Scenario of the Pharmaceutical Packaging Market and Key Developments of CompetitorsPorter’s 5 Forces Analysis of Global Pharmaceutical Packaging IndustryOverview, Product Offerings, and Strategic Developments of Key CompetitorsCOVID-19 Impact on the Overall Global Pharmaceutical Packaging MarketFuture Market Forecast and Growth Rates of the Global Pharmaceutical Packaging Market and by SegmentsMarket Size of Application/End-User Segments with historical CAGR and Future ForecastsAnalysis of Pharmaceutical Packaging Market in Major RegionsMajor Production / Consumption Hubs in the Major RegionsMajor Production/Supply and Consumption/Demand Hubs in Each RegionMajor Country-wise Historic and Future Market Growth Rates of the Total Pharmaceutical Packaging Market and SegmentsOverview of Notable Emerging Competitor Companies within Each Major RegionMajor Companies Profiled in the Report
Amcor plcBecton DAptarGroup, Inc.Gerresheimer AGWest Pharmaceutical Services, Inc.WestRock CompanyCCL IndustriesBerry Global, Inc.Nipro Europe Group CompaniesMondi plcNotable Emerging Companies Mentioned in the Report
Bormioli PharmaKeystone Folding Box Co.Klöckner Pentaplast GroupSchott AGInternational PaperOrigin Pharma PackagingLonza Group AGDrug Plastics GroupVetter Pharma InternationalKey Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Pharmaceutical ManufacturersPharmaceutical SuppliersRetail PharmacyInstitutional PharmacyPharmaceutical Packaging ManufacturersPharmaceutical Packaging DistributorsPharmaceutical AssociationsGovernmental Regulatory BodiesPharmaceutical Packaging InvestorsPharmaceutical Logistics Service ProvidersPharmaceutical Packaging InvestorsPharmaceutical Packaging R&D CompaniesPeriod Captured in the Report
Historical Period: 2017-2021Forecast Period: 2022E-2028FFor More Information on the Research Report, refer to below links: –
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