USD 5.65 billion
Report ID:
SQMIG35H2311 |
Region:
Global |
Published Date: November, 2024
Pages:
208
|Tables:
70
|Figures:
67
Pharmaceutical Contract Packaging Market size was valued at USD 6.11 Billion in 2023 and is poised to grow from USD 6.57 Billion in 2024 to USD 11.73 Billion by 2032, growing at a CAGR of 7.51% during the forecast period (2025-2032).
Increasing demand for high-quality chemical packaging from contract packers in emerging markets, and outsourcing is expected to propel the market during in the forecast period. Pharmaceutical companies contract packaging services to reduce overall manufacturing costs. This is expected to contribute to the growth of the market during the forecast period. Furthermore, lack of in-house packaging materials, expertise and financial constraints are the major issues facing the small pharmaceutical companies in the industry. Contract packaging service providers is an effective way to address such small business issues due to the cost-effective service delivery.
Lack of resources and budgets has led many small pharmaceutical companies to form profitable relationships with contract packaging organizations (CPOs) and contract manufacturing. Furthermore, the growing pharmaceutical industry across the globe is expected to propel the market. As packaging outsourcing offers many advantages such as advanced packaging technology, focus on key areas, more efficient packaging and faster and better services, pharmaceutical companies are increasingly outsourcing packaging services to CPOs and CDMOs.
Global Market Size
USD 5.65 billion
Largest Segment
Plastics & Polymers
Fastest Growth
Paper & Paperboard
Growth Rate
7.51%
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Global Pharmaceutical Contract Packaging Market is segmented by Type, Material, and region. Based on Type , the market is segmented into Primary Packaging (Bottles, Vials, Ampoules, Blister Packs, Others), Secondary Packaging, Tertiary Packaging. Based on Material, the market is segmented into Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Primary packaging segment dominating the pharmaceutical contract packaging market, as it is directly responsible for protecting the integrity and safety of the product. This segment consists of packaging materials or consumption of the product direct contact, such as blister packs, vials, ampoules and syringes. Special packaging is essential to maintain product stability, ensuring that it is protected from environmental factors such as moisture, light and pollution. This section is particularly important in the case of chemical packaging sensitive living organisms, vaccines and injectables, where reproducibility and precision are required.
Contract packaging companies have increasingly focused on innovative customized solutions in this segment to meet the needs of specialty and complex chemicals. The demand for advanced materials, simple clear seals and child-resistant materials continues to drive growth in the primary packaging segment. As the pharmaceutical industry moves towards mechanization on top of biological materials and personalized medicines, the specialty packaging segment will be a key area for continued growth, as well as material science and permanent packaging.
The bottles segment is another important segment in the pharmaceutical contract packaging market, especially pouches for tablets, capsules and other oral dosage forms are widely used for prescription and over the counter (OTC) drugs) to protect against moisture, dirt and breakage. The increase in bottle fraction is due to the ability to provide safe and convenient sources for bulk medication, which is common in the management of chronic diseases. Contract packaging companies are increasingly focused on lightweight, sustainable and sustainable bag packaging solutions, while consumer needs for environmentally friendly products increases. Furthermore, new features such as smart bags equipped with RFID chips arrive to help track product authentication and delivery.
Analysis by Material
Glass segment dominates the pharmaceutical contract packaging market due to its widespread use in pharmaceutical solutions, biologics and injectables. Glass is highly valued for its imperviousness, chemical stability and impurities a resistant Items like these are often made from glass, especially for vaccines, biologics, and other injectables that require sterility and precision in dosing. Biochemicals and specialty pharmaceuticals continue to gain popularity in the glass segment, requiring complex packaging solutions to preserve the effectiveness of these expensive compounds. However, challenges such as fragility and the risk of breakage during handling and transportation are driving new developments in reinforced and coated glass packaging to address these issues.
Aluminium foil is the fastest growing segment in the market. The aluminium foil segment is important in the pharmaceutical contract packaging market, especially for secondary soft packaging solutions such as blister packs, strip packs, pouches etc. Aluminium foil is prized for its barrier properties, protecting against chemical light, moisture, oxygen, and pollution, among other environmental elements. These properties make aluminium foil ideal for packaging tablets, capsules and other solid oral products, especially in blister packaging, which is a common method used in the pharmaceutical industry.
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North America holds a dominant position in the pharmaceutical contract packaging market for several reasons. The region is home to many of the world’s leading pharmaceutical companies, with extensive packaging outsourcing focused on new products and drug development, and stringent regulatory guidelines by the FDA and other agencies. Additionally, stringent regulatory guidelines by organizations such as the FDA drive demand for high-quality, compliant packaging solutions, further supporting the market. Biologics and the growing demand for specialty chemicals in the region will also create opportunities for contract packaging companies that can meet these demanding packaging needs.
Asia Pacific is emerging as the fastest growing market for pharmaceutical contract packaging, due to cost advantages and expanding pharmaceutical industry. Countries such as China, India and Japan are becoming major manufacturing and contracting hubs work due to lower costs of pharmaceuticals and increasing skilled labor. The sector is also seeing an increase in government investment in health care and pharmaceutical research and development, creating demand for a regarding advanced packaging solutions has increased. Furthermore, the increasing prevalence of chronic diseases and the increasing use of pharmaceutical products in the region are providing opportunities for contract packaging companies but to exploit regulatory spaces across the region.
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Drivers
Increased Outsourcing by Way of Pharmaceutical Companies
Rising Demand for Biologics and Specialty Drugs
Restraints
Strict Legal Standards
Disruption of Supply Chains
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The pharmaceutical contract packaging market is highly competitive, with a mix of global players, regional companies and specialty packaging companies offering innovative pharmaceutical packaging solutions. The competition is primarily for pharmaceutical packaging more complex products, stringent regulatory requirements and increased demand for biochemicals and specialty chemicals. Key players in this market are focusing on expanding their product portfolio on a constant basis, investing in advanced packaging technologies and forming partnerships to maintain their competitiveness.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the pharmaceutical contract packaging market is witnessing strong growth, driven by increasing outsourcing of pharmaceutical companies and increasing demand for pharmaceutical and specialty drugs but stringent regulatory standards and ongoing supply disruptions have hampered the market. Key trends such as shift towards sustainable packaging and adoption of smart packaging technologies are shaping the future of the market. North America remains a strong force, to a very prominent pharmaceutical industry and improved regulation. Asia-Pacific is growing rapidly owing to cost advantage and growing pharmaceutical industry. As the market continues to evolve, companies focus on innovation and compliance to meet the needs of dynamic and highly regulated industries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.11 Billion |
Market size value in 2032 | USD 11.73 Billion |
Growth Rate | 7.51% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pharmaceutical Contract Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pharmaceutical Contract Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Contract Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pharmaceutical Contract Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35H2311
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