USD 128.80 billion
Pharmaceutical Packaging Market Size, Share, Growth Analysis, By Packaging Type(Primary, Secondary), By Raw Material(Plastic (High-density Polyethylene, Polyester, Polypropylene, Low-density Polyethylene), By Drug Delivery(Oral, Pulmonary, Transdermal, Injectable), By Type(Plastic Bottles (Standard Plastic Bottles, Plastic Dispensing Bottles, Plastic Jars), Blister Packs (Compartment Packs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2014 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|Tables:
65
|Figures:
77
Pharmaceutical Packaging Market Insights
The Global Pharmaceutical Packaging Market size was valued at USD 141.55 Billion in 2022 and is poised to grow from USD 155.56 Billion in 2023 to USD 301.23 Billion by 2031, at a CAGR of 9.9% over the forecast period (2024–2031).
The pharmaceutical packaging market has progressed remarkably over the past years supported by the rise of biosimilars and biologics and innovations like smart packaging. Biosimilars and biologics mostly need specialized packaging to maintain efficiency and stability, thereby propelling the pharmaceutical packaging market. Furthermore, the emergence of smart packaging with features like sensors and RFID tags improves the monitoring, tracking, and management of pharmaceutical products, impacting market growth. Nonetheless, strict regulatory compliances that increase the cost and complexity of packaging solutions are hampering the market growth. Moreover, high-priced advanced packaging solutions are another restraining factor for the market growth. Yet, growth in developing markets and the progress of smart packaging solutions is favorable to the market growth.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Primary
Fastest Growth
Primary
Growth Rate
9.9% CAGR
Global Pharmaceutical Packaging Market ($ Bn)
Country Share for North America Region (%)
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Pharmaceutical Packaging Market Segmental Analysis
The Global Pharmaceutical Packaging Market is segmented by Packaging Type, Raw Material, Drug Delivery, Type, and Region. Based on Packaging Type, the market is segmented into Primary and Secondary. Based on Raw Material, the market is segmented into Plastic (High-density Polyethylene, Polyester, Polypropylene, Low-density Polyethylene, Polyvinyl Chloride, Cyclic Olefin Copolymer, Polyethylene Terephthalate), Paper & Paperboard, Glass, Metals, and Others. Based on Drug Delivery, the market is segmented into Oral, Pulmonary, Transdermal, Injectable, Topical, Nasal, Ocular/Ophthalmic, Intravenous, and Other. Based on Type, the market is segmented into Plastic Bottles (Standard Plastic Bottles, Plastic Dispensing Bottles, Plastic Jars), Blister Packs (Compartment Packs, Wallet Packs), Labels & Accessories (Self-adhesive, Die Cut, Holographic Strips, Tamper Proof, Other), Caps & Closures, Medical Specialty Bags, Prefilled Syringes, Temperature-controlled Packaging, Pouches & Strip Packs, Ampoules, Vials, Prefilled Inhalers (Metered Dose Inhalers, Dry Powder Inhalers), Medication Tubes (Composite Tubes, All-plastic Tubes, Collapsible Metal Tubes), Jars & Canisters, Cartridges, and Other. By Region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Raw Material
Based on raw material, the pharmaceutical packaging market is categorized into plastic, paper & paperboard, glass, metals, and others. The plastic segment is the leading in the market owing to better customization and versatility. Plastics can be molded easily in different sizes and shapes, making them versatile for unique forms of packaging like blister packs, pouches, and bottles. This flexibility offers customization to cater to the growing packaging demands. Moreover, they are reasonably priced in comparison to other materials like metals and glass. These factors are propelling the growth of the segment.
On the other hand, the paper & paperboard segment is expected to grow at a considerable rate due to environmental concerns and sustainability offered. Paperboard and paper are highly biodegradable and are made with renewable resources, aligning with the increasing focus on sustainable and eco-friendly packaging solutions. This ecological benefit is surging its popularity among businesses who want to decrease their environmental footprint, driving the segment’s growth.
Analysis by Drug Delivery
Based on drug delivery, the oral drug delivery segment is dominating the market owing to the convenience offered and well-established market demand. Oral drug delivery is a highly popular and preferred method of drug consumption. It is highly convenient for individuals, which enhances obedience to prescribed treatments. Moreover, increased versatility like capsules, tablets, liquids, and powders is fueling the segment growth.
However, the injectable drug delivery segment is expected to grow steadily due to speedy onset and efficacy. Injectables are mostly chosen because of their rapid onset nature and efficacy, mainly for medicines that need immediate therapeutic effects or accurate dosage. Moreover, the growth of specialty drugs and biologics that are administered due to their instability in oral forms and complex molecular structures is fueling the demand for injectable solutions.
Global Pharmaceutical Packaging Market Size By Raw Material
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Pharmaceutical Packaging Market Regional Insights
Geographically, North America is held dominant share of the market in the previous years and is projected to lead over the forecast period as well owing to well-established pharmaceutical industry, mainly in the developed nations like Canada and the United States. These nations have sophisticated and highly developed pharma industry with key companies operating and a wide range of research and development services. This presence of strong industry is fueling the demand for improved packaging solutions in the region. Also, the region is a hub for innovations and advanced technologies in pharmaceutical packaging, which impacts market growth. The companies operating in North America include Amcor, Westrock, Sonoco, McKesson Corporation, Alpha Packaging, Sealed Air Corporation, and more.
Asia-Pacific is expected to be the fastest-growing region due to significant spending on healthcare and the expansion of pharmaceutical manufacturing. The spending in healthcare in Asia Pacific is fueled by growing income of consumers, easy access to medical services, and progressing healthcare infrastructure. This ultimately increases the demand for pharmaceutical products and packaging solutions. Also, the growth of pharmaceutical manufacturing in nation like India, and China is another reason for the growth of pharmaceutical, packaging in the region.
Global Pharmaceutical Packaging Market Size By Region
- Largest
- Fastest
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Pharmaceutical Packaging Market Dynamics
Drivers
Growing Demand for Drug Security and Safety and Innovations
- Growing concerns about safety of drugs like problems associated with tampering and counterfeiting is demanding secure packaging solutions like anti-counterfeiting and tamper-evident technologies. In addition, modernizations like smart packaging embedded with features like sensors and RFID tags are increasing adopted by drug producing companies, thereby impacting the market growth.
Regulatory Needs and Sustainability Trends
- Strict regulations for drug packaging confirm product efficacy, safety, and compliance. These standards and regulations need advanced packaging solutions to avoid counterfeiting, tampering, and contamination. Also, the growing focus on sustainable packaging and environment-friendly material is increasing with the pharma industry aiming to decrease its ecological impact.
Restraints
Variations in Prices of Raw Materials and Integration Issues
- The price of raw materials for packaging like glass, plastics, and metals may vary because of changing market conditions. These fluctuations might affect cost of packaging and profitability. Furthermore, incorporating improved technologies in the present packaging processes could need high investment in new machinery and training and be a complicated task.
Supply Chain Instabilities and Complexity of Drug Formulations
- Disturbances in supply chain because of global pandemic or geopolitical issues may impact the accessibility of packaging materials and affect stability of the market. Besides, some drugs, mainly the complex therapeutics and biologics need dedicated packaging that could be difficult to produce and develop.
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Pharmaceutical Packaging Market Competitive Landscape
Pharmaceutical packaging market providers need to focus on maximizing their business scope by reaching into new markets and developing pharmaceutical packaging for different industrial and personal uses. Raising new capital to fund their R&D and business expansion efforts will be essential for new pharmaceutical packaging companies going forward. The development of custom robots for specific applications across different industry verticals will also help companies expand their sales potential in the future.
Top Player’s Company Profiles
- Amcor plc (Switzerland)
- Berry Global Inc. (United States)
- Gerresheimer AG (Germany)
- AptarGroup Inc. (United States)
- Schott AG (Germany)
- West Pharmaceutical Services, Inc. (United States)
- Catalent, Inc. (United States)
- Owens-Illinois Inc. (United States)
- WestRock Company (United States)
- Sonoco Products Company (United States)
- Stevanato Group S.p.A. (Italy)
- Nipro Corporation (Japan)
- Comar, LLC (United States)
- SGD Pharma (France)
- Aptargroup, Inc. (United States)
- Drug Plastics & Glass Co., Inc. (United States)
- TricorBraun Holdings, Inc. (United States)
- Bilcare Limited (India)
- Tekni-Plex, Inc. (United States)
- SEALED AIR (US)
Recent Developments
- In November 2023, Amcor introduced the innovative next-generation Medical Laminates Solutions. This allows the growth of all-film packaging that can be reused in polyethylene stream. It also decreased carbon footprint of the final product and maintains the required performance of device applications.
- In April 2024, Berry Global Group Incorporation invested in extra manufacturing capabilities and assets to expand its healthcare production ability by nearly 30% in its 3 European locations.
- In April 2024, SCHOTT, the technology group, introduced its initial recycling projects to gain significant experience. The company is systematically discovering ways to return pharmaceutical packaging and glass-ceramic cooktop panels to the manufacturing of novel products.
Pharmaceutical Packaging Key Market Trends
- Progress of Pharmacogenomics (PGx): In recent years, deaths due to ADRs (adverse drug reactions) have been fueling research and studies in personalized medicine. Pharmacogenomics or PGx is an innovative healthcare form that tailor treatments at personal level by offering genetically customized dosages and medicines. This reduces adverse drug reactions besides enhancing efficacy of the treatment.
Pharmaceutical Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global pharmaceutical packaging market is rapidly growing due to the rising demand for healthcare products and the growth of the pharmaceutical industry. The rise in the demand for biologics and personalized medicines and the requirement for innovative packaging solutions that help in addressing drug counterfeiting and other challenges are further driving the market. Furthermore, the rise in the adoption of sustainable products is driving the market and manufacturers are also adopting the use of ecofriendly packaging materials and sustainable practices. The oral drug delivery segment is having the largest share whereas the injectable drug delivery segment is growing quickly. North America is dominating whereas Asia Pacific is growing at a quick pace. The main trend is the increase in the adoption of eco-friendly solutions. Additionally, the rising expansion of ecommerce platforms and the adoption of the online pharmacy sector are contributing to the expansion of the market during the forecasted period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 141.55 Billion |
| Market size value in 2031 | USD 301.23 Billion |
| Growth Rate | 9.9% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pharmaceutical Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pharmaceutical Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pharmaceutical 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pharmaceutical 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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