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

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.