Global Pharmaceutical Packaging Market

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 2025-2032


Report ID: SQMIG15H2014 | Region: Global | Published Date: August, 2024
Pages: 184 | Tables: 65 | Figures: 77

Pharmaceutical Packaging Market Dynamics

Pharmaceutical Packaging Market 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 pharmaceutical packaging 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. 

Pharmaceutical Packaging Market 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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FAQs

Pharmaceutical Packaging Market size was valued at USD 155.56 Billion in 2023 and is poised to grow from USD 170.96 Billion in 2024 to USD 331.05 Billion by 2032, growing at a CAGR of 9.9% during the forecast period (2025-2032).

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.    '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) '

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 pharmaceutical packaging market growth. 

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.

Geographically, North America held the dominant pharmaceutical packaging market share 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. 

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Global Pharmaceutical Packaging Market

Report ID: SQMIG15H2014

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