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Global Pharmaceutical Packaging Market – Industry Trends and Forecast to 2030

  • Materials & Packaging
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Pharmaceutical Packaging Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 6.3% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 946.33 Million
Diagram Market Size (Forecast Year) USD 1515.12 Million
Diagram CAGR 6.3%

Global Pharmaceutical Packaging Market, By Type (Plastic Bottles, Blister Packs, Labels and Accessories, Caps and Closures, Medical Specialty Bags, Pre-Filled Syringes, Temperature-Controlled Packaging, Pouches and Strip Packs, Ampoules, Vials, Pre-Filled Inhalers, Medication Tubes, Jars and Canisters, Cartridges, Others), Raw Material (Plastics and Polymers, Paper and Paperboards, Glass, Metals, Others), Drug Delivery Mode (Oral Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Iv Drugs Delivery Packaging, Other Drugs Delivery Packaging), Application (Drug Delivery, Veterinary Vaccines), Purchase Organization (Manufacturer, Packaging Companies, Government Agencies) - Industry Trends and Forecast to 2023 to 2030.

Pharmaceutical Packaging Market Analysis and Size

Pharmaceutical packaging can be referred to as a packaging procedure utilized in the pharmaceutical sector for packing of containers, bottles, made of glass, and so forth. It comprises of important information’s like labels and cautionary notes. Major factors that are expected to boost the growth of the global pharmaceutical packaging market in the forecast period 2023-2030 are the rise in the pharmaceutical industry in the advancing countries. On the other hand, the rise in the overall packaging expenses because of the dynamic governing policies is further projected to impede the growth of the global pharmaceutical packaging market in the timeline period 2023-2030.

Data Bridge Market Research analyses that the global pharmaceutical packaging market which was USD 946.33 million in 2022, is expected to reach USD 1,515.12 million by 2030, growing at a CAGR of 6.3% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Pharmaceutical Packaging Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

 Type (Plastic Bottles, Blister Packs, Labels and Accessories, Caps and Closures, Medical Specialty Bags, Pre-Filled Syringes, Temperature-Controlled Packaging, Pouches and Strip Packs, Ampoules, Vials, Pre-Filled Inhalers, Medication Tubes, Jars and Canisters, Cartridges, Others), Raw Material (Plastics and Polymers, Paper and Paperboards, Glass, Metals, Others), Drug Delivery Mode (Oral Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Iv Drugs Delivery Packaging, Other Drugs Delivery Packaging), Application (Drug Delivery, Veterinary Vaccines), Purchase Organization (Manufacturer, Packaging Companies, Government Agencies)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

3M (U.S.), BD (Becton, Dickinson and Company) (U.S.), CCL Industries (Canada), McKesson Corporation (U.S.), WestRock Company (U.S.), AptarGroup Inc. (U.S.), Gerresheimer AG (Germany), West Pharmaceutical Services Inc. (U.S.), Klöckner Pentaplast (Germany), SCHOTT AG (Germany), Amcor plc (Switzerland), Berry Global Inc. (U.S.), FlexiTuff Ventures International Ltd. (India), International Paper (U.S.), Stevanato Group (Italy), Origin Pharma Packaging (U.K.), Mondi (Austria), Lonza (Switzerland), Robert Bosch GmbH (Germany), DuPont (U.S.), Thermo Fisher Scientific (U.S.), Boston Scientific (U.S.)

Market Opportunities

  • Increasing Need for the Primary Pharmaceutical Packaging

Market Definition

Pharmaceutical packaging refers to the process of packaging pharmaceutical products, including medications, drugs, and medical devices, to ensure their safety, integrity, and efficacy throughout their shelf life and distribution.

Global Pharmaceutical Packaging Market Dynamics

Drivers

  • Rise in the Pharmaceutical Industry in the Advancing Countries

Advancing countries, often characterized by rapid industrialization and economic growth, are witnessing an expansion of their pharmaceutical manufacturing capabilities. These countries are becoming hubs for the production of generic medications and active pharmaceutical ingredients (APIs). As the production of pharmaceuticals increases, there is a corresponding demand for packaging materials and solutions to ensure the safe storage and transportation of these products. Advancing countries are experiencing shifts in disease profiles, with an increasing burden of chronic diseases, infectious diseases, and lifestyle-related health issues. This drives the demand for a broader range of pharmaceutical products, including vaccines, biologics, and specialty medications. These diverse pharmaceutical products require various packaging solutions to meet specific storage and administration needs. The pharmaceutical industry in advancing countries is expanding not only domestically but also through exports. Many of these countries are emerging as significant exporters of pharmaceutical products to global markets. To compete on the international stage, pharmaceutical companies need packaging solutions that comply with international quality and regulatory standards, driving the need for advanced packaging technologies.

  • Increase in the Need for Drug Delivery Devices and Blister Packaging

The pharmaceutical industry is moving beyond traditional oral medications. There is a growing demand for drug delivery devices such as inhalers, auto-injectors, prefilled syringes, and transdermal patches for administering medications. These devices offer precise dosing, improved patient compliance, and more effective drug delivery methods. The development and use of biologic drugs and specialty medications have increased significantly. These drugs often require specialized delivery mechanisms, such as injectable devices, to maintain their stability and ensure accurate dosing. As biologics become more prevalent, the need for compatible packaging and delivery systems grows. The rise in chronic diseases, such as diabetes and autoimmune disorders, necessitates frequent medication administration. Drug delivery devices, such as insulin pens and wearable infusion pumps, play a crucial role in managing chronic conditions. As these diseases become more prevalent, the demand for associated delivery devices increases. Blister packaging, with its individual compartments or blisters, provides an ideal solution for unit dose packaging. This is especially important for medications that require precise dosing and should not be exposed to moisture, light, or air. Unit dose blister packs enhance medication safety and adherence. Blister packaging often incorporates tamper-evident and child-resistant features to ensure the integrity of the medication and prevent unauthorized access, making it suitable for both over-the-counter and prescription drugs.

Opportunity

  • Increasing Need for the Primary Pharmaceutical Packaging

The pharmaceutical industry is constantly innovating and developing new medications, including biologics, specialty drugs, and personalized medicine. Each of these products often requires unique primary packaging solutions to maintain their stability, prevent contamination, and ensure precise dosing. As drug development continues to advance, pharmaceutical companies will seek customized primary packaging options, creating opportunities for packaging manufacturers.

Stringent regulatory requirements govern pharmaceutical packaging to ensure patient safety, product integrity, and adherence to labelling standards. Changes in regulations often necessitate updates and improvements in primary packaging materials and designs. Companies that can provide compliant packaging solutions will find a growing market. There's a growing emphasis on patient-centric care and medication adherence. Primary packaging plays a crucial role in patient satisfaction and treatment compliance. Packaging that is easy to open, dispense, and use, especially for elderly or physically challenged patients, is in high demand. Manufacturers that can offer innovative, patient-friendly primary packaging designs stand to gain in this market.

Restraints/Challenges

  • Stringent Regulatory Requirements

The pharmaceutical industry is subject to strict regulations and quality standards to ensure patient safety and product integrity. Meeting these regulatory requirements can be complex and costly for packaging manufacturers, especially when changes in regulations necessitate updates and compliance adjustments.

  • Complexity of Drug Formulations

The pharmaceutical industry is developing increasingly complex drug formulations, such as biologics and specialty medications. These formulations may require specialized packaging solutions, driving up packaging development and production costs.

This global pharmaceutical packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global pharmaceutical packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In February 2023, Schott inaugurated its inaugural facility in the United States, a strategic move aimed at enhancing its capabilities and manufacturing capacity for diagnostics and life sciences products. This significant development involves the construction of a state-of-the-art facility in Phoenix, Arizona, backed by a substantial multimillion-dollar investment. The facility's primary focus will be on the production of custom DNA and protein biosensors, alongside other microarrays, utilizing glass, semiconductors, and polymer microfluidic consumable devices
  • In May 2022, CCL Industries Inc. unveiled expansion plans for its Innovia business unit, located near Leipzig, Germany. The expansion centers around the installation of a cutting-edge 8-meter wide multi-layer co-extrusion line, specialized in the production of highly engineered thin gauge label films. This expansion is a response to the increasing demand, driven by sustainability concerns, for materials featuring reduced resin contents. Boasting an annual production capacity of 36,000 tons and top-tier energy efficiency, this innovative technology is exclusively dedicated to label films. Production is slated to commence in the second half of 2024, with the majority of the capital investment being allocated in the coming year

Global Pharmaceutical Packaging Market Scope

The global pharmaceutical packaging market is segmented on the basis of type, raw material, drug delivery mode, application and purchase organization. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Type

  • Plastic Bottles
  • Blister Packs, Labels and Accessories
  •  Caps and Closures
  • Medical Specialty Bags
  • Pre-Filled Syringes
  • Temperature-Controlled Packaging
  • Pouches and Strip Packs
  •  Ampoules, Vials
  • Pre-Filled Inhalers
  • Medication
  • Tubes
  • Jars and Canisters
  • Cartridges
  • Others

Raw Material

  • Plastics and Polymers
  • Paper and Paperboards
  • Glass
  • Metals
  • Others

Drug Delivery Mode

  • Oral Drug Delivery Packaging
  • Pulmonary Drug Delivery Packaging
  • Transdermal Drug Delivery Packaging
  • Injectable Packaging
  • Topical Drug Delivery Packaging
  • Nasal Drug Delivery Packaging
  • Ocular Drug Delivery Packaging
  • Iv Drugs Delivery Packaging
  • Other Drugs Delivery Packaging

Application

  • Drug Delivery
  • Veterinary Vaccines

Purchase Organization

  • Manufacturer
  • Packaging Companies
  • Government Agencies

Global Pharmaceutical Packaging Market Regional Analysis/Insights

The global pharmaceutical packaging market is analysed and market size, volume information is provided by country, type, raw material, drug delivery mode, application and purchase organization as referenced above. 

The countries covered in the global pharmaceutical packaging market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.   

North America dominates the global pharmaceutical packaging market due to the large healthcare system. Furthermore, the rise in the per capita income and the increase in the investments in drug development will further boost the growth of the global pharmaceutical packaging market in the region during the forecast period 2023-2030. Asia-Pacific is projected to observe significant amount of growth in the global pharmaceutical packaging market due to the sturdy economic development.  

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Pharmaceutical Packaging Market Share Analysis

The global pharmaceutical packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global pharmaceutical packaging market.

Some of the major players operating in the global pharmaceutical packaging market is:

  • 3M (U.S.)
  • BD (U.S.)
  • CCL Industries (Canada)
  • McKesson Corporation (U.S.)
  • WestRock Company (U.S.)
  • AptarGroup Inc. (U.S.)
  •  Gerresheimer AG (Germany)
  • West Pharmaceutical Services Inc. (U.S.)
  • Klöckner Pentaplast (Germany)
  • SCHOTT AG (Germany)
  • Amcor plc (Switzerland)
  • Berry Global Inc. (U.S.)
  • FlexiTuff Ventures International Ltd. (India)
  • International Paper (U.S.)
  • Stevanato Group (Italy)
  • Origin Pharma Packaging (U.K.)
  • Mondi (Austria), Lonza (Switzerland)
  • Robert Bosch GmbH (Germany)
  • DuPont (U.S.)
  • Thermo Fisher Scientific (U.S.)
  •  Boston Scientific (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Pharmaceutical Packaging Market will be worth USD 1,515.12 million by 2030.
The Pharmaceutical Packaging Market growth rate is 6.3% during the forecast period.
Rise in the Pharmaceutical Industry in the Advancing Countries & Increase in the Need for Drug Delivery Devices and Blister Packaging are the growth drivers of the Pharmaceutical Packaging Market.
The type, raw material, drug delivery mode, application and purchase organization are the factors on which the Pharmaceutical Packaging Market research is based.
Schott inaugurated its inaugural facility in the United States, a strategic move aimed at enhancing its capabilities and manufacturing capacity for diagnostics and life sciences products & CCL Industries Inc. unveiled expansion plans for its Innovia business unit, located near Leipzig, Germany are the latest developments in the Pharmaceutical Packaging Market.
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