Global Pharmaceutical Packaging Market Outlook
According to a new report by Expert Market Research titled “Global Pharmaceutical Packaging Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global pharmaceutical packaging market reached a value of approximately USD 118.26 billion in 2022. Aided by the escalating demand for safe and efficient drug delivery systems and the burgeoning applications of pharmaceutical packaging in various segments of the healthcare industry, the market is projected to further grow at a CAGR of 12.20% between 2023 and 2028 to reach a value of USD 235.94 billion by 2028.
Pharmaceutical packaging plays a pivotal role in preserving the therapeutic effectiveness of drugs, protecting them from environmental factors, and ensuring safe and secure transportation. It includes a wide array of products such as blisters, bottles, vials, ampoules, tubes, syringes, and pouches made of different materials like plastics, glass, and metal. This packaging aids in maintaining drug stability, providing tamper evidence, and facilitating patient compliance.
The mounting consumer demand for efficacious drug delivery systems is propelling the global pharmaceutical packaging market growth. With the increasing global health awareness and a surge in chronic and lifestyle diseases, there has been a significant shift towards self-administered therapies, leading to a swell in demand for user-friendly pharmaceutical packaging solutions like pre-filled syringes and auto-injectors.
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In addition to this, the burgeoning trend of patient-centricity has also accentuated the popularity of pharmaceutical packaging, thus raising the pharmaceutical packaging market demand. The industry is evolving to deliver patient-oriented solutions, including easy-open systems, child-resistant containers, and braille identification, that enhance the overall patient experience.
The expanding applications of pharmaceutical packaging in diverse healthcare sectors also significantly contribute to the pharmaceutical packaging market expansion. In the pharmaceutical manufacturing sector, packaging is instrumental for protection against contamination, tampering, and counterfeiting. In drug delivery, specific packaging solutions like transdermal patches and inhalers provide targeted and controlled release of active substances. In the burgeoning biopharmaceutical sector, specialised packaging such as cryogenic vials is needed to maintain the integrity of the sensitive biological products.
Further, the mounting demand for generic drugs and over the counter (OTC) products due to their cost-effectiveness has led to a heightened focus on pharmaceutical packaging as a differentiator in the crowded market space. Packaging that is innovative, aesthetically appealing, and informative helps in enhancing product visibility and brand perception. Such factors are propelling the global pharmaceutical packaging market growth.
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Pharmaceutical Packaging Market Segmentation
The market can be divided based on materials, product type, drug delivery mode, packaging type, end use, and region.
Market Breakup by Material
- Plastics and Polymers
- Glass
- Paper and Paperboard
- Aluminium Foil
- Others
Market Breakup by Product Type
- Plastic Bottles
- Parenteral Container
- Speciality Bags
- Blister Packing
- Closures
- Labels
- Others
Market Breakup by Drug Delivery Mode
- Oral Drug
- Injectable Packaging
- Topical
- Others
Market Breakup by Packaging Type
- Primary
- Secondary
- Tertiary
Market Breakup by End Use
- Pharma Manufacturing
- Contract Packaging
- Retail Pharmacy
- Institutional Pharmacy
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global pharmaceutical packaging companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Amcor Plc
- Gerresheimer AG
- Schott AG
- Drug Plastics Group
- AptarGroup, Inc.
- Nelipak Corporation
- Constantia Flexibles Holding GmbH
- Others
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