The global demand for Pharmaceutical Packaging Market is presumed to reach the valuation of nearly USD 290.53 MN by 2030 from USD 128.83 MN in 2022 with a CAGR of 10.7% during the period of 2023-2030.
In the pharmaceutical industry, the packaging ensures the protection of drugs during the sale, storage, and use. The packaging is one of the critical steps in the pharmaceutical industry. The primary purpose of packaging is physical and chemical protection, containment, and security of drugs. Packaging differs from the form and nature of the product. The pharmaceutical packaging is highly regulated, depending on the country of origin or the region.
Market Dynamics
The global pharmaceutical packaging market will grow owing to the growing aging population and the burden of diseases. An increase in healthcare spending and therapeutic development are prime factors that will fuel the market's growth during the forecast period. The rising popularity of reusable and eco-friendly packaging will further amplify the market revenue. The increasing R&D will offer immense innovative and advanced applications to the pharmaceutical & biopharmaceutical industries thereby improving packaging standard. Meanwhile, the price fluctuation of raw materials used in pharmaceutical packaging hinders the growth of the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of pharmaceutical packaging.
Market Segmentation
The entire pharmaceutical packaging market has been sub-categorized into product type, drug delivery mode and raw material. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Material
- Plastics & Polymers (Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyethylene (PE), Polystyrene (PS), Others)
- Paper & Paperboard
- Glass
- Aluminium Foil
- Others
By Product
- Primary (Plastic Bottles, Caps & Closures, Parenteral Containers, Blister Packs, Prefillable Inhalers, Pouches, Medication Tubes Others)
- Secondary (Prescription Containers, Pharmaceutical Packaging Accessories)
- Tertiary
By End-use
- Pharma Manufacturing
- Contract Packaging
- Retail Pharmacy
- Institutional Pharmacy
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for pharmaceutical packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Pharmaceutical Packaging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pharmaceutical Packaging market include Amcor plc, Becton, Dickinson, and Company, AptarGroup Inc., Drug Plastics Group, Gerresheimer AG, Schott AG, Owens Illinois Inc., West Pharmaceutical Services Inc., Berry Global Inc., WestRock Company, SGD Pharma, International Paper, Comar LLC, CCL Industries Inc., Vetter Pharma International. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.