Asia Pacific Pharmaceutical Packaging Market Report and Forecast 2024-2032

Asia Pacific Pharmaceutical Packaging Market Outlook

The Asia Pacific pharmaceutical packaging market size reached around USD 28.36 billion in 2023. The market is projected to grow at a CAGR of 8.6% between 2024 and 2032, reaching almost USD 59.59 billion by 2032.

Key Takeaways:

• In 2022, the Philippines’ customs department seized $585,000 worth of counterfeit medicines in Paranaque City.

• Technological advancements in pharmaceutical packaging, which enable patient understanding of the medication and its dosage, can drive the market growth.

• The expansion of the e-commerce industry is expected to influence the market favourably.

According to the United Nations Office on Drugs and Crime, nearly 47% of anti-malarial drugs in Southeast Asia are counterfeit. This is prompting drug manufacturing companies to adopt track-and-trace technologies in pharmaceutical packaging to ensure that high-quality medicines are supplied. This is one of the key Asia Pacific pharmaceutical packaging market trends.

The increasing shift towards trap printing (where pharmaceutical packaging is printed and laminated simultaneously) is minimising the instances of drug counterfeiting, contributing to the market growth. Over the forecast period, the adoption of digital serialisation and package labelling is expected to enhance supply chain visibility and prevent the delivery of counterfeit medications to consumers.

The integration of AI vision systems and robotic arms in the manufacturing of pharmaceutical packaging is expected to minimise the chances of defects in medical products and drive the production of packaging materials. Moreover, the adoption of sustainable packaging materials is expected to reduce overall waste generation and attract consumers through its natural and eco-friendly appeal. This is expected to lead to the Asia Pacific pharmaceutical packaging market growth in the forecast period.

The strengthening of regulatory requirements surrounding product safety is expected to drive the demand for cost-effective and advanced packaging solutions. This is expected to contribute towards the market development in the forecast period.

Market Segmentation

Asia Pacific Pharmaceutical Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Materials

• Plastics and Polymers

• Glass

• Paper and Paperboard

• Aluminium Foil

• Others

Market Breakup by Product Type

• Plastic Bottles

• Speciality Bags

• Parenteral Container

• Blister Packing

• Closures

• Labels

• Others

Market Breakup by Packaging Type

• Primary

• Secondary

• Tertiary

Market Breakup by Drug Delivery Mode

• Oral Drug

• Injectable Packaging

• Topical

• Others

Market Breakup by End Use

• Pharma Manufacturing

• Contract Packaging

• Retail Pharmacy

• Institutional Pharmacy

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

The key Asia Pacific pharmaceutical packaging market players are Amcor Plc, Berry Global Group Inc., Nipro Corp., DS Smith Plc, Gerresheimer AG, Sonoco Products Co., Sealed Air Corp., Schott AG, WestRock Co., AptarGroup, Inc., and OPTIMA packaging group GmbH, among others.

Key Highlights of the Report