Global Pharmaceutical Packaging Market Report and Forecast 2024-2032

Global Pharmaceutical Packaging Market Outlook

The global pharmaceutical packaging market size attained a value of approximately USD 132.69 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.20% reaching a value of about USD 373.92 billion by 2032.

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Key Trends in the Market

Pharmaceutical packaging is employed to protect and store drugs, it is also necessary for identification purposes, marketing as well as promoting various brands, and supporting the recommended usage of pharmaceutical products. Packaging of pharmaceutical products varies on the basis of type of drug to be packaged and its form as they have different components and thus have different packaging requirements.

• The rising penetration of retail pharmacies in developing regions and the surging focus on brand enhancement as well as product variation by various pharmaceutical manufacturers are expected to fuel the pharmaceutical packaging market growth. Increasing focus on novel product development by the key players is further expected to aid the growth of the market.

• With the surging prevalence of chronic diseases, owing to altering eating habits, evolving lifestyles, and changing sleep cycles, among others, the demand for pharmaceuticals is anticipated to increase over the forecast period. This increase in demand for medications is expected to boost the market for pharmaceutical packaging over the coming years.

• The increasing focus of several governments across the globe on strengthening healthcare facilities and infrastructure along with the provision of insurance coverage is surging the demand for pharmaceuticals, further boosting the demand for pharmaceutical packaging.

Market Analysis

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Based on materials, the pharmaceutical packaging market is segmented into plastics and polymers, glass, paper and paperboard, and aluminium foil, among others. On the basis of product type, the market is categorised into plastic bottles, parenteral container, specialty bags, blister packing, closures, and labels, among others. By drug delivery mode, the market is classified into oral drug, injectable packaging, and topical, among others. On the basis of packaging type, the market is segregated into primary, secondary, and tertiary. Based on end-use, the market is segmented into pharma manufacturing, contract packaging, retail pharmacy, and institutional pharmacy. The regional markets for pharmaceutical packaging are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global pharmaceutical packaging market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Amcor Plc

• Gerresheimer AG

• Schott AG

• Drug Plastics Group

• AptarGroup, Inc.

• Nelipak Corporation

• Constantia Flexibles Holding GmbH

• Others

Market Share by Packaging Type

Based on packaging type, the primary segment is expected to witness substantial growth in the pharmaceutical packaging market across the globe. Primary packaging includes tubes, bottles, and blister packs that directly enclose and contain the drugs and protect them from contamination. Additionally, primary packaging holds advantages such as keeping products fresh for longer durations of time, preventing breakage and wear-and-tear, and making shipping easier, among others. Such advantages are anticipated to increase the demand for primary packaging which in turn is expected to positively impact the growth of the segment over the forecast period.

Market Share by Region

In terms of regions, North America is expected to witness significant growth in the market for pharmaceutical packaging on account of the well-established healthcare industry. The United States is anticipated to support the growth of the pharmaceutical packaging market in the region due to the presence of key players including AptarGroup, Inc., and Nelipak Corporation, among others in the country. Furthermore, the growing pharmaceutical industry in North America region along with developed healthcare infrastructure, high per capita income, and increased investments in drug development is expected to enhance the market growth. Increasing research and development activities along with the launch of advanced medicines for improving the quality of life and health of the patients is further expected to aid the growth of the pharmaceutical packaging market in North America.

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Competitive Landscape

Amcor Plc, established in 1860 and headquartered in Victoria, Australia, is a worldwide leading company that manufactures and develops responsible packaging for sectors such as pharmaceuticals, foods, beverages, medical, personal care, and home care. It provides a wide variety of rigid and flexible packaging options, closures, specialty cartons, and services for the food and beverage, pharmaceutical, and medical industries.

Gerresheimer AG, founded in 1864 and based in Dusseldorf, Germany, is one of the strongest solution partners for the biotech, pharma, healthcare, and cosmetics industries. The company manufactures and develops primary packaging for cosmetics and drugs. It offers various types of medicines that can be used by patients safely, conveniently, and reliably. Gerresheimer is driven to accomplish its ambitious objectives through their high level of expertise and focus on quality.

Schott AG is a manufacturing company that was established in 1884 and is based in Mainz, Germany, with 56 locations across the globe. It is a leading manufacturer of glass ceramics, and specialty glass, among other materials. The company uses its extensive material knowledge combined with technological expertise to create custom glass solutions that are designed to enhance performance and expand market opportunities for its clients.

Other market players include Drug Plastics Group, AptarGroup, Inc., Nelipak Corporation, and Constantia Flexibles Holding GmbH, among others.

Key Highlights of the Report

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Pharmaceutical Packaging Market Report Snapshots

Pharmaceutical Packaging Market Size

Pharmaceutical Packaging Market Trends

Pharmaceutical Packaging Market Analysis

Pharmaceutical Packaging Market Regional Analysis

Pharmaceutical Packaging Companies