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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for pharmaceutical packaging attained a value of USD 132.69 billion.
The market is assessed to grow at a CAGR of 12.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach approximately USD 373.92 billion by 2032.
The major market drivers are the surging demand for pharmaceuticals, the growing pharmaceutical industry, and the rising prevalence of chronic diseases.
The key market trends include the increasing demand for patient-oriented drugs, rising use of multiple packaging types, and production of pharmaceuticals with extended shelf-life.
The various materials of pharmaceutical packaging include plastics and polymers, glass, paper and paperboard, and aluminium foil, among others.
The product types available in the market include plastic bottles, parenteral containers, specialty bags, blister packing, closures, and labels, among others.
There are three types of packing in the pharma industry, primary, secondary, and tertiary.
Plastics used in pharmaceutical packaging include PET, PP, LDPE, and HDPE, among others.
The key players in the global pharmaceutical packaging market are Amcor Plc, Gerresheimer AG, Schott AG, Drug Plastics Group, AptarGroup, Inc., Nelipak Corporation, and Constantia Flexibles Holding GmbH, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124