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Philippines Pharmaceutical Packaging Market Size, Share: By Materials: Plastics and Polymers, Glass, Paper and Paperboard, Aluminium Foil, Others; By Product Type: Plastic Bottles, Speciality Bags, Parenteral Container, Blister Packing, Others; By Packaging Type; By Drug Delivery Mode; By End Use; Competitive Landscape; 2024-2032
Philippines Pharmaceutical Packaging Market Size
The Philippines pharmaceutical packaging market reached around USD 160.2 million in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032 to reach nearly USD 246.5 million by 2032.
| Philippines Pharmaceutical Packaging Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 160.2 |
| Market Size 2032 | USD Million | 246.5 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.9% |
| CAGR 2024-2032 - Market by Materials | Plastics and Polymers | 5.5% |
| CAGR 2024-2032 - Market by Packaging Type | Primary | 5.3% |
| 2023 Market Share by Materials | Glass | XX% |
Philippines Pharmaceutical Packaging Market Outlook
- In 2019, the sale of generic medicines reached PhP 82.3 billion, which increased the demand for eco-friendly packaging products.
- Branded prescriptions account for nearly 40% of overall medicine sales, indicating a significant demand for innovative packaging products.
- The medical devices market growth at 8%-10% per annum in Vietnam is expected to raise the demand for primary packaging solutions.
Philippines Pharmaceutical Packaging Market Growth
As per the Philippine Pharmaceutical Manufacturers Association (PPMA), packaging material accounts for nearly 30% of a medicine’s cost and can be minimised by using sustainable/recycled materials and achieving technological advancements in processing technology. The organisation of global events like ProPak Philippines is expected to boost the accessibility of local pharmaceutical producers to advanced packaging machines and thereby, contribute to the market expansion.
As per the PPMA, the Philippines’ pharmaceutical industry is projected to grow at an average rate of 8%-11% in the coming years. Rising income levels and the growing number of young individuals are expected to facilitate the demand for generic medicines on a large scale, which can accelerate the demand for oral drug packaging in the country.
The emergence of pharmacogenomics is revolutionising the market, by driving the usage of customised medicinal packages and personalised dosage leaflets which enhance patient’s understanding of the timing of dosage. The integration of Near Field Communication technology and QR codes is expected to promote brand awareness and improve transparency in manufacturing processes, thereby fostering consumer trust.
Philippines Pharmaceutical Packaging Industry Segmentation
Philippines 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
| CAGR 2024-2032 - Market by | Materials |
| Plastics and Polymers | 5.5% |
| Glass | 5.2% |
| Paper and Paperboard | XX% |
| Aluminium Foil | XX% |
| Others | XX% |
Market Breakup by Product Type
- Plastic Bottles
- Speciality Bags
- Parenteral Container
- Blister Packing
- Closures
- Labels
- Others
Market Breakup by Packaging Type
- Primary
- Secondary
- Tertiary
| CAGR 2024-2032 - Market by | Packaging Type |
| Primary | 5.3% |
| Secondary | XX% |
| Tertiary | XX% |
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
Philippines Pharmaceutical Packaging Market Share
| 2023 Market Share by | Materials |
| Glass | XX% |
| Paper and Paperboard | XX% |
| Plastics and Polymers | XX% |
| Aluminium Foil | XX% |
| Others | XX% |
Based on materials, the market is segmented into plastics and polymers, glass, paper and paperboard, and aluminium foil, among others. Over the forecast period, plastics and polymers are expected to grow at a CAGR of 5.5% due to their great versatility and high degree of affordability.
Leading Companies in the Philippines Pharmaceutical Packaging Market
In a shift towards sustainable manufacturing practices, Berry Global Group Inc., increased its usage of renewable energy by 65%, increased usage of recycled plastics by 10%, and significantly increased the production of compostable and reusable packaging products.
- Amcor Plc
- Berry Global Group Inc.
- Bestpak Packaging Solutions, Inc.
- Netpak Phils., Inc.
- GL Otometz Corp.
- Merfel Plastic Manufacturing Inc.
- Versa Group Philippines Corporation
- Swiss Pac Philippines
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Materials |
|
| Breakup by Product Type |
|
| Breakup by Packaging Type |
|
| Breakup by Drug Delivery Mode |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Philippines Pharmaceutical Packaging Market Report Snapshots
Philippines Pharmaceutical Packaging Market Size
Philippines Pharmaceutical Packaging Market Growth
Philippines Pharmaceutical Packaging Market Share
Philippines 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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Pharmaceutical Packaging Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Pharmaceutical Packaging Historical Market (2018-2023)
8.3 Asia Pacific Pharmaceutical Packaging Market Forecast (2024-2032)
9 Philippines Pharmaceutical Packaging Market Overview
9.1 Key Industry Highlights
9.2 Philippines Pharmaceutical Packaging Historical Market (2018-2023)
9.3 Philippines Pharmaceutical Packaging Market Forecast (2024-2032)
10 Philippines Pharmaceutical Packaging Market by Materials
10.1 Plastics and Polymers
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Glass
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Paper and Paperboard
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Aluminium Foil
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Philippines Pharmaceutical Packaging Market by Product Type
11.1 Plastic Bottles
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Speciality Bags
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Parenteral Container
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Blister Packing
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Closures
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Labels
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Philippines Pharmaceutical Packaging Market by Packaging Type
12.1 Primary
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Secondary
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Tertiary
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Philippines Pharmaceutical Packaging Market by Drug Delivery Mode
13.1 Oral Drug
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Injectable Packaging
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Topical
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Philippines Pharmaceutical Packaging Market by End Use
14.1 Pharma Manufacturing
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Contract Packaging
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Retail Pharmacy
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Institutional Pharmacy
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Amcor Plc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Berry Global Group Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Bestpak Packaging Solutions, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Netpak Phils., Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 GL Otometz Corp.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Merfel Plastic Manufacturing Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Versa Group Philippines Corporation
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Swiss Pac Philippines
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Pharmaceutical Packaging Market: Key Industry Highlights, 2018 and 2032
2. Philippines Pharmaceutical Packaging Market: Key Industry Highlights, 2018 and 2032
3. Philippines Pharmaceutical Packaging Historical Market: Breakup by Materials (USD Million), 2018-2023
4. Philippines Pharmaceutical Packaging Market Forecast: Breakup by Materials (USD Million), 2024-2032
5. Philippines Pharmaceutical Packaging Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Philippines Pharmaceutical Packaging Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Philippines Pharmaceutical Packaging Historical Market: Breakup by Packaging Type (USD Million), 2018-2023
8. Philippines Pharmaceutical Packaging Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
9. Philippines Pharmaceutical Packaging Historical Market: Breakup by Drug Delivery Mode (USD Million), 2018-2023
10. Philippines Pharmaceutical Packaging Market Forecast: Breakup by Drug Delivery Mode (USD Million), 2024-2032
11. Philippines Pharmaceutical Packaging Historical Market: Breakup by End Use (USD Million), 2018-2023
12. Philippines Pharmaceutical Packaging Market Forecast: Breakup by End Use (USD Million), 2024-2032
13. Philippines Pharmaceutical Packaging Market Structure
Key Questions Answered in the Report
The market reached nearly USD 160.2 million in 2023.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 246.5 million in 2032.
The different materials used in pharmaceutical packaging are plastics and polymers, glass, paper and paperboard, and aluminium foil, among others.
The different types of products in the market are plastic bottles, speciality bags, parenteral container, blister packing, closures, and labels, among others.
The different types of packaging in the market are primary, secondary, and tertiary.
The different modes of drug delivery considered in the market report are oral drug, injectable packaging, and topical, among others.
The key market players are Amcor Plc, Berry Global Group Inc., Bestpak Packaging Solutions, Inc., Netpak Phils., Inc., GL Otometz Corp., Merfel Plastic Manufacturing Inc., Versa Group Philippines Corporation, and Swiss Pac Philippines, among others.
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