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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 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.*
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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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