Pharmaceutical Packaging Market, By Material (Plastics and Polymers {Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate, Positronium , Polyethylene, Others}), Paper and Paperboard, Glass, Aluminum Foil, Others), By Product (Primary {Plastic Bottles Caps and Closures, Parenteral Containers, Blister Packs, Pre-fillable Inhalers, Pouches, Medication Tubes, Others}, Secondary {Prescription Containers, Pharmaceutical Packaging Accessories}, Tertiary), By End-Use Industry (Pharmaceutical Manufacturing, Contract Packaging, Retail Pharmacy, Institutional Pharmacy), and By Region (North America, Europe Asia Pacific, Middle East and Africa, South America) — Market Trend and Forecasting to 2030

The Global Pharmaceutical Packaging Market is estimated to reach USD XX million in 2021 and is expected to grow at a CAGR of XX% during the forecast period. Pharmaceutical packaging is an emerging science and engineering discipline, and it has a high impact on the success of the pharmaceutical industry. Nowadays, various polymers, low- and high-density polyethylene and polypropylene, are used in pharmaceutical products packaging.

The pharmaceutical packaging industry has to overcome challenges such as the availability and prices of raw materials and changing rules and regulations regarding the product approval and marketing of pharmaceuticals. The demand to develop sustainable, eco-friendly packaging boosts the manufacturing of pharmaceutical packaging.

There is a growth in the demand for medicines in the pharmaceutical industry due to a rise in healthcare expenses and also awareness amongst the consumer for a healthier lifestyle. In the emerging economies such as Asia Pacific and South America among others, innovation in packaging is given additional effort for patient convenience and also compliance leads to more focus on pharmaceutical packaging.

Due to new therapies that require injection, opportunities in the pharmaceutical packaging market will increase from the pre-fillable syringes and parenteral vials, which will continue to expand with advancements in biotechnology.

TABLE 1: GLOBAL PHARMACEUTICAL PACKAGING MARKET SNAPSHOT

Global Pharmaceutical Packaging Market

Market Segmentation

The global pharmaceutical packaging market is segmented by material, product, end-use industry, and region.

FIGURE 1: GLOBAL PHARMACEUTICAL PACKAGING MARKET SEGMENTATION

Global Pharmaceutical Packaging Market

Global Pharmaceutical Packaging Market, by Material

Based on the material, the global pharmaceutical packaging is segmented into plastic and polymers, paper and paperboard, glass, aluminum foil, and others. The plastic and polymers is further segmented into polyvinyl chloride, polypropylene, polyethylene terephthalate (PET), positronium (PS), polyethylene (PE), and others

Among these, the plastic and polymers segment holds the largest market share in 2021 and is expected to remain the largest segment during the forecast period. The reason for the continued use of plastics and polymers is the durability, strength, and resilience of synthetic polymers. This is why plastic and polymer are used as pharmaceutical packaging materials.

Global Pharmaceutical Packaging Market, by Product

Based on the product, the global pharmaceutical packaging is segmented into primary, secondary, and tertiary. Primary has been further bifurcated into plastic bottles, caps and closures, parenteral containers, blister packs, pre-fillable inhalers, pouches, medication tubes, and others. The secondary segment has been bifurcated into prescription containers and pharmaceutical packaging accessories.

There has been the highest demand for the primary segment in 2019 and it is expected to remain the same during the forecast period. In the primary segment, plastic bottles are commonly used to package over-the-counter (OTC) solid doses, bulk doses, and prescription doses of oral ethical remedies. Plastic bottles are best suited to store the drug in liquid and solid form and can be coupled with the required types of caps and closures like nasal spray and ophthalmic drops.

Growth in the usage of oral delivery mode owing to patient compliance and convenience, rising cases of communicable diseases, and rise in the aging population in the developed economies are the main reason driving the demand for the bottle segment.

Global Pharmaceutical Packaging Market, by End-Use Industry

Based on the end-use industry, the global pharmaceutical packaging is segmented into pharmaceutical manufacturing, contract packaging, retail pharmacy, and institutional pharmacy. The pharmaceutical manufacturing segment holds the largest share in 2021 and is expected to remain the largest segment during the forecast period.

Pharmaceutical manufacturing uses various packaging types, including rigid bottles, standup pouches, flat pouches, sachets, and blister packs for their packaging. Pharmacy packaging products are highly customized products and are bounded by strict regulatory compliances, especially concerning the sterility of the packaging. Thus, the packaging and pharmaceutical product manufacturers work closely during the development of packaging products.

Global Pharmaceutical Packaging Market, by Region

Based on the region, the global pharmaceutical packaging is segmented into North America, Europe Asia Pacific, Middle East and Africa, and South America.

Asia Pacific region is anticipated to record a high CAGR during the forecast period. Consistency in the economic growth along with the increasing population in Asia Pacific region is expected to drive the demand for pharmaceutical packaging during the forecast period. In addition, rising government guidelines and regulations for drug safety are expected to contribute to regional market growth.

The change in the lifestyle and the awareness among the population of Asia pacific regarding the health benefits has led to increasing the demand for pharmaceutical products which had led to an increase in the demand for pharmaceutical packaging.

Table 2: Global Pharmaceutical Packaging Market OverviewPHARMACEUTICAL PACKAGING MARKET

FIGURE 2: GLOBAL PHARMACEUTICAL PACKAGING MARKET OVERVIEW (USD MILLION), 2021-2030

PHARMACEUTICAL PACKAGING MARKET

COVID-19 Impact on Global Pharmaceutical Packaging Market

Packaging activities were considered essential during the pandemic. Pharmaceutical packaging companies benefitted from this and experienced stable revenue growth in 2020. Pharmaceutical packaging companies had increased their productivity to support the increased demand for blister packs, vials, pre-filled syringes, containers, bottles, cartridges, and pouches. This was mainly due to increased demand for COVID-19 related medications, and vaccines.

However, the spread of COVID-19 has also negatively impacted the market due to disruptions in the supply chain, as a result of extended factory closures globally. Logistically, it has been difficult for bottles, blister packaging, pre-fillable syringes, vials, and ampoules manufacturers to provide to pharmaceutical companies.

Recent Developments in the Global Pharmaceutical Packaging Market

  • April 2021- The Amcor's recent innovation accomplishments, the AmSky blister system, has the potential to transform the sustainability of healthcare packaging. PVC is no longer used in blister packaging, allowing Amcor healthcare customers to improve their packaging's recyclability. The first child-resistant and senior-friendly (CRSF) recyclable solution for the moss will be delivered through innovation.
  • March 2021- Aptar Pharma, a global leader in drug delivery systems, services, and active packaging solutions, and Noble, an Aptar Pharma company that leads the globe in drug delivery training device programmes, announced a partnership with done pharma, a Northern European leader in addiction therapy.
  • September 2019- SCHOTT has announced a USD 1000 million investment in its pharmaceutical packaging market to expand capacity by more than 50 %. Now SCHOTT has achieved a milestone, delivering vials to three out of every four COVID-19 vaccine projects undergoing phase 1, 2, and 3 testing. The investment was provided in September 2020.

 What Does This Report Provide?

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments during the forecast period. For the purpose of this study, research has segmented the global pharmaceutical packaging market report on the basis of material, product, end-use industry, and region.

Market Segmentation:

By Material

  • Plastics and Polymers
    • Polyvinyl Chloride
    • Polypropylene
    • PET
    • PE
    • PS
    • Others
  • Paper and Paperboard
  • Glass
  • Aluminum Foil
  • Others

By Product

  • Primary
    • Plastic Bottles
    • Caps and Closures
    • Parenteral Containers
    • Blister Packs
    • Pre-fillable Inhalers
    • Pouches
    • Medication Tubes
    • Others
  • Secondary
    • Prescription Containers
    • Pharmaceutical Packaging Accessories
  • Tertiary

By End-Use Industry

  • Pharmaceutical Manufacturing
  • Contract Packaging
  • Retail Pharmacy
  • Institutional Pharmacy

By Region

North America Pharmaceutical Packaging Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Material
  • North America, by Product
  • North America, by End-Use Industry

Europe Pharmaceutical Packaging Market

  • Europe, by Country
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Turkey
  • Europe, by Material
  • Europe, by Product
  • Europe, by End-Use Industry

Asia Pacific Pharmaceutical Packaging Market

  • Asia Pacific, by Country
    • China
    • Japan
    • India
    • South Korea
  • Asia Pacific, by Material
  • Asia Pacific, by Product
  • Asia Pacific, by End-Use Industry

South America Pharmaceutical Packaging Market

  • South America, by Country
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Material
  • South America, by Product
  • South America, by End-Use Industry

Middle East and Africa Pharmaceutical Packaging Market

  • Middle East and Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East
  • Middle East and Africa, by Material
  • Middle East and Africa, by Product
  • Middle East and Africa, by End-Use Industry

Major Companies: Major companies operating in the market are Schott AG, Amcor, Aptar Group, West Pharmaceutical Services, Inc., Berry Global, Gerresheimer AG, Catalent, WestRock

Objectives of this Report:

  • To estimate the market size for the global pharmaceutical packaging market on a regional and global basis
  • To identify major segments in the global pharmaceutical packaging and evaluate their market shares and demand
  • To provide a competitive scenario for the global pharmaceutical packaging market with major developments observed by the key companies in the historic years
  • To evaluate key factors governing the dynamics of the global pharmaceutical packaging market with their potential gravity during the forecast period
  • To evaluate the leading company-wise pricing analysis for the mentioned applications

Key Questioned Answered in the Study:

  • What are major growth drivers and market trends that impacting on the global pharmaceutical packaging market?
  • What is the market size both in terms of value and volume for the global pharmaceutical packaging market?
  • Who are the leading market players and who are the new market players that operate in the global pharmaceutical packaging market with an estimated market share?
  • What are the future investment pockets and opportunities in the global pharmaceutical packaging market?
  • Major list of customers and potential futuristic customer list along with an estimated buying volume
  • Impact of COVID-19 on the global pharmaceutical packaging market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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