Pharmaceutical Packaging Market Size
Estimated at over USD 110 billion in 2022, the pharmaceutical packaging market is expected to rise at a CAGR of over 13% between 2023 and 2032. medicinal packaging is the designing, building, and manufacturing process used for containers or packaging materials for medicinal products. From the time of manufacture to the point of delivery, these drugs protect and preserve the efficacy, effectiveness, and power of pharmaceuticals. Different materials are used depending on the prescription for the drug.
Some drugs, for example, should be packed in glass containers to prevent reactions with their contents. Other drugs, nevertheless, might fit plastic or other metal containers really nicely. Growing consumer tastes for better living and growing use of sophisticated medicine delivery methods are driving expansion in the pharmaceutical packaging sector. To increase in the Indian market, Amcor, a packaging solutions supplier firm, bought Phoenix Flexibles, situated in Gujarat (India), for August 2023. Phoenix Flexibles focuses in food flexible packaging, home and personal care, and household goods.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Pharmaceutical Packaging Market Size in 2022 | USD 110 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 13% |
| 2032 Value Projection | USD 400 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 282 |
| Segments covered | Packaging type, material type, end use, and region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Scientific and technological developments for drug delivery and medicine packaging are driving amazing expansion in the pharmaceutical packaging sector. With an increasing number of biological drugs developed recently, the pharmaceutical sector is undergoing major change. A few biotechnology-driven medical treatments use lyophilized or dry powder dosing since their instability in liquid form. For best functioning, such dry forms need different packing.
The extended product development cycles and high expenses that postpone the approval of new pharmaceuticals and their packaging are driving counterfeit drugs and fake packaging to be more freely available. False drugs are produced with incorrect ingredients, which taken could cause allergic responses or possibly death. Developing countries such China, the Philippines, Vietnam, and others are seeing the most incidents of counterfeit medications and false packaging. Fake goods pose a serious threat to consumer health and protection against such products; so, the healthcare sector faces a great difficulty as well as a negative effect on the expansion of the market.
COVID-19 Impact
Human-Like EditThe medical field suffered much from the COVID-19 epidemic. Critical drugs, medical personnel, and tools were desperately scarce in hospitals and clinics. Supply networks collapsed, and patients' access to basic medications was seriously disrupted. The virus struck China, a main provider of pharmaceuticals and medical supplies, severely. This resulted in a general shortfall of everything from ventilators to face masks. The healthcare system was nearing its capacity, and stability in the pharmaceutical industry was rocked. The medical profession had to rush to find means of increasing output and distribution in order to meet these difficulties. Companies in pharmaceutical packaging raised their production to satisfy the explosive demand for vials and blister packs, among other packaging materials. The epidemic made clear how weak our healthcare systems are and how much more we should be ready for further disturbances. It became evident that guaranteeing that necessary medical treatment stays available in times of crisis depends on funding strong supply chains, infrastructure, and manpower.
Pharmaceutical Packaging Market Trends
Imagine little delivery vehicles known as nanoparticles that may bring medication right to your body's demand. With increasingly common nano-drug delivery methods, that is what is happening. Particularly beneficial for treating disorders including heart disease, cancer, and diabetes, these innovative technologies can provide medicine precisely and progressively release it over time. Regarding cardiac illness, nano-drug delivery can provide medication straight to particular parts of the heart, hence optimizing treatment. Children-resistant packaging (CRP) also keeps dangerous products out of reach for the younger ones. The sector is also expanding as CRP's increasing usage for medicine delivery drives demand.
Among the main causes driving the rising demand for pharmaceutical packaging are rising product developments, sophisticated manufacturing techniques for developing sustainable packaging solutions, the advent of generic pharmaceuticals, and serialized tracking and tracing of drugs.
Pharmaceutical Packaging Market Analysis
Based on packaging type, the market is segmented into blister packs, bottles, syringes, vials & ampoules, sachets, and others. The blister packs segment dominated the market with a share of over 25% in 2022.
- Patients will find it easier to adhere to their prescribed medication dosages as they are presented in a clear and orderly manner. Each dose is marked, and there is a low chance of dosing errors.
- Blister packs are a highly tamper-evident medication, which improves patient safety. Moreover, both pharmacies & pharmaceutical manufacturers can save money by using blister packs as they lessen the possibility of over-dispensing and can be produced in large quantities.
Based on material type, the market is divided into plastics & polymers, paper & paperboard, glass, aluminum foil, and others. The paper & paperboard segment is anticipated to register a CAGR of over 14% till 2032.
- Paper and paperboard are sustainable options for pharmaceutical packaging as they are recyclable & biodegradable. Environmentally friendly packaging options are given top priority by many pharmaceutical companies.
- Compared to other packaging materials, such as plastics or metals, paper and paperboard are typically less expensive. Paper-based production and distribution result in cost reductions.
- Good printability on paper & paperboard enables the use of premium graphics, branding, and information display.
North America resembles the global equivalent of a medicine cabinet! It dominates more than thirty percent of the worldwide pharmaceutical packaging industry by 2022. This is so because the area boasts a first-class healthcare system, spends a lot of money on creating new pharmaceuticals, and has people making decent wages. Still, hold on tightly since North American pharmaceutical packaging seems to have even more promising future. For this market, items like improved healthcare access and more generic medication availability are like rocket fuel. Not to mention the American 21st Century Cures Act, which is like a medical innovation adrenaline shot. All of this is projected to keep the North American pharmaceutical packaging sector expanding wildingly for years to come.
Pharmaceutical Packaging Market Share
Players in the pharmaceutical packaging industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Many players are also focusing on utilizing Post-Consumer Recycled (PCR) materials for the sustainable development of packaging solutions. These players heavily invest in research & development to introduce innovative solutions in the pharmaceutical packaging industry. Some major players operating in the pharmaceutical packaging industry are
- Amcor plc
- Berry Global, Inc.
- Catalent, Inc.
- Drug Plastics Group
- Gerresheimer AG
- Schott AG
Pharmaceutical Packaging Industry News
- In September 2022, Gerresheimer AG and Stevanato Group announced a collaborative development of a ready-to-use vial platform, which is based on Stevanato Group’s EZ-fill technology. This collaboration helped customers to gain efficiencies and reduce the total product cost.
The pharmaceutical packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
Market, By Packaging Type
- Blister Packs
- Bottles
- Syringes
- Vials & Ampoules
- Sachets
- Others
Market, By Material Type
- Plastics & Polymers
- Paper & Paperboard
- Glass
- Aluminum Foil
- Others
Market, By End Use
- Pharma Manufacturing
- Contract Packaging
- Retail Pharmacy
- Institutional Pharmacy
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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