Sustainable Pharmaceutical Packaging Market by Material (Glass, Metal, Paper & Paperboard), Packaging Type (Biodegradable, Recyclable, Reusable), Product Type, End-User - Global Forecast 2024-2030

Sustainable Pharmaceutical Packaging Market by Material (Glass, Metal, Paper & Paperboard), Packaging Type (Biodegradable, Recyclable, Reusable), Product Type, End-User - Global Forecast 2024-2030

The Sustainable Pharmaceutical Packaging Market size was estimated at USD 76.39 billion in 2023 and expected to reach USD 85.70 billion in 2024, at a CAGR 12.96% to reach USD 179.33 billion by 2030.

Sustainable production is a growing trend within the pharmaceutical packaging industry to use environmentally friendly materials, processes, and technologies to reduce waste and energy consumption while providing superior performance. Delivering comprehensive sustainability packaging programs for pharmaceutical and healthcare companies across the globe to reduce plastic in packaging design and reduce carbon footprint across the packaging supply chain. The rising consumer preference for eco-friendly packaging, growing pharmaceutical product production, and government initiatives for sustainable packaging are driving market development. However, the requirement of high capital for machine installation and operation and the risk of cross-contamination through eco-friendly materials may hamper the adoption rate of sustainable packaging in the pharmaceutical sector. Nevertheless, the emerging amalgamation activities among major players and the introduction of novel raw materials may create lucrative opportunities for market development in the coming years.

Regional Insights

The EMEA region's sustainable pharmaceutical packaging market is highly evolving and developing owing to advanced recycling facilities, rapid adoption of eco-friendly materials, and favorable government initiatives. Moreover, the European Green Deal ensures reusable packaging options, eliminates unnecessary packaging, limits overpackaging, and provides clear labels to support correct recycling, expanding the market scope. The Asia-Pacific region also covers a significant market share due to the substantial growth of the pharmaceutical industry in the province and the rapid inclination towards environmental protection. Further, governments of Asian countries, such as China, India, Thailand, Singapore, and Malaysia, are eagerly deploying novel regulations and guidelines to encourage people to adopt sustainable and eco-friendly packaging solutions, expanding the market scope. On the other hand, the Market is also widely explored in the American region as players are developing novel sustainable packaging solutions, such as plant-based packaging that uses corn starch, sugarcane, and cassava for pharmaceutical products.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Sustainable Pharmaceutical Packaging Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing consumer preferences towards eco-friendly and recyclable packaging
• Expanding manufacturing of new drugs and medical supplies to reduce burden of diseases
• Government initiatives towards sustainable packaging and utilization of eco-friendly pharma packaging solutions

Market Restraints

• High cost of installation and operations with machines used in sustainable pharmaceutical packaging

Market Opportunities

• Expansion of amalgamation activities among market players to promotes sustainable pharmaceutical packaging
• Innovations in using new raw materials to develop sustainable pharmaceutical packaging

Market Challenges

• Risk associated with cross-contamination of eco-friendly pharmaceutical packaging

Market Segmentation Analysis

• Material: Ongoing innovations focusing on development of biodegradable polymers and recycling programs
• End-User: Pharmaceutical companies prefer innovative packaging to extend product shelf life and maintain integrity

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Sustainable Pharmaceutical Packaging Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Sustainable Pharmaceutical Packaging Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Bormioli Pharma, Loop Partner on Pharmaceutical Packaging

Bormioli Pharma, a pharmaceutical packaging and medical devices company, has joined forces with clean technology innovator Loop Industries. This partnership marks the introduction of a pioneering pharmaceutical bottle crafted from 100% recycled Loop PET resin, aligning with Infinite Loop technology. This technology revolutionizes the recycling process, transforming low-grade PET and polyester fiber waste into high-quality recycled Loop PET resin.

Amcor Launches Next Generation of More Sustainable Packaging for Medical Devices

Amcor, an innovator in responsible packaging solutions, introduces its next-generation Medical Laminates, marking a significant advancement in sustainable pharmaceutical packaging. This pioneering development offers a recyclable, all-film packaging solution specifically designed for the medical sector, utilizing mono-material polyethylene (PE) laminate. This new solution expertly balances the critical need to reduce carbon footprint without compromising device protection and patient safety.

Parksons Packaging Completes Acquisition of MK Printpack

Parksons Packaging Ltd., through its innovative designs and commitment to sustainability, is meeting the demands of the market while setting a new standard for every possibility in the industry. The company has acquired MK PrintPack Private Limited, which is expected to further strengthen Parkson's position in the folding cartons market in India. Their focus on recycled materials, biodegradable materials, and minimizing waste is a testament to their dedication to creating a better, healthier planet for everyone worldwide.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Sustainable Pharmaceutical Packaging Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Sustainable Pharmaceutical Packaging Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amcor Group GmbH, Berry Global, Inc., Bormioli Pharma S.p.A., CCL Industries, Inc., Coleman Container limited, Comar, LLC, Constantia Flexibles International GmbH, Corning Incorporated, DaklaPack Group, Drug Plastics Group, Gerresheimer AG, International Paper, Intertek Group plc, IPACKCHEM Group, KP Holding GmbH & Co. KG, Körber Pharma GmbH, Oliver Healthcare Packaging, Origin Pharma Packaging, PAPACKS Sales GmbH, Schott AG, SGD S.A., SIGMA Medical Supplies Corporation, Ströbel GmbH, Syntegon Technology GmbH, The Dow Chemical Company, Tri-pack Packaging Systems Ltd., Tubettificio Perfektüp S.r.l., Vetter Pharma-Fertigung GmbH & Co. KG, and West Pharmaceutical Services, Inc..

Market Segmentation & Coverage

This research report categorizes the Sustainable Pharmaceutical Packaging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material

Glass

Metal

Paper & Paperboard

Plastic

Bioplastics

High-Density Polyethylene (HDPE)

Low-Density Polyethylene (LDPE)

Polyethylene Terephthalate (PET or PETE)

Polypropylene (PP)

Polystyrene (PS or Styrofoam)

Polyvinyl Chloride (PVC or Vinyl)

Packaging Type

• Biodegradable
• Recyclable
• Reusable
• Product Type
  • Bags
  • Bottles & Jars
  • Caps & Closure
  • Intermediate Bulk Container
  • Medical Speciality Bags
  • Pouches & Stripe Packs
  • Pre-filled inhalers
  • Temperature Controlled Packaging
  • End-User
  • Contract Packaging
  • Institutional Pharmacy
  • Pharmaceutical Manufacturing
  • Retail Pharmacy
  Region
  • Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
  • California
  • Florida
  • Illinois
  • New York
  • Ohio
  • Pennsylvania
  • Texas
  • Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Europe, Middle East & Africa
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Israel
  • Italy
  • Netherlands
  • Nigeria
  • Norway
  • Poland
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • United Arab Emirates
  • United Kingdom
  
  
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