Pharmaceutical Packaging

Pharmaceutical Packaging

Global Pharmaceutical Packaging Market to Reach US$232.7 Billion by 2030

The global market for Pharmaceutical Packaging estimated at US$134.4 Billion in the year 2023, is expected to reach US$232.7 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2023-2030. Plastics & Polymers-based Pharmaceutical Packaging, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$114.0 Billion by the end of the analysis period. Growth in the Paper & Paperboards-based Pharmaceutical Packaging segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$44.9 Billion While China is Forecast to Grow at 9.8% CAGR

The Pharmaceutical Packaging market in the U.S. is estimated at US$44.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.5 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.7% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Global Pharmaceutical Packaging Market - Key Trends and Drivers Summarized

Pharmaceutical packaging or drug packaging refers to the packaging solutions as well as the packaging processes related to various pharmaceutical preparations. As an integral part of the pharmaceutical industry, pharmaceutical packaging is a highly regulated industry, with differences existing based on country of origin or region. Types of pharmaceutical packaging vary widely, encompassing blister packs, bottles, vials, ampules, and syringes, among others. Each type is tailored to different requirements based on the chemical and physical properties of the medication, regulatory compliance, and patient convenience. Innovations in materials and design have led to features such as tamper-evidence, child resistance, and mechanisms for improving patient compliance with dosage schedules.

Recent advancements in pharmaceutical packaging focus on enhancing patient safety and compliance, increasing the use of sustainable materials, and incorporating advanced technologies. Smart packaging, equipped with electronic features such as QR codes, RFID tags, and sensors, is gaining traction. These technologies help in monitoring environmental conditions during shipping, verifying authenticity, tracking usage, and providing vital information directly to patients and healthcare providers. Furthermore, there is a strong trend towards sustainability in pharmaceutical packaging, with an increasing number of companies investing in biodegradable and recyclable materials to reduce environmental impact. This shift is supported by stringent regulations and growing consumer awareness about environmental issues. Labeling & serialization is anticipated to grow at a significant pace, owing to enforcement of stringent environmental and labeling regulations, and a growing need for product traceability, arising from rising overseas shipments and Internet-based procurement.

The growth in the pharmaceutical packaging market is driven by several factors including stringent regulatory requirements for the safety and quality of pharmaceutical products, which mandate the use of advanced packaging solutions. The advent of novel biochemical compounds and drug delivery systems along with innovations in pharmaceuticals like blow fill seal vials, prefilled syringes and powder applications are influencing the packaging market. The global market is bolstered by growth of the generic and OTC drugs market, advent of integrated, flexible and automated packaging equipment, and enforcement of stringent packaging regulations to discourage counterfeit products. Another factor driving the market growth is rising geriatric population and increasing incident of chronic conditions, The increasing global pharmaceutical production and the expansion of the healthcare sector, particularly in emerging markets, also significantly contribute to market expansion. Technological innovations, such as the development of anti-counterfeit measures and condition-sensitive packaging, are vital in addressing the concerns about drug safety and efficacy. Additionally, the rising prevalence of chronic diseases has led to an increase in the demand for pharmaceuticals that require specialized packaging solutions to ensure stability and dosing accuracy.

Select Competitors (Total 246 Featured) -

• Bemis Co., Inc.
• Ball Corporation
• Applied DNA Sciences, Inc.
• Bilcare Ltd.
• Agrado SA
• Bisio Progetti S.P.A.
• Beatson Clark PLC
• ACG Pharmapack Pvt., Ltd.
• Acme Vials and Glass Company, LLC
• Arab Pharmaceutical Glass Co.
• Action Packaging & Design, Inc.
• Assemblies Unlimited, Inc.
• Abhishek Glass International Pvt. Ltd.
• BeyonDevices
• As One Corporation

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