Pharmaceutical Contract Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Pharmaceutical Contract Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global pharmaceutical contract packaging market size reached US$ 20.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

Drugs need to be packed safely after production to offer optimum pharmacological effects to patients. As a result, pharmaceutical companies worldwide resort to outsourcing of secondary operations, which include labeling and packaging of drugs, to contract firms. These firms also provide secondary services, such as assembling and secondary packaging of vials, auto-injectors, and prefilled syringes. As pharmaceutical contract packaging is relatively flexible, profitable, and helps keep up with the dynamic market scenario, its demand is escalating worldwide.

Pharmaceutical Contract Packaging Market Trends:
The lack of expertise, budget constraints, and in-house packaging capabilities are major issues encountered by small pharmaceutical companies in the industry. As a result, there is a rise in the demand for pharmaceutical contract packaging services across the globe. Pharmaceutical contract packaging vendors can undertake several types of packaging projects and easily sort issues arising from complex packaging requirements. These vendors are also investing in research and development activities to enhance the quality of their offerings. In addition, contract packaging service providers are making considerable attempts to offer highly sophisticated packaging facilities and meet the expectations of their clients. Apart from this, the implementation of stringent rules and regulations by the governing authorities of numerous countries regarding the packaging of drugs acts as another growth-inducing factor of the market. Furthermore, the increasing utilization of smart packaging solutions, such as smart labels, is projected to strengthen the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pharmaceutical contract packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on industry, type and packaging.

Breakup by Industry:

Small Molecule
Biopharmaceutical
Vaccine

Breakup by Type:

Sterile
Non-Sterile

Sterile pharmaceutical contract packaging holds the largest market share on account of the stringent standards set by hospital authorities worldwide to prevent the transmission of different diseases.

Breakup by Packaging:

Plastic Bottles
Caps and Closures
Blister Packs
Prefilled Syringes
Parenteral Vials and Ampoules
Others

Plastic bottles dominate the market as they are lightweight, convenient, re-sealable and safe from shattering, unlike glass bottles.

Breakup by Region:

United States
Europe
China
India
Others

At present, the United States enjoys the leading position in the market due to the quality service offerings in the country.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:


How has the global pharmaceuticals contract packaging market performed so far and how will it perform in the coming years?
What are the key regional markets in the global pharmaceutical contract packaging industry?
What has been the impact of COVID-19 on the global pharmaceutical contract packaging market?
What are the type of packaging in the global pharmaceutical contract packaging industry?
What are the key industries in the global pharmaceutical contract packaging industry?
What are the key product type in the global pharmaceutical contract packaging industry?
What are the various stages in the value chain of the global pharmaceutical contract packaging industry?
What are the key driving factors and challenges in the global pharmaceutical contract packaging?
What is the structure of the global pharmaceutical contract packaging industry and who are the key players?
What is the degree of competition in the global pharmaceutical contract packaging industry?
What are the profit margins in the global pharmaceutical contract packaging industry?
What are the key requirements for setting up a pharmaceutical contract packaging plant?
What are the various unit operations involved in a pharmaceutical contract packaging plant?
What is the total size of land required for setting up a pharmaceutical contract packaging plant?
What are the machinery requirements for setting up a pharmaceutical contract packaging plant?
What are the raw material requirements for setting up a pharmaceutical contract packaging plant?
What are the packaging requirements for pharmaceutical contract packaging?
What are the transportation requirements for pharmaceutical contract packaging?
What are the utility requirements for setting up a pharmaceutical contract packaging plant?
What are the manpower requirements for setting up a pharmaceutical contract packaging plant?
What are the infrastructure costs for setting up a pharmaceutical contract packaging plant?
What are the capital costs for setting up a pharmaceuticas contract packaging plant?
What are the operating costs for setting up a pharmaceutical contract packaging plant?
What will be the income and expenditures for a pharmaceutical contract packaging plant?
What is the time required to break-even?