The Asia Pacific Pharmaceutical Packaging Market size is estimated at USD 41.66 billion in 2024, and is expected to reach USD 58.41 billion by 2029, growing at a CAGR of 6.99% during the forecast period (2024-2029).
The demand for pharmaceutical packaging is majorly emerging from densely populated economies like India and China. The increasing pharmaceutical production in these countries has been further boosting the demand.
The Asia-Pacific Pharmaceutical Packaging Market is competitive, with many regional and global players. Some major players are Amcor Ltd., West Pharmaceutical Services, Inc., West Pharmaceutical Services, Inc., CCL Industries Inc., and NIPRO Corporation. Companies are increasing their market share by launching new products and expanding production units. Some of the recent developments are:
In December 2022, Amcor, responsible for packaging solutions, announced the opening of its new state-of-the-art manufacturing plant in Huizhou, China. With an investment of almost USD 100 million, the 590,000-square-foot plant was the largest flexible packaging plant by production capacity in China, further strengthening Amcor's ability to meet growing customer demand throughout Asia Pacific.
In November 2022, West Pharmaceutical Services, Inc. (West) recently extended its seal offerings in Indian and Asia Pacific markets by introducing Gamma Irradiated Flip-Off seals. West launched Gamma Irradiated Flip-Off seals to help pharmaceutical and biopharmaceutical manufacturers protect their products from external contamination while protecting drug quality. These seals were designed and developed to deliver consistent machinability, maintain container closure integrity, and support a safe, convenient user experience.
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