Pharmaceutical Packaging Market

Global pharmaceutical packaging market has been witnessing significant growth in the 2023. Factors such as rising geriatric population, increasing prevalence of chronic diseases, and growing regulatory needs for drug packaging are driving the demand for effective pharmaceutical packaging solutions. Pharmaceutical manufacturers are increasingly focusing on innovative packaging designs to improve patient convenience and safety. Development of anti-counterfeiting technologies is further expected to support the market growth. However, stringent regulatory norms regarding the approval of pharmaceutical packaging products may hamper the pace of innovation. Overall, the market is anticipated to expand at a steady rate during the forecast period. The market is driven by factors such as the increasing aging population, growing prevalence of chronic diseases, and rising demand for flexible and customized packaging formats. However, stringent regulatory standards for pharmaceutical packaging approval pose challenges for the manufacturers. The market also presents opportunities for the development of active packaging solutions embedded with anti-counterfeiting technologies and the use of eco-friendly materials.

Market Dynamics:

Global pharmaceutical packaging market is driven by factors such as increasing aging population, growing prevalence of chronic diseases, and rising demand for flexible and customized packaging formats. However, stringent regulatory standards for pharmaceutical packaging approval pose challenges for the manufacturers. Major opportunities in the market include development of active packaging solutions embedded with anti-counterfeiting technologies. Manufacturers are focused on new product launches featuring tamper evidence bands, radio-frequency identification technologies, and advanced serialization. Besides, growing demand for eco-friendly pharmaceutical packaging provides an opportunity for biodegradable and recyclable materials.

Key features of the study:

• This report provides in-depth analysis of the global pharmaceutical packaging market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global pharmaceutical packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Amcor plc, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Owens-Illinois Inc., West Pharmaceuticals Services Inc., Schott Pharmaceuticals Services Inc., RPC Group Plc and Graphic Packaging International Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global pharmaceutical packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pharmaceutical packaging market.

Detailed Segmentation:

• Global Pharmaceutical Packaging Market, By Material
  • Plastic & Polymers
    • High Density Polyethylene
    • Polyester
    • Low density Polyethylene
    • Polyvinyl Chloride
  • Aluminium Foil
  • Paper and Paperboard
  • Glass
  • Others
• Global Pharmaceutical Packaging Market, By Product Type
  • Plastic Bottles
    • Dispensing Bottles
    • Standard Bottles
    • Jars and Cans
  • Blister Packs
    • Wallet Packs
    • Compartment Packs
  • Caps and Closures
  • Pre-Fillable Syringes
  • Medical Specialty Bags
  • Pouches and Strip Packs
  • Pre-Fillable Inhalers
    • Dry Powder Inhalers
    • Meter Dose Inhalers
  • Medication Tubes
    • Composite Tubes
    • All-Plastic Tubes
    • Collapsible Metal Tubes
  • Others
• Global Pharmaceutical Packaging Market, By End Use Industry
  • Pharmaceutical Manufacturing
  • Retail Pharmacies
  • Contract Packaging
  • Institutional Pharmacies
  • Others
• Global Pharmaceutical Packaging Market, By Livestock
  • Poultry
  • Porcine
  • Equine
  • Aquaculture
  • Others
• Global Pharmaceutical Packaging Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Global Pharmaceutical Packaging Market:
  • Amcor plc.
  • Berry Plastics Corporation
  • MeadWestvaco Corporation
  • Becton Dickinson and Company
  • Owens-Illinois Inc.
  • West Pharmaceuticals Services Inc.
  • Schott Pharmaceuticals Services Inc.
  • RPC Group Plc.
  • Graphic Packaging International Inc.