The global pharmaceutical packaging market size was valued at USD 90.2 Bn in 2021 and is estimated to reach USD 144.2 Bn by 2028, recording a CAGR of 8.9% throughout the projection period. Pharmaceutical producers are focusing more on product diversification and brand improvement as retail pharmacies become more prevalent in emerging nations. It is expected that these factors will stimulate market expansion. The majority of formulations are stored in their solid, liquid, and semisolid forms, such as tablets, capsules, syrups, and topical medical formulations, using products for packaging.
Since it is inevitable to protect, preserve, and store different pharmaceutical products including pharmaceuticals, medications, and others, pharmaceutical packaging is a crucial area of the packaging industry. Pharmaceutical packaging can be created using any of these materials: plastic, glass, metal, and paper. Pharmaceutical packaging has multiple functions, including product protection, information transfer, and marketing. It consists of a range of products, including bottles, jars, vials, ampoules, blisters, bags & pouches, pre-fillable syringes, containers, and more.
Based on the packaging type, the global market for pharmaceutical packaging is segmented into primary, secondary, and tertiary. The most revenue share was contributed by the primary segment in 2021, and it is anticipated that it would continue to lead during the projection period. Primary packaging, which includes bottles, tubes, and blister packs, comes into direct contact with the medication and envelops it, shielding it from contamination. Additionally, it frequently handles the dosage and distribution of drug ingredients. In order to help the elderly population with drug dosing, packaging companies are concentrating on easy-to-open closures and the incorporation of dispensing technologies that give the proper dose at the right time.
A consecutive covering or package used to store multiple groups of pharmaceutical packages together and shield them from damage from external impacts is known as secondary pharmaceutical packaging. Secondary packaging is largely used for logistics, where grouping numerous products together provides ease of handling, branding, and display, which are crucial elements of the product's marketing strategy.
On account of the rising disposable income, growing populations, and growing attention to life expectancy, the pharmaceutical sector is expected to grow significantly, especially in developing nations such as China, and Brazil. This is expected to be the main driver for market growth. Additionally, the market growth is projected to be boosted by pharmaceutical packaging solution providers' increased focus on sustainability and their use of recyclable and biodegradable materials. Furthermore, it is predicted that the market's players will have a lot of room to grow as people increasingly favor handy packaging options such as auto-injectors and prefilled syringes.
It is also anticipated that rising patient demand for patient-focused treatments and medications will favorably impact market growth. There is expected to be a rise in the pharmaceutical packaging industry as a result of the fact that some medications are produced utilizing human, animal, or microbe cells and are frequently heat sensitive and prone to contamination.
North America is expected to dominate the market share during the forecast period as a result of the increasing healthcare expenditure and technological advancement in the global market. The production of premium packaging for the pharmaceutical business is projected to become more prevalent, driving the market growth. Blister packaging, increasing demand for home delivery of medications, and the introduction of nanotechnology development in manufacturing processes are the key drivers predicted to drive the global pharmaceutical packaging industry in the region.
Asia Pacific is anticipated to experience the fastest growth rate in the pharmaceutical packaging market throughout the forecast period due to the region's growing elderly population and increasing prevalence of chronic pain. The market for pharmaceutical packaging is projected to expand as a result of recent technological developments. For instance, in January 2022, SCHOTT introduced structural glass chip packaging to Advanced Packaging.
Manufacturers of pharmaceutical packaging are concentrating on environmentally friendly packaging to lessen their impact and boost recycling rates. Additionally, these prominent companies employ a number of business methods, such as mergers and acquisitions, partnerships, joint ventures, and product development and innovation.
Key companies profiled in the global market for pharmaceutical packaging market include SCHOTT AG, Amcor plc, AptarGroup, Inc., West Pharmaceutical Services, Inc., Berry Global Inc., Gerresheimer AG, WestRock Company, Becton, Dickinson U.K. Ltd, O-I Glass, Inc., SGD Pharma, Comar, CCL Industries, Vetter Pharma-Fertigung GmbH & Co. KG, and others.
Since it is inevitable to protect, preserve, and store different pharmaceutical products including pharmaceuticals, medications, and others, pharmaceutical packaging is a crucial area of the packaging industry. Pharmaceutical packaging can be created using any of these materials: plastic, glass, metal, and paper. Pharmaceutical packaging has multiple functions, including product protection, information transfer, and marketing. It consists of a range of products, including bottles, jars, vials, ampoules, blisters, bags & pouches, pre-fillable syringes, containers, and more.
Based on the packaging type, the global market for pharmaceutical packaging is segmented into primary, secondary, and tertiary. The most revenue share was contributed by the primary segment in 2021, and it is anticipated that it would continue to lead during the projection period. Primary packaging, which includes bottles, tubes, and blister packs, comes into direct contact with the medication and envelops it, shielding it from contamination. Additionally, it frequently handles the dosage and distribution of drug ingredients. In order to help the elderly population with drug dosing, packaging companies are concentrating on easy-to-open closures and the incorporation of dispensing technologies that give the proper dose at the right time.
A consecutive covering or package used to store multiple groups of pharmaceutical packages together and shield them from damage from external impacts is known as secondary pharmaceutical packaging. Secondary packaging is largely used for logistics, where grouping numerous products together provides ease of handling, branding, and display, which are crucial elements of the product's marketing strategy.
On account of the rising disposable income, growing populations, and growing attention to life expectancy, the pharmaceutical sector is expected to grow significantly, especially in developing nations such as China, and Brazil. This is expected to be the main driver for market growth. Additionally, the market growth is projected to be boosted by pharmaceutical packaging solution providers' increased focus on sustainability and their use of recyclable and biodegradable materials. Furthermore, it is predicted that the market's players will have a lot of room to grow as people increasingly favor handy packaging options such as auto-injectors and prefilled syringes.
It is also anticipated that rising patient demand for patient-focused treatments and medications will favorably impact market growth. There is expected to be a rise in the pharmaceutical packaging industry as a result of the fact that some medications are produced utilizing human, animal, or microbe cells and are frequently heat sensitive and prone to contamination.
In March 2022, Berry Global and Pylote introduced an ophthalmic multidose dropper that combines high barriers with exceptional antimicrobial protection qualities. By doing this, patients' risk of microbial infections will be reduced.
North America is expected to dominate the market share during the forecast period as a result of the increasing healthcare expenditure and technological advancement in the global market. The production of premium packaging for the pharmaceutical business is projected to become more prevalent, driving the market growth. Blister packaging, increasing demand for home delivery of medications, and the introduction of nanotechnology development in manufacturing processes are the key drivers predicted to drive the global pharmaceutical packaging industry in the region.
Asia Pacific is anticipated to experience the fastest growth rate in the pharmaceutical packaging market throughout the forecast period due to the region's growing elderly population and increasing prevalence of chronic pain. The market for pharmaceutical packaging is projected to expand as a result of recent technological developments. For instance, in January 2022, SCHOTT introduced structural glass chip packaging to Advanced Packaging.
Manufacturers of pharmaceutical packaging are concentrating on environmentally friendly packaging to lessen their impact and boost recycling rates. Additionally, these prominent companies employ a number of business methods, such as mergers and acquisitions, partnerships, joint ventures, and product development and innovation.
Key companies profiled in the global market for pharmaceutical packaging market include SCHOTT AG, Amcor plc, AptarGroup, Inc., West Pharmaceutical Services, Inc., Berry Global Inc., Gerresheimer AG, WestRock Company, Becton, Dickinson U.K. Ltd, O-I Glass, Inc., SGD Pharma, Comar, CCL Industries, Vetter Pharma-Fertigung GmbH & Co. KG, and others.
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