Pharmaceutical Contract Packaging

Pharmaceutical Contract Packaging Marekt to Accrue USD 47.5 Bn Valuation By 2027

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The pharmaceutical contract packaging market size is estimated to reach US$ 47.5 billion by the end of 2027, registering a CAGR of 6.8% from 2020 to 2027. The report provides the overall revenue of the global pharmaceutical contract packaging market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Contract packaging can be a compositeor easy process as it is adaptedas perexplicit scope of the packaging product, which differs significantly across the commercial retail, or trade sectors. Contract packaging and co-packaging playersoffer contract packaging services to product manufacturers and frequently act as an extension of the organization. Pharmaceutical contract packaging means sub contracting of secondary operations such as drug labelling and packaging third parties. A contract pharmaceutical packager offers services that include designing drug packing and testing of the packed drug. Foremost pharmaceutical players are now authorizing the operation of packaging of product to those service providers who are skillful and devoted in handling packaging of medicines.

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Report Highlights

  • Asia Pacific expected to record fastest growth rate due to the intensifying requirement for medicines amongst COVID-19 epidemic and snowballing dependence on contract manufacturing organizations owed to better-quality competence and output
  • The primary packaging segment grasp the major market revenue share due to the upsurge in sub contracting of primary wrapping tasks to CPOs
  • The glass segment held the considerable revenue share of more than 35% in 2019 owing to mid sized and small pharmaceutical companies who do not possess glass wrapping abilities
  • North America hit largest revenue share of the global pharmaceutical contract packaging market in 2019

Growth Factors

Global pharmaceutical industry is shifting at an unparalleled pace. Novel biological treatments for cancer, and a substantial upsurge of prevalent diseases like diabetes generates demand for processing and packaging and solutions to realize the several requirements across the globe. Revolutionary changes are happening in the sector of biological therapies concerning the cancer treatment and autoimmune diseases, also rare illnesses that only distress a very small number of patients. Subsequently, numerous global drug manufacturers are presently concentrating on the growth of novel formulations and have sub contracted their closing, filling, and packing tasks of leading products to contract manufacturers, which are founded in the markets such as India and China. All manufacturers need extremely flexible equipment that can adjust to new-fangled products and packing formats rapidly.

Snowballing strict quality necessities and subcontracting of pharmaceutical packaging to contract packagers in emergent nations are anticipated to support the market during years to come. Pharmaceutical players are subcontracting the packaging operations to contract packagers to decrease the total speed and cost of production to market. This is predicted to subsidize to the market expansion during next few years. Additionally, deficiency of in-house packaging competences, proficiency, and budget restrictions are the few crucial problems confronted by small pharmaceutical firms in the market. Contract packaging service providers are considered as an operative way to limit such problems of the small companies due to the affordable service offering.Deficiency of resources and finances has encouraged several small pharmaceutical players to recognized mutually advantageous associations with CDMOs and CPOs.

Report Scope of the Pharmaceutical Contract Packaging Market

Report Coverage Details
Market Size USD 47.5 Billion by 2027
Growth Rate CAGR of 6.8% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Product Type, Material Type, Region Type
Companies Mentioned AmerisourceBergen Corp., SCHOTT AG, WestRock Co., Becton, Dickinson and Co., Constantia Flexibles Group GmbH, Bilcare Ltd., CCL Industries Inc., Berlin Packaging, FedEx Corp.

Regional Snapshots

North America dominates the global in pharmaceutical contract packaging marketplace on account of U.S. been global front-runner in drug manufacturing for numerous diseases. Asia Pacific is probable to eyewitness the rapid over next few years because of the occurrence of a great number of contract packaging service providers in the region. These companies are concentrating on escalating their services to cater the rising requirements of pharmaceuticals players. Further, snowballing the subcontracting pharmaceutical packaging to developing nations like India is further thriving the growth of the market in the APAC.

Escalating health awareness and swelling stress on the pharma players for reduction of the cost is added reason to further reinforce the growth of the pharmaceutical contract packaging market. Pharmaceutical drugs such as allopathic, antibiotic and alternative have huge request from consumers from APEJ nations. The development of pharmaceutical players in APEJ region will lift the market of pharmaceutical contract packaging as most of these players doesn’t engross itself in packingand wrapping of medicine. Western Europe nations including France, Germany, and U.K. are also progressing with a decent speed towards pharmaceutical contract packaging to curbadded operational expenditures of packaging for pharmaceutical firms.

Regional Snapshots

North America dominates the global in pharmaceutical contract packaging marketplace on account of U.S. been global front-runner in drug manufacturing for numerous diseases. Asia Pacific is probable to eyewitness the rapid over next few years because of the occurrence of a great number of contract packaging service providers in the region. These companies are concentrating on escalating their services to cater the rising requirements of pharmaceuticals players. Further, snowballing the subcontracting pharmaceutical packaging to developing nations like India is further thriving the growth of the market in the APAC.

Escalating health awareness and swelling stress on the pharma players for reduction of the cost is added reason to further reinforce the growth of the pharmaceutical contract packaging market. Pharmaceutical drugs such as allopathic, antibiotic and alternative have huge request from consumers from APEJ nations. The development of pharmaceutical players in APEJ region will lift the market of pharmaceutical contract packaging as most of these players doesn’t engross itself in packingand wrapping of medicine. Western Europe nations including France, Germany, and U.K. are also progressing with a decent speed towards pharmaceutical contract packaging to curbadded operational expenditures of packaging for pharmaceutical firms.

Key Players & Strategies

Some of the chief players involved in the contract pharmaceutical packaging are Becton, Dickinson and Co., AmerisourceBergen Corp., and Berlin Packaging. Few otherplayers operating in the pharmaceutical contract packaging market arena are SCHOTT AG, Amcor plc, Bosch Packaging Technology GmbH., , Catalent, Inc, KlöcknerPentaplast, Gerresheimer AG, Bausch+Ströbel, AptarGroup, Inc., Wipak Oy, WestRock CompanyRobert DuPont de Nemours, Inc., among other local and international player.

Though the snowballing number of new drug approvals by the FDA will offer enormous growth openings, the appearance of in-house packaging will challenge the progress of the market players. To make the most of the prospects, market players should emphasis more on the development outlook in the strong-growing segments, whereas upholding their foothold in the slow-growing market segments.

Segments Covered in the Report

This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2016 to 2027. This report includes market segmentation and its revenue estimation by classifying it on the basis of material, product and region as follows:

By Product

  • Primary Packaging
    • Ampoules
    • Bottles
    • Blister Packs
    • Others
  • Secondary Packaging
  • Tertiary Packaging

By Material

  • Paper & Paperboard
  • Plastics & Polymers
  • Aluminum Foil
  • Glass
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • North Africa
    • Rest of Middle East & Africa

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s pharmaceutical contract packaging market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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