Pharmaceutical Packaging

Pharmaceutical Packaging Market Size To Accumulate USD 191.21 Bn By 2027

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The pharmaceutical packaging market size is estimated to reach US$ 191.21 billion by the end of 2027, registering a CAGR of 8.6% from 2020 to 2027. The report provides the overall revenue of the global pharmaceutical packaging market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Report Highlights

  • North America led the global market and account for a value share of around 38% in 2019 due to significant presence of leading pharmaceutical players in the region
  • The Asia Pacific projected to witness the fastest growth rate of nearly 12% over the forthcoming years owing to rapidly increasing population along with steady economic growth in the region
  • Primary pharmaceutical packaging product segment captured the maximum value share of nearly 75% and projected to retain its position over the analysis period
  • The secondary product segment projected to witness a CAGR of approximately 7.5% over the forecast period owing to significant usage in logistics &transportation
  • In 2019, pharmaceutical manufacturing held the largest revenue share of around 36% and projected to maintain the same trend over the forthcoming years due to increasing demand for better medical facilities
  • Increasing preference for outsourcing service rather than investing on the establishment of packaging infrastructure projected to propel the growth of contract packaging segment

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Growth Factors

Growing pharmaceutical industry especially in the developing countries because of high spending on healthcare infrastructure growth along with rising health awareness in the countries expected to prominently drive the market growth. Further, increasing demand for patient-oriented drugs and medicines is the other most important factor that triggers the demand for pharmaceutical packaging solution.

Demographic trends that include rising population along with rapid aging of population expected to fuel the requirement for pharmaceutical products, thereby propels the growth for pharmaceutical packaging solution over the analysis period. In addition, increasing demand for generic drugs because of their affordability along with development of new drugs further projected to drive the market growth for pharmaceutical packaging during the forthcoming years.

Various packing solutions used for pharmaceuticals effectively prevent the contamination as well as they offer drug safety along with the convenience in transportation and handling. Hence, pharmaceutical packaging is required for balancing several complex factors. Apart from this, high cost of these packaging solutions due to anti-counterfeiting efforts and stringent regulations is likely to hamper the market growth. Thus, rising packaging costs is one of the major challenges faced by the manufacturers of pharmaceutical packaging solutions.

Report Scope of the Pharmaceutical Packaging Market

Report Coverage Details
Market Size USD 191.21 Billion by 2027
Growth Rate CAGR of 8.6% From 2020 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2020 to 2027
Segments Covered Product, Application, Material
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Companies Mentioned Becton, Dickinson and Company, Amcor Plc, AptarGroup, Inc., Gerresheimer AG, Drug Plastics Group, Schott AG, West Pharmaceutical Services Inc., Owens Illinois Inc., Berry Global, Inc, SGD S.A., WestRock Company

Regional Snapshots

North America is commonly known for the technological advancements along with product innovations that motivate drug manufacturers to offer advanced packaging solutions within the pharmaceutical industry. Major factors contributing towards the growth of the region include advancement in nanotechnology used for manufacturing processes coupled with the technological innovation, rising demand for blister packaging and drug delivery devices, to the pharmaceutical packaging market.

The United States anticipated being the largest pharmaceutical packaging market in North America because of its advanced drug production facility that commercializes new and sophisticated therapies that require specialized packaging solutions. However, the Asia Pacific expected to grow at a prominent rate over the analysis period owing to rising health awareness and disposable income in the region.

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Key Players & Strategies

The global leaders in the pharmaceutical packaging industry are present on both regional and local level that turns the market into fragmented. Further, these market players are focusing prominently on the product development and enhancement. In the wake of same, they invest significantly on the R&D sector. This strategy of the leading industry participants also helps them to maintain their position as well as to grab maximum hold on the global market.

Some of the prominent players in the pharmaceutical packaging market include:

  • Becton, Dickinson and Company
  • Amcor Plc
  • AptarGroup, Inc.
  • Gerresheimer AG
  • Drug Plastics Group
  • Schott AG
  • West Pharmaceutical Services Inc.
  • Owens Illinois Inc.
  • Berry Global, Inc
  • SGD S.A.
  • WestRock Company
  • International Paper Company
  • CCL Industries Inc.
  • COMAR LLC
  • Vetter Pharma International

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of product, material, application, and region:

By Product

  • Tertiary Pharmaceutical Packaging
  • Secondary Pharmaceutical Packaging
    • Pharmaceutical Packaging Accessories
    • Prescription Containers
  • Primary Pharmaceutical Packaging
    • Caps & Closures
    • Plastic Bottles
    • Parenteral Containers
    • Prefillable Inhalers
    • Blister Packs
    • Medication Tubes
    • Pouches
    • Others

By Material

  • Paper & Paperboard
  • Plastics & Polymers
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Polyvinyl Chloride (PVC)
    • Others
  • Glass
  • Aluminum Foil
  • Others

By Application

  • Retail Pharmacy
  • Pharmaceutical Manufacturing
  • Institutional Pharmacy
  • Contract Packaging
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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 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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