REDDING,
Calif., May 3, 2024 /PRNewswire/ -- According to a
new market research report titled, "Pharmaceutical
Packaging Market by Material (Polymer [PE, PP, PET],
Glass) Type (Bottles, Blister, PFS, Caps, Vials, Ampoules, Sachet,
Inhaler) Dosage Form (Oral, Parenteral, Topical), and End User –
Global Forecast to 2031,' published by Meticulous
Research®, the global pharmaceutical packaging market is
projected to reach $176.54 billion by
2031 at a CAGR of 7.6% from 2024 to 2031.
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Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5298
Pharmaceutical packaging includes the materials and components
essential for storing, preserving, protecting, distributing, and
delivering safe and effective drug products. It comprises primary,
secondary, and tertiary packaging. Primary pharmaceutical packaging
consists of containers and materials that directly contact the drug
product or medicine. Secondary packaging refers to the outer
packaging material surrounding the primary packaging, ensuring
efficient transportation and protection. Tertiary packaging
involves packaging outside the primary and secondary layers to keep
the pharmaceuticals safe during transit.
A Shift Towards Sustainable Packaging is a Recent Market
Trend
Sustainable packaging is the use of reusable, recyclable, and
biodegradable materials for packaging. Pharmaceutical companies are
increasingly focusing on sustainable pharmaceutical packaging in
order to cut waste and reduce their carbon footprint. The packaging
industry is moving toward PET plastic and other environmentally
friendly materials to help create a more sustainable future. PET
packaging can be recycled and reused. Used PET bottles can be
processed into new PET bottles, resetting their lifecycle and
contributing to sustainability.
Eco-friendly bioplastics and biodegradable materials like
cellulose and paper are examples of sustainable primary packaging
materials that minimize waste, conserve resources, and have a
minimal impact on the environment. Several pharmaceutical companies
around the globe are using biodegradable materials for packaging
their products. For instance, Astellas Pharma Inc. (Japan) uses biomass-based plastic derived from
sugarcane to package its pills. Astellas Pharma Inc. invented the
packaging in March 2022.
The sustainable packaging sector is expanding due to strict laws
and regulations enforced by governments and regulatory bodies, as
well as a shift in consumer preference toward recyclable and
environmentally friendly packaging materials. For instance, in
accordance with EU Regulation (EU) 2021/2226, pharmaceutical
companies are required to place QR codes in their packaging to
reduce the need for physical pamphlets or leaflets, contributing to
sustainability.
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Additionally, in 2019, about 170 countries from the United
Nations pledged to ban plastic by 2030. Such initiatives are
expected to support the use of sustainable packaging materials.
Leading market players are also focused on offering sustainable
pharmaceutical packaging. Some of the recent key developments in
this space are as follows:
- In October 2023, Perlen Packaging
(Switzerland) collaborated with
ETIMEX Primary Packaging GmbH (Mexico) to develop recyclable polypropylene
mono blister packaging to cater to the increasing demand for
eco-friendly packaging.
- In April 2022, Amcor plc (U.S.)
launched sustainable High Shield laminates for pharmaceutical
packaging. High Shield innovations include more sustainable
pharmaceutical sachet, stick pack, and strip pack packaging,
providing options in both paper-based and polyolefin-based
materials.
The key players operating in the global pharmaceutical packaging
market are Amcor plc (Switzerland), AptarGroup, Inc. (U.S.), Becton,
Dickinson and Company (U.S.), Gerresheimer AG (Germany), Schott Pharma AG & Co. KGaA
(Germany), Berry Global Group,
Inc. (U.S.), Drug Plastics Group (U.S.), Catalent, Inc. (U.S.), SGD
Pharma (France), Corning Inc.
(U.S.), WestRock Company (U.S.), and West Pharmaceutical Services,
Inc. (U.S.).
Key findings in the pharmaceutical packaging market
report:
Among all the materials studied in this report, in 2024, the
polymer segment is expected to account for the largest share of
43% of the pharmaceutical packaging market. The segment's
large share is attributed to the wide availability of polymers, the
cost-effectiveness of polymers compared to other packaging
materials, such as glass and metal, and the effectiveness of
polymers in protecting pharmaceutical preparations against external
damage and contamination.
The polymer segment is further segmented into polyethylene (PE),
polypropylene (PP), polyethylene terephthalate (PET), polyvinyl
chloride (PVC), and other polymers. In 2024, the polyvinyl chloride
segment is expected to account for the largest share of the
pharmaceutical packaging market. The large share of the segment is
attributed to the fact that PVC has excellent barrier properties
against moisture, gases, and chemicals, which helps in maintaining
the potency and shelf life of pharmaceutical products, and PVC can
be easily thermoformed, making it a preferred material for the
pharmaceutical packaging process.
Among all the packaging types studied in this report, in 2024,
the primary packaging segment is expected to account for the
largest share of 72% the pharmaceutical packaging market.
The segment is also projected to register the highest CAGR of
8.0% during the forecast period. Primary packaging is
further segmented into bottles, blister packs, pre-fillable
inhalers, pouches & sachets, pre-fillable syringes &
cartridges, vials & ampoules, caps & closures, and other
primary packaging. The pre-fillable syringes & cartridges
segment is projected to register the highest CAGR during the
forecast period. The rising preference for injectable formulations
is driving the demand for pre-filled syringes & cartridges.
Additionally, pre-filled syringes & cartridges are easy to
administer due to the elimination of steps, lower cost, and reduced
drug wastage.
Among all the dosage forms studied in this report, in 2024, the
oral dosage form segment is expected to account for the largest
share of the pharmaceutical packaging market. The oral dosage form
is further segmented into oral solid dosage and oral liquid dosage.
In 2024, the oral solid dosage segment is expected to account for
the largest share of the pharmaceutical packaging market for oral
dosage. Many consumers prefer oral solid dosages due to their ease
of dosing and portability. Drug formulations in oral solid forms,
such as capsules and tablets, are preferred for several reasons,
including their wide acceptance, convenient administration,
manufacturing efficiency, precise dosing, and stability,
contributing to the large share of the market. Additionally, key
players are also adopting various strategic initiatives. For
instance, in May 2023, SÜDPACK Medica
(Germany) and Liveo Research
(Switzerland) launched a
PharmaGuard innovative blister concept for solid applications.
Among all the end users studied in this report, in 2024, the
pharmaceutical companies segment is expected to account for the
largest share of 44% of the pharmaceutical packaging market.
The pharmaceutical sector has witnessed significant growth in
recent years due to the increasing volume of production of
pharmaceuticals, the rising burden of diseases requiring novel
therapies, and the need to address unmet medical requirements for
both rare and chronic diseases are contributing to the large share
of the segment. Additionally, governments of various countries are
taking initiatives by making investments and providing grants and
funds to pharmaceutical companies for the manufacture and R&D
of drugs, thereby driving the demand for drug packaging.
Geographically, in 2024, North
America is expected to account for the largest share of
35% of the pharmaceutical packaging market. North America pharmaceutical packaging market
is estimated to be worth USD 37.2
billion in 2024. North
America's major market share is attributed to the presence
of major key players, technological advancements in packaging, such
as smart packaging, investment by key players in R&D for drug
discovery, and strategic initiatives adopted by the key players.
For instance, in October 2023,
Pharmascience Inc. (Canada)
invested USD 120 million for the
expansion of an injectable manufacturing facility.
However, Asia-Pacific
pharmaceutical packaging market is expected to growth with the
highest CAGR of 8.5% over the forecast period. The rapid
growth of this market is attributed to the increasing healthcare
expenditure, rising production of pharmaceuticals and advancements
in primary packaging and drug delivery devices, growth in per
capita income, a large population pool, and government initiatives
to improve healthcare infrastructure.
In the Asia-Pacific region,
countries like China, India, and Singapore are positioning themselves as
significant players in the global biotech market, driving a surge
in research and development endeavors across the region.
India and China, in particular, have solidified their
positions in the global pharmaceutical outsourcing sector. Their
large, skilled, and cost-effective workforce has provided them with
a competitive edge, facilitating the expansion of their respective
pharmaceutical industries.
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Scope of the Report:
Pharmaceutical Packaging Market Assessment—by
Material
- Polymer
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyethylene (PE)
- Other Polymers
- Glass
- Paper & Paperboard
- Metal
- Other Packaging Materials
Note: Other polymer materials include Cyclic Olefin Polymer
(COP) and Polystyrene
Note: Other packaging materials include rubber, silica gel,
and wood
Pharmaceutical Packaging Market Assessment—by
Packaging Type
- Primary Packaging
- Blister Packaging
- Bottles
- Vials & Ampoules
- Caps & Closures
- Pre-fillable Inhalers
- Pre-fillable Syringes & Cartridges
- Pouches & Sachets
- Other Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Note: Other primary packaging includes jars & canisters,
medication tubes, strip packs, specialty bags, and
accessories
Pharmaceutical Packaging Market Assessment—by
Dosage Form
- Oral Dosage Form
- Oral Solid Dosage
- Oral Liquid Dosage
- Parenteral Dosage Form
- Other Dosage Forms
Note: Other dosage forms include topical, nasal, dermal, and
ocular dosage forms
Pharmaceutical Packaging Market Assessment—by
End User
- Pharmaceutical Companies
- Contract Companies
- Pharmacies
Pharmaceutical Packaging Market Assessment—by
Geography
- North America
- Europe
- Switzerland
- Italy
- Germany
- France
- U.K
- Ireland
- Belgium
- Spain
- Denmark
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
(RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
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of Delivery (Oral, Parenteral, Topical), Secondary Packaging
(Cartoning, Labelling, Serialization), and End-of-Line Packaging
(Palletizing, Case Packaging) - Global Forecasts to 2028
Packaging Automation Market by Offering, Type (Robotic Pick
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