Pharmaceutical Packaging Market to Reach US$147.22 Billion by 2027- Exclusive Report by ReportCrux Market Research Covering Emerging Growth Factors, Latest Trends and Forecasts, and Pre and Post COVID-19 Market Estimates

Pharmaceutical Packaging Market Research Report 2021-2027 is a factual overview and in-depth study on the current and future market of the Pharmaceutical Packaging industry. The Pharmaceutical Packaging Market report provides supreme data, such as development strategy, competitive landscape, environment, opportunities, risk, challenges, and barriers, contact and income information, technological advancement, key players, and the dynamic structure of the market.

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Pharmaceutical Packaging Market Size

The global Pharmaceutical Packaging market was valued at USD 83.48 Billion in 2019 and is expected to reach around USD 147.22 Billion by 2027, at a CAGR of about 7.4% between 2020 and 2027.

A thorough analysis on market effect factors, market risks, technological progress, consumer buying behaviour is covered along with value chain analysis, upstream and downstream market development trends and price and cost trends for product and raw materials.

Regional Analysis:

At regional level, market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America was the largest regional market in 2019 with revenue share of almost 40%. This large share is attributed to presence of pharmaceutical giants in this region majorly in U.S., availability advanced infrastructure, favorable government regulations, funding, high per capita income, high pharmaceutical R&D investments etc. This region is expected to offer great opportunities to key players in the market. U.S. is major country level market in North America pharmaceutical packaging market.

Europe was second largest regional markets with growth led by developed countries like UK and Germany. Asia Pacific is estimated to grow at the fastest CAGR in the coming years. Emerging markets like China and India and economic development in emerging countries, emerging pharmaceutical industry, increasing focus of major manufacturers to capture growth potential in emerging market are major factors that are expected to boost growth in this region.

Key Market Players:
• Amcor plc (Australia)
• Gerresheimer AG (Germany)
• Berry Global, Inc. (US)
• Schott AG (Germany)
• AptarGroup, Inc. (US)
• West Pharmaceutical Services, Inc. (US)
• Becton, Dickinson, and Company (US)
• Nipro Corporation (Japan)
• Catalent, Inc. (US)
• WestRock Company (US)
• ALPLA-Werke Alwin Lehner GmbH & Co KG (Austria)
• Ardagh Group S.A. (Ireland)
• Constantia Flexibles (Austria)
• CCL Industries (Canada)
• Mondi Group (UK)
• Others

The report is prepared by thorough primary and secondary research. Secondary data sources include company websites, magazines, press releases, SEC filings, various paid databases and others. Primary research involves interviews with key industry experts, KOLs, major vendors from both supply and demand side.

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Covid-19 impact analysis

The COVID-19 pandemic has impacted every aspect of life and business. It has emerged as a global pandemic which has affected almost all countries across the globe and disrupted various business functions around the world. A drastic change in sales channels across different industries is observed. Multiple industries are experiencing economic slowdown or decline as a result of COVID-19 crisis.

Healthcare and pharmaceutical sector has also experienced multitude of challenges across supply chains, business and manufacturing operations. US, India, Italy, Spain, UK, Brazil, Russia and Germany are most severely affected countries and have experienced sharp rise in COVID-19 cases.

Lockdown and travel restrictions have severely impacted overall businesses in China, India, Spain, Germany, U.S. and many parts across the globe. Partial or complete lockdown and social distancing norms had to be imposed in manufacturing plants, R&D centers and across other business units as well. Labor shortage, logistics and transportation restrictions have severely affected supply chains leading to production loss resulting in sales decline.

Pharmaceutical packaging market also observed multitude of challenges during first half of year 2020 due to sudden supply demand during the crisis and focus of manufacturers to find raw material sources away from China.

Segmentation Analysis:

The global Pharmaceutical Packaging market is segmented based on Type, Raw Material, Drug-Delivery Mode, End Use and region.

By Type

Based on Type, the market is segmented into Primary, Secondary and Tertiary Pharmaceutical Packaging. Primary Pharmaceutical Packaging segment dominated the market in 2019 with revenue share of more than 65%. This segment is expected to retain its dominance in the coming years. This large share is attributed to product benefits like protection from contamination, travel safety through the supply chain, quality assurance, and enhanced performance at the point of use.

Primary Pharmaceutical Packaging segment is sub-segmented into Plastic bottles, Blister packs, Labels & accessories, Caps & closures, Pre-fillable syringes, Medical specialty bags, Temperature-controlled packaging, Pouches & strip packs, Pre-filled inhalers, Vials, Ampoules, Medication tubes, Jars & canisters, Cartridges and Others. At sub-segment level, Plastic bottles accounted for the largest revenue share in 2019. Plastic bottles are majorly used for packaging solid-dose oral Over-the-Counter (OTC) medicines, bulk as well as the prescription dose of oral ethical drugs.

Secondary Pharmaceutical Packaging type segment is projected to witness fastest growth in the coming years. The secondary packaging is a consecutive package or covering, that is used to store pharmaceutical packages for grouping purposes. Secondary packaging protects both drug product as well as the primary packaging material. Secondary packing is predominantly used for logistics and offer greater surface area for display and branding purposes. Secondary Pharmaceutical Packaging segment is sub-segmented into Prescription Containers and Pharmaceutical Packaging Accessories.

Tertiary packaging includes brown cardboard boxes, wood pallets, and shrink-wraps and is used for packaging or wrapping a set of products with the aim to protect them. Many of the times, the tertiary packing is not visible to the end-use due to the fact that they are usually removed by the retailers even before the products reach the pharmacy shelves.

By Raw Material

Based on Raw Material, market is categorized into Plastics & Polymers, Paper & paperboards, Glass, Metals and Others. In 2019, the plastics & polymers material segment held largest revenue share and is projected to retain its dominance during the forecast period. Plastics & Polymers segment is further split into High-density polyethylene, Polyester, Polypropylene, Low-density polyethylene, Polyvinyl chloride, Cyclic olefin copolymer and Polyethylene terephthalate.

Polypropylene material is expected to have the highest growth rate over the forecast period. This is due to a combination of mechanical, physical, electrical and thermal characteristics and better resistance against electrolytic attack, degreasing agents and organic solvents. Additionally, Polypropylene material is lightweight that exhibits a higher tensile strength and working temperature and reasonable chemical resistance.

By Drug-Delivery Mode

Based on Drug-Delivery Mode, market is categorized into Oral, Pulmonary, Transdermal, Injectables, Topical, Nasal, Ocular/ Ophthalmic, IV Drugs Delivery Packaging and Others. The Oral drug delivery mode held largest revenue share in 2019. This large market share is attributed to the increasing prevalence of chronic diseases, improving patient compliance, reformulation, and repositioning of drugs using advanced oral delivery systems.

By End Use

By End Use, market is categorized into Pharmaceutical Manufacturing, Retail Pharmacy, Contract Packaging and Others. Pharmaceutical Manufacturing end use segment contributed for the maximum share of around 40% of the global pharmaceutical packaging market in 2019. This is attributed to stringent regulatory requirements for drug product packaging, growing demand for better healthcare facilities, increasing population and high unmet medical demands. Major pharmaceutical manufacturers are emphasizing on outsourcing pharmaceutical packaging activities in order to decrease the cost and time. Outsourcing services may further boost the market growth.

The Small & Medium Enterprises (SMEs) end user segment is projected to register fastest growth in the coming years. The fast growth is attributed to increased focus on improving employee productivity, gain competitive advantage over peers, need for securing business information, systematic integration between different business applications, additional revenue generation and overall cost reduction.

Global Pharmaceutical Packaging market report is segmented as:

By Type
• Primary Pharmaceutical Packaging
o Plastic bottles
o Blister packs
o Labels & accessories
o Caps & closures
o Pre-fillable syringes
o Medical specialty bags
o Temperature-controlled packaging
o Pouches & strip packs
o Pre-filled inhalers
o Vials
o Ampoules
o Medication tubes
o Jars & canisters
o Cartridges
o Others
• Secondary Pharmaceutical Packaging
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary Pharmaceutical Packaging

By Raw Material
• Plastics & Polymers
o High-density polyethylene
o Polyester
o Polypropylene
o Low-density polyethylene
o Polyvinyl chloride
o Cyclic olefin copolymer
o Polyethylene terephthalate
• Paper & paperboards
• Glass
• Metals
• Others

By Drug-Delivery Mode
• Oral Drugs Delivery Packaging
• Pulmonary Drug Delivery Packaging
• Transdermal Drug Delivery Packaging
• Injectables Packaging
• Topical Drug Delivery Packaging
• Nasal Drug Delivery Packaging
• Ocular/ Ophthalmic Drug Delivery Packaging
• IV Drugs Drug Delivery Packaging
• Others

By End Use
• Pharmaceutical Manufacturing
• Retail Pharmacy
• Contract Packaging
• Others

The regional scope covers value (revenue) and volume data for below mentioned countries and regions:
• North America (U.S., Canada, Rest of North America)
• Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Southeast Asia, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)

Years considered in the report are:
• Historic Years: 2016-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2020 to 2027

Key Advantages to purchase Pharmaceutical Packaging Market Report:

• To gain complete analysis on market potential, growth and trends data
• To analyse current competitive trends in the market and strategies used by key players to strengthen their businesses & leading market position
• Evaluate major market challenges and risks and implement solutions or strategies to mitigate the market risks
• To gain clear understanding of global market scope, potential, growth influencing drivers, restraints and opportunities
• To perceive future market outlook and growth prospects for strategic business decisions like geographic or product portfolio expansion
• Besides syndicate reports, we also offer customized research solutions and consulting services for specific business needs

Key Highlights of Pharmaceutical Packaging Market Report:

• Granular analysis of market size estimates in terms of value (revenue), volume and growth rate at country and region level for each segment and sub-segment
• Current industry trends and developments shaping the market
• Competitive market share analysis for major market players, pricing and cost analysis along with product benchmarking
• Qualitative analysis of growth driving factors, opportunities, restraints, market challenges and risks or threats
• Market attractiveness analysis for each major segment
• To analyse the revenue pockets in the market for stakeholders or major vendors by categorizing the specific high growth segments

Table of Contents

1. Preface
1.1. Market Introduction
1.2. Definitions

2. Research Methodology
2.1. Research Methodology
2.2. Research Models
2.3. Data Sources

3. Executive Summary and Snapshot

4. Price and Cost Trend Analysis
4.1. Price Trend Analysis

5. Market Growth Attractiveness Analysis

6. COVID-19 Impact Analysis on Industry
6.1. Restrictions due to COVID-19
6.2. Demand-side Constraints
6.3. Supply-side Constraints

7. Post COVID-19 Industry Dynamics

8. Post COVID-19 Industry Recovery Path Analysis

9. Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1. Upstream Raw Materials Sourcing
9.2. Industrial Chain Analysis

Continued…

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