The U.S. exhibits high demand for pharmaceutical packaging products | According to FMI analysis

Pharmaceutical packaging is a key sector within the global packaging industry which is primarily used to protect, preserve, and store various pharmaceutical products including drugs, medications, and others. Pharmaceutical packaging formats are made from a wide range of materials including plastic, glass, metal, and paper.

Pharmaceutical packaging not only aids in protecting products, but also works as a tool of information dissemination and advertisement. It includes various product such as bottles, vials, ampoules, blister, bags & pouches, refillable syringes, containers, jars, and others.

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Key Takeaways from Pharmaceutical Packaging Market Study

By product type, bottles are estimated to lead the market with over 30% of the value share, by the end of 2031 supported by leak-proof packaging solutions
Plastic is projected to be the most lucrative material in the industry creating an incremental opportunity of US$ 58.41 Bn by 2031
The U.S. holds dominance in the North America market with the presence of some of the leading pharmaceutical manufacturers
China will showcase a solid growth driven by the expansion of local pharmaceutical sector
Germany is projected to be dominant in Europe and is expected to continue leading as a pharma packaging manufacturing hub
“Regulations implemented to ascertain safety of drugs & medications will create lucrative opportunities. Pharmaceutical packaging is sought-after due to its temperature & moisture resistance, durability, and ease of use. With the expansion of the pharmaceutical sector, manufacturers are likely to focus on the launch of novel technologies,” says an FMI analyst.

Rise in Per Capita Healthcare Expenditure Augments Sales for Pharmaceutical Packaging
Considering the current scenario and rising awareness about the healthcare sector, investments in the drug and biopharmaceutical sectors are rising. Healthcare investments have had a positive and direct correlation with the pharmaceutical industry.

A major part of investments is attracted from the pharmaceutical industries for the growth of the country’s economy. The per capita expenditure on healthcare is increasing steadily due to the concerned behaviour of customers about shelf life.

As per a World Bank report, in 2018, Japan spent around 10.95% of its GDP on healthcare whereas Germany spent 11.43% of its GDP for the same. As a result, the market for pharmaceutical packaging has benefited as investments in the healthcare sector will favour growth of the pharmaceutical packaging industry.

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Some of the leading companies operating in the market are:

Amcor Plc
Ardagh Group S.A.
Becton, Dickinson and Company
UDG Healthcare plc
Berry Global, Inc.
Bilcare Limited
Catalent, Inc.
Clondalkin Group Holdings B.V.
Constantia Flexibles Group GmbH
Gerresheimer AG
Klockner Pentaplast Group
Mondi Group
Nipro Corporation
Schott AG
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Why are Bottles Dominant in Pharmaceutical Packaging?
By product type, the bottle segment is the most preferred type of packaging products in the pharmaceutical sector. Bottles are primarily used for liquid, powder, and capsule drug offerings.

Bottles are easy to use, convenient for the end-user, durable, and child resistant. On the back of these factors, the pharmaceutical industry relies on bottles for protecting, preserving, and storing their products. Bottles are expected to hold more than 30 per cent of the market through the end of 2031.

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