Pharmaceutical Packaging Market Overview by Business Growth, Challenges, Emerging Trends, Top Key Players (2022 - 2027)

In recent years, the pharmaceutical packaging market has observed significant expansion owing to growing demand for comprehensive pharmaceutical packaging across the healthcare sector. These packaging solutions efficiently store, protect and secure drugs during transit and storage. Moreover, they ensure that the medicines are protected from any physical damage or contamination by external influences. Moreover, pharmaceutical packaging assists in brand identification and maintains the stability of the product throughout its shelf life. Besides, it is often used for promotional purposes by organizations. In the coming years, incessant rise in healthcare expenses, rising geriatric population, and increasing prevalence of communicable and non-communicable diseases are poised to create new advancements in the pharmaceutical packaging solutions. Consequently, cutting-edge technologies, advanced manufacturing procedures, and robust market competition are further building momentum for sound expansion of the pharmaceutical packaging market.

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Plastic Gains Excellent Prominence in the Pharmaceutical Packaging Market

Use of plastic material in pharmaceutical packaging is expected to flourish at an exponential rate. This growth is mainly accredited to the affordability, durability, strength, improved barrier property, and higher flexibility plastic-made products. Plastic also offers precision while packaging, greater resistance to foreign particles intervention, ease of handling, and enhanced dimensional stability. Owing to these overarching benefits, plastics is set to be the most preferable material in pharmaceutical packaging, driving tremendous growth in the pharmaceutical packaging market. Market players, recognizing the high potential of plastics in pharmaceutical packaging, are predicted to engage in intense product differentiation using plastics as a key raw material.

Development of Novel Drug Packaging Systems to Spur Exponential Growth

The demand for pharmaceutical packaging has been witnessing a positive trend with the development of novel drugs. Novel drugs can be identified as single-dose vaccines, prefilled inhalers, and prefilled syringes that are gradually replacing traditional vials and syringes. Pharmaceutical packaging ensures that packed drugs are efficiently protected from all kinds of damage such as contamination due to contact with external surroundings or patients. Notably, self-administered metered dosage enables greater patient compliance and reduces the wastage of drugs. During the forecast period, this promising benefit, coupled with the rising prevalence of chronic diseases, is expected to augment the demand for pharmaceutical packaging.

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Asia Pacific Emerges as Lucrative Pharmaceutical Packaging Market

The study foretells a healthy growth of the pharmaceutical packaging market in the Asia Pacific region. Robust spending on the healthcare sector, steadily rising geriatric population, and increase in strategic collaboration within the pharmaceutical industry are playing a significant role in the growth of APAC's pharmaceutical packaging market. Further, a consistent rise in government initiatives toward rigorous R&D, coupled with growing technological advancements in the healthcare industry, are further fueling the demand for pharmaceutical packaging in the APAC. Considering a notable growth in the pharmaceutical industry, emerging nations such as China and India are poised to lead market growth in APAC's pharmaceutical packaging market.

Key Market Players

Prominent players in the global pharmaceutical packaging market are Amcor, West Pharmaceutical Services Inc., WestRock, Gerresheimer, Berry Global, and Schott AG. These players are strategically pursuing partnerships and M&A endeavors. Additionally, they also plan to roll out new products and enhance their production capacity in the following years.

Global Pharmaceutical Packaging Market is Segmented as Below:

By Material
• Plastics
• Paper & paperboards
• Glass
• Metal
• Others

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

By Type
• Plastic bottles
• Blister
• Labels & accessories
• Caps & closures
• Temp controlled packaging
• Vials
• Ampoules
• Jars & Canisters
• Cartridges
• Others

By Region
• North America
• Western Europe
• Eastern Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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