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Pharmaceutical Packaging Market 2022 Analysis Covering Business Analysis, Share, Regional Outlook, Trends and Upcoming Opportunities 2027 | Amcor Ltd., West Pharmaceutical Service Inc., Gerresheimer AG, Becton, Dickson & Company
Global Pharmaceutical Packaging Market was valued at USD 116.6 Bn in 2021 and is expected to record a revenue of US$ 267.4 Bn by end of the year 2027. In terms of revenue, the global market size recorded substantial growth at a CAGR of 14.8% during the forecast period of 2022 - 2027. The market holds an opportunity of US$ 150.8 Bn during 2022-2027.
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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.
Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.
Impact Analysis of COVID-19
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Regional Insights
By Packaging Type:
Primary
Secondary
Tertiary
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By Product:
Cardboard
Boxes
Cartons
Display Unit
Paper
Label
Leaflet
Glass
Ampoules
Bottles
Vials
Syringes
Cartridges
Plastic
Closure
Bottles
Bags
Tubes
Injection Trays
Laminates with paper or foil
Metal
Collapsible tubes
Rigid cans
Foils
Pressurized containers
Rubber
By Application:
Oral Drugs
Injectable
Topical
Ocular/ Ophthalmic
Nasal
Sublingual
Pulmonary
Transdermal
IV Drugs
Others
By Prescription Type:
Prescription
Branded drugs
Generic drugs
OTC
Branded drugs
Generic drugs
By End-Use:
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
By Region:
North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Spain
Italy
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Key Players Insights
Amcor Ltd., West Pharmaceutical Service Inc., Gerresheimer AG, Becton, Dickson & Company are the major key players present in the global pharmaceutical packaging market.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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