Global Pharmaceutical Packaging market expected to record a CAGR of ~9% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Pharmaceutical Packaging Industry?

Global Pharmaceutical Packaging market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Pharmaceutical Packaging Market is largely driven by the surging demand for pharmaceutical products to treat various diseases including chronic diseases, digestive disorders, and others, which ultimately boosting the demand for pharmaceutical packaging to protect medicines or drugs from chemical, physical damage, and microbial contamination.

The increasing concern related to the harmful impact of packaging on the environment among consumers and manufacturers is surging the demand for eco-friendly and sustainable packaging in the pharmaceutical industry. The growing demand for sustainable packaging is likely to create immense opportunities for the growth of the pharmaceutical packaging market in the forthcoming years.

The rising prevalence of various diseases including cardiovascular diseases, digestive disorders, infectious diseases, and others increased the demand for pharmaceutical products and their packaging, which is expected to aid the growth of the global pharmaceutical packaging market.

Furthermore, The availability of counterfeit pharmaceutical products along with the shortage of raw materials to manufacture pharmaceutical packaging products is the most significant barrier to the growth of the pharmaceutical packaging industry globally.

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Global Pharmaceutical Packaging Market By Material

The Global Pharmaceutical Packaging market is segmented by Material into Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil and Others.

Plastics & polymers segment held the largest share of the Global Pharmaceutical Packaging Market in 2022, owing to the various advantages offered by plastic and polymers such as durability, recyclability, flexibility, leakage resistance, lightweight, and others. The demand for various types of plastic including polypropylene (PP), PET, HDPE, PVC, and others is increasing to manufacture caps, lids, trays, plates, blister packages, bottles, bags, and others, which is anticipated to propel the growth of the pharmaceutical packaging market globally. The surging demand for recyclable, biodegradable, and lightweight materials for pharmaceutical use is encouraging manufacturers to launch new packaging products made from plastic and polymers in the market.

Global Pharmaceutical Packaging Market By Packaging Type

The Global Pharmaceutical Packaging Market is segmented by Packaging type into Tertiary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging and Primary Pharmaceutical Packaging.

Primary pharmaceutical packaging segment held the largest share of the Global Pharmaceutical Packaging Market in 2022, owing to the growing demand for packaging products that provides quality assurance, safety during transportation, and prevention from contamination. The primary pharmaceutical packaging includes products such as bottles, tubes, blister packs, and others. It comes in direct contact with the drug or medicines, enveloping it and protecting it from environmental contaminations.

Global Pharmaceutical Packaging Market By Product Type

The Global Pharmaceutical Packaging market is segmented by Product type into Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges and Others.

Bottles segment held the largest share of the Global Pharmaceutical Packaging Market in 2022, due to the growing demand to store liquid drugs, powders, capsules, and others to preserve, protect, and store pharmaceutical products. Moreover, the demand is increasing owing to its durability, easy usage, child resistance, and convenience for the end-users.

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Key Topics Covered in the Report

Snapshot of Global Pharmaceutical Packaging Market
Industry Value Chain and Ecosystem Analysis of Pharmaceutical Packaging Market
Market size and Segmentation of the Global Pharmaceutical Packaging Market
Historic Growth of Overall Global Pharmaceutical Packaging Market and Segments
Competition Scenario of the Pharmaceutical Packaging Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Pharmaceutical Packaging Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Pharmaceutical Packaging Market
Future Market Forecast and Growth Rates of the Global Pharmaceutical Packaging Market and by Segments
Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
Analysis of Pharmaceutical Packaging Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Pharmaceutical Packaging Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

 Major Companies Profiled in the Report

Amcor plc
Becton D
AptarGroup, Inc.
Gerresheimer AG
West Pharmaceutical Services, Inc.
WestRock Company
CCL Industries
Berry Global, Inc.
Nipro Europe Group Companies
Mondi plc

Notable Emerging Companies Mentioned in the Report

Bormioli Pharma
Keystone Folding Box Co.
Klöckner Pentaplast Group
Schott AG
International Paper
Origin Pharma Packaging
Lonza Group AG
Drug Plastics Group
Vetter Pharma International

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Pharmaceutical Manufacturers
Pharmaceutical Suppliers
Retail Pharmacy
Institutional Pharmacy
Pharmaceutical Packaging Manufacturers
Pharmaceutical Packaging Distributors
Pharmaceutical Associations
Governmental Regulatory Bodies
Pharmaceutical Packaging Investors
Pharmaceutical Logistics Service Providers
Pharmaceutical Packaging Investors
Pharmaceutical Packaging R&D Companies

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-pharmaceutical-packaging-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.