Global Pharmaceutical Packaging market is expected to reach ~USD 180 Bn by 2028F: Ken Research

Global Pharmaceutical Packaging Market By Drug Delivery Mode

The Global Pharmaceutical Packaging market is segmented by Drug Delivery Mode into Oral Drugs, Injectables, Topical, Ocular/ Ophthalmic, Nasal, Pulmonary, Transdermal, IV Drugs and Others.

The oral drugs segment accounted for the majority share of the Global Pharmaceutical Packaging Market in 2022, owing to the surge in storage and protection of oral drugs as the most preferred administration route due to its convenience, high patient compliance, noninvasiveness, and non-requirement of any specific sterile conditions.

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Global Pharmaceutical Packaging Market By End-User

The Global Pharmaceutical Packaging market is segmented by End-User into Pharma Manufacturing, Contract Packaging, Retail Pharmacy, Institutional Pharmacy and Others.

Pharma manufacturing segment accounted for the largest share in 2022 of the Global Pharmaceutical Packaging Market attributed to increasing demand for medicines or drugs along with the rising population and increasing prevalence of various diseases namely cardiovascular disease, physiological, hereditary, infectious, and other diseases. In addition, an increase in the geriatric population requires additional medical assistance, thereby boosting pharmaceutical manufacturing activities. The above-mentioned factors are expected to augment the growth of the global pharmaceutical packaging market.

Global Pharmaceutical Packaging Market By Geography

The Global Pharmaceutical Packaging market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America accounted for the largest share in 2022 of the Global Pharmaceutical Packaging Market due to the presence of many pharmaceutical packaging manufacturers in the region along with the strong production capacity for pharmaceutical products and packaging. In addition, the rising adoption of smart, advanced, and sustainable packaging for pharmaceutical products is anticipated to propel the growth of the region in the market.

Asia-Pacific is the fastest growing region in the Global Pharmaceutical Packaging Market owing to the growing demand for pharmaceutical products and their packaging.

Competition Scenario In Global Pharmaceutical Packaging Market

The pharmaceutical packaging market is highly competitive with ~300 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in pharmaceutical packaging.

Regional players control over 45% of the market share, while the global players hold the second largest share. Some of the major players in the market include Amcor plc, BD, AptarGroup, Inc., Gerresheimer AG, West Pharmaceutical Services, Inc., West Rock Company, CCL Industries, Berry Global, Inc., Nipro Europe Group Companies, and Mondi plc among others.

The leading global pharmaceutical packaging companies such as Amcor plc, West Pharmaceutical Services, Inc., and AptarGroup, Inc. are highly focused on research and development for creating innovative sustainable pharmaceutical packaging products or solutions.

What Is The Expected Future Outlook For The Overall Global Pharmaceutical Packaging Market Across The Globe?

The Global Pharmaceutical Packaging market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Pharmaceutical Packaging market is 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. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing acquisition and emergence of new products, the Global Pharmaceutical Packaging market is changing rapidly. For instance, In November 2021, Gerresheimer AG launched a new drug delivery device named SensAIR for drugs with high viscosity. The new primary packaging is launched to deliver newly developed biologics and other medical and diagnostic products.

In May 2021, Nipro Europe Group Companies acquired Piramida, a Croatian glass pharmaceutical packaging manufacturer. The acquisition helped the company in catering to the growing demand for glass packaging in the Central European market and aimed to expand its business globally.

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. The shortage of basic materials such as paper, plastic, glass, and other raw material has upended the manufacturing process including pharmaceutical packaging. Paper Mills failed to fulfill the demand for paper packaging products due to the shortage of wood pulp.

The Global Pharmaceutical Packaging Market is forecasted to continue a moderate growth, primarily driven by the rising demand for pharmaceutical products coupled with an increase in the introduction of new medicines, biologics products, and other drugs to improve patient health and their quality of life. In addition, the growing demand for reliable and innovative packaging for pharmaceutical products to prevent, preserve, and protect them from any chemical, physical, or microbial damage is anticipated to propel the growth of the market globally

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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.