Preserving Life: Global Packaging for Pharmaceutical Market Soars to USD 130.2 Billion in 2022, with a Promising CAGR of 10.5% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Packaging for Pharmaceutical market size accounted for USD 130.2 Billion in 2022, growing at a CAGR of 10.5% from 2023 to 2033. Packaging for the pharmaceutical market refers to the global market for packaging solutions specifically designed for pharmaceutical products. This market plays a critical role in ensuring the safety, integrity, and effectiveness of pharmaceutical products throughout their lifecycle, including storage, transportation, and usage. The packaging for pharmaceutical products is subject to stringent regulations and standards to maintain product quality, protect against contamination, and provide tamper-evident features. It includes primary packaging (such as blister packs, vials, ampoules, and syringes), secondary packaging (such as cartons and labels), and tertiary packaging (such as pallets and shrink wraps). The market is driven by factors such as the increasing demand for pharmaceutical products, the growing focus on patient safety, the need for anti-counterfeiting measures, and technological advancements in packaging materials and technologies. Additionally, the rise in biologics and personalized medicines has created a need for specialized packaging solutions to ensure stability and efficacy.
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Key Highlights:
• The global Packaging for Pharmaceutical Market size was valued at USD 130.2 billion in 2022 growing at a CAGR of 10.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Packaging for Pharmaceutical Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Packaging for Pharmaceutical market report also includes the following data points:
• COVID19 Impact on Packaging for Pharmaceutical market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Packaging for Pharmaceutical market
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Key Players
Some of the major Packaging for Pharmaceutical players holding high market share include Amcor plc, Becton, Dickinson, and Company, AptarGroup, Inc. and Drug Plastics Group. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Amcor plc
• Becton, Dickinson, and Company
• AptarGroup, Inc.
• Drug Plastics Group
• Gerresheimer AG
• Schott AG
• Owens Illinois, Inc.
• West Pharmaceutical Services, Inc.
• Berry Global, Inc.
• WestRock Company
• SGD Pharma
• International Paper
• Comar, LLC
• CCL Industries, Inc.
• Vetter Pharma International
Segmental Analysis
Market Segment By Product with focus on market share, consumption trend, and growth rate of Packaging for Pharmaceutical Market:
• Primary
o Plastic Bottles
o Caps & Closures
o Parenteral Containers
 Syringes
 Vials & Ampoules
 Others
o Blister Packs
o Prefillable Inhalers
o Pouches
o Medication Tubes
o Others
• Secondary
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary
Market Segment By End-use with focus on market share, consumption trend, and growth rate of Packaging for Pharmaceutical Market:
o Pharma Manufacturing
o Contract Packaging
o Retail Pharmacy
o Institutional Pharmacy
Parameters Details
Market Size (2022) $ 130.2 Billion
CAGR (2023 to 2033) 10.5%
Market Segmentation Product , end-use
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Packaging for Pharmaceutical Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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