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Pharmaceutical Contract Packaging Market Comprehensive Analysis, Top Key Players, Growth Factors, Key Segments And Forecast By 2032 || Nipro Corporation, Daito Pharmaceutical Co. Ltd., Pfizer CenterOne, Catalent Inc
Pharmaceutical Contract Packaging Market
The Business Research Company's Pharmaceutical Contract Packaging Global Market Report 2023 identifies the growth in the number of elderly populations as the major driver for the pharmaceutical contract packaging market's growth in the forecast period. The elderly population refers to people aged 65 and over. The ageing population is driving manufacturers to develop packaging that is easier to open while remaining child-resistant, but this can increase costs and affect sustainability. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, the population aged 65 and older is projected to rise from 9.3% in 2020 to around 16.0% in 2050.
The global pharmaceutical contract packaging market size is expected to grow from $26.98 billion in 2022 to $29.39 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical contract packaging market size is expected to grow to $40.09 billion in 2027 at a CAGR of 8.1%.
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Major competitors in the pharmaceutical contract packaging market are Nipro Corporation, Daito Pharmaceutical Co. Ltd., Pfizer CenterOne, Catalent Inc., WestRock Company, Ball Corporation, Berlin Packaging, CCL Industries Inc., Co-Pak Packaging Corporation, Signode India Limited, Ropack Pharma Solutions.
A key trend in the pharmaceutical contract packaging market includes technological innovation. Major players in the pharmaceutical contract packaging industry are concentrating on creating new technological advancements to improve their market share. For instance, in April 2020, Schott, a Germany-based company operating in pharmaceutical contract packaging, launched Smart Containers, a new digitised smart container that has a laser mark and a distinctive identification, creating unheard-of traceability throughout the manufacturing process. It optimizes the lyophilization process, lowers the possibility of a mix-up, and facilitates targeted container-based recalls.
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The Pharmaceutical Contract Packaging market is segmented -
• By Product: Primary Packaging, Secondary Packaging, and Tertiary Packaging
• By Material: Paper and Paperboard, Plastics and Polymers, Aluminum Foil, Glass, Other Materials
• By Industry: Small Molecules, Biopharmaceuticals, Vaccines
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pharmaceutical contract packaging market.
The Business Research Company's "Global Pharmaceutical Contract Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharmaceutical Contract Packaging Market Include:
1. Executive Summary
2. Pharmaceutical Contract Packaging Market Characteristics
3. Pharmaceutical Contract Packaging Market Trends And Strategies
4. Pharmaceutical Contract Packaging Market - Macro Economic Scenario
5. Pharmaceutical Contract Packaging Market Size And Growth
……………
27. Pharmaceutical Contract Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pharmaceutical Contract Packaging Market
29. Pharmaceutical Contract Packaging Market Future Outlook And Potential Analysis
30. Appendix
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