Parenteral Packaging Market Expected to Expand at a Steady 2024-2031 | Gerresheimer AG, Schott AG, Unilife Corporation Inc, Becton Dickinson and Company

Market Overview:

Parenteral packaging is used for the delivery of medicines or supplements through non-oral routes such as injections. It includes bottles, vials, prefilled syringes and ampoules that prevent contamination and ease administration.

Market Dynamics:

The global parenteral packaging market is expected to witness significant growth, owing to increasing demand for biologics and manufacturing of injectable drugs. Biologics require specialized packaging solutions to maintain their efficacy throughout the supply chain. Their production and administration also involve strict regulatory guidelines regarding preventing contamination. Additionally, growth in contract manufacturing and rising prevalence of chronic diseases are boosting the demand for parenteral drugs, favoring the parenteral packaging market growth during the forecast period.

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Driver: Increasing prevalence of chronic diseases globally driving demand for parenteral packaging

The prevalence of chronic diseases such as cancer, diabetes and cardiovascular diseases has been on the rise globally. According to the World Health Organization (WHO), chronic diseases accounted for approximately 60% of all deaths worldwide in 2020. Parenteral medications such as injections and intravenous infusions are often required to treat chronic conditions. This growing patient pool requires easy to administer and sterilized parenteral dosage forms for treatment. The packaging for these parenteral drugs and formulations need to be medically approved to ensure sterility and prevent contamination. This rising demand for parenteral drugs for chronic conditions is directly driving the growth of the parenteral packaging market.

Restrain: Stringent regulations around material selection, sterility and shelf-life hampering market expansion

Parenteral packaging materials and products are strictly regulated by governing bodies like the U.S. FDA, EU regulations and other country-specific drug control authorities. There are prescribed norms around the choice of materials that can be used, sterilization process validation, minimizing particle emissions and demonstration of barrier properties. Regulations also specify the optimal shelf-life and storage conditions to ensure integrity and sterility throughout distribution cycles. While these guidelines ensure patient safety, complying with the evolving rules requires hefty investments from packaging developers and suppliers. The complexity of rules sometimes bars the entry of new players and slows innovation, which acts as a restraint on market growth.

Opportunity: Developing biosimilars sector opening new avenues in parenteral packaging domain

The patent expiration of many blockbuster biologics has propelled the biosimilars industry significantly over the past decade. Biosimilars offer comparable quality, safety and efficacy but at comparatively lower costs than reference biologics. Insulin, erythropoietin, monoclonal antibodies and other protein-based formulations are increasingly being delivered through the parental route. Prefilled syringes and vials are key packaging formats used. The phenomenal growth projected in the biosimilars sector presents lucrative opportunities for parenteral packaging manufacturers to cater packaging needs for these therapeutics. Customized and differentiated product offerings can help players establish themselves in this emerging space.

Trend: Growing adoption of self-injectable parenteral drug delivery expanding market outreach

The self-administration or self-injection of parenteral pharmaceuticals has become increasingly popular driven by factors like patient empowerment and convenience. Prefilled syringes are being widely adopted for drugs to treat conditions such as hormonal imbalances, migraine headaches, rheumatoid arthritis and others. Pharma companies are also formulating drugs to suit home-based delivery through self-injection devices. This brings the treatment to patients at their will and reduces burden on healthcare systems. The trend reflects growing acceptance of self-injectable devices and user-friendly packaging solutions. It also opens new patient subsets like pediatric and geriatric populations for parenteral drug delivery.

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Leading Key Players Include in This Report:

Gerresheimer AG, Schott AG, Unilife Corporation Inc, Becton Dickinson and Company, Ypsomed Holding AG, West Pharmaceutical Services, Inc., SiO2 Medical Products, Terumo Corporation, Ompi Stevanato Group, Berry Plastics Corporation, MeadWestvaco Corporation, Owens-Illinois, RPC Group, and Graphic Packaging Group.

Since the report focuses on the healthcare sector, it also sheds light on key development in the said industry and latest R&D activities. It educates business owners on newly approved products, ongoing research and development, and products under the trial phase and in the pipeline.

Detailed Segmentation:

by Packaging Type (Bags and Bottles, Ampoules, Vials, Prefilled Syringes & Cartridges, and Ready-to-mix-Systems)

by Material Type (Glass, Plastic and Polymer, Poly Vinyl Chloride (PVC), and Polyolefin)

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