Press release
Meticulous Research® Publishes Comprehensive Analysis on Global Pharmaceutical Packaging Market
Meticulous Research®, a leading global market intelligence and research firm, has released its latest study titled "Pharmaceutical Packaging Market by Material (Polymer [PE, PP, PET], Glass, Paper, Metal), Type (Bottles, Blisters, PFS, Caps, Vials, Ampoules, Sachets, Inhalers, Secondary & Tertiary Packaging), Dosage Form (Oral, Parenteral, Topical), End User - Global Forecast to 2031".Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5298
According to this report, the global pharmaceutical packaging market is set to grow at a compound annual growth rate (CAGR) of 7.6%, reaching a projected valuation of $176.54 billion by 2031. The growth of this market is driven by several factors, including the expanding pharmaceutical sector, increasing demand for innovative drug delivery systems, rising healthcare expenditures, and the growing focus on biosimilars. Additionally, the trend towards contract manufacturing and packaging in the pharmaceutical industry, coupled with the aging population and the consequent rise in chronic diseases, further supports market expansion.
However, the market faces challenges from the increasing instances of counterfeit packaging, waste generated from single-use packaging, and concerns regarding the potential leaching of packaging materials into pharmaceutical products.
The evolving pharmaceutical landscape presents significant growth opportunities, particularly with the rising adoption of personalized medicine, self-medication practices, and the expanding focus on vaccine development. The growing pharmaceutical R&D investments and improved healthcare provisions in emerging economies further fuel market growth. Despite these opportunities, the industry faces challenges from ever-changing regulatory environments and the need to meet dynamic market demands.
Segment Insights
The market is segmented by material, packaging type, dosage form, end user, and geography:
Browse in Depth: https://www.meticulousresearch.com/product/pharmaceutical-packaging-market-5298
• Material: Among the materials studied, the glass segment is expected to witness the highest CAGR due to its widespread use in vials and ampoules and recent innovations in glass packaging. A notable example is the launch of Stoelzle Pharma's PharmaCos packaging line, which offers a range of glass jars for healthcare products.
• Packaging Type: The primary packaging segment is poised to dominate the market in 2024, fueled by innovations such as RFID technology, NFC, temperature-indicating inks, and smart packaging solutions. These advancements improve product tracking, safety, and functionality.
• Dosage Form: The parenteral dosage form segment is projected to register the highest growth, driven by increased development of parenteral drugs and the demand for specialized drug delivery systems like pre-filled syringes. Smart packaging solutions like those offered by SCHOTT Pharma, which tracks vials and containers through unique codes, further enhance growth in this segment.
• End User: In 2024, pharmaceutical companies are expected to account for the largest market share. This is attributed to rising demand for medications, the increasing prevalence of chronic conditions, and the robust drug pipeline. According to a 2023 report from Pharmaceutical Research and Manufacturers of America (PhRMA), there are currently over 1,600 drugs and vaccines in clinical development for cancer alone.
Regional Outlook
Geographically, the Asia-Pacific region is expected to register the highest CAGR, with China leading the charge. This growth is driven by substantial pharmaceutical R&D investments and government initiatives aimed at boosting domestic manufacturing. For instance, China's "Made in China 2025" strategy is fostering an environment conducive to pharmaceutical packaging innovation.
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Competitive Landscape
Prominent companies leading the global pharmaceutical packaging market include Amcor plc (Switzerland), AptarGroup, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Gerresheimer AG (Germany), Schott Pharma AG & Co. KGaA (Germany), Berry Global Group, Inc. (U.S.), Drug Plastics Group (U.S.), Catalent, Inc. (U.S.), SGD Pharma (France), Corning Inc. (U.S.), WestRock Company (U.S.), and West Pharmaceutical Services, Inc. (U.S.). These companies are at the forefront of developing innovative solutions to address growing demands within the pharmaceutical packaging space.
Related Reports:
Flexible Packaging Market - https://www.meticulousresearch.com/product/flexible-packaging-market-4220
Smart Packaging Market - https://www.meticulousresearch.com/product/smart-packaging-market-5119
Sustainable Packaging Market - https://www.meticulousresearch.com/product/sustainable-packaging-market-5935
Transit Packaging Market - https://www.meticulousresearch.com/product/transit-packaging-market-5479
Industrial Packaging Market - https://www.meticulousresearch.com/product/industrial-packaging-market-5827
Active Packaging Market - https://www.meticulousresearch.com/product/active-packaging-market-5886
Food Packaging Market - https://www.meticulousresearch.com/product/food-packaging-market-5972
Edible Packaging Market - https://www.meticulousresearch.com/product/edible-packaging-market-5933
Packaging Machinery Market - https://www.meticulousresearch.com/product/packaging-machinery-market-5492
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
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APAC: +91 744-7780008
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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