Pharmaceutical Secondary Packaging Market is Growing at a Strong CAGR of 6.2% by 2033 | FMI

The global pharmaceutical secondary packaging market is poised for substantial growth, with its valuation projected to rise from USD 41.95 billion in 2023 to USD 72.01 billion by 2033. This impressive expansion is underpinned by a robust CAGR of 6.2% over the forecast period, reflecting the increasing demand for innovative packaging solutions that prioritize safety, security, and patient compliance.

Pharmaceutical Secondary Packaging Market refers to the industry segment focused on the packaging solutions that are not directly in contact with the pharmaceutical product but play a critical role in protecting, storing, and transporting it. Secondary packaging is designed to group individual primary packages (e.g., bottles, blisters, or vials) together and provide branding, additional information, and logistical convenience.

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Key Trends Driving The Market Include:

1. Surge in Unit Dose Packaging: The adoption of unit dose packaging is accelerating, offering precise dosage delivery and minimizing the risk of medication errors. Pharmaceutical secondary packaging plays a pivotal role in supporting these solutions, making them indispensable for enhancing patient safety and convenience.
2. Enhanced Focus on Safety and Traceability: As concerns around drug contamination and tampering grow, secondary packaging solutions with advanced safety features, such as tamper-evident seals and protective layers, are in high demand. Additionally, the integration of e-pedigree systems enables end-to-end traceability, ensuring compliance with stringent regulatory requirements and bolstering supply chain security.

Driving Innovation and Growth

This dynamic market presents significant opportunities for stakeholders, including manufacturers, pharmaceutical companies, and technology providers, to innovate and deliver solutions that meet evolving industry needs. From sustainable packaging materials to digital tracking systems, the sector is ripe for advancements that enhance both functionality and environmental responsibility.

Key Takeaways: Pharmaceutical Secondary Packaging Market

• The pharmaceutical secondary packaging industry was valued at USD 28,000 million from 2017 to 2022, growing at a CAGR of 5.8%.
• United States: Expected to surpass USD 14,878.6 million during the forecast period.
• Germany is projected to hold 15.3% of Europe's pharmaceutical secondary packaging market throughout the forecast period.
• China's pharmaceutical secondary packaging market is expected to expand by 2.1x during the forecast period.
• Paper and paperboard segment will offer an incremental opportunity of USD 21.9 billion by 2033.
• The folding cartons segment is currently the leader with 25.1% market share.
• The pharma/biological drugs segment holds the largest market share, estimated at 53.4% by 2033.

Competitive Landscape

Because of the numerous competitors present worldwide, the global industry is competitive. Furthermore, significant firms are improving their market positions, primarily through acquisitions, which is fueling competition. Important enterprises compete directly for contracts from large pharmaceutical makers.

Players are focusing on providing value-added services to attract more clients. Spray painting, UV coating, and metallization are the most common procedures used by package producers to color packing containers. In addition, pharmaceutical secondary packaging makers commonly use labeling and a number of covert and overt anti-counterfeit packaging measures, such as barcodes, holograms, sealing tapes, and radio frequency-identifying devices.

Recent Developments in the Pharmaceutical Secondary Packaging Industry

• Berry Global Group and Raw Elements USA agreed to launch a sustainable sugarcane tube in January 2022.
• The tubes are made from discarded sugarcane, which is converted into HDPE and LDPE, producing a substance with the same chemical composition as polyethylene obtained from fossil fuels.
• Gerresheimer AG and Stevanato Group have established a partnership to develop a new ready-to-use solution platform based on the EZ-fill® pre-sterilized platform in July 2022.
• Amcor PLC introduced the ACT2100 heat seal coating in June 2021 for use with medical-grade DuPont Tyvek2 and paper packaging. This cutting-edge coating method enhances performance qualities for medical applications.

Some of the leading players in the market are

• Amcor Plc
• Berry Global, Inc.
• WestRock Company
• Becton, Dickinson, and Company
• Stora Enso Manu
• Sonoco Products Company
• DS Smith Plc
• Graphic Packaging International, LLC
• Mondi Group

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Pharmaceutical Secondary Packaging Market by Category

By Application:

• Pharma/ Biological Drug
• Veterinary Medicines
• Vaccine

By Material:

• Paper and Paperboard
• Plastics

By Packaging Format:

• Boxes
• Folding Cartons
• Blisters
• Bags and Pouch
• Trays
• Inserts and Dividers
• Wrapping Films

By End-use:

• Ophthalmic
• Injectable
• Biologics
• Wound Care
• Respiratory
• Therapy
• Oral

By Region:

• North America
• Latin America
• Europe
• South Asia and the Pacific
• East Asia
• Middle East and Africa

Have a Look at Related Research Reports on the Packaging Domain:

Scented Trash Bags Market - https://www.futuremarketinsights.com/reports/scented-trash-bags-market

Stretch Sleeve Labels Market - https://www.futuremarketinsights.com/reports/stretch-sleeve-labels-market

Woven Bags Market - https://www.futuremarketinsights.com/reports/woven-bags-market

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This release was published on openPR.