Pharmaceutical Packaging Market Growth Fueled by Increasing Production of Biologic Drugs and the Need for Advanced and Protective Packaging Solutions

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pharmaceutical Packaging Market Size, Share & Trends Analysis Report By Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil), By Product (primary, secondary and tertiary), By End-use (pharma manufacturing, contract packaging, retail pharmacy and institutional pharmacy)- Market Outlook And Industry Analysis 2034"

The Global Pharmaceutical Packaging Market is estimated to reach over USD 356.76 billion by 2034, exhibiting a CAGR of 10.4% during the forecast period.

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Businesses are increasingly focusing on utilizing post-consumer recycled (PCR) materials and developing biodegradable packaging to enhance the sustainability of their packaging solutions. Companies are introducing bottles made from R-PET and BIO-PET, which are resins derived from sugarcane plants. This shift toward recycled and renewable materials is expected to gain momentum in the coming years.

Advancements in medicine and biotechnology are driving growth within the pharmaceutical sector. As one of Europe's leading high-technology industries, the pharmaceutical industry remains a significant contributor to the European economy. The sector is undergoing substantial transformation, with a growing focus on the development of biologic drugs. Since certain biomaterial-based medications are unstable in liquid form, they are typically available in powder or dry powder formulations. Lyophilized pharmaceuticals require specialized packaging to ensure product stability, thereby creating new opportunities for packaging manufacturers.

Specialty packaging, including innovative bottle and plastic container designs, can enhance product differentiation and attract consumer attention. Glass packaging manufacturers are also exploring advanced technologies, such as lightweight materials and decorative techniques, to improve product functionality and aesthetic appeal. Furthermore, some glass packaging companies are investing in energy-efficient technologies and initiatives to reduce carbon dioxide emissions and increase the proportion of recycled materials in their production processes.

List of Prominent Players in the Pharmaceutical Packaging Market:
• Alpla Werke Alwin Lehner Gmbh & Co Kg
• Amcor Plc
• AptarGroup, Inc.
• Aptargroup, Inc.
• Ardagh Group S.A.
• Becton, Dickinson, and Company
• Berry Global Inc.
• Bilcare Limited
• Catalent, Inc.
• CCL Industries, Inc.
• Comar
• Drug Plastics Group
• Frank Noe Egypt Ltd.
• Gaplast Gmbh
• Gerresheimer Ag
• Hergesheimer A
• International Paper
• Lonza Group Ltd.
• Mondi Group
• Nipro Corporation
• Nolato Ab
• Origin Pharma Packaging
• Owens Illinois, Inc.
• Schott AG
• Sealed Air
• SGD Pharma
• Silgan Holdings Inc.
• Vetter Pharma International Gmbh
• West Pharmaceutical Services, Inc.
• WestRock Company

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Market Dynamics
Drivers:
The significant expansion of the pharmaceutical sector remains a key driver of growth in the pharmaceutical packaging market. Scientific and technological advancements have contributed to the rapid growth of the pharmaceutical industry in recent years. In the United States, the primary factors fueling market growth include the country's extensive healthcare infrastructure, high per capita income, and substantial investments in drug development. Additionally, the growing importance of generic pharmaceuticals and improved access to medical facilities are expected to create lucrative opportunities for pharmaceutical packaging in the coming years.

Challenges:
The COVID-19 pandemic had a profound impact on the healthcare industry, disrupting workforce availability, infrastructure, supply chains, and the production of essential pharmaceuticals. China, a major supplier of pharmaceutical raw materials, experienced significant disruptions, highlighting the need for localized production and packaging solutions. A key challenge facing the market is the limited awareness and commercialization of pharmaceutical packaging in emerging markets, which is expected to restrain industry growth. Furthermore, the high cost and limited availability of pharmaceutical packaging solutions are anticipated to present additional barriers to market expansion.

Regional Trends:
The North American pharmaceutical packaging market is projected to account for a significant share of global revenue and is expected to grow at a strong compound annual growth rate (CAGR) in the coming years. Key contributors to North America's market strength include the expansion of pharmaceutical manufacturing facilities in the United States and strategic partnerships between drug manufacturers and contract manufacturing organizations (CMOs) to improve drug availability. Increased government funding for COVID-19-related treatments is also driving demand for pharmaceutical packaging in the region.

In the Asia-Pacific region, the Chinese pharmaceutical industry's rapid growth presents substantial market opportunities for local pharmaceutical packaging companies. As health awareness rises among consumers in developing countries such as China and India, along with increasing disposable incomes, pharmaceutical sector growth is expected to drive increased demand for innovative packaging solutions throughout the forecast period.

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Recent Developments:
• In February 2023 -Schott launched its first plant in the United States to increase its diagnostics and life sciences product and manufacturing capabilities. A multimillion-dollar investment will be made in constructing a new Phoenix, Arizona, facility dedicated to producing custom DNA.
• In May 2022-CCL Industries Inc. intends to expand its Innova business unit near Leipzig, Germany. A new 8 m wide multi-layer co-extrusion line will make highly engineered thin gauge label films to fulfill the rising, sustainability-driven demand for materials with lower resin contents.

Segmentation of Pharmaceutical Packaging Market-
By Material
• Plastics & Polymers
o Polyvinyl Chloride (PVC)
o Polypropylene (PP)
 Random
o Polyethylene Terephthalate (PET)
o Polyethylene (PE)
 HDPE
 LDPE
 LLDPE
o Polystyrene (PS)
o Others
• Paper & Paperboard
• Glass
• Aluminium Foil
• Others
By Product
• Primary
o Plastic Bottles
o Caps & Closures
o Parenteral Containers
 Syringes
 Vials & Ampoules
 Others
• Blister Packs
• Prefillable Inhalers
• Pouches
• Medication Tubes
• Others
• Secondary
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary
By End-use
• Pharma Manufacturing
• Contract Packaging
• Retail Pharmacy
• Institutional Pharmacy
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.