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Pharmaceutical Contract Packaging Market Trends That Will Shape the Next Decade: Insights from Technological Advancements Redefine The Landscape Of Pharmaceutical Contract Packaging
Pharmaceutical Contract Packaging Market
How Large Will the Pharmaceutical Contract Packaging Market Size By 2025?
In recent times, there has been a robust expansion in the size of the pharmaceutical contract packaging market. This market is projected to rise from its current value of $31.67 billion in 2024 to $34.1 billion by 2025, with a compound annual growth rate (CAGR) of 7.7%. Factors behind the historic growth include rising intricacies of packaging regulations, the urgent need for speedier time-to-market, a surge in demand for bespoke packaging solutions, globalization of pharmaceutical supply chains, cost reductions and improvements in operational efficiency, along with increased production flexibility.
How Big Is the Pharmaceutical Contract Packaging Market Size Expected to Grow by 2029?
Expectations are high for robust growth in the pharmaceutical contract packaging market, which is set to expand to a worth of $47.12 billion by 2029. This expansion, indicating a compound annual growth rate (CAGR) of 8.4%, will likely be propelled by elements such as heightened emphasis on sustainable packaging, the need for on-demand packing services, evolving customization and personalization trends, the demand for child-resistant packaging, alongside strategic investments made towards enhancing packaging infrastructure. Trends to watch out for during this forecast period feature serialization coupled with a track-and-trace compliance, technological progress in packaging machinery, specializing in cold chain packaging, adherence packaging designed for patient compliance, individualized medicine packaging and notable investments in digital transformation and industrial revolution 4.0.
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Which Key Market Drivers Powering Pharmaceutical Contract Packaging Market Expansion and Growth?
The expansion of the pharmaceutical contract packaging market is projected to be fueled by an increase in the aged population. This group refers to individuals who are 65 years old or older. This demographic surge is pushing manufacturers to create packaging that is not only easy for seniors to open but is also childproof, which could potentially raise prices and impact environmental sustainability. For example, the World Health Organization, a Swiss-health entity, stated in October 2024 that the worldwide aged population of 60 or older will rise significantly, from one billion in 2020 to 1.4 billion by 2030, and it will eventually reach 2.1 billion by 2050. At the same time, the count of people who are 80 years old or older is anticipated to triple to 426 million by 2050. As a result, the increase in the number of senior citizens is stimulating the growth of the pharmaceutical contract packaging market.
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What Long-Term Trends Will Define the Future of the Pharmaceutical Contract Packaging Market?
Technological innovation is a key trend gaining popularity in the pharmaceutical contract packaging market. Major players in the pharmaceutical contract packaging industry are concentrating on creating new technological advancements to improve their market share. For instance, in November 2022, Gerresheimer AG, a Germany-based drug delivery systems company, and Stevanato Group, an Italy-based drug containment, drug delivery and diagnostic solutions company, launched EZ-fill Smart. The EZ-fill Smart technology provides a proven seamless integration with standard fill & finish operations. The platform also accommodates both small and large batch production. The EZ-fill Smart is a solution that is designed to improve drug packaging quality, reduce total cost of ownership (TCO), and shorten lead times for customers and helps in implementing a new eco-friendly sterilization method, and using biopolymers and recycled plastic.
What Are the Emerging Segments in the Pharmaceutical Contract Packaging Market?
The pharmaceutical contract packagingmarket covered in this report is segmented -
1) By Product: Primary Packaging, Secondary Packaging, Tertiary Packaging
2) By Material: Paper And Paperboard, Plastics And Polymers, Aluminum Foil, Glass, Other Materials
3) By Industry: Small Molecule, Biopharmaceutical, Vaccine
Subsegments:
1) By Primary Packaging: Blister Packs, Bottles, Vials, Ampoules, Pre-Filled Syringes
2) By Secondary Packaging: Cartons, Labels, Inserts, Shrink Sleeves
3) By Tertiary Packaging: Shipping Containers, Pallets, Bulk Packaging Solutions
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Who Are the Global Leaders in the Pharmaceutical Contract Packaging Market?
Major companies operating in the pharmaceutical contract packaging market are Nipro Corporation, Daito Pharmaceutical Co Ltd., Pfizer CentreOne, Catalent Inc., WestRock Company, BALL CORPORATION, Berlin Packaging, CCL Industries Inc., Co-Pak Packaging Corporation, Signode India Limited, Ropack Pharma Solutions, Reelvision Print Limited, PCI Pharma Services, Multi-Pack Solutions LLC, Unicep Packaging Inc, Reed-Lane Inc., Aphena Pharma Solutions Holdings Inc., Southwest Packaging and Supply Corporation, AbbVie Inc., Almac Group Limited, AmeriPac Inc, Assemblies Unlimited Inc., CentralPharma, DaklaPack Filling & Packaging, DelobrisPharmaceuticals Limited, Elitefill Inc., Finishing Services Inc., Jones Packaging Inc., LABO S.R.L., MJS Packaging Inc., MPH Co-Packing LLC, Nelipak B.V., Pharma Packaging Solutions LLC, Sepha Limited, SternMaid GmbH
Which are the Top Profitable Regional Markets for the Pharmaceutical Contract Packaging Industry?
North America was the largest region in the pharmaceutical contract packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the pharmaceutical contract packaging market report during the forecast period. The regions covered in the pharmaceutical contract packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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