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The pharmaceutical packaging market size is forecast to increase by USD 54.84 billion at a CAGR of 8.8% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The rise in research and development (R&D) spending within the pharmaceutical industry is leading to an increase in demand for advanced packaging. Additionally, the expansion of manufacturing facilities necessitates the adoption of innovative packaging technologies. However, the market also faces challenges, such as the risk of counterfeiting and the need to address contamination risks and dosing errors, particularly in the injectable drug segment. To mitigate these challenges, industry players are exploring the use of technologies like cloud and blockchain for traceability and security. Furthermore, there is a growing trend towards the use of pre-filled syringes and plastics in pharmaceutical packaging, as well as a focus on reducing drug waste and minimizing dosing errors. OTC drugs are also gaining popularity, requiring packaging solutions that ensure product efficacy and patient safety. Overall, the market is expected to continue its growth trajectory, driven by these trends and challenges.
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The market is witnessing significant growth due to the increasing prevalence of chronic diseases and the advancement of drug delivery devices. Chronic diseases such as diabetes, cardiovascular diseases, and cancer continue to pose a major health concern in both developed and emerging economies. In response to the rising burden of chronic diseases, healthcare systems are focusing on improving medication adherence and patient safety. Blister packaging, a type of pharmaceutical packaging, has gained popularity due to its ability to ensure child-resistant, tamper-evident, and unit-dose packaging. This packaging method is particularly useful for chronic disease treatments that require regular dosing.
Emerging economies, with their large populations and growing healthcare sectors, present significant opportunities for the market. However, these markets also face challenges such as poverty and financial constraints, which may limit the adoption of advanced packaging technologies. Drug development is another key driver for the market. Biopharmaceutical drugs, tablets, capsules, liquids, and powders all require specialized packaging solutions to maintain their efficacy and ensure patient safety. Rigid bottles, for instance, are commonly used for liquid medications, while glass bottles and containers are preferred for certain biopharmaceutical drugs due to their ability to maintain the drug's stability. The market for non-prescription drugs is also expanding, leading to an increased demand for cost-effective packaging solutions.
Amcor, a leading packaging company, has recently announced its commitment to sustainable packaging solutions for non-prescription drugs. Demographic trends, such as an aging population and increasing urbanization, are also influencing the market. As the population ages, the demand for medications to treat age-related diseases is expected to rise. Urbanization, on the other hand, is driving the adoption of convenient and portable packaging solutions for on-the-go medication use. In conclusion, the market is experiencing steady growth due to the increasing prevalence of chronic diseases, advancements in drug delivery devices, and demographic trends. However, emerging economies and financial constraints pose challenges that must be addressed to ensure widespread adoption of advanced packaging solutions. The market for non-prescription drugs is also expanding, with a focus on cost-effective and sustainable packaging solutions.
The pharmaceutical packaging market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The rigid plastic segment is estimated to witness significant growth during the forecast period. Pharmaceutical packaging plays a crucial role in the healthcare system by ensuring the safety and efficacy of drug development, including generic drugs and biopharmaceutical drugs. The various forms of pharmaceutical products, such as tablets, capsules, liquids, and powders, require specific packaging solutions to maintain their quality. Rigid bottles made of polyethylene polymers are commonly used for packaging oral medications, including tablets and over-the-counter drugs. These bottles offer protection to the medical composition of the products, even during transportation and storage. The Asia Pacific region is projected to experience substantial growth in the sales of over-the-counter drugs due to increasing self-medication awareness among consumers.
For instance, the sales of over-the-counter drugs in India are anticipated to reach USD 6 billion by 2023. Pharmaceutical packaging solutions also include standup pouches and other flexible packaging options, which cater to the packaging needs of various pharmaceutical forms and applications. The market is expected to grow significantly due to the increasing demand for effective and safe packaging solutions for various drug forms and applications.
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The rigid plastic segment accounted for USD 28.73 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 35% to the growth of the global pharmaceutical packaging market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In the North American market, the United States holds a significant position in the pharmaceutical packaging industry. Notable companies, including Amcor, dominate this sector in the US. The market's expansion is fueled by several factors, including the increasing value of US pharmaceutical exports, rising healthcare expenditures, and a growing elderly population. Government healthcare insurance programs' expansion also contributes to market growth. The US intellectual property system's strength bolsters sales of patented prescription and non-prescription drugs, attracting substantial venture capital investments in the pharmaceutical sector. Biological medications, nano drugs, and various forms, such as vials and ampoules, are increasingly popular in pharmacies to cater to patients' diverse needs.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in R&D spending in pharmaceutical industry is the key driver of pharmaceutical packaging market growth. Pharmaceutical companies are significantly investing in research and development (R&D), allocating approximately 15%-20% of their revenues towards this purpose. The increased investment in R&D is anticipated to result in the introduction of more pharmaceutical products into the market, thereby fueling the demand for pharmaceutical packaging. To minimize their capital expenditure and operating costs related to packaging, pharmaceutical manufacturers are outsourcing their packaging operations to third-party providers. This outsourcing strategy allows them to avoid the expenses associated with purchasing packaging machinery, securing space for a packaging unit, and hiring labor.
Chronic diseases continue to pose a significant health concern, especially in emerging economies. With healthcare systems facing financial constraints due to poverty and other socio-economic factors, there is a growing need for cost-effective pharmaceutical packaging solutions. Blister packaging and bottles, including both glass and plastic, are popular choices due to their affordability and protective properties. In the US, the market is expected to grow due to the increasing prevalence of chronic diseases and the rising demand for drug delivery devices. Pharmaceutical companies are focusing on developing innovative packaging solutions that cater to the specific needs of these devices and ensure the safety and efficacy of the medications they contain. By staying informed about demographic trends and financial constraints, pharmaceutical packaging manufacturers can tailor their offerings to meet the evolving needs of the industry and their customers.
Expansion of manufacturing facilities is the upcoming trend in the pharmaceutical packaging market. Pharmaceutical packaging, particularly for injectable drugs such as pre-filled syringes, is experiencing significant growth due to the increasing demand for various healthcare products. companies in this market are expanding their operations to meet this demand. For instance, Schott AG invested in a new pharma glass tubing factory in Jinyun, China, in November 2021, to cater to the rising need for high-quality glass tubing for primary pharmaceutical packaging. Similarly, in May 2021, Nipro Corp. acquired Piramida, a Croatian glass pharmaceutical packaging manufacturer, to increase its market presence in Central Europe and help Piramida expand globally. Cloud technologies, such as Blockchain, are also gaining traction in the pharmaceutical packaging industry.
These technologies can help mitigate contamination risks, dosing errors, and drug waste by ensuring traceability and authenticity of the products. Moreover, the use of plastics in pharmaceutical packaging is increasing due to their lightweight and cost-effective nature. However, concerns regarding the environmental impact of plastic packaging and the potential for OTC drugs to be counterfeited remain. In conclusion, the market is witnessing growth due to the increasing demand for various healthcare products. companies are expanding their operations to meet this demand, while also exploring the use of advanced technologies like Blockchain to enhance product safety and traceability. The use of plastics in packaging continues to be a trend, but concerns regarding sustainability and counterfeiting persist.
Risk of counterfeiting in pharmaceutical packaging is a key challenge affecting pharmaceutical packaging market growth. The pharmaceutical industry faces a significant challenge with the prevalence of counterfeit drugs in the supply chain. These fake medications pose a risk to consumers' health and safety, as well as potential financial losses for pharmaceutical and packaging companies. The intricate nature of the global pharmaceutical supply chain, which involves numerous intermediaries, increases the likelihood of original products being replaced or stolen and replaced with counterfeit ones, either at the beginning or end of the supply chain. To mitigate this risk, the US federal government is taking steps to safeguard the pharmaceutical industry. Pharmaceutical packaging plays a crucial role in ensuring product authenticity and security.
Technologies such as prefilled syringes, medication tubes, and prefilled inhalers, along with emerging solutions like induction seals, NFC tags, nano barcodes, and serialization, are being adopted to enhance product traceability and prevent counterfeiting. By implementing these advanced packaging solutions, the industry can protect consumers, preserve brand reputation, and safeguard financial interests.
The pharmaceutical packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the pharmaceutical packaging market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company provides a range of pharmaceutical packaging options, including Blister Lidding, AmSky Blister System, Formpack Dessiflex Blister System, and Formpack Blister System, catering to the demands of the pharmaceutical industry.
The pharmaceutical packaging market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The pharmaceutical packaging market is experiencing significant growth due to the rising prevalence of chronic diseases and the increasing demand for advanced drug delivery devices. Blister packaging, pre-filled syringes, medication tubes, pre-filled inhalers, and other types of packaging solutions are gaining popularity in both developed and emerging economies. Demographic trends, poverty, and financial constraints in healthcare systems are driving the market, particularly in emerging economies. Emerging technologies, such as NFC tags, nano barcodes, serialization, cloud, and blockchain, are being adopted to ensure drug traceability, prevent counterfeit drugs, and enhance patient safety. Induction seals, tamper-evident properties, and counterfeiting measures are also crucial factors in the market.
The pharmaceutical packaging market is a significant sector that caters to the needs of various pharmaceutical forms, including tablets, capsules, powders, and non-prescription drugs. This market plays a crucial role in ensuring the safety, efficacy, and quality of pharmaceutical products. Tablet and capsule are the most common dosage forms in the market, requiring specialized packaging solutions to maintain their stability and integrity. Powder packaging, on the other hand, presents unique challenges due to the risk of contamination and moisture absorption. Non prescription drugs also require appropriate packaging to maintain their potency and protect against environmental factors. The pharmaceutical packaging market is expected to grow steadily due to the increasing demand for convenient, safe, and effective packaging solutions for various pharmaceutical forms.
The market comprises various types of packaging materials, including glass bottles, plastic bottles, and rigid containers made of plastics, PCR material, compostable material, R-PET, and Bio-PET. The market caters to a wide range of pharmaceutical products, including injectable drugs, prescription drugs, non-prescription drugs, tablets, capsules, liquids, powders, and biological medications. The market is influenced by various factors, such as drug development, generic drugs, biopharmaceutical drugs, and OTC drugs. Pharmaceutical companies and packaging manufacturers are focusing on sustainable materials and innovative designs to reduce drug waste, contamination risks, and dosing errors. IoT devices, international paper, syringes, vials, cartridges, folding cartons, and closures are also essential components of the market.
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Market Scope |
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Report Coverage |
Details |
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Page number |
188 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
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Market growth 2024-2028 |
USD 54.84 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.49 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 35% |
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Key countries |
US, UK, China, Canada, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor Plc, AptarGroup Inc., Ball Corp., Becton Dickinson and Co., Berry Global Inc., Catalent Inc., Constantia Flexibles Group GmbH, Datwyler Holding Inc., Gerresheimer AG, International Paper Co., Jabil Inc., James Alexander Corp., KP Holding GmbH and Co. KG, Nipro Corp., O I Glass Inc., SCHOTT AG, Vitro S.A.B. de C.V., West Pharmaceutical Services Inc., WestRock Co., and Winpak Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our pharmaceutical packaging market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this pharmaceutical packaging market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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