The global pharmaceutical packaging market was valued at USD 117.91 Billion in 2022 and grew at a CAGR of 4.49% from 2023 to 2032. The market is expected to reach USD 182.94 Billion by 2032. The growth of the pharmaceutical packaging market can be attributed to the rise in demand for pharmaceutical products amid growing chronic diseases.
The pharmaceutical sector focuses on the importance of packaging, which performs a number of vital tasks related to customer safety. Protection from physical harm while a product passes through the supply chain, is one of the most evident purposes of pharmaceutical packaging. A patient cannot use medication damaged, crushed, or spilt while being transported. Pharmaceutical packaging is essential in stopping these occurrences. Pharmaceutical packaging is crucial in many ways when transporting delicate medicines subject to strict regulations. Primary packaging's significant goals are product preservation and consumer education. Primary, secondary, and tertiary packaging can categorize pharmaceutical packaging options.
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Increasing demand for pharmaceutical packaging: The packaging confronts stiff competition from various types of packaging. The pharmaceutical industry is also looking for glass material packaging for business reasons. Loadability, breakages, and unit cost are just a few reasons why pharma businesses invest in pharmaceutical packaging. The manufacturers are designing lightweight and robust bottles for pharma to compete with other choices. Designing and developing adequate packaging for pharmaceutical items is critical for ensuring the safe shipping, storage, and administration of medicines, some of which potentially save lives. Plastic and glass are the most common materials used in pharmaceutical packaging. Due to its qualities that allow for easy sanitation and sight of the substance it holds, glass is frequently preferred. For decades, the pharmaceutical industry has relied on creating safe and secure packaging for its wide range of medicines.
The fluctuating cost of manufacturing: The capital expenditure of pharmaceutical packaging is high, which acts as a restraint in the market. The Medium and small-scale industries find it challenging to cope with the fluctuating manufacturing and processing cost. The end consumers have to pay the cost in terms of the final price, which can lead to a decrease in demand for premium packaged products.
The imposition of stringent regulations for product approval in end-user industries: The imposition of regulations by global and regional agencies for increasing the safety of drugs has led to increased demand for the pharmaceutical packaging market. Global organizations have laid stringent guidelines for pharmaceutical packaging to minimize the chances of contamination. Thus, these factors have led to maintaining the quality control requirements for the packaging process for the pharmaceutical industries. This has increased demand for pharmaceutical packaging due to the process's ease. Quality assurance is defined as the entirety of the arrangements made with the purpose of ensuring that pharmaceutical goods are of the quality required for their intended use in the manufacturing of pharmaceutical products. The tight laws that oversee the quality and standards of pharmaceuticals also apply to their packaging, with governing organizations worldwide defining requirements that pharmaceutical businesses must follow.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant pharmaceutical packaging market, with a 36.21% market revenue share in 2022.
North American region will account for the largest market share with revenue growth. The increasing investment in the pharmaceutical and biotech industries will drive the demand for pharmaceutical packaging. Also, the regulations governing the safety of pharmaceutical products are likely to provide new opportunities to the market players.
North America region Pharmaceutical Packaging Market Share in 2022 - 36.21%
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The type segment is divided into plastic bottles, labels & accessories, blister packs, caps & closures, ampoules, vials and pre-filled syringes. The plastic bottles segment dominated the market, with a share of around 38.21% in 2022. Plastic bottles are considered safe packaging for most drug formulations. Plastics are inexpensive and non-fragile, which makes them a popular choice among mid and small-scale drug manufacturers.
The raw material segment is divided into plastics & polymers, glass, paper & paperboards, metals and others. The plastics & polymers segment dominated the market, with a share of around 32.82% in 2022. Plastic offers a stable and affordable packaging method for goods across various industries, including the pharmaceutical industry. Thermoplastics and thermosets are the two polymers most frequently utilized in pharmaceutical packaging.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Billion) |
Market size value in 2022 | USD 117.91 Billion |
Market size value in 2032 | USD 182.94 Billion |
CAGR (2023 to 2032) | 4.49% |
Historical data | 2019-2021 |
Base Year | 2022 |
Forecast | 2023-2032 |
Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Segments | Type and Raw Material |
As per The Brainy Insights, the size of the pharmaceutical packaging market was valued 117.91 billion in 2022 to USD 182.94 Billion by 2032.
Global pharmaceutical packaging market is growing at a CAGR of 4.49% during the forecast period 2023-2032.
Asia Pacific region emerged as the largest market for the pharmaceutical packaging.
The market's growth will be influenced by the growing demand for pharmaceutical products.
The fluctuating cost of raw materials can hamper the market growth.
The increasing investment in packaging is providing huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Raw Material
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing demand for pharmaceutical products
5.3. Restraints
5.3.1. Fluctuating cost of raw materials
5.4. Opportunities
5.4.1. Increasing investment in pharmaceutical and biotech industry
6. Global Pharmaceutical Packaging Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Plastic Bottles
6.3. Labels & Accessories
6.4. Blister Packs
6.5. Caps & Closures
6.6. Ampoules
6.7. Vials
6.8. Pre-filled Syringes
7. Global Pharmaceutical Packaging Market Analysis and Forecast, By Raw Material
7.1. Segment Overview
7.2. Plastics & Polymers
7.3. Glass
7.4. Paper & Paperboards
7.5. Metals
7.6. Others
8. Global Pharmaceutical Packaging Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Pharmaceutical Packaging Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Pharmaceutical Packaging Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Amcor plc
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. AptarGroup, Inc.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Becton, Dickinson, and Company
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Berry Global, Inc.
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Catalent, Inc
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. CCL Industries Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Comar LLC
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Gerresheimer AG
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. International Paper Company
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Nipro Corporation
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Schott AG
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Vetter Pharma International
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. West Pharmaceutical Services, Inc.
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. WestRock Company
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
List of Table
1. Global Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
2. Global Plastic Bottles, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
3. Global Labels & Accessories, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
4. Global Blister Packs, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
5. Global Caps & Closures, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
6. Global Ampoules, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
7. Global Vials, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
8. Global Pre-filled Syringes, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
9. Global Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
10. Global Plastics & Polymers, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
11. Global Glass, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
12. Global Paper & Paperboards, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
13. Global Metals, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
14. Global Others, Pharmaceutical Packaging Market, By Region, 2019-2032 (USD Billion)
15. North America Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
16. North America Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
17. U.S. Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
18. U.S. Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
19. Canada Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
20. Canada Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
21. Mexico Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
22. Mexico Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
23. Europe Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
24. Europe Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
25. Germany Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
26. Germany Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
27. France Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
28. France Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
29. U.K. Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
30. U.K. Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
31. Italy Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
32. Italy Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
33. Spain Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
34. Spain Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
35. Asia Pacific Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
36. Asia Pacific Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
37. Japan Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
38. Japan Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
39. China Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
40. China Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
41. India Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
42. India Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
43. South America Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
44. South America Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
45. Brazil Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
46. Brazil Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
47. Middle East and Africa Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
48. Middle East and Africa Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
49. UAE Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
50. UAE Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
51. South Africa Pharmaceutical Packaging Market, By Type, 2019-2032 (USD Billion)
52. South Africa Pharmaceutical Packaging Market, By Raw Material, 2019-2032 (USD Billion)
List of Figures
1. Global Pharmaceutical Packaging Market Segmentation
2. Global Pharmaceutical Packaging Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pharmaceutical Packaging Market Attractiveness Analysis By Type
9. Global Pharmaceutical Packaging Market Attractiveness Analysis By Raw Material
10. Global Pharmaceutical Packaging Market Attractiveness Analysis By Region
11. Global Pharmaceutical Packaging Market: Dynamics
12. Global Pharmaceutical Packaging Market Share By Type (2023 & 2032)
13. Global Pharmaceutical Packaging Market Share By Raw Material (2023 & 2032)
14. Global Pharmaceutical Packaging Market Share By Regions (2023 & 2032)
15. Global Pharmaceutical Packaging Market Share By Company (2022)
This study forecasts revenue growth at global, regional, and country levels from 2023 to 2032 The Brainy Insights has segmented the global pharmaceutical packaging market on the basis of below mentioned segments:
Global Pharmaceutical Packaging Market by Type:
Global Pharmaceutical Packaging Market by Raw Material:
Global Pharmaceutical Packaging Market by Region:
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