The growing pharmaceutical Industry and innovations in
packaging technology are driving growth in the pharmaceutical
packaging market. The adoption of advanced technologies in
pharmaceutical packaging, such as digital printing,
anti-counterfeiting measures, and temperature-sensitive packaging,
contributes to the market's growth in Germany
NEWARK,
Del., July 8, 2024 /PRNewswire/ --
The pharmaceutical packaging market is estimated to be
worth US$ 108.9 billion in
2024 and is projected to be valued at US$
216.2 billion in 2034. Between 2024 and 2034, the
industry is expected to expand at a CAGR of 7.10%.
The continuous rise in global healthcare expenditure, coupled
with the growing demand for pharmaceuticals driven by aging
populations and the prevalence of chronic diseases, is a primary
driver. As healthcare needs escalate, pharmaceutical production
increases, necessitating advanced packaging solutions.
Stringent regulatory requirements imposed by health authorities
worldwide play a pivotal role in the pharmaceutical packaging
market. Regulations ensure product safety, traceability, and
adherence to quality standards, compelling pharmaceutical companies
to invest in compliant packaging solutions. Ongoing advancements in
packaging technologies contribute to market growth. Innovations
such as smart packaging, track-and-trace systems, and
tamper-evident features enhance product security, improve patient
safety, and address counterfeiting concerns.
The increasing production of generic drugs, prompted by patent
expirations of branded medications, fuels the demand for
pharmaceutical packaging. The anticipated surge in global
pharmaceutical production and consumption is poised to drive
significant growth in pharmaceutical packaging sales over the
projected period. The growing emphasis on safeguarding drugs
against spoilage, breakage, and leakage is expected to contribute
to the rapid expansion of the pharmaceutical packaging market.
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The array of pharmaceutical packaging products encompasses items
such as bottles, vials, ampoules, bags, blisters, pouches,
containers, sachets, tubes, trays, and prefilled syringes. These
diverse packaging solutions play a vital role in significantly
extending the shelf life of medicines, shielding them from
moisture, air, chemicals, and microbial growth
Key Takeaways:
- From 2019 to 2023, the pharmaceutical packaging market was
valued at a CAGR of 6.9%
- Based on product type, the bottles segment is expected to
account for a share of 33.4% in 2024.
- Global pharmaceutical packaging demand in China is predicted to account for a CAGR of
7.5% in 2024.
- In the United States, the
pharmaceutical packaging industry is expected to account for a CAGR
of 5.6% in 2024.
- Germany is projected to expand
by a value CAGR of 5.8% between 2024 and 2034.
- Pharmaceutical packaging market in India is anticipated to record a CAGR of 7.9%
in 2024.
- .The adoption of advanced packaging technologies, such as smart
packaging, track-and-trace systems, and anti-counterfeiting
measures, is on the rise in Japan
"The rapid growth of the pharmaceutical industry and
increasing focus on ensuring the protection of drugs from spoilage,
breakage, and leakage is anticipated to drive the market growth
during the forecast period." Says a Lead Consultant
Ismail
Sutaria in Packaging at Future Market
Insights (FMI).
Pharmaceutical Packaging Market Growth Driver
- The anticipated surge in global pharmaceutical production and
consumption is poised to drive robust sales in the pharmaceutical
packaging sector throughout the projected period.
- Growing emphasis on safeguarding drugs against spoilage,
breakage, and leakage is expected to contribute significantly to
the rapid growth of the pharmaceutical packaging market.
- The increasing healthcare expenditure is expected to drive the
pharmaceutical packaging market.
- The growing aging population, the prevalence of chronic
diseases, and advancements in medical research and technology
directly influences the demand for pharmaceutical packaging.
- The increasing production of generic drugs, driven by patent
expirations of branded drugs, contributes to the growth of the
pharmaceutical packaging market
Pharmaceutical Packaging Market Key Challenges
- Ensuring the integrity of the supply chain and implementing
effective anti-counterfeiting measures in packaging is a constant
challenge to protect both pharmaceutical companies and
consumers.
- Packaging materials and components may come from various
regions, and coordinating the supply chain to ensure timely and
efficient delivery of packaging materials can be challenging.
- Finding environmentally friendly packaging solutions that meet
regulatory requirements and maintain product integrity can be
challenging.
- Implementing innovative packaging solutions, such as smart
packaging and digital technologies, can be challenging due to cost
considerations and the need for seamless integration into existing
processes.
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Competitive Landscape
The market players are investing in and adopting advanced
packaging technologies, such as smart packaging, RFID
(Radio-Frequency Identification), and QR codes, to enhance product
security, traceability, and patient engagement.
- Amcor Plc is a global packaging company that provides a wide
range of packaging solutions, including pharmaceutical packaging.
Amcor focuses on sustainable packaging solutions, and has made
commitments to address environmental concerns. The company invests
in research and development to introduce innovative packaging
technologies. Amcor often expands its product portfolio through
acquisitions and partnerships.
- Ardagh Group S.A. is a multinational packaging company involved
in metal and glass packaging, including pharmaceutical packaging
solutions. Ardagh emphasizes sustainability in its operations and
product offerings. The company explores strategic acquisitions and
partnerships to expand its market presence and capabilities.
Key Companies in the Market
- Amcor Plc.
- Ardagh Group S.A.
- Berry Global Group, Inc.
- Bilcare Limited
- Catalent, Inc.
- Clondalkin Group Holdings B.V.
- Constantia Flexibles Group GmbH
- Gerresheimer AG
- Klöckner Pentaplast Group
- Mondi Group
Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global
pharmaceutical packaging market, providing historical data from
2019 to 2023 and forecast statistics between 2024 and 2034.
Market Segmentation
By Product Type:
- Bottles
-
- Packer Bottles
- Liquid Bottles
- Vials & Ampoules
- Blisters
- Bags & Pouches
- Prefilled syringes & cartridges
- Sachets
- Trays
- Tubes
- Containers, Jars & Others
By Material Type:
- Plastics
-
- Polyethylene
-
- Polyvinyl chloride
- Polypropylene
- Polystyrene
- Polyethylene terephthalate
- Others (Polycarbonate)
- Glass
- Metals
- Paper
By Drug Delivery:
- Ophthalmic
- Injectable
- IV Drugs
- Nasal
- Wound Care
- Pulmonary
- Oral
- Others (Topical and Transdermal)
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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About the Packaging Division at Future Market
Insights
The packaging team at Future Market Insights offers expert
analysis, time-efficient research, and strategic recommendations
with the objective of providing authentic insights and accurate
results to help clients worldwide. With a repertoire of over 100+
reports and 1 billion+ data points, the team has been analyzing the
industry lucidly in 50+ countries for over a decade. The team
provides a brief analysis of key trends including competitive
landscape, profit margin, and research development efforts.
Authored by:
Ismail Sutaria (Lead
Consultant, Packaging and Materials) has over 8 years of experience
in market research and consulting in the packaging & materials
industry. Ismail's strength lies in identifying key challenges
faced by the client and offering logical and actionable insights to
equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational
consulting assignments. His key skills include competitive
benchmarking, opportunity assessment, macroeconomic analysis, and
business transformation advisory. Ismail is an MBA holder in
Marketing and has a Bachelor's Degree in Mathematics.
Have a Look at Related Research Reports on Packaging
Domain:
The anti-counterfeit pharmaceutical packaging market is
estimated to be valued at US$ 108.1
billion in 2023 according to estimates. The market is
expected to reach US$ 246.6 billion
by 2033 developing at a CAGR of 8.6%.
The global pharmaceutical vials market is expected to be
valued at US$ 12,137.2 million in
2023 and reach a valuation of US$ 24,099.7
million by 2033. The demand for pharmaceutical vials is
estimated to grow at a steady 7.10% CAGR, with the United Kingdom, the USA, China,
and India emerging as key
producers.
The temperature controlled pharmaceutical containers market is
set to enjoy a valuation of US$ 4.8
billion in 2024, registering progression at a CAGR of 4.8%
to reach US$ 7.7 billion by 2034.
Sales of such containers are anticipated to bolster with the top 3
countries estimated to hold around 35 to 40% of the market by the
end of this forecast period.
The global pharmaceutical plastic bottle industry is
nearing a valuation of USD 30 billion
in 2024 and is forecast to reach a value of USD 49 billion by 2034.
In the present year 2023, the net worth of total pharmaceutical
plastic packaging products globally is likely to be around
US$ 54,820.9 million. The global
pharmaceutical plastic packaging market is projected to progress at
a CAGR of 5.8% between the years 2023 and 2033
The global pharmaceutical unit dose packaging market is
expected to attain an impressive valuation of US$ 34.2 billion in 2023 and is projected to
reach US$ 136 billion by 2033,
expanding at a CAGR of 14.8%.
Newly released data by Future Market Insights (FMI) projects the
global pharmaceutical cold chain packaging market to register
a CAGR of 14.8% and to reach US$ 60,100.9
million by 2033.
The pharmaceutical container market is likely to be valued
at US$ 95.3 billion in 2023. The
estimated CAGR of 6.1% from 2023 to 2033 suggests that the global
pharmaceutical container market is executed to reach a valuation of
US$ 172.4 billion by 2033.
The global pharmaceutical packaging equipment market size is
expected to be valued at US$ 5.6
billion in 2023. Increasing demand for sustainable packaging
solutions, bolsters the overall scope for pharmaceutical packaging
equipment market, which is projected to grow at a CAGR of 4.1%
between 2023 and 2033, totaling around US$
8.4 billion by 2033.
The global pharmaceutical contract packaging market is
predicted to be valued at US$ 6.1
billion in 2023. Contract packaging services in
pharmaceuticals are forecasted to advance at 7.5% CAGR from 2023 to
2033. By the end of the year 2033, the overall market is forecasted
to reach a valuation of US$ 11.9
billion.
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of over 400 analysts worldwide,
FMI provides global, regional, and local expertise on diverse
domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware -
19713, USA
T: +1-845-579-5705
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SOURCE Future Market Insights