Pharmaceutical Packaging Market Forecasts to 2028 – Global Analysis By Raw Material, Type, Product Type, Drug-Delivery Mode, Packaging, Purchase Organization, Application, End User and By Geography
According to Stratistics MRC, the Global Pharmaceutical Packaging Market is accounted for $88.62 billion in 2020 and is expected to reach $164.02 billion by 2028 growing at a CAGR of 8.0% during the forecast period. The growing command for drug delivery devices and blister packaging and rising health awareness and adoption of new regulatory standards are the major factors propelling the market growth. However, the price volatility of raw materials is hampering market growth.
Packaging is an integral part of a pharmaceutical product. Packaging is often involved in dispensing, dosing, and use of pharmaceutical products. Communication of proper use and cautionary labels are also regulated. There are several different types of packaging for a pharmaceutical product, which are classified as primary, secondary, and tertiary.
Based on the type, the plastic bottles segment is estimated to have a huge demand during the forecast period. The growing use of oral drug delivery mode owing to patient compliance and convenience, increasing cases of communicable diseases and the rise in the aging population in developed economies are responsible for the high share of the bottles segment.
By geography, the Asia Pacific is going to have lucrative growth during the forecast period. Increasing government initiatives in the emerging pharmaceutical market, an increase in contract manufacturing activities, a rise in the aging population and increased spending on healthcare are pouring into the market in this region.
Some of the key players profiled in the Pharmaceutical Packaging Market include Amcor Plc, Ardagh Group S.A., Becton, Dickinson and Company, Berry Global, Inc., Bilcare Limited, Catalent, Inc., Clondalkin Group Holdings B.V., Constantia Flexibles Group GmbH, Gerresheimer AG, Klockner Pentaplast Group, Mondi Group, Nipro Corporation, Piramal Glass Limited, Schott AG, and UDG Healthcare plc.
Estimated Market Size in 2020:
USD 88.62 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Raw Material, Type, Product Type, Drug-Delivery Mode, Packaging, Purchase Organization, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Raw Materials Covered:
• Paper & Paperboards
• Plastics & Polymers
• Aluminum Foil
• Tin Plated
• Rubber and Steel
• Other Raw Materials
• Blister Packs
• Caps & Closures
• Mini-Jars & Canisters
• Labels & Accessories
• Medical Specialty Bags
• Medication Tubes
• Plastic Bottles
• Bottles (Rigid)
• Pouches & Strip Packs
• Pre-Fillable Syringes
• Pre-Filled Inhalers
• Temperature-Controlled Packaging
• Parenteral Containers
• Collapsible Tubes
• Other Types
Product Types Covered:
• Tertiary Pharmaceutical Packaging
Drug-Delivery Modes Covered:
• Intravenous (IV) Drugs
• Oral Drugs
• Other Drug-Delivery Modes
• Rigid Packaging
• Semi-Rigid Packaging
• Flexible Packaging
Purchase Organizations Covered:
• Government Agencies
• Packaging Companies
• Generic Drugs
• Medical Tools & Equipment
• Branded Drugs
• Test Kits
• Veterinary Vaccines
• Space Crafts and Space Missions
• Food and Beverage
End Users Covered:
• Contract Packaging
• Institutional Pharmacy
• Pharmaceutical Manufacturing
• Retail Pharmacy
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Pharmaceutical Packaging Market is majorly driven by the growing command for drug delivery devices and blister packaging and rising health awareness and adoption of new regulatory standards.
The plastic bottles segment is growing at the highest CAGR due to the increasing cases of communicable diseases and the rise in the aging population in developed economies.
North America dominated with a significant market share owing to high purchasing power, coupled with rise in adoption rate of smart and advanced packages.
Asia Pacific market is growing at the highest CAGR owing to rising health awareness among consumers and the increasing disposable income levels.
Key players in Pharmaceutical Packaging Market include Amcor Plc, Ardagh Group S.A., Becton, Dickinson and Company, Berry Global, Inc., Bilcare Limited, Catalent, Inc., Clondalkin Group Holdings B.V., Constantia Flexibles Group GmbH, Gerresheimer AG, Klockner Pentaplast Group, Mondi Group, Nipro Corporation, Piramal Glass Limited, Schott AG, and UDG Healthcare plc.
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