Pharmaceutical Packaging Market Share

Global Pharmaceutical Packaging Market Overview

Pharmaceutical Packaging Market Size was valued at USD 132.38 Billion in 2023. The Pharmaceutical Packaging industry is projected to grow from USD 144.96 Billion in 2024 to USD 273.62 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.27% during the forecast period (2024 - 2032). scientific and technological developments and the massive growth of the pharmaceutical industry are expected to continue and are the key market drivers boosting market development.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pharmaceutical Packaging Market Trends

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  The growing obese population is driving the market growth

  
  

Technological developments in the business and rising pharmaceutical demand contribute to the increasing need for vials, bottles, and other packaging options and contribute to the market CAGR. Glass vial used in the pharmaceutical industry is also growing due to the rising demand for injectables. Oncology and other high-potency medications (such as antibody conjugates and fast-acting steroids) are in high order and rising per capita spending on pharmaceuticals is anticipated to be one of the primary growth factors in this market.

The development of medicine and bioscience is what essentially drives the pharmaceutical industry. In addition, the pharmaceutical business contributes significantly to the European economy as one of the continent's most successful high-tech industries. The pharmaceutical sector is undergoing a tremendous transformation, and during the past several years, there has been a marked increase in attention paid to the development of biologic medications. Few biotechnology-based medicinal therapies are presented as lyophilized or dry powder dosage forms since they are unstable in liquid form. Lyophilized drugs require specific packaging to work at their best, opening up the new market potential for packaging producers.

To boost the sustainability of packaging, businesses primarily concentrate on using post-consumer recycled (PCR) material and developing packaging from biodegradable material. Leading provider of pharmaceutical packaging, Gerresheimer AG, has been selling glass bottles constructed of PCR glass for a while. The business additionally sells bottles composed of R-PET and BIO-PET (resins derived from sugarcane plants). In the upcoming years, the movement toward sustainable packaging is anticipated to accelerate dramatically. Thus, such factors are boosting the Pharmaceutical Packaging market revenue.

Amcor also announced in April 2023 its innovative High Shield laminate that contributes towards sustainable packaging solutions for pharmaceutical industries worldwide. Known for responsible packaging solutions AMCOR. Consequently, this has provided a low-carbon recyclable alternative that fulfills stringent demands placed upon it by its industry, including support for pharmaceutical manufacturers' recycling efforts.

Südpack launched PharmaGuard blister which is made of polypropylene in April 2023. For example this new product is equipped with excellent water vapor barrier properties as well as efficient obstacle against UV and oxygen.

Becton, Dickinson and Company, the world’s largest medical packaging company, and Frazier Healthcare Partners, a leading private equity firm focused exclusively on the healthcare sector, announced an agreement to purchase Parata Systems at BD for $1.525 billion in June 2022. Parata has a pharmacy automation system that includes medication adherence packaging, high-speed robotic dispensing technologies and pharmacy workflow solutions, which ultimately leads to Cost reduction, patient safety improvement and patient experience enhancement through its diverse range of services.

Pharmaceutical Packaging Market Segment Insights

Pharmaceutical Packaging Product Insights

On the basis of product, the pharmaceutical packaging market segmentation includes vials, bottles & jars, cartridges & syringes, and ampoules. The bottles category is the most important product type among these. The segment's growth is attributable to this product's lightweight, cheap, and simple-to-mold qualities. Packaging solid and liquid medications such as tablets, capsules, syrups, nose drops, and eye drops is also preferred in plastic bottles. Market growth is anticipated to be aided by rising pharmaceutical industry demand for plastic bottles. Additionally, it is predicted that during the forecast period, there will be an increase in the consumption of caps and closures due to the rising demand for bottles, vials, and jars.

Pharmaceutical Packaging Material Type Insights

The Pharmaceutical packaging market segmentation, based on material type, includes type I, type II, and type III. The type III is the market sector for pharmaceutical packaging that is increasing the fastest. In contrast to Type I and Type II materials, Type III packing materials are often made of glass and have a higher hydrolytic resistance. This qualifies them for the packaging of medicaThe bottles category is the most important product type among these. The segment's growth is attributable to this product's lightweight, cheap, and simple-to-mold qualities.

Figure 1:  Pharmaceutical Packaging Market by Material Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pharmaceutical Packaging Application Insights

The Pharmaceutical Packaging market segmentation, based on application, includes generic drugs, branded drugs, and biological drugs. The biological drugs sector has the biggest growth rate in the pharmaceutical packaging market. Complex chemicals derived from live organisms are called biological medications or biologics, and they are used to treat various illnesses, including cancer, autoimmune diseases, and hereditary problems. Because of developments in biotechnology and the rising incidence of chronic diseases, there has been an increase in the need for biological medicines. Some medications need specific packaging to preserve their stability, effectiveness, and safety.

Pharmaceutical Packaging Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America took the lead by accounting for a value share of the market in 2022. Leading pharmaceutical companies are heavily represented in the region in nations including Mexico, the United States, and Canada. Due to its well-developed healthcare system, significant investments in drug discovery, and high per capita income, the United States is the world's largest pharmaceuticals market size.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  PHARMACEUTICAL PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

From 2023 to 2032, the European pharmaceutical packaging market is predicted to expand at a considerable CAGR. Various reasons, including rising pharmaceutical product demand and the necessity of patient safety, fueling the market's expansion. Further, the German Pharmaceutical Packaging market held the largest market share, and the UK Pharmaceutical Packaging market is likely to be the fastest-growing market in this region.

The Asia-Pacific Pharmaceutical Packaging Market will likely grow fastest from 2023 to 2032. The pharmaceutical packaging industry in China is seeing substantial growth, which opens up a wide range of commercial options. It is increasingly crucial for businesses to explore packaging ideas that address new requirements in the pharmaceutical packaging industry. India has seen significant expansion in the pharmaceutical packaging sector for several years. There is potential for continued growth in this area of the pharmaceutical industry because of breakthroughs and new therapies. Moreover, China’s Pharmaceutical Packaging market held the largest market share, and the Indian Pharmaceutical Packaging market is expected to be the fastest-growing market in the Asia-Pacific region.

Pharmaceutical Packaging Key Market Players & Competitive Insights

Due to the various competitors present worldwide. Leading market players are strengthening their market positions mostly through acquisitions, which makes the rivalry even more fierce. Market participants undertake important market developments, including engaging in direct competition with one another to win contracts from sizable pharmaceutical makers. Thus, it is noted that there is intense competition in the market.

Players are concentrating on providing value-added services in the Pharmaceutical Packaging industry to attract more customers. In recent years, the Pharmaceutical Packaging company have used the most popular techniques used by packaging makers for coloring packing containers, including spray painting, UV coating, and metallization. Additionally, packaging manufacturers frequently label and incorporate different anti-counterfeit packaging techniques. Major players in the Pharmaceutical Packaging market include Amcor Plc of Switzerland, AptarGroup Inc. of the United States, Berry of the United States, Schott AG of Germany, and CCL Industries of Canada, among others.

Pharmaceutical, food and beverage, home and personal care, and Amcor Plc are just a few industries for which the company offers a wide range of packaging solutions. The corporation operates in 12 countries and has a significant influence in Europe. Innovative and environmentally friendly packaging solutions are a priority for Amcor's pharmaceutical packaging division. The business continually creates innovative packaging materials and technologies that can aid pharmaceutical firms in enhancing their packaging operations' security, efficiency, and safety. Amcor's pharmaceutical packaging division made €2.5 billion in sales in 2022. The company has a proven track record of expansion, with sales rising by 5% annually over the previous five years.

packaging service and product provider AptarGroup Inc. serves the pharmaceutical, specialized, home, and cosmetics industries. The corporation operates in 14 countries and has a significant presence in Europe. A substantial portion of AptarGroup's entire business is the pharmaceutical packaging sector. The company provides a huge selection of packaging options for pharmaceutical goods. The pharmaceutical packaging division of AptarGroup is well-positioned for future expansion. Due to its extensive portfolio of cutting-edge packaging solutions and strong presence, AptarGroup is well-positioned to benefit from this expansion.

Key Companies in the Pharmaceutical Packaging market include

• Amcor Plc of Switzerland


• AptarGroup Inc. of the United States


• Berry of the United States


• Schott AG of Germany


• CCL Industries of Canada


• among others

Pharmaceutical Packaging Industry Developments

January 2023: Amcor disclosed its plans to purchase Shanghai-based MDK. With roughly USD 50 million in annual sales, MDK is a leader in medical device packaging and a top priority growth area for Amcor. Amcor's existing robust healthcare portfolio in the Asia-Pacific region will be strengthened by the inclusion of MDK as it maintains its concentration on higher growth priority categories.

April 2022: Amcor added new, more environmentally friendly High Shield laminates to its assortment of pharmaceutical packaging. This low-carbon, recyclable, and moisture-resistant packaging solution supports end-use companies' recycling goals.

May 2022: The launch of EcoPositive, a label for all of the company's sustainable packaging options, has been announced by Bormioli Pharma, a producer of glass and primary plastic packaging for pharmaceutical applications. This includes products made of innovative polymers, recycled glass and plastic, and bio-based, compostable, or biodegradable plastics.

November 2023: The U.S. Food and Drug Administration (FDA) issued new guidelines for tamper-evident packaging for prescription drugs. These stricter regulations aimed to combat the rise of counterfeit medications and ensure patient safety

In June 2023, Constantia Flexibles announced the launch of a novel laminate that is recycle-ready and possesses improved chemical resistance properties. This latest item adheres to the principles of “design for recycling” and substitutes various harmful substances such as gel compositions or liquid drugs.

Pharmaceutical Packaging Market Segmentation

Pharmaceutical Packaging Product Outlook

• Vials


• Bottles & Jars


• Cartridges & Syringes


• Ampoules

Pharmaceutical Packaging Material Type Outlook

• Type I


• Type II


• Type III

Pharmaceutical Packaging Application Outlook

• Generic Drugs


• Branded Drugs


• Biological Drugs

Pharmaceutical Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America