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Pharmaceutical Packaging Market Size, Share and Industry Analysis Report by Material (Plastics & Polymers [Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate, Polyethylene, Polystyrene, Others], Paper & Paperboard, Glass, Metal, Others) and Product (Plastic Bottles, Caps & Closures, Parenteral Containers, Blister Packs, Pouches, Medication Tubes, Prescription Container, Pharmaceutical Packaging Accessories), Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5256
  • Base Year: 2021
  • Report Format: PDF

Industry Overview

Pharmaceutical Packaging Market size was valued at over USD 102.6 billion in 2021 and is estimated to grow at a CAGR of above 6.2% from 2022 to 2028 owing to the growing pharmaceutical manufacturing industry and rising healthcare expenses. The industry size may cross 125,596.4 kilo tons in terms of volume with an anticipated CAGR of 5.6% through the forecast spell.
 

pharmaceutical packaging market outlook

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Increasing consumer awareness of a healthier lifestyle will foster industry growth. The outburst of COVID-19 across the globe has further enhanced the demand for various medicines & drugs, which in turn, has boosted the demand for pharmaceutical packaging in 2020 and 2021.
 

Advanced drug delivery systems along with the availability of innovative packaging solutions with higher patient convenience & compliance will favorably impact the pharmaceutical packaging market growth. COVID-19 impacted the healthcare sector of various countries with the shortage of infrastructures, essential drugs & manpower along with disruptions in supply chains.
 

However, the medical supply chain is stabilizing in 2021 and 2022 owing to the decreased cases of COVID-19 and government initiatives to enhance healthcare facilities across several countries. Several pharmaceutical companies have analyzed & updated their operational capabilities and are focused on enhancing the production of essential pharmaceutical products as per the current situation.
 

Packaging solutions played an important role during the pandemic. Companies operating in the pharmaceutical packaging market benefitted from the increased demand for medicines, drugs & other products during this period and generated significant revenue growth in 2020. These companies boosted their production capacities and focused on an efficient way of production to support the enhanced demand for vials, blister packs, pre-filled syringes, bottles, containers, pouches, and cartridges.
 

The increased demand for COVID-19-related medications & vaccines has led to the overall pharmaceutical packaging market trends. Furthermore, increasing demand for smart packaging, patient focus packaging, sterile packaging, packaging solution for biologics, and cleanroom expansion is expected to propel the market in the near future.
 

The use of plastics to produce several packaging products will boost the market growth

pharmaceutical packaging market by material

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The plastics segment is expected to grow at a CAGR of 6.3% through 2028 and will lead the global pharmaceutical packaging market share during the forecast timeframe. Plastic is used in the manufacturing of the majority of packaging products and provides ease of design & cost-effectiveness. They are used to produce bottles, parenteral containers, caps & closures, blister packs, pouches, and other packaging accessories.
 

Plastic products offer excellent shatter resistance, which enables easy transportation and handling. Furthermore, plastics offer various properties such as strength, easy moldability, and effective barrier against external environments at a lower cost when compared to other materials such as metal, glass, and paper.
 

Metal is also a commonly used material in pharmaceutical packaging. Aluminum foil is used as a key material in blister packaging as it offers strong barrier against moisture and easy-to-tear properties. Metal foils are also used to produce flexible packs that are used in tablet strips. Furthermore, most of the seals used in plastic or glass bottles are made of metals, such as aluminum, as they offer strong barrier properties against UV light, moisture, and oxygen.
 

Increasing demand for parenteral packaging products, such as prefilled syringes, cartridges, and ampoules, is anticipated to enhance the market growth

pharmaceutical packaging market by product

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The parenteral packaging product segment accounted for 20.5% share in 2021 and is expected to reach USD 31,988 million by 2028. Parenteral packaging is used in the packaging of drugs or other fluids to keep their therapeutic value and effectiveness intact until use. Parenteral packaging protects drugs from contamination and patients from pathogens & harmful bacteria during medical procedures. This packaging is intended to protect pharmaceutical products from the external environment as contamination impacts the stability of the drug and can affect patients’ health.
 

Furthermore, technological advancements in parenteral packaging and manufacturing are anticipated to drive segment growth in the near future. Increasing demand for prefilled syringes & inhalers, ampoules, ready-to-use containers, and efficient filling & closing operations has lowered the risk of contamination of parenteral packaging products.
 

North America to set to witness significant growth over the forecast period

pharmaceutical packaging market by region

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North America is estimated to grow at a significant rate and is anticipated to grow at 5.8% CAGR over the forecast timeframe. The presence of several pharmaceutical manufacturers in the U.S. is the major factor driving market growth in the region. Technological advancements, manufacturing processes, innovations, and integration across companies have resulted in rapid industry growth. 
 

Growth in the North America pharmaceutical industry along with the presence of several packaging companies is driving the regional pharmaceutical packaging market. Moreover, the identification of several COVID patients in the region has enhanced the demand for various drugs & medications, thus positively influencing the pharmaceutical packaging market in the region in the last two years.
 

Mergers & acquisitions are one of the major strategic outlooks of the overall industry

Several small, medium & international players are operating in the global pharmaceutical packaging industry. Pharmaceutical packaging companies adopt various key growth strategies, such as investments & expansions, new product launches, joint ventures, partnerships & agreements, and mergers & acquisitions, to gain higher market share.
 

Companies including Amcor Plc, Becton, Dickinson and Company, AptarGroup, Inc., Berry Global, Inc., Drug Plastics Group, Bilcare Limited, Gerresheimer AG, and Schott AG are some of the leading players in the pharmaceutical packaging market. Other players operating in the global market include West Pharmaceutical Services, Inc., SGD Pharma, Vetter Pharma International, Constantia Flexibles, PGP Glass Private Ltd., Mondi Plc, and Klockner Pentaplast Group.
 

The pharmaceutical packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons revenue in USD million from 2022 to 2028 for the following segments:

By Material

  • Plastics & Polymers
    • Polyvinyl Chloride (PVC)
    • Polypropylene (PP)
    • PET
    • PE
    • PS
    • Others
  • Paper & paperboard
  • Glass
  • Metal
  • Others

By Product

  • Plastic bottles
  • Caps & closures
  • Parenteral containers
  • Blister packs
  • Pouches
  • Medication tubes
  • Prescription container
  • Pharmaceutical packaging accessories
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia
       
Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global pharmaceutical packaging market is slated to surpass USD 155.3 billion by 2028 and is predicted to record over 6.2% CAGR between 2022 and 2028.

Pharmaceutical packaging market size from plastics is expected to register 6.3% CAGR through 2028 as the material is extensively used in packing medical products because of its cost-effectiveness and ease of design.

The parenteral packaging product segment accounted for 20.5% of the global pharmaceutical packaging industry share in 2021 as this form of packaging protects drugs from contamination and patients from harmful microbes during medical procedures.

North America pharmaceutical packaging industry size will observe 5.8% CAGR through 2028 due to the growing presence of reputed pharma manufacturers in the U.S.

Becton, Dickinson and Company, AptarGroup, Inc., Amcor Plc, Berry Global, Inc., Schott AG, Bilcare Limited, and Drug Plastics Group, among others, are the leading players in this market.

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Premium Report Details

  • Published Date: Apr 2022
  • Companies covered: 16
  • Tables & Figures: 195
  • Countries covered: 19
  • Pages: 200

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