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Pharmaceutical Packaging Market Trends

  • Report ID: GMI5256
  • Published Date: Nov 2023
  • Report Format: PDF

Pharmaceutical Packaging Market Trends

The market is witnessing an increasing adoption of nano-drug delivery systems, which make use of nanoparticles to deliver therapeutic agents precisely and with controlled release. These are novel yet quickly evolving technologies that have the potential to treat microbial, cardiovascular & inflammatory disorders, cancer, and diabetes. When it comes to treating chronic conditions such as cardiovascular diseases, nanotechnology has tremendous potential in terms of targeted and site-specific drug delivery. A unique kind of packaging called Child-Resistant Packaging (CRP) is used to minimize the risk of kids handling and consuming potentially harmful products. Moreover, the increasing use of CRP packaging for targeted drug delivery is driving the industry expansion.
 

Rising product innovations, sophisticated manufacturing techniques for creating sustainable packaging solutions, the emergence of generic drugs, and serialized tracking & tracing of drugs are some of the major factors contributing to the growing pharmaceutical packaging demand.

Authors: Kiran Pulidindi, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for pharmaceutical packaging was valued at over USD 110 billion in 2022 and is anticipated to observe over 13% CAGR between 2023 and 2032.

The paper & paperboard segment is anticipated to register over 14% CAGR from 2023 to 2032 as they are sustainable options for pharmaceutical packaging which are recyclable & biodegradable.

North America pharmaceutical packaging market share was over 30% in 2022 and will grow significantly through 2032 owing to the region's substantial investments in drug development, high per capita income, and comprehensive healthcare system.

Amcor plc, Berry Global, Inc., Catalent, Inc., Drug Plastics Group, Gerresheimer AG, and Schott AG.

Pharmaceutical Packaging Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 282
  • Countries covered: 19
  • Pages: 250
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