Global Pharmaceutical Packaging Market Size to Reach USD 268.97 Billion in 2030 | Emergen Research

Rising use of drugs in the form of capsules and other forms of medication on a global scale is a key factor driving pharmaceutical packaging market revenue growth. 

Vancouver, Aug. 16, 2023 (GLOBE NEWSWIRE) -- The global pharmaceutical packaging market achieved a substantial milestone, reaching USD 119.24 Billion in 2021, and is poised to sustain a remarkable revenue compound annual growth rate (CAGR) of 10.3% throughout the forecast period, as revealed by the latest comprehensive analysis by Emergen Research. This robust trajectory is primarily propelled by two pivotal factors: the escalating recognition of the importance of verifying pharmaceutical product details within packaging and the rapid evolution of packaging technology. Additionally, the burgeoning utilization of drugs in diverse forms, including capsules and various medication formats, contributes significantly to the market's growth.

The increasing awareness surrounding the imperative of ensuring accurate pharmaceutical product information through packaging has assumed a pivotal role in driving revenue expansion. This imperative dovetails seamlessly with the swift advancements in packaging technology, which have revolutionized the landscape and enabled more effective and efficient ways of safeguarding and delivering pharmaceutical products.

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Moreover, the heightened utilization of pharmaceuticals stemming from the rising incidence of various diseases, including those precipitated by pandemics, has propelled the demand for pharmaceutical packaging. This trend is underpinned by a heightened focus on product verification, including production and expiry dates, as consumers become increasingly discerning and health-conscious.

Pharmaceutical packaging serves as a crucial guardian, offering protection to formulations that necessitate isolation from environmental contaminants, air, water, light, and other elements that could compromise their integrity. The market's robust growth is further substantiated by insights from the European Federation of Pharmaceutical Industries and Associations (EFPIA), indicating an upsurge of approximately 5.7% in pharmaceutical production between 2019 and 2020, with a valuation surpassing USD 368 million. Additionally, the 2021 report underscores substantial investments exceeding USD 46 million in the Research & Development (R&D) segment of European pharmaceutical industries during 2020.

However, the fragility inherent in several pharmaceutical packaging components introduces transportation challenges. The physical stress incurred during transportation can compromise the integrity of brittle substances like glass ampoules and stained-glass bottles, leading to breakage. This issue prompts stakeholders to navigate a careful balance between material selection and ensuring the packaging's protective attributes. While plastics offer heightened shear resistance compared to glass, they are relatively more susceptible to heat damage and potential leeching of chemicals and medicinal formulations.

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Scope of Research

Report DetailsOutcome
Market Size in 2021USD 119.24 Billion
CAGR (2022–2030)9.5%
Revenue Forecast to 2030USD 268.97 Billion
Base Year for Estimation2021
Historical Data2019–2020
Forecast Period2022–2030
Quantitative UnitsRevenue in USD Billion and CAGR in % from 2022 to 2030
Report CoverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments CoveredProduct, material, end-use, and region
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country ScopeU.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key PlayersAptarGroup, Inc., ACIC Pharmaceuticals Inc., BD, West Pharmaceutical Services, Inc., Comar, Gerresheimer AG, Schott, Nemera, Amcor plc, and Medical Packaging Inc., LLC.
Customization Scope10 hours of free customization and expert consultation

Major Companies and Competitive Landscape

The global pharmaceutical packaging market is moderately fragmented, with a number of large and medium-sized companies accounting for a majority of market revenue. Major companies are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing innovations in different pharmaceutical packaging products. Some major companies included in the global pharmaceutical packaging market report are:

  • AptarGroup, Inc.
  • ACIC Pharmaceuticals Inc.
  • BD
  • West Pharmaceutical Services, Inc.
  • Comar
  • Gerresheimer AG
  • Schott
  • Nemera
  • Amcor plc
  • Medical Packaging Inc., LLC.

Strategic Development

  • On 06 May 2022, Amcor plc. announced the manufacture and launch of PowerPost bottles, which is expected to decrease bottle weight by one-third and also reduce consumption of energy saving carbon by 30%. The product also enables use of up to 100% recycling material and prevents leaks and spillage from inside, thereby providing a better user experience. PowerPost bottles have been developed by PowerStrap vacuum-absorbing technology, which is patented by the company. Launch of this product, which is made using Polyethylene Terephthalate (PET), is expected to reduce carbon footprint and lower greenhouse gas emissions by 70% while recycling plastic and other materials.
  • On 08 February 2022, Comar LLC., which is a custom medical devices, assemblies, and specialty packaging solutions provider, announced acquisition of Automatic Plastics Ltd. The latter company, which was a contract injection-molded products manufacturer in the sector of pharmaceuticals operated in an ISO13485-certified production facility with 30 injection molding machines. This acquisition is expected to enhance the product portfolio of Comar LLC. and improve expertise of the company in manufacturing pharmaceutical packaging products, while also expand global footprint of the former company.

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Some Key Highlights From the Report

  • The blister pack strips segment is expected to account for a significantly larger revenue share during the forecast period. Over 50% of total medicines consumed by patients globally are manufactured in the form of tablets and capsules, which are packaged in blister packs or plastic bottles, whereas plastic bottles cause environmental issues owing to non-biodegradability. Blister pack strips incorporate a little quantity of plastic together with recyclable metals such as aluminum. This is driving demand for blister pack strip packaging for distribution of capsules and tablets.
  • The plastic segment is expected to account for a significantly large revenue share during the forecast period. Bottles made from different polymers and plastics are relatively more resistant to shear and stress than their counterparts made with glass. It is lightweight and flexible, therefore can be molded into any shape according to the requirement of pharmaceutical product. Medical-grade polymers are inert and resistant to chemical corrosion that can be imparted to packaging by medicinal composition.
  • The pharmaceutical industry segment accounted for a significant revenue share in 2021. Emergence of new technologies with cost-effective and efficient manufacturing processes in addition to rising high-value investments is a major factor driving revenue growth of the market. Growing number of drug approvals by regulatory bodies is also increasing demand for packaging materials by manufacturers for increasing production of such drugs.
  • The Asia Pacific pharmaceutical packaging market is projected to register a rapid revenue growth rate over the forecast period. Growing health awareness among consumers especially in emerging countries in addition to rising disposable income and increasing population is driving revenue growth of the market in region. In addition, increasing collaborations among pharmaceutical companies for development of new drugs and treatments is increasing demand for more effective packaging by manufacturers. Countries, such as India, are among the largest provider of generic drugs globally.

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Emergen Research has segmented the global pharmaceutical packaging market based on product, material, end-use, and region:

  • Product Outlook (Revenue, USD Billion; 2019-2030)
    • Blister Pack Strips
    • Fluid Bags
    • Bottles and Caps
    • Ampoules
    • Medication Tubes
    • Others
  • Material Outlook (Revenue, USD Billion; 2019-2030)
    • Plastic
      1. Polyvinyl Chloride
      2. Ethylene Vinyl Acetate
      3. Polypropylene
      4. Others
    • Glass
      1. Borosilicate Glass
      2. Amber Color Glass
      3. Others
    • Paper
    • Aluminum
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2019-2030)
    • Pharmaceutical Industry
    • Hospitals
    • Nursing Homes
    • Contract Packaging
    • Pharmacies and Retail Stores
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

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