Ottawa, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The global pharmaceutical packaging market is expected to register an impressive CAGR of 10.7% between 2023 and 2032. The market projected the valuation at USD 1,29,180 million in 2023, According to Precedence Research.
The pharmaceutical packaging market is a critical sector within the broader healthcare industry, playing a pivotal role in ensuring pharmaceutical products' safety, integrity, and efficiency. With a constant focus on quality, compliance, and patient safety, pharmaceutical packaging companies are integral to the overall success of the pharmaceutical supply chain. The market for pharmaceutical packaging has witnessed significant growth in recent years, driven by various factors. One key driver is the increasing demand for innovative packaging solutions that protect pharmaceutical products from environmental factors, contamination, and tampering. In an era where patient safety and regulatory compliance are paramount, pharmaceutical companies seek packaging options that maintain product quality and extend shelf life. The rise in chronic diseases, the aging population, and the growing demand for personalized medicine have further fuelled the need for specialized packaging solutions. Pharmaceutical packaging companies are responding to these trends by developing designs that enhance patient adherence, facilitate accurate dosage administration, and improve patient experiences.
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Furthermore, stringent regulatory requirements have significantly influenced the pharmaceutical packaging landscape. Regulatory bodies across the globe, such as the Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in Europe, have implemented rigorous guidelines and standards for pharmaceutical packaging. These regulations ensure product safety, traceability, and compliance throughout the supply chain. Various packaging formats and materials are being utilized in the pharmaceutical packaging market. These include blister packs, vials, prefilled syringes, bottles, ampoules, pouches, and different closures. The choice of packaging format depends on factors such as the specific drug formulation, dosage requirements, and end-user convenience. Furthermore, advancements in materials science have led to the development of innovative packaging materials, including eco-friendly and sustainable options, to address environmental concerns.
The market is highly competitive, with numerous key players vying for market share. Major pharmaceutical packaging companies employ advanced technologies, such as automation and robotics, to streamline operations, improve efficiency, and ensure consistent quality. They also invest heavily in research and development to stay at the forefront of innovation and meet evolving customer demands. Collaborations and partnerships between pharmaceutical packaging companies and pharmaceutical manufacturers are also becoming more prevalent. This strategic approach fosters seamless integration between packaging and production processes, optimizing supply chain efficiency and reducing time to market for new drugs.
As the industry progresses, several emerging trends are expected to shape the pharmaceutical packaging market. These include adopting smart packaging solutions, incorporating temperature monitoring, tamper-evidence, and digital tracking. Additionally, the market is witnessing a growing demand for sterile packaging to meet the needs of injectable and biologic drugs.
In conclusion, the pharmaceutical packaging market is a dynamic and critical sector within the healthcare industry. The increasing focus on patient safety, regulatory compliance, and product integrity drives the demand for innovative packaging solutions. With advancements in materials science and technology, pharmaceutical packaging companies continue to play a vital role in ensuring the efficacy, safety, and accessibility of pharmaceutical products. Collaborations, sustainable practices, and the adoption of smart packaging technologies are expected to shape the future of the pharmaceutical packaging market.
Pharmaceutical Packaging Market: North America Leading with Highest Value Share
North America, particularly the United States, dominates the pharmaceutical packaging market in this region. Stringent regulations, advanced healthcare infrastructure, and a strong focus on patient safety and compliance drive the market. Key market drivers include the demand for tamper-evident and child-resistant packaging and the growing emphasis on sustainable packaging solutions. The market is highly competitive, with significant players catering to the diverse needs of the pharmaceutical industry.
The United States holds a commanding position in the North American pharmaceutical packaging market. Renowned for its well-established pharmaceutical industry, the country provides a conducive environment for major pharmaceutical companies and packaging manufacturers to thrive. The market is driven by stringent regulations enforced by the Food and Drug Administration (FDA), which demand adherence to rigorous packaging standards ensuring pharmaceutical products' safety, quality, and efficacy.
The North American pharmaceutical packaging market experiences strong demand fuelled by several factors. Tamper-evident packaging solutions are sought to safeguard against product tampering, guaranteeing patient safety and brand reputation. Child-resistant packaging is in high demand, addressing the need to protect young children from accidental ingestion. Adherence packaging solutions play a vital role in improving patient medication compliance and treatment outcomes. Furthermore, the market is witnessing a growing emphasis on sustainable packaging options, with a rising preference for recyclable and biodegradable materials.
North America is a frontrunner in adopting advanced packaging technologies within the pharmaceutical sector. Innovations such as smart packaging, incorporating features like temperature monitoring, RFID tracking, and interactive labels, enhance product integrity and foster greater patient engagement. Blister packaging, vials, prefilled syringes, and other specialized packaging formats are widely embraced to cater to specific drug administration needs and enhance user experience.
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The North American pharmaceutical packaging market is characterized by intense competition among numerous key players. Leading packaging manufacturers, contract packaging providers, and packaging materials and equipment suppliers vie for market share. Moreover, the region is expected to experience significant growth due to the presence of many prominent healthcare product manufacturers. Companies such as Johnson & Johnson, Pfizer Inc., Bristol-Myers Squibb Company, Merck & Co., Inc., and AbbVie Inc. are expected to play a prominent role in driving the growth of the pharmaceutical packaging industry in the region. These leading manufacturers bring their expertise, resources, and market influence, which further contribute to the overall expansion and development of the industry.
The pharmaceutical industry in India holds a significant value of $50 billion. India plays a crucial role as a major exporter of pharmaceutical products, serving over 200 countries worldwide. Indian pharmaceutical exports contribute to more than 50% of Africa's demand for generic medicines, approximately 40% of generic demand in the United States, and about 25% of the total medicine supply in the United Kingdom.
Moreover, India is a leading global supplier, accounting for approximately 60% of the worldwide vaccine demand. The country is renowned for its supply of essential vaccines such as DPT (Diphtheria, Pertussis, and Tetanus), BCG (Bacillus Calmette-Guérin), and Measles vaccines. Notably, around 70% of the vaccines sourced by the World Health Organization (WHO) based on the essential Immunization schedule are procured from India. This highlights India's significant contribution to the global vaccine market and its commitment to public health initiatives.
Environmental Considerations in Pharmaceutical Packaging Solutions
Approximately 85% of the waste generated by healthcare operations, encompassing pharmaceutical and medical equipment packaging, is categorized as non-hazardous waste. This presents an opportunity to replace such waste with eco-friendly and reusable alternatives, leading to substantial cost savings. Many pharmaceutical companies are transitioning to sustainable packaging solutions that utilize recyclable materials and biodegradable plastics. The demand for sustainable pharmaceutical packaging is projected to experience significant growth in the coming years.
Polyethylene terephthalate (PET) is a widely used and recyclable plastic material that offers versatility in manufacturing pharmaceutical packaging. It boasts excellent barrier properties against carbon dioxide (CO2), oxygen, and moisture, ensuring the preservation of liquids and solids in their freshest state possible.
- Instance: On May 23, 2023, Amcor, Delterra, Mars, and P&G are pleased to announce the establishment of a transformative strategic partnership aimed at mitigating the escalating issue of plastic pollution in emerging markets. As esteemed industry pioneers, our collaborative efforts will focus on implementing comprehensive measures across the entire plastics value chain to foster a circular economy. This landmark initiative involves a collective investment of $6 million USD over a span of five years, with the intention of significantly scaling up sustainable solutions both upstream and downstream. Together, we aim to make a lasting positive impact on the global fight against plastic pollution in the Global South.
The European market is anticipated to spearhead the expansion of the biodegradable pharmaceutical packaging sector. Key European market players include Gerresheimer, Berry Global, International Paper, and Amcor. These companies actively develop and offer sustainable packaging solutions to meet the increasing demand for environmentally friendly alternatives. Adopting biodegradable pharmaceutical packaging aligns with the broader global focus on sustainability and reducing environmental impact. By transitioning from traditional packaging materials to biodegradable options, pharmaceutical companies can contribute to waste reduction, resource conservation, and the overall drive towards a circular economy.
Furthermore, sustainable packaging addresses environmental concerns and serves as a positive brand differentiator. Consumers and stakeholders increasingly value companies that prioritize sustainability and are committed to reducing their carbon footprint. Embracing biodegradable packaging can enhance brand reputation and attract environmentally conscious customers. The healthcare industry, including pharmaceutical and medical equipment packaging, generates significant non-hazardous waste. However, this waste presents an opportunity for cost savings and environmental stewardship by adopting eco-friendly and reusable alternatives. The shift towards sustainable pharmaceutical packaging, utilizing recyclable materials and biodegradable plastics such as PET, is gaining traction. Europe is expected to lead the growth in the biodegradable pharmaceutical packaging market, with key players such as Gerresheimer, Berry Global, International Paper, and Amcor driving innovation in this sector. By embracing biodegradable packaging solutions, pharmaceutical companies can contribute to waste reduction, meet sustainability goals, and position themselves as responsible environmental stewards in the eyes of consumers and stakeholders.
Advancements in Packaging Technology for the Pharmaceutical Industry
The pharmaceutical packaging industry is continuously evolving and has grown at a minimum annual rate of five percent in recent years. The market is estimated to be valued at over $20 billion per year. Like other packaged goods, pharmaceutical products require dependable and efficient packaging solutions that offer a combination of product protection, patient comfort, tampered evidence, quality, and security. Innovations in pharmaceuticals, such as prefilled syringes, blow-fill-seal vials, and powder applications, directly impact the packaging industry.
According to U.S. Bureau of labor statistical Industries with the highest levels of employment in Pharmacists:
| Industry | Employment | Percent of Industry Employment | Hourly Mean Wage | Annual Mean Wage | ||
| Health and Personal Care Retailers | 139,030 | 12.69 | $ | 59.04 | $ | 122,790 |
| General Medical and Surgical Hospitals | 82,970 | 1.48 | $ | 66.67 | $ | 138,670 |
| Food and Beverage Retailers (4451 and 4452 only) | 23,600 | 0.79 | $ | 57.37 | $ | 119,340 |
| General Merchandise Retailers | 19,950 | 0.62 | $ | 65.10 | $ | 135,420 |
| Outpatient Care Centers | 7,570 | 0.74 | $ | 74.89 | $ | 155,770 |
Traditionally, most medicines (51%) are orally taken in tablets or capsules, commonly packaged in blister packs in Europe and Asia or plastic pharmaceutical bottles, especially in the USA. Powders, pastilles, and liquids also contribute to oral medicine consumption. However, alternative methods of medication administration are gaining popularity, including parenteral or intravenous (29%), inhalation (17%), and transdermal (3%) methods. Oral tablets now come in a wide range of shapes and sizes. These changes have significantly influenced the packaging industry, demanding tailored and individual packaging solutions that ensure the effectiveness of medicines. Packaging plays a crucial role in maintaining the efficacy of remedies by protecting them from environmental factors such as light and humidity.
Packaging for oral medicines typically meets requirements for easy dispensing, senior-friendliness, and child resistance. The packs must also be identifiable, functional, and often hermetically sealed. However, certain innovations may excel in one area while not fully adhering to expected standards in another. For example, blister packs offer convenience and hygiene, ideal for fast-paced lifestyles and on-the-go medication intake. Consequently, their usage has significantly increased. Developed countries in Western Europe, the US, and Japan are expected to account for over 70 percent of the market, with China offering faster growth opportunities. India and Brazil are also evolving into fast-growing markets.
This study examines the $47.2 billion global drug packaging industry. It provides historical demand data for the years 2000, 2005, and 2010, along with forecasts for 2015 and 2020, based on raw materials (such as plastic resins, paper and paperboard, glass, and aluminium foil), product groups (including primary containers, closures, labels, secondary containers, prescription containers, and accessories), world regions, and 14 specific countries. The strong growth in emerging markets like India and China has contributed to increased revenue optimism. India's packaging sector is experiencing significant growth, driven by high demand from food and beverage and pharmaceutical packaging industries. The global market recovery will also support growth expectations by increasing the demand for packaging machinery.
Browse More Insights:
- The global pharmaceutical temperature-controlled packaging solutions market was valued at USD 578.9 million in 2022 and is predicted to reach around USD 945.2 million by 2030, growing at a 6.30% of CAGR from 2022 to 2030.
- The global eco-friendly packaging market is estimated to grow from USD 207.86 billion in 2022 at 7.6% CAGR (2023-2032) to reach an estimated USD 430.38 billion by 2032.
- The global active packaging market size is estimated to grow from USD 19.2 billion in 2022 at 7.5% CAGR (2023-2032) to reach an estimated USD 39.51 billion by 2032.
- The global intelligent packaging market size accounted for USD 24.23 billion in the year 2023 and it is predicted to hit around USD 54.38 billion by 2032, registering at a CAGR of 9.4% from 2023 to 2032.
- The global artificial intelligence in the packaging market size is estimated to grow from USD 2021.3 million in 2022 at 10.28% CAGR (2023-2032) to reach an estimated USD 5375.28 million by 2032.
Supply Chain Resilience: Ensuring Smooth Production in the Pharmaceutical Packaging Market
International Paper Company offers packaging solutions for various end-user industries, including the pharmaceutical industry. The company published its annual report for 2022, according to which the company’s net sales reached up to $21.2 billion in 2022
Syntegon is a company that offers packaging solutions for the pharmaceutical industry. According to the company’s statement, the order income increased by 3.0% in 2022.
The company invested 49 million Euros in research and development activities.
While expanding its business for packaging solutions, Syntegon installed 67,000 machines worldwide in 2022.
In 2022, the company generated approximately 33% from North America and 35% from Asia.
Recovery and Resurgence: Assessing the COVID-19 Impact on the Pharmaceutical Packaging Market
The Covid-19 pandemic had far-reaching ramifications for the healthcare industry, with a significant negative impact on various aspects of its functioning. The outbreak revealed several weaknesses within the sector, including shortages in infrastructure and workforce and disruptions in the global supply chain. These factors, coupled with a lack of preparedness, scarcity of essential drugs, and other challenges, contributed to the industry's overall performance decline. The existing practices and systems needed to be equipped to handle the magnitude of the disruptions in the supply chain, infrastructure, workforce, and other crucial areas. As a major importer of medical equipment, healthcare products, and pharmaceuticals, China experienced considerable effects from the pandemic. The worldwide medical supply chain, which heavily relied on China, faced imbalances and disruptions. However, the industry is gradually stabilizing as it adjusts to the new normal and finds alternative solutions to mitigate these challenges. Pharmaceutical companies worldwide are actively reassessing and upgrading their operational capabilities to adapt to the current situation and ensure resilience in future crises. During the pandemic, packaging activities emerged as essential operations within the healthcare sector. Pharmaceutical packaging companies swiftly responded to the increasing demand for critical supplies such as blister packs, prefilled syringes, vials, containers, bottles, and cartridges. The urgent need for Covid-19-related vaccines and drugs primarily drove the surge in demand. To meet these requirements, pharmaceutical packaging companies significantly ramped their production capacities.
The pharmaceutical packaging market is expected to experience long-term growth due to various factors. Apart from the demand generated by the ongoing pandemic, other vital drivers will contribute to the market's expansion. These include the need for specialized packaging solutions for biological substances, the adoption of smart packaging technologies, advancements in sterile packaging techniques, a focus on patient-centric packaging approaches, initiatives for cleanroom expansion, and other related developments. The growing significance of pharmaceutical packaging extends beyond immediate crisis response. It plays a vital role in ensuring medical products' safety, integrity, and efficacy, facilitating efficient distribution and storage, and enhancing patient experiences. As healthcare systems evolve and become more complex, pharmaceutical packaging solutions will continue to grow in parallel, adapting to emerging requirements and regulatory standards.
Moreover, the pandemic has highlighted the need for resilient and adaptable supply chains within the healthcare industry. Businesses across the pharmaceutical packaging sector are re-evaluating strategies to mitigate future disruptions and build more robust supply networks. This includes diversifying sourcing options, implementing risk management protocols, establishing contingency plans, and fostering collaborations to enhance the industry's overall resilience. In conclusion, the Covid-19 pandemic has profoundly impacted the healthcare industry, including the pharmaceutical packaging sector. It exposed vulnerabilities and highlighted the importance of preparedness, adaptability, and robust supply chains. As the industry stabilizes and moves forward, pharmaceutical companies and packaging providers must continue to innovate and invest in sustainable solutions to meet the evolving needs of the healthcare ecosystem. By doing so, they can contribute to the long-term growth and resilience of the industry while safeguarding public health and well-being.
Analyzing the Competitive Landscape of the Pharmaceutical Packaging Market
The global pharmaceutical packaging market is highly fragmented, characterized by numerous leading players operating at both local and regional levels. This fragmentation is attributed to the diverse packaging requirements and preferences across different geographical regions. Key market players in the pharmaceutical packaging industry employ various inorganic growth strategies to gain a competitive advantage in the global market. These strategies include mergers, acquisitions, partnerships, and collaborations, allowing companies to expand their market presence, enhance their product portfolio, and access new customer segments. Furthermore, significant investments are made by these key players in the research and development (R&D) sector to drive product development and enhancement. By investing in R&D activities, pharmaceutical packaging companies can innovate and introduce advanced packaging solutions that meet the evolving needs of the industry. This continuous focus on R&D helps them stay at the forefront of technological advancements, regulatory compliance, and market trends, ensuring their competitiveness in the global pharmaceutical packaging market.
Major key players in the pharmaceutical packaging market are: Becton Dickinson and Company, Amcor Plc, AptarGroup, Inc., Gerresheimer AG, Drug Plastics Group, Schott AG, West Pharmaceutical Services Inc., Owens Illinois Inc., Berry Global, Inc, SGD S.A., WestRock Company
- Instance, 14 MARCH 2023 SCHOTT commences manufacturing amber pharmaceutical glass in India in response to the escalating market demand.
Segments Covered in the Report:
By Product
- Tertiary
- Secondary
- Pharmaceutical Packaging Accessories
- Prescription Containers
- Primary
- Caps & Closures
- Plastic Bottles
- Parenteral Containers
- Prefillable Inhalers
- Blister Packs
- Medication Tubes
- Pouches
- Others
By Material
- Paper & Paperboard
- Plastics & Polymers
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Others
- Glass
- Aluminum Foil
- Others
By Application
- Retail Pharmacy
- Pharmaceutical Manufacturing
- Institutional Pharmacy
- Contract Packaging
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
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Towards Packaging is a sister firm of Precedence Research, also a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.
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