Global Pharmaceutical Packaging Market – Industry Analysis and Forecast (2020-2027)

Global Pharmaceutical Packaging Market was valued at US$ XX Bn in 2019, and is estimated to reach US$ XX Bn by 2027 growing at a CAGR of 7.83 % during forecast.

Growing pharmaceutical industry in emerging economies, growing demand for drug delivery drives the pharmaceutical packaging market. Technological advancements further accelerates the market. Increasing overall packaging costs owing to dynamic regulatory measures and stringent regulations set by various governing bodies restrains the market growth. Global demand for primary pharmaceutical packaging and rapidly increasing 3pl and other services in emerging markets poses an opportunity to pharmaceutical packaging market. Nano enabled pharmaceutical packaging poses new opportunities for the growth of pharmaceutical packaging market. Gaining competitiveness in new geographies, safeguarding against counterfeit products and issues in serving the emerging markets are challenges faced by pharmaceutical packaging market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Demand for prefillable syringes is projected to grow at CAGR of 9.0%. Prefillable syringe packaging held major share owing to advances in biotechnology, nanotechnology, and other advanced drug delivery technologies will increase the range of pharmaceuticals adoption to prefillable syringe packaging. Expanding applications in the administration of critical care, emergency, and self-injectable parenteral medication will identify gains. Blister packaging to foreseen to be a second largest segment in pharmaceutical packaging market.

Plastics & polymers are the foremost material as they are easy to handle and lightweight in nature. Plastics & polymers are majorly used for bags, bottles, cartridges, dry powder, metered dose inhalers, nebulizers and pre fillable syringes. Handling difficulties and high prices of glass manufacturing have caused in manufacturers shift at other alternatives. Paper & paperboard pharmaceutical packaging has upsurge by the introduction of eco-friendly paper products. Rising popularity of degradable paper is expected to play a major role in driving demand for paper material over the forecast period.

North America held the major share of over 40% in the market in 2017. Number of new product launches with specialized packaging needs is growing rapidly. Presence of major pharmaceutical companies such as Pfizer and Novartis is driving market growth in this region. European market is expected to grow at a moderate pace on account of slowdown owing to regulatory pressure concerning packaging of medicines and rising demand for anti-counterfeit packaging. China, India, and Japan is driving the demand for products in Asia Pacific on account of presence of diverse drug industries. The region is benefitting from the presence of a large number of conglomerates manufacturing varied medicines. Growing generics manufacturing coupled with a rise in contract packaging are projected to boost market growth over the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding pharmaceutical packaging market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, Purity portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in pharmaceutical packaging market.

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Scope of the Global Pharmaceutical Packaging Market

Global Pharmaceutical Packaging Market, By Packaging Material:

• Plastic

o PVC

o Polyethylene (HDPE)

o Polyester

o Polypropylene

o Polyethylene terephthalate (PET)

o Others

• Glass

• Paper

• Others

Global Pharmaceutical Packaging Market by Type:

• Ampules

• Syringes

• Blister Packs

• Bottles (Rigid)

• Canisters

• Cartridges

• IV Bags

• Mini-jars

• Pouches

• Caps & Closures

• Tubes

• Vials

• Sachets

• Medical Specialty bags

• Others

Global Pharmaceutical Packaging Market, by Region:

• North America

• South America

• Asia Pacific

• Europe

• Middle East & Africa

Key Players analyzed in the Report:

• Aptar Group Inc

• Westrock and Catalent Pharma Solutions Inc

• Anchor Packaging

• Ball Corporation

• 3M

• Sealed Air Corporation

• Baxter International Inc.

• Centor and Lilly (Eli) Company

• Unilife Corporation

• Exporta Global

• Plastube Inc.

• Gerresheimer

• Berry Plastics Corporation,

• Becton Dickinson and Company

• MeadWestvaco Corporation

• West Pharmaceuticals Services Inc

• Owens-Illinois

• RPC Group

• Schott Pharmaceuticals Services Inc.

• Graphic Packaging Group.

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[Dhruv Bindhani]

This report abstract provides a concise yet comprehensive overview of the Global Pharmaceutical Packaging Market, highlighting its growth projections, key drivers, restraints, opportunities, and challenges. It also touches upon the impact of the COVID-19 pandemic and provides a geographical analysis.

Market Valuation and Forecast:The report indicates that the Global Pharmaceutical Packaging Market was valued at US$ XX Bn in 2019 and is estimated to reach US$ XX Bn by 2027, growing at a CAGR of 7.83% during the forecast period.

For context, other market reports indicate the global pharmaceutical packaging market was valued around USD 88.88 billion in 2019 and projected to reach approximately USD 144.23 billion by 2027, with CAGRs in the range of 6.1% to 9.7% for similar forecast periods. The specific "XX Bn" figures and CAGR provided in this abstract would be detailed within the full report.

Impact of COVID-19:The abstract explicitly states that the report "has analyzed revenue impact of COVID-19 lock-down on the sales revenue of market leaders, market followers and disrupters." It acknowledges that the impact varied across regions and segments due to differing lockdown implementations. This analysis is intended to help decision-makers formulate short-term and long-term strategies. The pandemic likely influenced demand for certain packaging types (e.g., vials for vaccines), disrupted supply chains, and accelerated trends in digital solutions and supply chain resilience.

Market Drivers:

• Growing Pharmaceutical Industry in Emerging Economies: The expansion of pharmaceutical manufacturing and consumption in developing countries is a significant driver.
• Growing Demand for Drug Delivery: The increasing complexity and diversity of drug delivery methods (e.g., biologics, specialty drugs) necessitates specialized and advanced packaging.
• Technological Advancements: Innovations in packaging materials, designs, and smart packaging solutions are accelerating market growth.

Market Restraints:

• Increasing Overall Packaging Costs: Dynamic regulatory measures and stringent regulations set by various governing bodies often lead to higher compliance costs for packaging.
• Stringent Regulations: Adherence to evolving and strict regulations across different countries can be complex and costly for manufacturers.

Market Opportunities:

• Global Demand for Primary Pharmaceutical Packaging: Continuous demand for direct contact packaging for various drug forms.
• Rapidly Increasing 3PL (Third-Party Logistics) and Other Services in Emerging Markets: The growth of logistics and distribution networks in emerging economies creates opportunities for packaging providers.
• Nano-enabled Pharmaceutical Packaging: This is highlighted as a new and significant opportunity. Nano-enabled packaging can offer enhanced barrier properties, antimicrobial protection, extended shelf life, improved drug stability, smart features (sensors for real-time monitoring), and anti-counterfeit capabilities.

Market Challenges:

• Gaining Competitiveness in New Geographies: Entering and succeeding in diverse new markets can be challenging.
• Safeguarding Against Counterfeit Products: The constant threat of counterfeit drugs requires robust anti-counterfeiting packaging solutions, which adds complexity and cost.
• Issues in Serving the Emerging Markets: These markets may have unique logistical, regulatory, and economic challenges.

Segmentation Insights:

• By Type:
  
  • Prefillable Syringes: Projected to grow at a CAGR of 9.0%, holding a major share. This growth is attributed to advancements in biotechnology, nanotechnology, and other drug delivery technologies, as well as expanding applications in critical care, emergency, and self-injectable parenteral medication.
  • Blister Packaging: Foreseen to be the second-largest segment, likely due to its cost-effectiveness, tamper-evidence, and patient compliance benefits.
• By Packaging Material:
  
  • Plastics & Polymers: Foremost material due to ease of handling, lightweight nature, and widespread use in various forms like bags, bottles, cartridges, inhalers, nebulizers, and prefillable syringes.
  • Paper & Paperboard: Upsurge driven by the introduction of eco-friendly products and the rising popularity of degradable paper, suggesting a shift towards more sustainable options.
  • Glass: Handling difficulties and high manufacturing prices have led manufacturers to consider alternatives, though glass remains crucial for certain sensitive drug formulations.

Regional Analysis:

• North America: Held the major share (over 40%) in 2017. This dominance is attributed to a high number of new product launches with specialized packaging needs and the presence of major pharmaceutical companies like Pfizer and Novartis.
• Europe: Expected to grow at a moderate pace due to regulatory pressure concerning medicine packaging and rising demand for anti-counterfeit packaging.
• Asia Pacific (APAC): Demand is driven by China, India, and Japan, fueled by diverse drug industries, a large number of conglomerates manufacturing various medicines, growing generics manufacturing, and a rise in contract packaging. The growth of generics and contract packaging in APAC is particularly strong, driven by cost advantages, rising R&D investments, and increased demand for affordable healthcare solutions.

Report Objectives and Scope:The report aims to provide a comprehensive assessment with thoughtful insights, historical data, and projections. It seeks to help readers understand market dynamics, structure, and segments, and project market size. It will also include a competitive analysis of key players (product, price, financial position, purity portfolio, growth strategies, regional presence) and various analytical tools like PEST, PORTER's, and SWOT analysis.

In summary, the Global Pharmaceutical Packaging Market is undergoing significant growth, propelled by the expanding pharmaceutical industry, advancements in drug delivery, and technological innovations. While regulatory complexities and cost pressures pose challenges, opportunities in nano-enabled packaging and the flourishing generics and contract manufacturing sectors in Asia Pacific are expected to drive the market forward.