Global Pharmaceutical Packaging Market Report 2022-2028: Growing Demand for Eco-Friendly and Sustainable Pharmaceutical Packaging Products - ResearchAndMarkets.com

The "Global Pharmaceutical Packaging Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Material, Packaging Type, Product Type, Drug Delivery Mode, End-user, and Major Regions" report has been added to ResearchAndMarkets.com's offering.

Global Pharmaceutical Packaging Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028) and is expected to reach nearly US$ 180 billion by 2028, owing to several factors including the surging demand for pharmaceutical products to treat various diseases including chronic diseases, digestive disorders, and others, which ultimately boosting the demand for pharmaceutical packaging to protect medicines or drugs from chemical, physical damage, and microbial contamination.

Growing demand for eco-friendly and sustainable pharmaceutical packaging products and the rising prevalence of chronic diseases increasing the demand for pharma products drive market growth.

The increasing concern related to the harmful impact of packaging on the environment among consumers and manufacturers is surging the demand for eco-friendly and sustainable packaging in the pharmaceutical industry. The growing demand for sustainable packaging is likely to create immense opportunities for the growth of the pharmaceutical packaging market in the forthcoming years.

In April 2022, Amcor plc launched a new sustainable packaging named High Shield laminated, which provides a high barrier and performance to pharmaceutical products. The new product is a recycle-ready and low carbon packaging option that comprises stick pack, sachet, and strip pack packaging and is available in two options, paper-based, and polyolefin-based materials.

The rising prevalence of various diseases including cardiovascular diseases, digestive disorders, infectious diseases, and others increased the demand for pharmaceutical products and their packaging, which is expected to aid the growth of the global pharmaceutical packaging market.

According to World Health Organization (WHO), approximately 17.9 million people die each year due to cardiovascular diseases including rheumatic heart disease, coronary heart disease, cerebrovascular disease, and other conditions. Shortage of raw materials and counterfeit pharmaceutical products hindering the market growth

The availability of counterfeit pharmaceutical products along with the shortage of raw materials to manufacture pharmaceutical packaging products is the most significant barrier to the growth of the pharmaceutical packaging industry globally. The shortage of basic materials such as paper, plastic, glass, and other raw material has upended the manufacturing process including pharmaceutical packaging. Paper Mills failed to fulfill the demand for paper packaging products due to the shortage of wood pulp.

According to the USA Bureau of Labor Statistics, the cost of pulp and paper increased by over 25% between 2020 and 2021, making it more expensive to procure paper as a raw material for the packaging industry.

During the COVID-19 pandemic, the disrupted supply chain affected the production capacity and supply of pharmaceutical packaging material. In April 2020, the COVID-19 lockdown affected the pharma sector including pharmaceutical packaging due to the shortage of raw material, workforce, and restrictions on transport. To curb the situation, the governmental bodies imposed several regulations on industries, resulting in supply chain disruption.

Competitive Landscape

The pharmaceutical packaging market is highly competitive with ~300 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in pharmaceutical packaging.

Regional players control over 45% of the market share, while the global players hold the second largest share. Some of the major players in the market include Amcor plc, BD, AptarGroup, Inc., Gerresheimer AG, West Pharmaceutical Services, Inc., WestRock Company, CCL Industries, Berry Global, Inc., Nipro Europe Group Companies, and Mondi plc among others.

The leading global pharmaceutical packaging companies such as Amcor plc, West Pharmaceutical Services, Inc., and AptarGroup, Inc. are highly focused on research and development for creating innovative sustainable pharmaceutical packaging products or solutions.

Conclusion

The Global Pharmaceutical Packaging Market is forecasted to continue a moderate growth, primarily driven by the rising demand for pharmaceutical products coupled with an increase in the introduction of new medicines, biologics products, and other drugs to improve patient health and their quality of life.

In addition, the growing demand for reliable and innovative packaging for pharmaceutical products to prevent, preserve, and protect them from any chemical, physical, or microbial damage is anticipated to propel the growth of the market globally Though the market is highly competitive with over 300 participants, few regional players control the dominant market share and global players also hold a significant market share.

Key Topics Covered in the Report

• Snapshot of Global Pharmaceutical Packaging Market
• Industry Value Chain and Ecosystem Analysis of Pharmaceutical Packaging Market
• Market size and Segmentation of the Global Pharmaceutical Packaging Market
• Historic Growth of Overall Global Pharmaceutical Packaging Market and Segments
• Competition Scenario of the Pharmaceutical Packaging Market and Key Developments of Competitors
• Porter's 5 Forces Analysis of Global Pharmaceutical Packaging Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Pharmaceutical Packaging Market
• Future Market Forecast and Growth Rates of the Global Pharmaceutical Packaging Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of Pharmaceutical Packaging Market in Major Regions
• Major Production/Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Pharmaceutical Packaging Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

• Amcor plc
• Becton D
• AptarGroup, Inc
• Gerresheimer AG
• West Pharmaceutical Services, Inc
• WestRock Company
• CCL Industries
• Berry Global, Inc
• Nipro Europe Group Companies
• Mondi plc
• Bormioli Pharma
• Keystone Folding Box Co.
• Klockner Pentaplast Group
• Schott AG
• International Paper
• Origin Pharma Packaging
• Lonza Group AG
• Drug Plastics Group
• Vetter Pharma International

Scope of the Report

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

By Material

• Plastics & Polymers
• Paper & Paperboard
• Glass
• Aluminum Foil
• Others

By Packaging Type

• Tertiary Pharmaceutical Packaging
• Secondary Pharmaceutical Packaging
• Primary Pharmaceutical Packaging

By Product Type

• Bottles
• Caps & Closures
• Pre-Fillable Inhalers
• Pre-Fillable Syringes
• Vials & Ampoules
• Blister Packs
• Bags & Pouches
• Jars & Canisters
• Cartridges
• Others

By Drug Delivery Mode

• Oral Drugs
• Injectables
• Topical
• Ocular/Ophthalmic
• Nasal
• Pulmonary
• Transdermal
• IV Drugs
• Others

By End-User

• Pharma Manufacturing
• Contract Packaging
• Retail Pharmacy
• Institutional Pharmacy
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Australia
• LAMEA
• Latin America
• Middle East
• Africa

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