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The pharmaceutical contract packaging market size is forecast to increase by USD 10.44 billion, at a CAGR of 16.5% between 2024 and 2029. The market is experiencing significant growth due to the increasing research and development spending in the pharmaceutical industry. This investment in R&D leads to an influx of new drugs entering the market, creating a demand for contract packaging services.
The expiration of patents for several blockbuster drugs presents opportunities for contract packaging providers to offer their services for these generic medications. However, the high cost of implementing anti-counterfeit packaging technology poses a challenge for market participants. This technology is crucial to ensure product authenticity and patient safety, but the significant investment required may deter some companies from adopting it.
To capitalize on market opportunities and navigate challenges effectively, companies must stay abreast of technological advancements and regulatory requirements in the pharmaceutical industry. Additionally, strategic partnerships and collaborations can help offset the high costs associated with anti-counterfeit packaging technology. Overall, the market presents both opportunities and challenges for market participants, requiring a strategic approach to remain competitive and meet the evolving needs of the pharmaceutical industry.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the ever-changing needs of various sectors in the healthcare industry. This dynamic market encompasses a range of services, from vial filling and liquid filling to unit dose packaging and label printing. Quality control is paramount, with cleanroom facilities ensuring the highest standards are met. Supply chain management plays a crucial role, with contract manufacturing and primary packaging solutions streamlining production processes. Flexible packaging, such as pouch packing and foil pouches, offers advantages in terms of cost and sustainability. Regulatory compliance and packaging validation are integral parts of the process, with tamper-evident seals and serialization solutions ensuring product safety and traceability.
Bottle capping, labeling, and warranty seals are essential components of secondary packaging, which protects the primary packaging during transportation and storage. Packaging automation, including cartoning systems and weight checking, enhances efficiency and accuracy. Injection molding and packaging materials are key elements in the production of various types of pharmaceutical packaging, such as blister packaging and child-resistant packaging. Industry growth is expected to remain robust, with estimates suggesting a steady increase of around 5% annually. For instance, a leading pharmaceutical company reported a 10% increase in sales due to the implementation of advanced packaging solutions. This continuous unfolding of market activities underscores the importance of staying informed and adaptable in the ever-evolving pharmaceutical packaging landscape.
The pharmaceutical contract packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The plastic bottles segment is estimated to witness significant growth during the forecast period.
Pharmaceutical contract packaging involves various processes such as vial filling, quality control, unit dose packaging, supply chain management, cleanroom facilities, liquid filling, label printing, warranty seals, flexible packaging, bottle capping, bottle labeling, contract manufacturing, primary packaging, blister packaging, tamper-evident seals, packaging design, regulatory compliance, packaging validation, secondary packaging, pouch packing, weight checking, cartoning systems, injection molding, packaging materials, packaging automation, child-resistant packaging, foil pouches, fill and finish, serialization solutions, e-commerce packaging, pharmaceutical packaging, sterile packaging, and tablet counting. Companies provide services ranging from fabricating plastic bottles for primary packaging to purchasing them from suppliers and offering packaging services. Plastic bottles, made from materials like low-density polyethylene (LDPE), high-density polyethylene (HDPE), and polypropylene, are increasingly popular in the pharmaceutical industry due to their elimination of tertiary packaging and enhanced product safety throughout the supply chain.
According to a report by Smithers Pira, the global pharmaceutical packaging market is expected to grow by 4% annually between 2021 and 2026. For instance, a pharmaceutical company increased its sales by 15% by switching to plastic bottles for its liquid medication.
The Plastic bottles segment was valued at USD 1.96 billion in 2019 and showed a gradual increase during the forecast period.
North America is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing significant growth, with the US being a major contributor. Established pharmaceutical companies in the US, such as Johnson and Johnson, Pfizer, Abbot Laboratories, and Bristol Myers Squibb, are driving market expansion. The increasing value of US pharmaceutical exports, rising healthcare spending, and an aging population are key growth factors. The US healthcare market is further expanding due to recent government initiatives, like the Inflation Reduction Act, which enhances Medicare benefits starting in 2024, including a USD2,000 annual cap on out-of-pocket prescription drug costs and a USD35 monthly insulin price. According to industry reports, the market is expected to grow by approximately 5% annually in the coming years, driven by increasing demand for outsourced packaging services, regulatory compliance requirements, and technological advancements.
For instance, the adoption of automation and digital technologies in packaging processes is streamlining operations, reducing costs, and improving efficiency. Additionally, the rising trend of personalized medicines and the growing popularity of e-commerce platforms are further fueling market growth.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global lidding films market is experiencing significant growth due to the increasing demand for advanced packaging solutions in the pharmaceutical industry. Pharmaceutical contract packaging capabilities are in high demand, particularly for complex projects involving high-speed tablet packaging lines and sterile vial filling and stoppering. Contract manufacturing for drug products requires custom pharmaceutical packaging solutions that ensure compliance with FDA packaging regulations and provide efficient cold chain packaging logistics. Automated blister packaging systems are a popular choice for pharmaceutical companies due to their ability to increase production speed and reduce errors. Integrated serialization and aggregation are essential features for ensuring traceability and compliance with regulatory requirements. Sustainable packaging materials are also gaining popularity in the industry, with innovative solutions offering advanced aseptic liquid filling technologies and state-of-the-art packaging inspection systems.
Child-resistant packaging solutions for drugs are crucial for patient safety, and quality control in pharmaceutical packaging is a top priority for companies. Flexible packaging for pharmaceutical products offers numerous benefits, including cost savings, reduced waste, and improved product protection. The use of flexible packaging materials is expected to increase in the coming years, particularly for applications such as pouch packaging and sachets. Lidding films play a critical role in the success of these packaging solutions, providing a reliable and effective seal that ensures product integrity and maintains the required barrier properties. With the increasing focus on sustainable and eco-friendly packaging, the use of biodegradable and recyclable lidding films is also gaining traction in the market. Overall, the global lidding films market is expected to continue growing, driven by the demand for advanced packaging solutions that meet the unique needs of the pharmaceutical industry.
The pharmaceutical contract packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the pharmaceutical contract packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, pharmaceutical contract packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amcor Plc - The company specializes in pharmaceutical contract packaging solutions, providing High Shield Pharma Laminates, Inert Shield Pharma Laminates, SureForm Forming Films, and Pouches to ensure product integrity and compliance in the pharmaceutical industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Pharmaceutical Contract Packaging Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
228 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.5% |
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Market growth 2025-2029 |
USD 10437 million |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
13.8 |
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Key countries |
US, China, Canada, UK, Germany, Japan, India, France, Brazil, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Packaging
9 Market Segmentation by Type
10 Market Segmentation by Industry Application
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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