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The Pharmaceutical Packaging Market size is estimated to grow by USD 54.84 billion, at a CAGR of 8.8% between 2023 and 2028. The industry is experiencing significant growth, driven by increased research and development (R&D) spending and a global sales market that continues to expand. This trend is particularly noticeable in the area of pharmaceutical packaging, where there is a growing demand for convenience and patient-centric solutions. Companies are investing heavily in R&D to develop innovative packaging technologies that improve medication adherence, ensure product safety, and enhance the overall patient experience. At the same time, the global sales of pharmaceuticals are projected to reach new heights, driven by an aging population, rising healthcare expenditures, and the increasing prevalence of chronic diseases. This presents both opportunities and challenges for pharmaceutical companies, as they strive to meet the evolving needs of patients and healthcare providers while maintaining regulatory compliance and maximizing profitability.
The market share growth by the rigid plastic segment will be significant during the forecast period. The market encompasses various types of packaging for chronic disease treatments and drug delivery devices. In emerging economies, the healthcare system is evolving to accommodate demographic trends, poverty, and financial constraints. Blister packaging is commonly used for tablets, capsules, and other solid dosage forms, while glass and plastic bottles are utilized for liquids and powders.
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The rigid plastic segment was valued at USD 28.73 billion in 2018. The rigid plastic segment in the market is witnessing a surge in demand for advanced solutions such as prefilled syringes, medication tubes, and prefilled inhalers. These innovative packaging formats are increasingly preferred for injectable drugs due to their convenience and reliability. The integration of emerging technologies like NFC tags, nano barcodes, serialization, cloud, and blockchain is enhancing the security and traceability of pharmaceutical products, thereby mitigating the risks associated with counterfeit drugs and fake packaging. Induction seals and other security features play a crucial role in maintaining product integrity throughout the supply chain.
Moreover, polyethylene polymers are commonly used in the production of rigid bottles for OTC drugs and pharmaceutical development, highlighting the dominance of plastics in this sector. The market is poised for significant growth, driven by the rising sales of OTC drugs in emerging economies like India, which is expected to reach USD6 billion by 2023. However, challenges such as drug waste, contamination risks, dosing errors, and injectable drug administration underscore the need for continuous innovation and improvement in pharmaceutical packaging solutions. Hence, these factors are expected to boost the demand during the forecast period.
Based on the product analysis, plastic bottles hold the largest market share. The market encompasses various types of packaging solutions, including standup pouches, flat pouches, sachets, blister packs, and dispensing mechanisms. These packages are made from sustainable materials, such as PCR material and compostable material, as well as tamper-evident and counterfeiting measures. Sustainable options include R-PET and BIO-PET. IoT devices and advanced technologies, like International Paper, syringes, bottles, vials, closures, cartridges, and folding cartons, are utilized in packaging for injectable drugs, prescription drugs, and non-prescription drugs. Key players in this market include Amcor and Phoenix Flexibles, catering to the increasing demand for biological medications, nanodrugs, and vials and ampoules. Patients and pharmacies rely on these packaging solutions to ensure safety, efficacy, and convenience.
APAC is estimated to contribute 35% 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.
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The market encompasses various types of packaging solutions, including Flat pouches, Sachets, Blister packs, and Dispensing mechanisms, designed to protect and preserve the efficacy of pharmaceutical products. Sustainable materials, such as PCR material and compostable material, are increasingly being adopted to reduce the environmental impact of packaging. Tamper-evident properties and counterfeiting measures are crucial considerations to ensure patient safety and product authenticity. Key players in this market include Amcor and Phoenix Flexibles, who offer a wide range of packaging solutions for Prescription drugs, Non-prescription drugs, Injectable drugs, and Biological medications. Innovations in technology have led to the integration of IoT devices into packaging, enabling real-time monitoring of temperature and humidity levels.
In addition, sustainable packaging solutions, such as R-PET and BIO-PET, are gaining popularity due to their eco-friendly nature. Syringes, Bottles, Vials, Closures, Cartridges, and Folding cartons are some of the other essential packaging components used in the pharmaceutical industry. Nano drugs and other advanced medications require specialized packaging solutions to maintain their stability and efficacy. Patients and Pharmacies rely on pharmaceutical packaging to ensure the safety, efficacy, and authenticity of their medications. The use of advanced technologies, such as tamper-evident features and counterfeiting measures, helps to mitigate the risks associated with counterfeit drugs. The market for pharmaceutical packaging is expected to grow significantly due to the increasing demand for innovative and sustainable packaging solutions.
The market is experiencing significant growth due to the increasing prevalence of chronic diseases in emerging economies. This growth is driven by the need for advanced Drug Delivery Devices, such as Blister Packaging, to ensure effective and safe administration of medications. The healthcare systems in these economies are evolving to accommodate Demographic Trends, including an aging population and rising incidences of non-communicable diseases. Financial Constraints and Poverty remain major challenges in the Pharmaceutical Sector, particularly in developing countries. Glass Bottles and Rigid Bottles have traditionally been used for packaging Tablets, Capsules, Liquid, and Powder. However, the shift towards cost-effective solutions, such as Non-prescription Drugs in Amcor's PET bottles, is gaining popularity. Drug Development in the Biopharmaceutical Drugs segment is also driving the demand for specialized solutions. The market for Generic Drugs is expected to grow rapidly due to their affordability and accessibility. Overall, the market is poised for robust growth, fueled by the evolving healthcare systems, demographic trends, and financial constraints in emerging economies.
An increase in R&D spending in the pharmaceutical industry is a key market driver. The market is experiencing significant growth due to the increased investment in R&D by pharmaceutical companies, which accounts for 15%-20% of their revenue. This trend is driven by the rising prevalence of chronic diseases and the development of drug-delivery devices. In emerging economies, healthcare systems face financial constraints and poverty, leading to a demand for affordable packaging solutions such as glass and plastic bottles, blister packaging, and prefilled syringes. Emerging technologies, including NFC tags, nano barcodes, serialization, cloud, and blockchain, are transforming the pharmaceutical sector by addressing counterfeit drugs and fake packaging.
Furthermore, induction seals and prefilled inhalers are also gaining popularity in the market. The market is further segmented into injectable drugs, plastics, OTC drugs, and various dosage forms such as tablets, capsules, liquids, and powders. Contamination risks, dosing errors, and drug waste are major concerns in the pharmaceutical industry, driving the need for advanced solutions. The market is expected to grow further with the development of biopharmaceutical drugs and generic drugs. As a result of the growing R&D spending, there is an expected rise in demand for innovative packaging that offers convenience and product differentiation.
Expansion of manufacturing facilities is an ongoing market trend. The market is experiencing significant growth due to the rising demand for various pharmaceutical products, particularly in the context of chronic diseases and drug delivery devices. This trend is driven by demographic shifts, emerging economies, and healthcare systems addressing the needs of populations with financial constraints. The vendors are expanding their manufacturing capabilities with investments in new factories, such as Schott AG's facility in China, and acquisitions, like Nipro Corp.'s acquisition of Piramida. Products in high demand include glass bottles, plastic bottles, prefilled syringes, medication tubes, prefilled inhalers, and various drug delivery devices. Emerging technologies, such as induction seals, NFC tags, and nano barcodes, are being employed to address counterfeit drugs and fake packaging, ensuring medication safety and traceability.
The pharmaceutical sector is focusing on developing innovative solutions to mitigate risks associated with drug administration, such as contamination, dosing errors, and injectable drugs. This includes the use of plastics, OTC drugs, and various forms of pharmaceutical products, such as tablets, capsules, liquids, and powders, in rigid bottles. The integration of cloud and blockchain technologies is also playing a crucial role in enhancing the efficiency and security of the pharmaceutical supply chain. Thus, the growing expansion of manufacturing facilities by the companies will drive the market to focus during the forecast period.
The risk of counterfeiting in pharmaceutical packaging is a major market challenge. The market faces a significant challenge from counterfeit products, driven by the global healthcare landscape's complexity and the rise of chronic diseases. The increasing demand for advanced drug delivery devices is met with risks posed by counterfeit drugs and fake packaging in complex supply chains. This challenge is particularly acute in emerging economies, where healthcare systems grapple with demographic trends, poverty, and financial constraints. Pharmaceutical packaging solutions, including blister packaging, glass bottles, plastic bottles, prefilled syringes, medication tubes, and prefilled inhalers, are integral to the sector. Emerging technologies like induction seals, NFC tags, and nano barcodes are being leveraged for serialization to ensure product authenticity and traceability.
Furthermore, the risks associated with counterfeit drugs, such as contamination, dosing errors, and issues with injectable drug administration, underscore the need for robust solutions. The pharmaceutical sector, encompassing OTC drugs, biopharmaceutical drugs, Tablet, Capsule, liquids, and powders, faces ongoing challenges in mitigating these risks. While rigid bottles and plastics are common materials, the industry is exploring innovative solutions such as cloud and blockchain technologies to enhance security and reduce drug waste. Hence, these factors may impact market growth in the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Winpak- The company offers pharmaceutical packaging solutions such as Injectapak.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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 market 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.
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market plays a crucial role in the healthcare industry by ensuring the safety, efficacy, and integrity of medicines and vaccines. This market encompasses various types of packaging materials and technologies, including Chrono Dispensers, Non prescription drugs, Delivery Systems, Blisters, Chroni+I1:J26c diseases, Plastics, Films, Prefills, and Syringes. Emerging trends in this market include the use of advanced technologies like NFC chips, RFID tags, and smart packaging to enhance product traceability and patient safety. Additionally, the market is driven by factors such as increasing demand for biologics and biosimilars, growing geriatric population, and stringent regulatory requirements. Companies like Pfizer, Novartis, and Merck & Co. dominate the market, leveraging their technological capabilities and global reach. The market is expected to grow significantly in the coming years due to these factors and the increasing focus on patient-centric solutions.
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Market Scope |
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Report Coverage |
Details |
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Page number |
188 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
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Market growth 2024-2028 |
USD 54.84 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.49 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 35% |
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Key countries |
US, UK, China, Canada, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor Plc, AptarGroup Inc., Ball Corp., Becton Dickinson and Co., Berry Global Inc., Catalent Inc., Constantia Flexibles Group GmbH, Datwyler Holding Inc., Gerresheimer AG, International Paper Co., Jabil Inc., James Alexander Corp., KP Holding GmbH and Co. KG, Nipro Corp., O I Glass Inc., SCHOTT AG, Vitro S.A.B. de C.V., West Pharmaceutical Services Inc., WestRock Co., and Winpak Ltd. |
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Market dynamics |
Parent market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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