Pharmaceutical Packaging Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Pharmaceutical Packaging Market was valued at USD 116.6 Bn in 2021 and is expected to record a revenue of US$ 267.4 Bn by end of the year 2027. In terms of revenue, the global market size recorded substantial growth at a CAGR of 14.8% during the forecast period of 2022 – 2027. The market holds an opportunity of US$ 150.8 Bn during 2022-2027. 

The study of the global pharmaceutical packaging market provides the market growth over the forecast period, reflecting market recovery from the COVID – 19 impact and shift towards the lucrative trend. The research report provides a detailed analysis of the global pharmaceutical packaging market across 20 chapters, totaling 315 pages, with 72 data tables, and 213 figures.

Packaging is an essential part of the pharma industry. It is usually involved in dosing, dispensing, and the use of pharmaceutical products. Most medicines (~51%) have been taken orally by tablets or in the form of capsules, which are either packed in blister packs or plastic pharmaceutical bottles. Powders, pastilles, and liquids also make up part of the oral medicine intake. The pharmaceutical industry is growing at a positive rate in developing nations. This growth of the pharmaceutical industry is driving the pharmaceutical packaging market. Major growth is expected in developing countries such as Brazil, Russia, India, and China. In the year 2019, North America accounted for 48.7% of the world's pharmaceutical sales as compared to 22.9% of the sales by Europe.

Report Scope – Global Pharmaceutical Packaging Market

The market research study report provides a comprehensive analysis of the growth and opportunity related to the global pharmaceutical packaging industry. As the growing demand for primary packaging for pharmaceutical products and increasing awareness related to health, the report covers regional analysis of the pharmaceutical packing market, the regions tracked in the report include Asia Pacific, North America, Europe, Middle East & Africa, and South America.

The report provides a detailed analysis based on the following segments – By Packaging Type, By Product, By Application, By End Use, and By Prescription Type. As per the researchers, in the year 2020, the primary packaging segment held the highest market share of 72% and it is forecasted that the secondary segment holds the highest CAGR of 16.4% during the forecast period.

As per the geographical analysis of the global pharmaceutical packaging market, in 2020, the North America pharmaceutical packaging market holds the highest share across the globe of 41%. The key dominance of the regional market is attributed to a huge pharmaceutical production base and the ability to offer technological breakthroughs to pharmaceutical packaging. The Asia Pacific pharmaceutical packaging market is growing with the highest annual growth rate of 16.1% during the forecast period based on market determinants such as increasing technology breakthroughs in the healthcare sector in countries such as Singapore, China, Malaysia, Thailand, and others, as well as rise in urbanization and changing lifestyles in APAC region.

Report Summary 

The Global Pharmaceutical Packaging Market report provides insights on recent developments of the market and provides a 360 view of the market covering every segment and major sub-segments.

The research report provides a growth analysis of the global pharmaceutical packaging market considering several factors such as growing awareness of health issues and increasing growth in the pharmaceutical industry. Large population and demographic factors such as higher life expectancy and growing young population are some of the major growth factors which are highlighted in the global pharmaceutical packaging market report.

The report also provides a comprehensive product price analysis to determine the cost of packaging involved in the market, it shows the amount incurred in the packaging of the pharmaceutical products such as cost of labor, transportation, storage cost, many companies only consider the cost of purchasing packaging materials like boxes and tape. 

Impact of COVID- 19 on the Global Pharmaceutical Packaging Market

Covid-19 had a negative impact on the healthcare industry. Shortage of infrastructure, manpower in hospitals and disruptions in the supply chain, lack of preparedness, shortage of essential drugs, and other factors were responsible for proper functioning at the time of emergency resulting in a negative impact on the healthcare industry. China, which was and is a major import destination of medical equipment, healthcare supply chain requirements, and drug formulations was suffering under the pandemic which resulted in the loss of stability in both the healthcare and pharmaceutical sectors. The worldwide medical supply chain is still in a state of imbalance but is stabilizing as per the new normal.

The report provides a graphical presentation of Covid – 19 impacts on the global pharmaceutical packaging market which shows how pandemic affected the market and in late 2019 and in short term the market demand increased and how it will be stabilized during the forecast years.

Competitive Landscape

The Global Pharmaceutical Packaging Market report covers a detailed analysis of several companies.

The report covers detail of key players present in the global marketplace which includes – Business Overview, Company Financials, Key Officials, List of Products, Recent Developments, and Strategy Outlook. Key players profiled in the reports are Amcor, AptarGroup, Inc., Becton, Dickinson, and Company, Berry Global, Inc., Catalent (US), CCL Industries, Inc., Comar, LLC, Drug Plastics Group, Gerresheimer AG, International Paper, Owens Illinois, Inc., Schott AG, SGD Pharma, Vetter Pharma International, West Pharmaceutical Services, Inc., and WestRock Company. 

According to the research, the global pharmaceutical packaging market is observed to have monopolistic competition and is projected to shift towards an oligopoly nature in the forecast period. Companies like Amcor Ltd., West Pharmaceutical Service Inc., Gerresheimer AG, and Becton, Dickson & Company are holding around 12.60% of the market share.

Segmentation Overview

By Packaging Type

• Primary
• Secondary
• Tertiary

By Product

• Cardboard
  • Boxes
  • Cartons
  • Display Unit
• Paper
  • Label
  • Leaflet
  • Glass
• Ampoules
  • Bottles
  • Vials
  • Syringes
  • Cartridges
• Plastic
  • Closure
  • Bottles
  • Bags
  • Tubes
  • Injection Trays
  • Laminates with paper or foil
• Metal
  • Collapsible tubes
  • Rigid cans
  • Foils
  • Pressurized containers
• Rubber

By Application

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

By Prescription Type

• Prescription
  • Branded drugs
  • Generic drugs
• OTC
  • Branded drugs
  • Generic drugs

By End-Use

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

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America