The pharmaceutical
packaging market is estimated to be worth US$ 108.9 billion in
2024 and is projected to be valued at US$ 214.7 billion in
2034. Between 2024 and 2034, the industry is expected to expand at a CAGR
of 6.4%. The continuous rise in global healthcare expenditure, coupled with
the growing demand for pharmaceuticals driven by aging populations and the
prevalence of chronic diseases, is a primary driver. As healthcare needs
escalate, pharmaceutical production increases, necessitating advanced packaging
solutions.
Stringent regulatory requirements imposed by health
authorities worldwide play a pivotal role in the pharmaceutical packaging
market. Regulations ensure product safety, traceability, and adherence to
quality standards, compelling pharmaceutical companies to invest in compliant
packaging solutions. Ongoing advancements in packaging technologies contribute
to market growth. Innovations such as smart packaging, track-and-trace systems,
and tamper-evident features enhance product security, improve patient safety,
and address counterfeiting concerns.
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The increasing production of generic drugs, prompted by
patent expirations of branded medications, fuels the demand for pharmaceutical
packaging. The anticipated surge in global pharmaceutical production and
consumption is poised to drive significant growth in pharmaceutical packaging
sales over the projected period. The growing emphasis on safeguarding drugs
against spoilage, breakage, and leakage is expected to contribute to the rapid
expansion of the pharmaceutical packaging market.
Key Takeaways
- From
2019 to 2023, the pharmaceutical packaging market was valued at a CAGR of
9%
- Based
on product type, the bottles segment is expected to account for a share of
33.4% in 2024.
- Global
pharmaceutical packaging demand in China is predicted to account for a
CAGR of 7.5% in 2024.
- In
the United States, the pharmaceutical packaging industry is expected to
account for a CAGR of 5.6% in 2024.
- Germany
is projected to expand by a value CAGR of 5.8% between 2024 and 2034.
- Pharmaceutical
packaging market in India is anticipated to record a CAGR of 7.9% in 2024.
“The rapid growth of the pharmaceutical industry and increasing
focus on ensuring the protection of drugs from spoilage, breakage, and leakage
is anticipated to drive the market growth during the forecast period.”
says Ismail
Sutaria, Principal consultant at Future Market Insights
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Competitive Landscape
The market players are investing in and adopting advanced
packaging technologies, such as smart packaging, RFID (Radio-Frequency
Identification), and QR codes, to enhance product security, traceability, and
patient engagement.
- Amcor
Plc is a global packaging company that provides a wide range of packaging
solutions, including pharmaceutical packaging. Amcor focuses on
sustainable packaging solutions, and has made commitments to address
environmental concerns. The company invests in research and development to
introduce innovative packaging technologies. Amcor often expands its
product portfolio through acquisitions and partnerships.
- Ardagh
Group S.A. is a multinational packaging company involved in metal and
glass packaging, including pharmaceutical packaging solutions. Ardagh
emphasizes sustainability in its operations and product offerings. The
company explores strategic acquisitions and partnerships to expand its
market presence and capabilities.
Key Players:
- Amcor
Plc
- Ardagh
Group S.A.
- Berry
Global Group, Inc.
- Bilcare
Limited
- Catalent,
Inc.
- Clondalkin
Group Holdings B.V.
- Constantia
Flexibles Group GmbH
- Gerresheimer
AG
- Klöckner
Pentaplast Group
- Mondi
Group
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Key Segmentations:
By Product Type:
- Bottles
- Packer
Bottles
- Liquid
Bottles
- Vials
& Ampoules
- Blisters
- Bags
& Pouches
- Prefilled
Syringes & cartridges
- Sachets
- Trays
- Tubes
- Containers
- Jars
- Others
By Material Type:
- Plastics
- LDPE
- HDPE
- Polyvinyl
Chloride
- Polypropylene
- Polystyrene
- Polyethylene
Terephthalate
- Others
(Polycarbonate)
- Glass
- Metals
- Paper
By Region:
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- South
Asia and Pacific
- East
Asia
- Middle
East and Africa
About the Packaging Division at Future Market Insights
The packaging team at Future Market Insights offers expert
analysis, time-efficient research, and strategic recommendations with the
objective of providing authentic insights and accurate results to help clients
worldwide. With a repertoire of over 100+ reports and 1 billion+ data points,
the team has been analyzing the industry lucidly in 50+ countries for over a
decade. The team provides a brief analysis of key trends including competitive
landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of
the Stevie Award, and a member of the Greater New York Chamber of Commerce)
offers profound insights into the driving factors that are boosting demand in
the market. FMI stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food and Beverage,
Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a
vast team of over 5000 analysts worldwide, FMI provides global, regional, and
local expertise on diverse domains and industry trends across more than 110
countries.
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