Latin America Pharmaceutical Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin America Pharmaceutical Packaging Market Report is Segmented by Packaging Material (Plastics, Paper and Paperboard, Glass, Metal), by Product (Blister Packs, Plastic Bottles, Containers, Closures, Prefillable Syringes, Vials, and Ampoules, Closures, Containers), and by Country (Brazil, Mexico, Columbia, Argentina, Rest of Latin America). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Latin America Pharmaceutical Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Latin America Pharmaceutical Packaging Market Size

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Latin America Pharmaceutical Packaging Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 7.59 Billion
Market Size (2030) USD 10.34 Billion
CAGR (2025 - 2030) 6.36 %
Market Concentration Low

Major Players

Latin America Pharmaceutical Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Latin America Pharmaceutical Packaging Market Analysis

The Latin America Pharmaceutical Packaging Market size is estimated at USD 7.59 billion in 2025, and is expected to reach USD 10.34 billion by 2030, at a CAGR of 6.36% during the forecast period (2025-2030).

  • Pharmaceutical packaging is crucial in drug product presentation, protection, identification, and containment throughout their lifecycle. It facilitates storage, transport, and display while ensuring compliance with regulatory standards until the product is consumed. Adequate packaging shields the drug from various environmental factors, including climatic, biological, physical, and chemical conditions. To be optimal, pharmaceutical packaging must be cost-effective and provide adequate stability throughout the product's shelf life. The selection of packaging materials and types is based on the specific nature of the drug, ensuring that the chosen packaging offers appropriate protection and clear identification and maintains the integrity of the enclosed pharmaceutical product.
  • The pharmaceutical packaging industry in Latin America is experiencing increased demand driven by the region's expanding economies and urbanising population. The growing elderly demographic requiring continuous medical care further fuels this trend. As the pharmaceutical manufacturing sector gains momentum, packaging vendors in the region can capitalise on the market's significant potential. Foreign investments, rising local production, and new product development contribute to the growth of the regional packaging industry. Consequently, Latin America is expected to remain a key market for pharmaceutical packaging shortly.
  • The pharmaceutical industry in Latin America stands as one of the region's largest and most capital-intensive sectors. Research and development (R&D) plays a crucial role in developing innovative drugs, contributing to increased life expectancy in Latin America over the past two decades, albeit at a high cost. This focus on R&D has led to significant advancements in medical treatments and therapies, addressing various health challenges specific to the region.
  • Traditionally, large multinational companies from Western Europe and the United States have dominated the pharmaceutical market in Latin America. These established firms have leveraged their extensive resources, global research networks, and advanced manufacturing capabilities to maintain a strong regional presence. However, in recent years, the landscape has begun to shift with the entry of new players into the industry.
  • These new entrants include multinational companies from China, India, and South Korea, bringing different drug development and manufacturing approaches. Additionally, local firms from several developing countries within Latin America have emerged, often focusing on generic drugs or niche therapeutic areas. This diversification of market participants has led to increased competition, potentially driving innovation and improving access to medicines for Latin American populations.The evolving pharmaceutical landscape in Latin America presents opportunities and challenges for established and emerging companies. As the market continues to develop, factors such as regulatory environments, intellectual property rights, and healthcare policies will significantly shape the industry's future in the region.
  • ALIFAR, the Latin American Association of Pharmaceutical Industries, is a non-profit international organisation operating independently from governmental and intergovernmental bodies. It represents nationally owned pharmaceutical companies across Latin America. ALIFAR's membership encompasses over 400 companies from 12 Latin American countries, accounting for over 90% of the region's pharmaceutical market. The organization plays a crucial role in advocating for the interests of its member companies and promoting the development of the pharmaceutical industry in Latin America. ALIFAR works to foster collaboration among its members, share best practices, and address common challenges faced by the industry in the region.
  • The growing demand for pharmaceutical drugs and medicines in Latin America has been driven by population growth, increasing life expectancy, and a rising prevalence of chronic diseases. This demand and technological advancements in the pharmaceutical industry have directly led to an increased need for packaging solutions such as bottles, ampules, and other containers. The pharmaceutical packaging market in Latin America has consequently experienced significant growth. Manufacturers of packaging materials and solutions have had to adapt to meet the industry's evolving requirements, including considerations for drug stability, safety, and compliance with regulatory standards.
  • Environmental concerns related to pharmaceutical packaging raw materials may limit the market but also provide opportunities for innovation in packaging within the pharmaceutical industry in the region. The increasing focus on sustainability has heightened scrutiny of traditional packaging materials, prompting manufacturers to explore eco-friendly alternatives. This shift presents cost and regulatory compliance challenges but also opens avenues for developing novel, environmentally responsible packaging solutions.
  • Companies are investing in research and development to create biodegradable materials, reduce plastic usage, and improve the recyclability of pharmaceutical packaging. These efforts address environmental concerns and align with changing consumer preferences and regulatory requirements. As a result, the industry is witnessing a surge in innovative packaging designs that maintain product integrity while minimising environmental impact, potentially creating new market segments and competitive advantages for forward-thinking companies.

Latin America Pharmaceutical Packaging Industry Overview

The pharmaceutical packaging market in Latin America is fragmented, as established companies focus on innovation and acquisition. Companies like Amcor Group GmbH, Berry Global Inc., Schott AG. invest a lot of their resources and money in Research and development to innovate new products, meet with the environment, and ensure government compliance.

  • May 2024 - Gerresheimer, a Germany-based company specialising in pharmaceutical and healthcare packaging, is set to expand its facility in Queretaro, Mexico. This expansion aims to boost production capacities for ready-to-fill (RTF) syringes, addressing the North American market's demand for premium syringes. These prefillable glass syringes are designed for injectable biopharmaceuticals, including glucagon-like peptide-1 drugs for obesity management. The expansion started with a ground-breaking ceremony in November 2023, and Gerresheimer is channelling an investment of around EUR 100 million (USD 106 million) into the project.
  • November 2023 - Amcor has introduced a mono-PE laminate to create all-film medical packaging recyclable in the polyethylene stream. This innovation reportedly reduces the package's carbon footprint while ensuring patient safety. The film is expected to enable recycle-ready lidding for 3D thermoformed packages, which house items like drapes, protective materials, catheters, and injection and tubing systems.

Latin America Pharmaceutical Packaging Market Leaders

  1. Amcor Group GmbH

  2. Berry Global Inc.

  3. Schott AG

  4. Aptar Group Inc.

  5. Gerresheimer AG

  6. *Disclaimer: Major Players sorted in no particular order
Latin America Pharmaceutical Packaging Market Concentration
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Latin America Pharmaceutical Packaging Market News

  • October 2023: Berry Global unveiled a lightweight tube closure solution that melds contemporary design and material adaptability while significantly curbing greenhouse gas emissions. Offered in 35mm and 50mm diameters, the closures come in matte and glossy finishes, featuring 3mm and 5mm orifices. Manufactured options include virgin polyethene (PE) and polypropylene (PP), alongside food-safe post-consumer recycled plastics (rPE and rPP) sourced from CleanStream, Berry's proprietary closed-loop recycling initiative. This versatility empowers brand owners to align closure and tube materials, facilitating the creation of a mono-material pack for streamlined recycling.
  • May 2023: Daiichi Sankyo, a Japanese pharmaceutical company, announced an investment of approximately \(USD 80 million) to bolster its operations in Brazil. This move is part of a broader strategy to enhance its healthcare division, which includes plans to introduce new products in the coming years. The company, known for marketing various medications such as Hirudoid cream, stated that the funds will be allocated to expand production, packaging, and warehouse capabilities at its Barueri factory in southeastern Sao Paulo.

Latin America Pharmaceutical Packaging Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Domestic Pharmaceuticals Production
    • 5.1.2 Growing FDI In regional pharmaceutical and packaging sector
  • 5.2 Market Restraints
    • 5.2.1 Environmental Concerns related to Pharmaceutical Packaging Raw Materials
    • 5.2.2 Fluctuations In Raw Material Prices

6. MARKET SEGMENTATION

  • 6.1 By Packaging Material
    • 6.1.1 Plastic
    • 6.1.2 Glass
    • 6.1.3 Metal
    • 6.1.4 Paper
  • 6.2 By Product Type
    • 6.2.1 Blister Packs
    • 6.2.2 Plastic Bottles
    • 6.2.3 Prefillable Syringes
    • 6.2.4 Vials and Ampuls
    • 6.2.5 Closures
    • 6.2.6 Containers
    • 6.2.7 Other Product Types
  • 6.3 By Country
    • 6.3.1 Brazil
    • 6.3.2 Mexico
    • 6.3.3 Columbia
    • 6.3.4 Argentina

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Amcor Group GmbH
    • 7.1.2 Sealed Air Corporation
    • 7.1.3 Berry Global Inc.
    • 7.1.4 Schott AG
    • 7.1.5 Gerresheimer AG
    • 7.1.6 Aptar Group Inc.
    • 7.1.7 ALPLA Werke Alwin Lehner GmbH & Co KG
    • 7.1.8 Pretium Packaging
    • 7.1.9 Silgan Holdings Inc.
    • 7.1.10 Greiner Packaging International GmbH
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
*** In the final report Rest of Latin America will be considered as a separate segment.
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Latin America Pharmaceutical Packaging Industry Segmentation

The pharmaceutical industry in Latin America is experiencing significant growth, leading to increased demand for packaging solutions for both communicable and non-communicable disease treatments. Pharmaceutical packaging serves multiple crucial functions, including product identification, brand marketing, and facilitating the use of medicinal products. Additionally, it plays a vital role in storing and protecting medicines from damage, biological contamination, and external influences. As a result, the demand for packaging in pharmaceutical manufacturing is rising to ensure the safety and efficacy of medicinal products.

The Latin America pharmaceutical packaging market is segmented by packaging material (plastics, paper, paperboard, glass, metal), by product (blister packs, plastic bottles, containers, closures, prefillable syringes, vials, and ampoules, closures, containers), and by country (Brazil, Mexico, Colombia, Argentina, Rest of Latin America). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Packaging Material Plastic
Glass
Metal
Paper
By Product Type Blister Packs
Plastic Bottles
Prefillable Syringes
Vials and Ampuls
Closures
Containers
Other Product Types
By Country Brazil
Mexico
Columbia
Argentina
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Latin America Pharmaceutical Packaging Market Research Faqs

How big is the Latin America Pharmaceutical Packaging Market?

The Latin America Pharmaceutical Packaging Market size is expected to reach USD 7.59 billion in 2025 and grow at a CAGR of 6.36% to reach USD 10.34 billion by 2030.

What is the current Latin America Pharmaceutical Packaging Market size?

In 2025, the Latin America Pharmaceutical Packaging Market size is expected to reach USD 7.59 billion.

Who are the key players in Latin America Pharmaceutical Packaging Market?

Amcor Group GmbH, Berry Global Inc., Schott AG, Aptar Group Inc. and Gerresheimer AG are the major companies operating in the Latin America Pharmaceutical Packaging Market.

What years does this Latin America Pharmaceutical Packaging Market cover, and what was the market size in 2024?

In 2024, the Latin America Pharmaceutical Packaging Market size was estimated at USD 7.11 billion. The report covers the Latin America Pharmaceutical Packaging Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Pharmaceutical Packaging Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America Pharmaceutical Packaging Industry Report

Statistics for the 2025 Latin America Pharmaceutical Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Pharmaceutical Packaging analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.