Pharmaceutical Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Pharmaceutical Packaging Market is Segmented by Material (Plastic, Glass), by Product Type (Bottles, Syringes, Vials and Ampoules, Tube, Caps and Closures, and Labels), and by Geography (North America (the United States and Canada), Europe (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America ), and Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, and Rest of the Middle East & Africa)). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

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Pharmaceutical Packaging Market Size

Pharmaceutical Packaging Market Summary
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Study Period 2018 - 2028
Market Size (2023) USD 96.23 Billion
Market Size (2028) USD 129.39 Billion
CAGR (2023 - 2028) 6.10 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Pharmaceutical Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Pharmaceutical Packaging Market Analysis

The Pharmaceutical Packaging Market size is estimated at USD 96.23 billion in 2023, and is expected to reach USD 129.39 billion by 2028, growing at a CAGR of 6.10% during the forecast period (2023-2028).

  • The pharmaceutical industry is increasing worldwide, creating a need for packaging to treat communicable and non-communicable diseases. Therefore, the demand for packaging in pharmaceutical manufacturing is growing as it protects pharmaceuticals from damage, biological contamination, and external influences.
  • Increased demand for pharmaceuticals is associated with technological advancements in the industry and directly creates demand for bottles, vials, and other packaging solutions. Additionally, the growing demand for injectables is driving the growth of glass vials in the pharmaceutical industry. Strong demand for oncology and other high-potency drugs (such as antibody conjugates and fast-acting steroids) and increasing per capita spending on pharmaceuticals are expected to be key growth drivers.
  • The global demand scenario for pharmaceutical products has supported revenue generation in the packaging sector and is expected to continue during the forecast period. Overall, the pharmaceutical packaging market is projected to register a steady growth rate coupled with ongoing expansion and research and development to improve pharmaceutical packaging. Thus, demand is anticipated to witness enormous growth over the forecast period.
  • The plastic packaging industry faces rising polymer costs, making plastics more expensive. Additionally, the war between Ukraine and Russia has pushed prices up again. The demand for plastics and plastic products is increasing year by year. The lack of supply keeping up with the increase in demand is also one factor driving higher polymer prices, expected to hinder the market growth.
  • Owing to the spread of COVID-19, the market is expected to grow significantly. Due to the pandemic, customers shifted toward online purchasing. The COVID-19 pandemic hit hard on expanding packaging materials in developing and developed countries. However, strong demand for sterilized pharmaceutical packaging encouraged investment in the landscape. Moreover, industry players expect the healthcare industry to show strong demand for packaging technology.

Pharmaceutical Packaging Market Trends

Plastic Packaging Holds a Significant Market Share

  • Plastic is one of the most popular materials for pharmaceutical packaging as it is more applicable, durable, flexible, and sustainable. Pharmaceutical packaging utilizes plastic bottles constructed from various materials, including polyvinyl chloride, polyethylene, polypropylene, and polystyrene. The industry uses transparent, durable, lightweight plastic to store and market.
  • Plastics are used for packaging blister packs, sachets, prefilled syringes and inhalers, parenteral solution pouches, and bottles. Materials used in pharmaceutical packaging need to be chemically inert, have low permeability to water vapor, and are easy to handle. In addition, packaging materials come in direct contact with pharmaceuticals and biological agents and hence need to comply with strict regulations from regulatory authorities. Plastics and polymers meet these requirements; therefore, it is often used for pharmaceutical packaging.
  • Bottles for pharmaceutical packaging consist of child-resistant caps and closures. The US FDA requires pharmaceutical plastic manufacturers to highlight "child-resistant packaging" on product labels for consumer evaluation. Rising demand for child-safe packaging is one of the factors driving the pharmaceutical plastic packaging market during the forecast period.
  • Companies are focused on expanding their business as part of leveraging pharmaceutical packaging. For instance, in June 2022, Constantia Flexibles introduced Perpetua Alta, a new polypropylene-based mono-material for the pharmaceutical market. This mono-polymer solution replaces multi-component packaging for chemically assertive products, such as liquid and gel pharmaceutical compositions. In addition, independent certification by the German laboratory Cyclos-HTP confirms up to 96% material recovery, depending on the final material composition. Such innovations drive the plastic materials in the pharmaceutical packaging market.
  • Moreover, polyvinyl chloride and PVDC (polyvinylidene chloride), commonly used as principal packaging materials, protect pharmaceutical items from oxygen and odor, moisture, water vapor transmission, contamination, and bacteria. This makes PVC and PVDC the preferred materials for blister packing. Their superior organoleptic qualities ensure that the flavor of packaged food and medications remains unaffected. PVC mono films are sunlight and UV-ray-resistant and serve as a barrier against contamination by halting the spread of germs during production and distribution over the forecast period.
Pharmaceutical Packaging Market - Plastics Use for Packaging, in Million Metric Tons, Worldwide, 2019 - 2030

Asia-Pacific to Occupy Major Share

  • The robust growth of the Chinese pharmaceutical sector creates significant business opportunities for the country's pharmaceutical packaging companies. It is now becoming critical for companies to look for packaging concepts that meet emerging needs in the pharmaceutical packaging market.
  • The Chinese government's policies to accelerate the transformation of the country's medical regime are expected to promote the development of the pharmaceutical packaging sector. Furthermore, China is actively upgrading its pharmaceutical packaging facilities and materials and diversifying its pharmaceutical products, bringing new opportunities to pharmaceutical packaging firms.
  • The future of the pharmaceutical packaging market in Japan looks good, driven by the pharmaceutical industry's growth and improving healthcare services in developing economies. In this market, plastic, glass, paper, and aluminum foil are the main material types. Emerging trends directly impacting the dynamics of the pharmaceutical packaging industry include rising demand for eco-friendly packaging, increasing use of nano-enabled packaging, and increasing adoption of blow-fill-seal technology.
  • The pharmaceutical packaging industry in India has been experiencing substantial growth for several years. Due to innovations and emerging treatments, there is room for further growth in this section of the pharma industry. The COVID-19 pandemic has brought a new awareness of the need to package and distribute products efficiently. There will be expectations to manufacture and distribute products quicker, right down to the packaging. Packaging companies will face new pressures to develop solutions to get things moving faster and increase demand.
  • South Korea is one of the fastest-growing pharma regions in Asia, emerging as a critical contributor to global healthcare innovation. It has tremendously advanced new drug research and development in the last few years. Especially during the past few years, Korea has developed new drug R&D capabilities in the global pharmaceutical and biotech landscape.
  • The scope of the Rest of the Asia-Pacific region includes multiple countries, such as Indonesia, Australia, Singapore, Thailand, and Malaysia. The market is driven by the surge of international partnerships, biosimilars, an expansion in the export of finished formulations, and a robust generics market.
Pharmaceutical Packaging Market - Growth Rate by Region

Pharmaceutical Packaging Industry Overview

The rivalry among the existing players is intense in the pharmaceutical packaging market. The market is fragmented with the presence of various major players, such as Amcor PLC, Schott AG, WestRock Company, Berry Global, Aptar Group Inc., and more. Companies are expanding their business through product launches, collaborations, and investments.

  • February 2023: Schott opened its first facility in the United States to expand its capabilities and manufacturing capacity for diagnostics and life sciences products. The construction of a new facility in Phoenix, Arizona, with a multimillion-dollar investment, will be dedicated to producing custom DNA and protein biosensors and other microarrays on glass, semiconductors, and polymer microfluidic consumable devices.
  • May 2022: CCL Industries Inc. announced plans for an expansion at its Innovia business unit near Leipzig in Germany. A new 8 m wide multi-layer co-extrusion line will manufacture highly engineered thin gauge label films to meet the rising, sustainability-driven demand for materials with reduced resin contents. With a capacity of 36,000 ton annually and best-in-class energy efficiency, the new technology is exclusive to label films. Production will begin in the second half of 2024, with most of the capital invested in the next year.

Pharmaceutical Packaging Market Leaders

  1. Amcor PLC

  2. 3M Company

  3. Schott AG

  4. WestRock Company

  5. Berry Global Group Inc.

*Disclaimer: Major Players sorted in no particular order

Pharmaceutical Packaging Market Concentration

Pharmaceutical Packaging Market News

  • January 2023: Amcor announced the acquisition of Shanghai-based MDK. MDK, a market leader in medical device packaging and a key priority growth area for Amcor, has annual sales of about USD 50 million. The addition of MDK will strengthen Amcor's already strong healthcare platform in the Asia-Pacific region as it continues to focus its emphasis on higher growth priority categories.
  • June 2022: Catalent announced installing a high-speed blister packaging line to complement its existing automated bottling line at its clinical supply plant in Shiga, Japan. Customers working on this project from anywhere in the world will have the most access and flexibility due to the new blister-packing equipment, which is the same as that utilized throughout Catalent's network of clinical supply services.

Pharmaceutical Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Degree of Competition

    4. 4.4 Assessment of Impact of the COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Regulatory Standards on Packaging and Stringent Norms against Counterfeit Products

      2. 5.1.2 Impact of Nanotechnology due to Innovative and New- generation Packaging Solutions

    2. 5.2 Market Challenges

      1. 5.2.1 Fluctuations in Raw Material Cost Due to Suppliers Bargaining Power

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material

      1. 6.1.1 Plastics

      2. 6.1.2 Glass

      3. 6.1.3 Other Materials

    2. 6.2 By Product Type

      1. 6.2.1 Bottles

      2. 6.2.2 Syringes

      3. 6.2.3 Vials and Ampoules

      4. 6.2.4 Tubes

      5. 6.2.5 Caps and Closures

      6. 6.2.6 Labels

      7. 6.2.7 Other Product Types

    3. 6.3 By Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 Germany

        2. 6.3.2.2 United Kingdom

        3. 6.3.2.3 France

        4. 6.3.2.4 Italy

        5. 6.3.2.5 Spain

        6. 6.3.2.6 Rest of Europe

      3. 6.3.3 Asia-Pacific

        1. 6.3.3.1 China

        2. 6.3.3.2 Japan

        3. 6.3.3.3 India

        4. 6.3.3.4 South Korea

        5. 6.3.3.5 Rest of Asia-Pacific

      4. 6.3.4 Latin America

        1. 6.3.4.1 Brazil

        2. 6.3.4.2 Mexico

        3. 6.3.4.3 Rest of Latin America

      5. 6.3.5 Middle East & Africa

        1. 6.3.5.1 United Arab Emirates

        2. 6.3.5.2 Saudi Arabia

        3. 6.3.5.3 South Africa

        4. 6.3.5.4 Rest of Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Amcor PLC

      2. 7.1.2 3M Company

      3. 7.1.3 Schott AG

      4. 7.1.4 WestRock Company

      5. 7.1.5 Berry Global Group Inc.

      6. 7.1.6 McKesson Corporation

      7. 7.1.7 AptarGroup Inc.

      8. 7.1.8 Klockner Pentaplast Group

      9. 7.1.9 CCL Industries Inc.

      10. 7.1.10 FlexiTuff International Ltd

      11. 7.1.11 Gerresheimer AG

      12. 7.1.12 West Pharmaceutical Services Inc.

      13. 7.1.13 Becton, Dickinson and Company

      14. 7.1.14 Vetter Pharma International GmbH

      15. 7.1.15 Catalent Inc.

      16. 7.1.16 W. L. Gore & Associates Inc.

      17. 7.1.17 Nipro Corporation

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

Pharmaceutical Packaging Industry Segmentation

The packages and packing procedures for pharmaceutical preparations are referred to as pharmaceutical packaging (or medication packaging). It involves every stage of the process, from drug production to the final consumer, via various distribution routes. The study considers revenues from the sales of different pharmaceutical packaging products offered by various vendors operating in the market. The market scope considers product types, including bottles, vials and ampoules, Syringes, caps and closures, labels, and others. The consumption value (USD billion) of pharmaceutical packaging is considered for the market size and forecasts. The market study factors the impact of COVID-19 on the overall pharmaceutical glass packaging market based on the prevalent base scenarios, key themes, and end-user vertical-related demand cycles.

The pharmaceutical packaging market is segmented by material (plastic, glass), by product type (bottles, syringes, vials and ampoules, tube, caps and closures, and labels), and by geography (North America (the United States and Canada), Europe (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America ), and Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, and Rest of the Middle East & Africa)). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments. 

By Material
Plastics
Glass
Other Materials
By Product Type
Bottles
Syringes
Vials and Ampoules
Tubes
Caps and Closures
Labels
Other Product Types
By Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Pharmaceutical Packaging Market Research FAQs

The Pharmaceutical Packaging Market size is expected to reach USD 96.23 billion in 2023 and grow at a CAGR of 6.10% to reach USD 129.39 billion by 2028.

In 2023, the Pharmaceutical Packaging Market size is expected to reach USD 96.23 billion.

Amcor PLC, 3M Company, Schott AG, WestRock Company and Berry Global Group Inc. are the major companies operating in the Pharmaceutical Packaging Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia-Pacific accounts for the largest market share in the Pharmaceutical Packaging Market.

Pharmaceutical Packaging Industry Report

Statistics for the 2023 Pharmaceutical Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pharmaceutical Packaging analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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