5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Pharmaceutical Packaging Market is segmented by Material (Plastics, Paper and Paperboard, Glass, Metal), Product (Primary Packaging, Secondary Packaging), and Geography.
Fastest Growing Market:
The pharmaceutical packaging market was valued at USD 73.49 billion in 2019 and is expected to reach a value of USD 118.01 billion by 2025 at a CAGR of 8.24%, during the forecast period (2020-2025). With the trend in the growth in regulatory norms worldwide, focusing on population health management and inventions, etc., the pharmaceutical industry in the country has evolved considerably. A much more informed customer base and growth in the demand for over-the-counter medicines are increasing the growth of the market.
Nanotechnology, the science of very small materials, has a huge impact on pharmaceutical packaging, as it enables the introduction of innovative and new-gen packaging solutions to the market, thus, driving the growth. Improved barrier properties in plastics and enhanced functionality for nanotechnology facilitates the growth of the pharmaceutical packaging market. Hence, innovations in nanotechnology aid the growth and expansion of the plastic pharmaceutical packaging segment.
In the near future, the development of better and more advanced healthcare infrastructure, coupled with the growth of pharmaceutical companies through alliances and partnerships (to maintain a stronghold, domestically and internationally), is set to boost the growth of the pharmaceutical packaging market.
However, increasing overall packaging costs, owing to stringent regulations set and dynamic regulatory measures by governing bodies on the manufacturing of counterfeit medicines are the major restraints for the growth of the pharmaceutical packaging market.
Pharmaceutical packaging is the packages and the packaging processes for the pharmaceutical process, where several raw materials, such as glass, plastic resins, etc, find application in the production of pharmaceutical packaging. Due to advanced and diverse drug-producing industries, the global demand will come from the developed economies. Based on drug delivery, the oral segment may lead the pharmaceutical packaging market in the future. Oral drug delivery mode is widely used to administer drugs through the mouth, which proves to be an easy and efficient method of drug administration.
|Paper & Paperboard|
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
To understand geography trends, Download Sample Report.
While the pharmaceutical packaging market is fragmented, established companies are focusing on innovation and acquisition. Companies are investing a large amount of their resources and money in the R&D to innovate new products meeting with the environment and government compliance. Digital mass serialization is becoming a popular solution to combat counterfeiting. Key players are Amcor Limited, AptarGroup, Inc., Gerresheimer AG, Schott AG, etc. Recent developments are -
Mar 2019 - West Pharmaceuticals opens New Digital Technology Center in Bengaluru, India. This Digital Technology Center will allow West Pharmaceutical team to create compelling digital experiences for their global customer base, source talent from India's fast-growing technology industry, and bring forward the latest digital advancements to create insights and value for their customers and team members for ultimately delivering better business results.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Introduction of Regulatory Standards on Packaging and Stringent Norms against Counterfeit Products
4.3.2 Impact of Nanotechnology due to Innovative and New-Gen Packaging Solutions
4.4 Market Restraints
4.4.1 Fluctuations in Raw Material Cost Due to Suppliers Bargaining Power
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Material
5.1.2 Paper & Paperboard
5.1.5 Other Matetials
5.2 By Product
5.2.1 Primary Packaging
220.127.116.11 Blister Packaging
18.104.22.168 Prefillable Syringes
22.214.171.124 Vials and Ampuls
126.96.36.199 Other Primary Packaging Products
5.2.2 Secondary Packaging
188.8.131.52 Packaging Accessories
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Latin America
188.8.131.52 Rest of Latin America
5.3.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor Limited
6.1.2 3M Company
6.1.3 Schott AG
6.1.4 WestRock Company
6.1.5 Berry Global Inc.
6.1.6 McKesson Corporation
6.1.7 AptarGroup Inc.
6.1.8 Klöckner Pentaplast Group
6.1.9 CCL Industries Inc.
6.1.10 FlexiTuff International Ltd
6.1.11 Gerresheimer AG
6.1.12 West Pharmaceutical Services, Inc.
6.1.13 Becton, Dickinson and Company
6.1.14 Vetter Pharma International GmbH
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability