Pharmaceutical Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 102.10 Billion |
| Market Size (2029) | USD 137.28 Billion |
| CAGR (2024 - 2029) | 6.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
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 102.10 billion in 2024, and is expected to reach USD 137.28 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
- The pharmaceutical industry is growing 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 due to ongoing expansion and research and development to improve pharmaceutical packaging. Thus, demand is anticipated to increase significantly during 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 Y-o-Y. The lack of supply to keep up with the increase in demand is also one factor driving higher polymer prices, which is expected to hinder market growth.
- Owing to the spread of COVID-19, the market is expected to grow significantly. Due to the COVID-19 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, they are often used in 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 September 2024, Germany-based healthcare packaging firm Sanner unveiled blueprints for a fresh production site and its new headquarters in Bensheim. Specializing in plastic packaging for solid medications and single-dose primary packaging for liquids, Sanner has been at the forefront of promoting desiccant packaging in the pharmaceutical realm. This move to expand its presence in the region is poised to catalyze growth in the sector under scrutiny.
- 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.
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 Asia-Pacific 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 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, and Aptar Group Inc. Companies are expanding their business through product launches, collaborations, and investments.
- May 2024: Gerresheimer AG, a key player in the pharmaceutical plastic packaging sector, announced its acquisition plans for Bormioli Pharma. This strategic move aims to integrate Bormioli Pharma's specialized offerings, such as the Dual Chamber and Child Proof / TE Closures Accessories, into Gerresheimer's portfolio, bolstering its presence in the pharmaceutical packaging landscape.
- January 2024: Bormioli Pharma, soon to be under the ownership of Gerresheimer AG, collaborated with Loop Industries, a clean technology firm. With a goal to meet the rising need for sustainable packaging, the collaboration is offering packaging made exclusively from Loop PET resin, a high-quality material sourced from recycled sources. This move underscores the growing demand for PET materials in the pharmaceutical packaging sector.
Pharmaceutical Packaging Market Leaders
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Amcor PLC
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3M Company
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Schott AG
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WestRock Company
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Berry Global Group Inc.
*Disclaimer: Major Players sorted in no particular order
Pharmaceutical Packaging Market News
- March 2024: Adare Pharma Solutions, a leading global CDMO specializing in oral dosage forms, unveiled plans for additional investments in its Pessano facility in Milan, Italy. The expansion primarily targets bolstering blister packaging and warehousing capacities, underscoring the rising significance of plastic packaging within the pharmaceutical landscape.
- January 2024: Boehringer Ingelheim announced plans to expand its manufacturing plant in Koropi, Greece, with a significant EUR 120 million investment. This strategic initiative is geared toward ramping up production capacity for a range of medications, spanning cardiometabolic diseases, mental health, and pulmonary conditions. Such investments are poised to catalyze market growth.
Pharmaceutical Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption 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 Substitutes
4.3.5 Degree of Competition
4.4 Assessment of Impact of the COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Regulatory Standards on Packaging and Stringent Norms Against Counterfeit Products
5.1.2 Impact of Nanotechnology due to Innovative and New- generation Packaging Solutions
5.2 Market Challenges
5.2.1 Fluctuations in Raw Material Cost Due to Suppliers Bargaining Power
6. MARKET SEGMENTATION
6.1 By Material
6.1.1 Plastics
6.1.2 Glass
6.1.3 Other Materials
6.2 By Product Type
6.2.1 Bottles
6.2.2 Syringes
6.2.3 Vials and Ampoules
6.2.4 Tubes
6.2.5 Caps and Closures
6.2.6 Labels
6.2.7 Other Product Types
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 United Kingdom
6.3.2.3 France
6.3.2.4 Italy
6.3.2.5 Spain
6.3.2.6 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 South Korea
6.3.3.5 Rest of Asia-Pacific
6.3.4 Latin America
6.3.4.1 Brazil
6.3.4.2 Mexico
6.3.4.3 Rest of Latin America
6.3.5 Middle East and Africa
6.3.5.1 United Arab Emirates
6.3.5.2 Saudi Arabia
6.3.5.3 South Africa
6.3.5.4 Rest of Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Amcor PLC
7.1.2 3M Company
7.1.3 Schott AG
7.1.4 WestRock Company
7.1.5 Berry Global Group Inc.
7.1.6 McKesson Corporation
7.1.7 AptarGroup Inc.
7.1.8 Klockner Pentaplast Group
7.1.9 CCL Industries Inc.
7.1.10 FlexiTuff International Ltd
7.1.11 Gerresheimer AG
7.1.12 West Pharmaceutical Services Inc.
7.1.13 Becton, Dickinson and Company
7.1.14 Vetter Pharma International GmbH
7.1.15 Catalent Inc.
7.1.16 W. L. Gore & Associates Inc.
7.1.17 Nipro Corporation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
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) 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), product type (bottles, syringes, vials and ampoules, tubes, caps and closures, and labels), and geography (North America [United States and Canada], Europe [Germany, United Kingdom, France, Italy, Spain, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], Latin America [Brazil, Mexico, and Rest of Latin America], and Middle East and Africa [United Arab Emirates, Saudi Arabia, South Africa, and Rest of Middle East and Africa]). The market sizes and forecasts are provided in terms of value (USD) 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 | ||||||||
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Pharmaceutical Packaging Market Research FAQs
How big is the Pharmaceutical Packaging Market?
The Pharmaceutical Packaging Market size is expected to reach USD 102.10 billion in 2024 and grow at a CAGR of 6.10% to reach USD 137.28 billion by 2029.
What is the current Pharmaceutical Packaging Market size?
In 2024, the Pharmaceutical Packaging Market size is expected to reach USD 102.10 billion.
Who are the key players in Pharmaceutical Packaging Market?
Amcor PLC, 3M Company, Schott AG, WestRock Company and Berry Global Group Inc. are the major companies operating in the Pharmaceutical Packaging Market.
Which is the fastest growing region in Pharmaceutical Packaging Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pharmaceutical Packaging Market?
In 2024, the Asia-Pacific accounts for the largest market share in Pharmaceutical Packaging Market.
What years does this Pharmaceutical Packaging Market cover, and what was the market size in 2023?
In 2023, the Pharmaceutical Packaging Market size was estimated at USD 95.87 billion. The report covers the Pharmaceutical Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pharmaceutical Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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