Market Share of Pharmaceutical Packaging Industry
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
