Pharmaceutical Packaging Market Size Worth $1,91,700.0 Mn By 2032 | CAGR: 7.4%: – Witness the Evolving Trends with ChemView Consulting’s Report

Pharmaceutical Packaging Market Snapshot

According to a research survey conducted by ChemView Consulting, in 2022, the Global Pharmaceutical Packaging Market was worth US$ 93,900.0 Mn and is expected to grow at a CAGR of 7.4% over the forecast period. The market is expected to hit US$ 1,91,700.0 Mn by 2032 end.

The market is driven by the increasing focus of pharmaceutical packaging solution providers on sustainable and eco-friendly packaging along with the surging demand for easy-to-use, easy-to-dispose, and child-resistance packaging for pharmaceutical products.

Manufacturers prioritize clean room packaging solutions to mitigate the pandemic’s effects and other illnesses. Pharmaceutical packaging solutions include primary packaging, such as bottles, vials, ampoules, and blister packs, and secondary packagings, such as boxes and cartons.

Five key findings from ChemView Consulting’s pharmaceutical packaging market survey:

  • After 2020, the pharmaceutical industry will see a rapid increase in eco-friendly and sustainable packaging.
  • The market is expanding due to increased demand for child resistance packaging.
  • The most significant barrier to the growth of the pharmaceutical packaging market is fluctuating prices and a scarcity of raw materials.
  • Pharma Manufacturing has the largest end-user market share and is expected to maintain its dominance throughout the forecast period.
  • The North American region dominated the market, accounting for the majority of the market share.

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Market Dynamics

  • Unit Dose Containers Will Increase Due to Compliance and Infection Prevention Benefits
  • Increasing Generic Drug Adoption in Developing Countries to Drive Market Growth
  • Unit Dose Containers Will Increase Due to Compliance and Infection Prevention Benefits
  • Pharmaceutical Packaging Suppliers Gain a Competitive Advantage Through Consolidation
  • Sustainability is the major factor that is shaping the market

Segments Covered in Report

By Product Type:

  • Bottles
    • Packer Bottles
    • Liquid Bottles
  • Vials & Ampoules
  • Blisters
  • Bags & Pouches
  • Prefilled Syringes & Cartridges
  • Sachets
  • Trays
  • Tubes
  • Containers, Jars, & others

By Material Type:

  • Plastics
    • Polyethylene
      • LDPE
      • HDPE
    • Polyvinyl Chloride
    • Polypropylene
    • Polyethylene Terephthalate
    • Others (Polycarbonate)
  • Glass
  • Metals
  • Paper

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways

  • In 2021, plastics and polymers accounted for more than 35.0% of total sales. Pharmaceutical vials, bottles, closures, syringes, pouches, sachets, cartridges, tubes, and blister packs are frequently made from various plastic resins, including PE, PET, PP, PVC, PS, and bioplastic.
  • By the end of 2031, bottles are expected to command more than 30% of the market value, aided by leak-proof packaging solutions.
  • In 2021, North America held a revenue share of approximately 0%, dominating the market. The main end-use sector in the area in 2021 was pharmaceutical manufacturing, including internal production.

Competition Summary

As many as 1,500 manufacturers and contract packaging firms supply packaging to the global pharmaceutical industry. The industry is highly fragmented. Leading suppliers have acquired other important industry players to expand their reach and offer new products and technologies in order to compete better.

Tier 3 market players are estimated to control 70-80% of the global pharmaceutical packaging market. Finally, key players account for nearly 20-30% of the global market. Market leaders are primarily concerned with product development and mergers and acquisitions.

Key companies covered in the market study are Amcor Plc, Ardagh Group S.A., Becton, Dickinson and Company, UDG Healthcare plc, Berry Global, Inc, Bilcare Limited, Catalent, Inc, Clondalkin Group Holdings B.V, Constantia Flexibles Group GmbH, Gerresheimer AG, Klockner Pentaplast Group, Mondi Group, Nipro Corporation, Piramal Glass Limited and Schott AG.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
  • In-house primary research team
  • The in-house data visualization team
  • Industry-wide network of research partners
  • Database subscriptions
  • The exclusively tailored research process

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