Meticulous Research®—leading global market research company published a research report titled, ‘Pharmaceutical Packaging Market by Type (Bottle, Vial, Blister Pack, Ampoule, Pre-filled Syringe), Material (Plastic [PE, Polyvinyl chloride, PP, PET], Paper, Glass, Metal), Dosage Form (Oral, Parenteral, Topical), End User— Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the pharmaceutical packaging market is expected to reach $158.14 billion by 2029, at a CAGR of 7.6% from 2022 to 2029. The growth of the pharmaceutical packaging market is attributed to factors such as the rising technological advancements in blister packaging, the increasing production of pharmaceuticals, and the implementation of serialization and aggregation regulations globally.
In addition, emerging pharmaceutical manufacturing hotspots in developing countries and reshoring of pharmaceutical manufacturing in developed countries offer significant opportunities for the growth of this market.
Pharmaceutical Packaging Market: Future Outlook
The pharmaceutical packaging market is segmented based on Type (Bottles, Parenteral Containers, Blister Packs, Pre-Fillable Inhalers, Pouches & Sachets, Ampoules, Pre-Filled Syringes & Cartridges, Vials, Jars & Canisters, and Other Types), Material (Plastics & Polymers [Polyethylene, Polyvinyl Chloride, Polypropylene, Polystyrene, Polyethylene Terephthalate, Other Polymers], Paper & Paperboard, Glass, Metal, and Other Materials), Dosage Form (Oral, Parenteral, Topical, and Other Dosage Forms), End User (Pharmaceutical Manufacturing Companies, Contract Manufacturing Organizations, and Pharmacies) and Geography.
Based on type, in 2022, the bottles segment is estimated to emerge as the largest revenue-generating segment. Bottling is the most opted method in pharmaceutical packaging. Bottles are ideal for the oral administration of syrups, solutions, and suspensions, particularly for products with adapted dosages; these bottles come with spoons, pipettes, and measuring cups for administering dosages according to body weight. Bottles are also good for storing capsules & tablets and keeping them out of reach from children. Hence, these benefits offered by bottles contribute to the large market share of this segment.
Based on material, in 2022, the plastic & polymers segment is expected to emerge as the largest revenue-generating segment. The materials used for pharmaceutical packaging must be chemically inert, have low water vapor permeability, and be easy to handle. Since the packaging materials come in direct contact with medications and biological agents, they must adhere to strict regulations from regulatory bodies. Plastics & polymers meet these requirements; thus, they are widely used in pharmaceutical packaging.
Based on dosage form, the pharmaceutical packaging market is segmented into oral, parenteral, topical, and other dosage forms (nasal and ocular). In 2022, the oral segment is estimated to emerge as the largest revenue-generating segment. The high production volume of oral dosages compared to other dosage forms is attributed to the benefits of oral dosages, such as ease of usage and increased patient compliance.
Based on end user, the contract manufacturing organizations segment is slated to register the highest growth rate during the forecast period. Factors such as the complex manufacturing requirements of the pharmaceutical industry, increasing investments in pharmaceutical R&D, the pharmaceutical industry’s growing inclination towards the use of cutting-edge technologies, patent expiration, and the outbreak of the COVID-19 pandemic contribute to the adoption of contract manufacturing among pharmaceutical companies, subsequently driving the demand for packaging.
This research report analyzes the market across major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), Latin America (Brazil, Mexico, and the rest of Latin America), and the Middle East & Africa.
Based on geography, Asia-Pacific is slated to register the highest market growth rate during the forecast period. The growth of this regional market is driven by the increasing production capacities in the developing countries of the region, the increased production of generics, and the increasing number of foreign direct investments in the pharmaceutical sector.
The key players operating in the pharmaceutical packaging market report are Amcor plc (Switzerland), Gerresheimer AG (Germany), Schott AG (Germany), AptarGroup, Inc. (U.S.), Berry Global, Inc. (U.S.), Catalent, Inc. (U.S.), O-I Glass, Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.), NIPRO CORPORATION (Japan), and Vetter Pharma International GmbH (Germany).
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