The Pharmaceutical Contract Packaging Market is projected to reach $42.03 billion by 2029, at a CAGR of 8.4% from 2022 to 2029. Pharmaceutical companies outsource packaging operations to contract packaging firms to reduce their operating costs and focus on the core operations of developing a drug. Furthermore, serialization regulations for pharmaceuticals are progressing globally, and many pharmaceutical contract packaging firms already have efficient serialization workflows. Thus, outsourcing packaging functions allows pharmaceutical companies to meet serialization requirements without investing time and money in developing serialization workflows.
The growth of the pharmaceutical contract packaging market is driven by the growing adoption of smart packaging solutions, stringent regulatory policies concerning serialization regulations, and complex packaging requirements of the pharmaceutical industry. Furthermore, the adoption of postponement packaging to improve operations efficacy is offering market growth opportunities.
The outbreak of COVID-19 has created severe uncertainty about the demand for pharmaceuticals worldwide. In the light of the pandemic, the pharmaceutical companies pivoted their resources to vaccine production and R&D to develop a therapy for COVID-19, offering opportunities to the pharmaceutical contract packaging businesses. Pharmaceutical contract packaging firms are equipped with facilities that offer extensive benefits to pharmaceutical companies. Therefore, these companies focused on having a flexible capacity to support the growing demand for contract packaging.
The demand for vaccines increased exponentially to immunize people against COVID-19. This increased the demand for contract packaging services. Additionally, the demand for cryogenic labels also increased.
Thus, apart from the temporary supply chain disruptions in procuring materials for pharmaceutical packaging, the overall impact of the pandemic on the pharmaceutical contract packaging market has been positive.
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Adoption of Smart Packaging Solutions is Driving the Market Growth
The main purpose of the packaging is to protect the drug or drug product against the harmful effects caused by exposure and usage in the external environment. Smart packaging solutions utilize biosensors or chemical sensors to monitor the quality and safety of the product. Smart packaging solutions in pharmaceutical contract packaging help stakeholders monitor pharmaceuticals from dispatch to delivery. Furthermore, smart solutions offer benefits such as integration, safety and authenticity, patient adherence, and sustainability. The advent of contract packaging has helped pharmaceutical companies save on packaging costs, as new packaging formats can be expensive.
Adoption of Biodegradable Packaging Solutions is the Trend Prevailing in the Market
Packaging ensures the drugs' safety and storage without damaging their composition. Many pharmaceutical contract packaging companies are shifting to biodegradable packaging solutions due to their advantages, such as ease in disposal, reduction of carbon footprint, and non-hazardous to the environment. Pharmaceutical manufacturing, as well as contract packaging companies, are focusing on developing biodegradable variants for pharmaceutical packaging.
Based on service, in 2022, the primary packaging segment is expected to account for the largest share
Based on service, the pharmaceutical contract packaging market is segmented into primary packaging and secondary packaging. The primary packaging is further segmented into bottles, vials, ampoules, blister packs, and other primary packaging. In 2022, the bottles sub-segment is expected to account for the largest share of the market. The large market share of this segment is attributed to its benefits, such as cost-effectiveness, flexibility, and safety, while storing the pharmaceuticals in bottles.
Based on material, in 2022, the plastics & polymers segment is expected to account for the largest share
Polymers like high-density polyethylene and acrylic are used for fluid handling applications within the pharmaceutical sector. These materials keep medicine safe for use. Plastics & polymers also keep the pharmaceuticals safe during sterilization, offer UV protection, and are non-reactivity with chemicals. Furthermore, the growing trend of adopting biodegradable and reusable plastic is positively impacting the growth of this segment.
Asia-Pacific: Fastest Growing Regional Market
The growth in Asia-Pacific is attributed to the presence of a large number of contract packaging service providers in the region and the growing investments. The players operating in this market are continuously expanding their pharmaceutical operations. Furthermore, the presence of cost-effective labor and machinery also supports the market growth.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years. The key players profiled in the global pharmaceutical contract packaging market report are Daito Pharmaceutical Co., Ltd. (Japan), WestRock Company (U.S.), Baxter (U.S.), CCL Industries (Canada), Sharp Services, LLC (U.S.), Tjoapack Netherlands B.V.(Pharma Packaging Solutions) (Netherlands), IDT Biologika (Germany), Vetter Pharma International GmbH (Germany), Alcami Corporation Inc. (U.S.), and CIT srl (Italy).
Scope of the Report:
Pharmaceutical Contract Packaging Market, by Service
Pharmaceutical Contract Packaging Market, by Material
Pharmaceutical Contract Packaging Market, by Geography
Key questions answered in the report:
This study offers a detailed assessment of the pharmaceutical contract packaging market, including the market size & forecast for various segmentation like service and material. The pharmaceutical contract packaging market studied in this report also involves the value analysis of various segments and sub-segments of pharmaceutical contract packaging at regional and country levels.
The global pharmaceutical contract packaging market is projected to reach $42.03 billion by 2029, at a CAGR of 8.4% during the forecast period.
Based on service, in 2022, the primary packaging segment is expected to account for the largest share of the market.
Based on material, in 2022, the plastics & polymers segment is expected to account for the largest share.
The growth of this market is attributed to the capacity expansions & investments in expanding services, adoption of smart packaging solutions, stringent regulations, and complex packaging requirements of the pharmaceutical industry. Furthermore, the adoption of postponement packaging offers opportunities for market growth.
The key players profiled in the global pharmaceutical contract packaging market are Daito Pharmaceutical Co., Ltd. (Japan), WestRock Company (U.S.), Baxter (U.S.), CCL Industries (Canada), Sharp Services, LLC (U.S.), Tjoapack (Pharma Packaging Solutions) (Netherlands), IDT Biologika (Germany), Vetter Pharma International GmbH (Germany), Alcami Corporation Inc. (U.S.), and CIT srl (Italy).
Emerging economies in Asia-Pacific, such as China and India, are expected to offer significant growth opportunities to the market players due to the presence of a large number of contract packaging service providers.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1 Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for this Study
2.5. Limitations for the Study
3. Executive Summary
4. Market Insights
4.1. Market Overview
4.2. Drivers
4.2.1. Adoption of Smart Packaging Solutions
4.2.2. Stringent Regulatory Scenario
4.2.3. Complex Packaging Requirements of the Pharmaceutical Industry
4.3. Opportunities
4.3.1. Adoption of Postponement Packaging to Improve Efficacy
4.4. Challenges
4.4.1. Managing Relationships Between Contracting parties
4.4.2. Changing Market Demands in the Constantly Changing Pharmaceutical Environment
4.5. Trends
4.5.1. Adoption of Biodegradable Packaging Solutions
4.6. Impact of COVID-19 on the Pharmaceutical Contract Packaging Market
5. Global Pharmaceutical Contract Packaging Market, by Service
5.1. Introduction
5.2. Primary Packaging
5.2.1. Bottles
5.2.2. Vials
5.2.3. Ampoules
5.2.4. Blister Packs
5.2.5. Other Primary Packaging
5.3. Secondary Packaging
6. Pharmaceutical Contract Packaging Market, by Material
6.1. Introduction
6.2. Plastics & Polymers
6.3. Paper & Paperboard
6.4. Glass
6.5. Aluminum Foil
6.6. Other Materials
7. Global Pharmaceutical Contract Packaging Market, by Geography
7.1. Introduction
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.3. Europe
7.3.1. Germany
7.3.2. U.K.
7.3.3. France
7.3.4. Italy
7.3.5. Spain
7.3.6. Rest of Europe (RoE)
7.4. Asia-Pacific (APAC)
7.4.1. China
7.4.2. Japan
7.4.3. India
7.4.4. Rest of APAC (RoAPAC)
7.5. Latin America
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Rest of Latin America (RoLATAM)
7.6. Middle East & Africa
8. Competitive Landscape
8.1 Introduction
8.2 Key Growth Strategies
8.3 Competitive Benchmarking
8.4. Market Share Analysis (2021)
9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
9.1. Daito Pharmaceutical Co., Ltd.
9.2. WestRock Company
9.3. Baxter
9.4. CCL Industries
9.5. Sharp Services, LLC
9.6. Tjoapack Netherlands B.V. (Pharma Packaging Solutions)
9.7. IDT Biologika
9.8. Vetter Pharma International GmbH
9.9. Alcami Corporation, Inc.
9.10. CIT srl
10. Appendix
10.1. Questionnaire
10.2. Available Customization
List of Tables
Table 1 Global Pharmaceutical Contract Packaging Market Drivers: Impact Analysis (2022–2029)
Table 2 Global Pharmaceutical Contract Packaging Market Restraints: Impact Analysis (2022–2029)
Table 3 Global Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 4 Global Pharmaceutical Contract Primary Packaging Market Size, by Country /Region, 2020–2029 (USD Million)
Table 5 Global Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 6 Global Pharmaceutical Contract Primary Packaging Market Size for Bottles, by Country Region, 2020–2029 (USD Million)
Table 7 Global Pharmaceutical Contract Primary Packaging Market Size for Vials, by Country/Region, 2020–2029 (USD Million)
Table 8 Global Pharmaceutical Contract Primary Packaging Market Size for Ampoules, by Country/Region, 2020–2029 (USD Million)
Table 9 Global Pharmaceutical Contract Primary Packaging Market Size for Blister Packs, by Country/Region, 2020–2029 (USD Million)
Table 10 Global Pharmaceutical Contract Packaging Market Size for Other Primary Packaging, by Country/Region, 2020–2029 (USD Million)
Table 11 Global Pharmaceutical Contract Secondary Packaging Market Size, by Country/Region, 2020–2029 (USD Million)
Table 12 Global Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 13 Global Pharmaceutical Contract Packaging Market Size for Plastics & Polymers, by Country/Region, 2020–2029 (USD Million)
Table 14 Global Pharmaceutical Contract Packaging Market Size for Paper & Paperboard, by Country/Region, 2020–2029 (USD Million)
Table 15 Global Pharmaceutical Contract Packaging Market Size for Glass, by Country/Region, 2020–2029 (USD Million)
Table 16 Global Pharmaceutical Contract Packaging Market Size for Aluminum Foil, by Country/Region, 2020–2029 (USD Million)
Table 17 Global Pharmaceutical Contract Packaging Market Size for Other Materials, by Country/Region, 2020–2029 (USD Million)
Table 18 Global Pharmaceutical Contract Packaging Market Size, by Country/Region, 2020–2029 (USD Million)
Table 19 North America: Pharmaceutical Contract Packaging Market Size, by Country, 2020–2029 (USD Million)
Table 20 North America: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 21 North America: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 22 North America: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 23 U.S.: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 24 U.S.: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 25 U.S.: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 26 Canada: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 27 Canada: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 28 Canada: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 29 U.S.: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 30 Europe: Pharmaceutical Contract Packaging Market Size, by Country/Region, 2020–2029 (USD Million)
Table 31 Europe: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 32 Europe: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 33 Europe: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 34 Germany: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 35 Germany: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 36 Germany: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 37 France: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 38 France: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 39 France: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 40 U.K.: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 41 U.K.: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 42 U.K.: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 43 Italy: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 44 Italy: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 45 Italy: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 46 Spain: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 47 Spain: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 48 Spain: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 49 RoE: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 50 RoE: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 51 RoE: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 52 Asia-Pacific: Pharmaceutical Contract Packaging Market Size, by Country/Region, 2022–2029 (USD Million)
Table 53 Asia-Pacific: Pharmaceutical Contract Primary Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 54 Asia-Pacific: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 55 Asia-Pacific: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 56 Japan: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 57 Japan: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 58 Japan: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 59 China: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 60 China: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million
Table 61 China: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 62 India: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 63 India: Pharmaceutical Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 64 India: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 65 RoAPAC: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 66 RoAPAC: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 67 RoAPAC: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 68 Latin America: Pharmaceutical Contract Packaging Market Size, by Country/Region, 2020–2029 (USD Million)
Table 69 Latin America: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 70 Latin America: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 71 Latin America: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 72 Brazil: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 73 Brazil: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 74 Brazil: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 75 Mexico: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 76 Mexico: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 77 Mexico: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 78 RoLATAM: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 79 RoLATAM: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 80 RoLATAM: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 81 Middle East & Africa: Pharmaceutical Contract Packaging Market Size, by Service, 2020–2029 (USD Million)
Table 82 Middle East & Africa: Pharmaceutical Contract Primary Packaging Market Size, by Type, 2020–2029 (USD Million)
Table 83 Middle East & Africa: Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Table 84 Recent Developments, by Company, 2020–2022
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Source
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Size Estimation
Figure 7 Global Pharmaceutical Contract Packaging Market Size, by Service, 2022–2029 (USD Million)
Figure 8 Global Pharmaceutical Contract Packaging Market Size, by Material, 2020–2029 (USD Million)
Figure 9 Global Pharmaceutical Contract Packaging Market Size, by Geography
Figure 10 Market Dynamics: Pharmaceutical Contract Packaging Market
Figure 11 Global Pharmaceutical Contract Packaging Market Size, by Service, 2022–2029 (USD Million)
Figure 12 Global Pharmaceutical Contract Packaging Market Size, by Material 2022–2029 (USD Million)
Figure 13 Global Pharmaceutical Contract Packaging Market Size, by Region, 2022–2029 (USD Million)
Figure 14 North America: Pharmaceutical Contract Packaging Market Snapshot
Figure 15 Europe: Pharmaceutical Contract Packaging Market Snapshot
Figure 16 Asia-Pacific: Pharmaceutical Contract Packaging Market Snapshot
Figure 17 Latin America: Pharmaceutical Contract Packaging Market Snapshot
Figure 18 Key Growth Strategies Adopted, by Leading Players, 2020–2022
Figure 19 Global Pharmaceutical Contract Packaging Market: Competitive Benchmarking Based on Service Type
Figure 20 Global Pharmaceutical Contract Packaging Market: Competitive Benchmarking Based on Geography
Figure 21 Daito Pharmaceutical Co., Ltd.: Financial Overview (2021)
Figure 22 WestRock Company: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2024
