Global Pharmaceutical Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Raw Materials (Plastics, Glass, Paper And Paperboard, Metal Foils, Others), By Pharmaceutical Dosage Type (Liquid Dosage, Solid Dosage, Semi Solid And Pressurized Products), By Packaging Type (Blister Packs, Pre-Fillable Syringes, Medical Speciality Bags, Vials And Ampoules, Pouches And Strip Bags, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Nov 2022
  • Report Code : KSI061610047
  • Pages : 138

The global pharmaceutical packaging market is projected to grow at a CAGR of 4.95% to reach US$123.530 billion by 2027, from US$88.059 billion in 2020.

Pharmaceutical packaging is necessary for product containment and protection, as well as presentation and information about the dosage form, identification of the product's components, and ease of administration.

The growth of the pharmaceutical packaging market is driven by the increasing demand for drug delivery devices, technological advancements, and a reduction in the packaging cost with the advancement in technology. A rise in the demand for reusable and specialty packaging is also expected to bolster the market growth during the given time frame. Additionally, with the growing e-commerce and online purchasing trend worldwide, drugs also need robust packaging keeping in view the safety of the product. Hence, the growing e-commerce industry is also driving the growth of the global pharmaceutical packaging market in the forecast period and in the upcoming years. On the basis of geography, North America is expected to hold a major share owing to the early adoption of technology, and the highest health expenditure of the United States among all the developed regions of the world. While the Asia Pacific region is expected to be the fastest-growing, this is due to the growing pharmaceutical industry, especially in the emerging economies of India and China. Also, with the prevalence of chronic diseases in the APAC region, the market for pharmaceutical packaging is projected to thrive due to the increasing demand for drugs supported by effective treatment procedures. Furthermore, growing health awareness among individuals worldwide is expected to provide an opportunity for the market to grow at a sustainable pace in the upcoming years.

The growing geriatric population is driving the growth of the global pharmaceutical packaging market in the forecast period.

The elderly population is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050 (source: National Institutes of Health). With the growing advancements in the healthcare sector, the elderly population greatly benefits in order to stay healthy. This is due to the innovations in drug technology leading to the development of targeted therapies. Additionally, with the growing trend of healthy aging, individuals above the age of 65 years are keen to keep a check on their day-to-day activities. Hence, they are consuming the required medicines in order to maintain good health.
Therefore, the growing geriatric population worldwide is providing an opportunity for the market to thrive at a rapid pace in the forecast period.

North America is expected to hold a significant market share in the forecast period.

The global pharmaceutical packaging market is estimated to hold the largest market share owing to the highest health spending in the United States, healthcare services are very expensive, most of the people in the country have medical insurance, and the country does not have a universal healthcare system. Additionally, there is a rising trend in the United States where individuals are moving from volume-based to value-based care. A shift in the healthcare market dynamics is being observed which is further leading to better patient outcomes at lower costs. Changing demographics like an aging population, and a high prevalence of people with chronic diseases are further driving the growth of the pharmaceutical packaging market in the forecast period. With the high prevalence of diseases, patients look forward to effective treatments and this has led to advancements in technology and services providing consumers be in greater control of their own health management. Designing effective healthcare strategies according to the highly aware and curious citizens in addition to the unique healthcare system among the other developed regions has created a need for the provision of better health services emanating from the growth of the global pharmaceutical packaging market in this region during the forecast period.

Key Developments

  • Tjoapack LLC, a packaging organization serving the pharmaceutical industry based in the Netherlands acquired Pharma Packaging Solutions (PPS), a leading US-based healthcare packaging services business. Tjoapack announced the acquisition in October 2021. The acquisition has created an opportunity for Tjoapack to become a new global leader in packaging and supply chain solutions in the pharmaceutical market, claims the CEO of Tjoapack.
  • In April 2022, Amcor announced the launch of a more sustainable packaging portfolio for pharmaceuticals. The newly launched High Shield Pharma Laminates portfolio includes more sustainable pharmaceutical sachet, stick pack, and strip pack packaging. The portfolio demonstrates the company’s firm commitment to innovation in the healthcare industry.

COVID-19 Impact on Pharmaceutical Packaging Market

The pandemic had a resilient impact on the global pharmaceutical packaging market. The positive impact on pharmaceutical packaging can be retraced to the rising importance of packaging activities during the pandemic. Furthermore, the productivity of pharmaceutical companies had increased aiding the demand for vials, ampoules, pouches, containers, and many more. Consequently, the COVID-related medical dosage demand also surged with the rising COVID cases all over the world which further propelled the global pharmaceutical packaging market during the pandemic.

Global Pharmaceutical Packaging Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$88.059 billion
 Market Size Value in 2027  US$123.530 billion
 Growth Rate  CAGR of 4.95% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Raw Materials, Pharmaceutical Dosage Type, Packaging Type, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Amcor plc, CCL Industries, Gerresheimer AG, West Pharmaceutical Services, Inc., Precision Concepts International, Klöckner Pentaplast, SCHOTT AG, Aphena Pharma Solutions, Sonoco Products Company, Tjoapack LLC
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Raw Materials
    • Plastics and Polymers
    • Glass
    • Paper and Paperboard
    • Metal Foils
    • Others
  • By Pharmaceutical Dosage Type
    • Liquid Dosage
    • Solid Dosage
    • Semi Solid and Pressurized Products
  • By Packaging Type
    • Blister Packs
    • Pre-Fillable Syringes
    • Medical Specialty Bags
    • Vials and Ampoules
    • Pouches and Strip Bags
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • UAE
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Pharmaceutical Packaging Market was valued at US$88.059 billion in 2020.
The pharmaceutical packaging market is projected to grow at a CAGR of 4.95% over the forecast period.
The growing geriatric population is driving the pharmaceutical packaging market growth in the forecast period.
The global pharmaceutical packaging market is projected to reach US$123.530 billion by 2027.
North America is expected to hold a significant share of the pharmaceutical packaging market owing to the early adoption of technology, and the highest health expenditure of the United States among all the developed regions of the world.

1. Introduction

1.1. Market Introduction 

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. Research Methodology

2.1. Research Data

2.2. Assumptions

 

3. Executive Summary

3.1. Research Highlights

 

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters 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. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. Global Pharmaceutical Packaging Market Analysis, by Raw Materials

5.1. Introduction

5.2. Plastics and Polymers

5.3. Glass

5.4. Paper and Paperboard

5.5. Metal Foils

5.6. Others

 

6. Global Pharmaceutical Packaging Market Analysis, by Pharmaceutical Dosage Type

6.1. Introduction

6.2. Liquid Dosage

6.3. Solid Dosage

6.4. Semi Solid and Pressurized Products

6.5. Others

 

7. Global Pharmaceutical Packaging Market Analysis, by Packaging Type

7.1. Introduction

7.2. Blister Packs

7.3. Pre-Fillable Syringes

7.4. Medical Specialty Bags

7.5. Vials and Ampoules

7.6. Pouches and Strip Bags

7.7. Others

 

8. Global Pharmaceutical Packaging Market Analysis, by Geography

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. UK

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. UAE

8.5.2. Saudi Arabia

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia 

8.6.6. Others

 

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. Company Profiles

10.1. Amcor plc

10.2. CCL Industries

10.3. Gerresheimer AG

10.4. West Pharmaceutical Services, Inc.

10.5. Precision Concepts International

10.6. Klöckner Pentaplast

10.7. SCHOTT AG

10.8. Aphena Pharma Solutions

10.9. Sonoco Products Company

10.10. Tjoapack LLC.


Amcor plc

CCL Industries

Gerresheimer AG

West Pharmaceutical Services, Inc.

Precision Concepts International

Klöckner Pentaplast

SCHOTT AG

Aphena Pharma Solutions

Sonoco Products Company

Tjoapack LLC