The Pharmaceutical Packaging Market is expected to reach a value of USD 127,842.6 million in 2023 and increase at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2033, when it is expected to reach USD 283,877.6 million.
Market End-User Analysis
Approximately half of the pharmaceutical packaging market is accounted for by the largest end-user category, which is pharma manufacturing. This is due to the fact that producers of pharmaceuticals must package their goods to guarantee its efficacy and safety throughout storage and transit. Pharma producers must also package their goods in a way that conforms with all laws that may be in force.
The market for pharmaceutical packaging is seeing growth in the contract packaging sector. Primary, secondary, and tertiary packaging are among the packaging services offered by contract packagers to pharmaceutical businesses. Pharmaceutical firms may increase productivity and cut expenses by working with contract packagers.
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Key Findings From Pharmaceutical Packaging Market Consumer Surveys Conducted:
- According to 70% of customers, packaging matters when selecting a prescription drug.
- A study found that 65% of customers are prepared to pay more for medicinal products that are packed sustainably.
- Sixty percent of customers report having trouble opening prescription packaging.
- Fifty-five percent of customers said that since the package was difficult to open, they had to throw away medication that was not needed.
- What worries consumers the most about the pharmaceutical packaging business is its efficacy and safety. When taking their prescription, people want to know that it is safe from contamination and that it will work as intended. Easy-to-open and use packaging is also highly valued by consumers. They want to not have to battle to get their medication swiftly and efficiently to remove the wrapping.
- There is a growing interest among consumers in environmentally friendly packaging options. They seek assurances that the packaging for their pharmaceuticals is environmentally friendly, recyclable, or biodegradable.
There are many small and medium-sized businesses participating in the highly fragmented pharmaceutical packaging sector. Several smaller firms hold the remaining market share, with the top 10 companies holding around 50–60% of the total market share.
The worldwide overview of the Pharmaceutical Packaging Market study includes market shares, size, revenue, demand, trends, statistics, and growth potential by major companies, geographical areas, and nations. This research provides a thorough market analysis covering the previous, current, and projected periods up to 2033, aiding in the identification of potential future possibilities, risk factors, and growth areas. The report provides a concise strategy for market growth over the forecast period by highlighting current advancements, technical innovations, market impacting variables, demographic study, demand, and supply chain. Additionally, it provides thorough explanations of PESTLE and SWOT analysis based on regional and industry segmentations.
Market Segmental Analysis
By Material
Plastics & Polymers
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Homo
Random
Polyethylene Terephthalate (PET)
Polyethylene (PE)
HDPE
LDPE
LLDPE
Polystyrene (PS)
Others
Paper & Paperboard
Glass
Aluminium Foil
Others
By Product
Primary
Plastic Bottles
Caps & Closures
Parenteral Containers
Syringes
Vials & Ampoules
Others
Blister Packs
Prefillable Inhalers
Pouches
Medication Tubes
Others
Secondary
Prescription Containers
Pharmaceutical Packaging Accessories
Tertiary
By End-User
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
Market Competitive Outlook
Amcor Plc, Aptargroup, Inc., Becton, Dickinson and Company, Berry Global Inc., Catalent, Inc., CCL Industries, Inc., Comar, LLC, Drug Plastics Group, Gerresheimer AG, International Paper, Nipro Corporation, Owens Illinois Inc., Schott AG, Silgan Holdings Inc., Stevanato Group, Vetter Pharma International, West Pharmaceutical Services, Inc., and Westrock Company among others
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
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Frequently Asked Questions
- What is the Global Pharmaceutical Packaging market value?
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