CHICAGO, Dec. 7, 2022 /PRNewswire/ -- According to Arizton's latest research report, the pharmaceutical packaging market will grow at a CAGR of 4.65% from 2021-2027. Growing demand for pharmaceuticals, increasing demand for primary pharmaceutical packaging, and rising demand for flexible packaging are the key factors driving the global pharmaceutical packaging market.
The demand for advanced and innovative solutions, such as self-administered drug delivery devices, is rising in high-income countries, bringing lucrative opportunities for the pharmaceutical packaging market. In addition, diseases like the COVID-19 pandemic, various flu strains, and monkeypox have become more prevalent recently. Rising healthcare costs and consumer awareness of healthier lifestyles drive the pharmaceutical packaging industry.
Pharmaceutical Packaging Market Report Scope
Report Attributes | Details |
Market Size (2027) | USD 106.37 Billion |
Market Size (2021) | USD 81 Billion |
CAGR (2021-2027) | 4.65 % |
Base Year | 2021 |
Forecast Year | 2022-2027 |
Market Segments | Type, Material, End-User, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
Key Countries | US, Canada, Germany, Italy, Spain, France, UK, Japan, China, South Korea, India, Australia, Brazil, Mexico, Argentina, Turkey, Saudi Arabia, and South Africa |
Key Leading Companies | Amcor, Aptar Group, Berry Global, Gerresheimer, WestRock, ACG, Airnov, AVI Global Plast, BD, Bilcare, Borosil, CCL Industries, Coesia, Drug Plastics Group, DWK Life Sciences, LOG, Meghmani Group, Neelam Global, Nolato, Nemera, PolyCine, RENOLIT, Schur Flexibles Holding, Specialty Polyfilms, SGD Pharma, SCHOTT, Sippex IV bags, SUPER OLEFINS, West Pharmaceutical Services, and Wihuri Group |
Page Number | 335 |
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The rise in demand for drug delivery devices, innovative packaging options, and the use of non-traditional administration routes such as transdermal, nasal, rectal, IV and biologics have contributed to the market growth in recent years. Also, the growing preference for unit dose packaging propels the market's growth. The primary packaging segment accounts for the highest revenue share, followed by the blister packaging segment, which is gradually gaining popularity in the market. It is used for drug packaging as a unit-dose packaging system. This packaging requires fewer resources to manufacture, offers compact packaging, has a greater shelf life, and offers better product visibility, easy handling, and availability at a lower cost than rigid bottles and bags. The rise in OTC medicine sales and high levels of product safety from contaminants, such as oxygen and moisture, is also the key factor swelling the demand for pharmaceutical packaging.
Anti-counterfeit packaging is used in OTC medicines and prescription drug packaging. The rise in demand for OTC pharmaceutical products supplied through the Internet has resulted in a surge in counterfeiting worldwide. The application of nanotechnology in pharmaceutical packaging has enabled pharmaceutical companies to tackle pharmaceutical counterfeiting and prevent products from being distributed outside their intended market. Many companies have developed nanotechnology methods as part of anti-counterfeiting technologies in pharmaceutical packaging. Many vendors have leveraged nanotechnology as a part of their authentication and anti-counterfeiting technologies for pharmaceutical packaging. For instance, NanoInk has patented a Dip Pen Nanolithography technique that applies drug information directly onto pills. Similarly, Nanonics Imaging uses similar technology for its Fountain Pen Nanolithography Multiprobe system.
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Active Mergers and Acquisitions Playing A Key Role in Smooth Functioning
- In February 2018, Berry Global acquired Clopay Plastic Products Company for a purchase price of USD 475 million.
- Berry Global completed the acquisition of RPC Group in July 2019. RPC Group is one of the global leaders in plastics conversion for packaging and non-packaging markets.
- On June 11, 2019, Amcor acquired Bemis Company, a global manufacturer of flexible packaging products. Its flexible segment develops and supplies flexible packaging globally. In FY2021, the Flexible segment accounted for approximately 78% of Amcor's net sales.
- In November 2021, Gerresheimer acquired the Intellectual Property (IP) of a new generation cartridge-based autoinjector suitable for small and large molecules, enhancing its broad portfolio, medical devices, and primary packaging from Midas Pharma. Midas Pharma is a Germany-based pharmaceutical company.
Driving Factors in the Global Pharmaceutical Packaging Market
- Rising pharmaceutical industry across the globe
- A surge in demand for flexible packaging
- Rising demand for biological products and emerging treatments such as cell and gene therapies.
Impact of Advances in Packaging Materials
Pharmaceutical packaging is witnessing constant advances with innovations in packaging material. Currently, smart packaging technology is increasingly being implemented in the global pharmaceutical sector. Recent pharmaceutical regulations require the digitalization of pharmaceutical packaging to fight counterfeiting. Thus, the pharmaceutical industries use serialization, bar codes printing, and holograms to meet the requirements or regulations. Hence, numerous ongoing advances in pharmaceutical packaging have contributed to developing smart packaging solutions to overcome medication errors, sustainability, improved manufacturing efficacy, and child safety challenges.
Moreover, the pharmaceutical industry expects to witness an increase in the adoption of nano-optimized products. For example, antimicrobial pharmaceutical packaging, recycling packaging waste and producing anodes for lithium batteries using polystyrene packaging chips.
Vendors' Activities in the Pharmaceutical Packaging Market Include:
- Expansion activities are helping the vendors to improve their global distribution networks, allowing the players to explore untapped opportunities.
- Large-scale investments and funding in the pharmaceutical packaging market are seen through varied conglomerates and investment firms.
Key Vendors
- Amcor
- Aptar Group
- Berry Global
- Gerresheimer
- WestRock
- ACG
- Airnov
- AVI Global Plast
- BD
- Bilcare
- Borosil
- CCL Industries
- Coesia
- Drug Plastics Group
- DWK Life Sciences
- LOG
- Meghmani Group
- Neelam Global
- Nolato
- Nemera
- PolyCine
- RENOLIT
- Schur Flexibles Holding
- Specialty Polyfilms
- SGD Pharma
- SCHOTT
- Sippex IV bags
- SUPER OLEFINS
- West Pharmaceutical Services
- Wihuri Group
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Market Segmentation
Type
- Primary
- Blister Packs
- Bottles
- Vials
- Ampoules
- Others
- Secondary
- Tertiary
Material
- Paper
- Glass
- Plastic
- Others
End-User
- Pharmaceutical Companies
- CMO/ CDMO
- Plastic
Geography
- North America
- US
- Canada
- Europe
- Germany
- Italy
- Spain
- France
- UK
- APAC
- Japan
- China
- South Korea
- India
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- South Africa
Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY TYPE
4.3.2 MARKET SEGMENTATION BY MATERIAL
4.3.3 MARKET SEGMENTATION BY END-USER
4.3.4 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 OVERVIEW
8 PREMIUM INSIGHTS
8.1 MARKET SCENARIO
9 MARKET OPPORTUNITIES & TRENDS
9.1 INCREASE IN FOCUS ON ECO-FRIENDLY PACKAGING
9.2 IMPLEMENTATION OF NANOTECHNOLOGY IN PHARMACEUTICAL PACKAGING
9.3 ADVANCES IN PACKAGING MATERIALS
10 MARKET GROWTH ENABLERS
10.1 RISE IN DEMAND FOR PHARMACEUTICALS
10.2 HIGH DEMAND FOR PRIMARY PHARMACEUTICAL PACKAGING
10.3 SURGE IN DEMAND FOR FLEXIBLE PACKAGING
11 MARKET RESTRAINTS
11.1 SURGE IN HOME DELIVERY OF PHARMACEUTICAL PRODUCTS
11.2 STRINGENT REGULATORY STANDARDS
11.3 VOLATILITY IN RAW MATERIAL PRICES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.2.1 INSIGHT BY TYPE
12.2.2 INSIGHT BY MATERIAL
12.2.3 INSIGHT BY END USER
12.2.4 INSIGHT BY GEOGRAPHY
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 TYPE
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 PRIMARY
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 BLISTER PACKS
13.3.4 MARKET SIZE & FORECAST
13.3.5 BOTTLES
13.3.6 MARKET SIZE & FORECAST
13.3.7 VIALS
13.3.8 MARKET SIZE & FORECAST
13.3.9 AMPOULES
13.3.10 MARKET SIZE & FORECAST
13.3.11 OTHERS
13.3.12 MARKET SIZE & FORECAST
13.3.13 MARKET BY GEOGRAPHY
13.4 SECONDARY
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 TERTIARY
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
14 MATERIAL
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 PAPER
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 GLASS
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 PLASTIC
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
14.6 OTHERS
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.6.3 MARKET BY GEOGRAPHY
15 END USER
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 PHARMACEUTICAL COMPANIES
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY GEOGRAPHY
15.4 CMOS/CDMOS
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY GEOGRAPHY
15.5 OTHERS
15.5.1 MARKET OVERVIEW
15.5.2 MARKET SIZE & FORECAST
15.5.3 MARKET BY GEOGRAPHY
16 GEOGRAPHY
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 GEOGRAPHIC OVERVIEW
17 NORTH AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 NORTH AMERICA: TYPE
17.4 NORTH AMERICA: MATERIAL
17.5 NORTH AMERICA: END USER
17.6 KEY COUNTRIES
17.6.1 US: MARKET SIZE & FORECAST
17.6.2 CANADA: MARKET SIZE & FORECAST
18 EUROPE
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 EUROPE: TYPE
18.4 EUROPE: MATERIAL
18.5 EUROPE: END USER
18.6 KEY COUNTRIES
18.6.1 GERMANY: MARKET SIZE & FORECAST
18.6.2 UK: MARKET SIZE & FORECAST
18.6.3 FRANCE: MARKET SIZE & FORECAST
18.6.4 ITALY: MARKET SIZE & FORECAST
18.6.5 SPAIN: MARKET SIZE & FORECAST
19 APAC
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 APAC: TYPE
19.4 APAC: MATERIAL
19.5 APAC: END USER
19.6 KEY COUNTRIES
19.6.1 CHINA: MARKET SIZE & FORECAST
19.6.2 JAPAN: MARKET SIZE & FORECAST
19.6.3 SOUTH KOREA: MARKET SIZE & FORECAST
19.6.4 INDIA: MARKET SIZE & FORECAST
19.6.5 AUSTRALIA: MARKET SIZE & FORECAST
20 LATIN AMERICA
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 LATIN AMERICA: TYPE
20.4 LATIN AMERICA: MATERIAL
20.5 LATIN AMERICA: END USER
20.6 KEY COUNTRIES
20.6.1 BRAZIL: MARKET SIZE & FORECAST
20.6.2 MEXICO: MARKET SIZE & FORECAST
20.6.3 ARGENTINA: MARKET SIZE & FORECAST
21 MIDDLE EAST & AFRICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 MIDDLE EAST & AFRICA: TYPE
21.4 MIDDLE EAST & AFRICA: MATERIAL
21.5 MIDDLE EAST & AFRICA: END USER
21.6 KEY COUNTRIES
21.6.1 TURKEY: MARKET SIZE & FORECAST
21.6.2 SAUDI ARABIA: MARKET SIZE & FORECAST
21.6.3 SOUTH AFRICA: MARKET SIZE & FORECAST
22 COMPETITIVE LANDSCAPE
22.1 COMPETITION OVERVIEW
22.2 MARKET SHARE ANALYSIS
22.2.1 AMCOR
22.2.2 APTARGROUP
22.2.3 BERRY GLOBAL
22.2.4 GERRESHEIMER
22.2.5 WESTROCK
23 KEY COMPANY PROFILES
23.1 AMCOR
23.1.1 BUSINESS OVERVIEW
23.1.2 PRODUCT OFFERINGS
23.1.3 KEY STRATEGIES
23.1.4 KEY STRENGTHS
23.1.5 KEY OPPORTUNITIES
23.2 APTARGROUP
23.3 BERRY GLOBAL
23.4 GERRESHEIMER
23.5 WESTROCK
24 OTHER PROMINENT VENDORS
24.1 ACG
24.1.1 BUSINESS OVERVIEW
24.1.2 PRODUCT OFFERINGS
24.2 AIRNOV
24.3 AVI GLOBAL PLAST
24.4 BD
24.5 BILCARE
24.6 BOROSIL
24.7 CCL INDUSTRIES
24.8 COESIA
24.9 DRUG PLASTICS GROUP
24.10 DWK LIFE SCIENCES
24.11 LOG
24.12 MEGHMANI GROUP
24.13 NEELAM GLOBAL
24.14 NOLATO
24.15 NEMERA
24.16 POLYCINE
24.17 RENOLIT
24.18 SCHUR FLEXIBLES HOLDING
24.19 SPECIALTY POLYFILMS
24.20 SGD PHARMA
24.21 SCHOTT
24.22 SIPPEX IV BAGS
24.23 SUPER OLEFINS
24.24 WEST PHARMACEUTICAL SERVICES
24.25 WIHURI GROUP
25 REPORT SUMMARY
25.1 KEY TAKEAWAYS
25.2 STRATEGIC RECOMMENDATIONS
26 QUANTITATIVE SUMMARY
26.1 MARKET BY GEOGRAPHY
26.2 MARKET BY TYPE
26.3 MARKET BY TYPE (PRIMARY)
26.4 MARKET BY MATERIAL
26.5 MARKET BY END-USER
26.6 NORTH AMERICA BY TYPE
26.7 NORTH AMERICA BY TYPE (PRIMARY)
26.8 NORTH AMERICA BY MATERIAL
26.9 NORTH AMERICA BY END USER
26.10 EUROPE BY TYPE
26.11 EUROPE BY TYPE (PRIMARY)
26.12 EUROPE BY MATERIAL
26.13 EUROPE BY END-USER
26.14 APAC BY TYPE
26.15 APAC BY TYPE (PRIMARY)
26.16 APAC BY MATERIAL
26.17 APAC BY END-USER
26.18 LATIN AMERICA BY TYPE
26.19 LATIN AMERICA BY TYPE (PRIMARY)
26.20 LATIN AMERICA BY MATERIAL
26.21 LATIN AMERICA BY END USER
26.22 MIDDLE EAST & AFRICA BY TYPE
26.23 MIDDLE EAST & AFRICA BY TYPE (PRIMARY)
26.24 MIDDLE EAST & AFRICA BY MATERIAL
26.25 MIDDLE EAST & AFRICA BY END USER
27 APPENDIX
27.1 ABBREVIATIONS
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