Pharmaceutical Packaging Market Analysis Report By Material, By Product, By End Use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global pharmaceutical packaging market was prized by USD 107.0 billion in 2020. It is estimated to witness a 9.4% CAGR from 2021 to 2028.

Drivers

Increasing infiltration of retail pharmacies in emergent regions along with an increasing concentration on the enrichment of brand name plus discrimination of the product by the pharmaceutical manufacturing companies are the factors, expected to impel the enlargement of the market for pharmaceutical packaging.

The rising occurrence of chronic sicknesses, owing to the fluctuations in sleep cycles, altering everyday life and ingestion habits, are adding to an augmented necessity for the medicines. Besides, the spotlight of the diverse governments, on increasing healthcare amenities along with the insurance exposure is, additionally, intensifying the demand for pharmaceuticals. Sequentially, this is increasing the expansion of the market.

Effect of Covid-19

The topmost pharmaceutical, as well as biotechnology companies, are busy in the improvement of vaccines for the Covid-19 disease, after the eruption of the pandemic in December 2019. Due to the enlarged manufacture of Covid-19 vaccine by the companies, together with Moderna, Pfizer, GlaxoSmithKline plc (GSK), Johnson & Johnson, AstraZeneca, and others. The gigantic spike in the demand for glass-based vials was experienced, in 2020. The demand is expected to amplify more in 2021, using escalating figures of orders for the vaccines, from various nations, all over the world.

Product Insight

In 2020, the primary product section held the biggest, more than 75.3% revenue share of the pharmaceutical packaging market. It is expected to hold on to its principal place, during the forecast period. Primary packaging, like blister packs, bottles, or tubes, openly comes in touch with the medicine and in that way covers the medicine and guards it against contagion.

Secondary pharmaceutical packaging is a successive jacket or parcel that stores a number of a grouping of pharmaceutical packages, jointly and shielding the packages from the exterior impact. Mainly, the secondary packaging is utilized for brand name and show. It performs a crucial job in the advertising policy for the product, as well as logistics, in which assemblage of several products jointly present easiness of handling.

Tertiary packaging is utilized for packing or wrapping the group of products. The packaging is employed for the smooth transport as well as secure management of the goods. Several patterns of tertiary packaging comprise plastic bags, brown cardboard boxes, and shrink-wraps. The rising inclination of e-pharmacy is anticipated to additionally augment the acceptance of tertiary packaging within the market for the period of the forecast.

Material Insight

The plastics & polymers section detained the maximum 37.1% revenue share of the pharmaceutical packaging market, in 2020.  A diverse category of plastic resins together with bioplastics, PVC, PET, PS, PP, and PE are extensively utilized for making pharmaceutical blister packs, cartridges, pouches, closures, tubes, sachets, syringes, vials, and bottles. In the plastics & polymers material section, polypropylene (PP) held the major revenue share, in 2020. Since; it presents a mixture of advantageous possessions, like thermal, physical, electrical, and mechanical, uniqueness.

Mainly, paper & paperboard are utilized in the less important and tertiary wrapping of pharmaceutical products. Sustainability, low down price, extensive availability plus the exceptional ability for the printings, such type of possessions of paper & paperboard, create them profitable secondary and tertiary packaging alternative.

Glass offers resistance to bacteria, dampness, odors, and gases. Hence, it is extensively utilized in the packing of semisolid and liquid pharmaceutical formulations. Glass is utilized for the making of syringes, syrup bottles, cartridges; injectable vials plus additional products.

One more frequently utilized material for pharmaceutical packaging is Aluminum. Because of its solid blockade as well as easy-to-tear possessions, it is utilized like lid ding stuff in blister packs.

The additional material division mainly comprises cotton and rubber. Several categories of rubber together with silicone, chlorobutyl, nitrile, natural, bromobutyl, butyl, and, neoprene are utilized in pharmaceutical packaging to manufacturing bulbs for dropper assemblies, closures, and cap liners. Largely, the rubber stopper is utilized for disposable syringes and multiple-dose vials.

End-Use Insight

Pharma manufacturing is an important end-use sector. It held the maximum 50.2% share of the pharmaceutical packaging market, in 2020. It is estimated to observe solid development, during the forecast period. This is credited to the escalating demand for medicines.

The elderly residents need extra medicinal support, in that way powering the actions of pharmaceutical manufacturing. Sequentially, this is expected to increase the requirement for pharmaceutical packaging.

The companies operating in the pharmaceutical business have augmented the outsourcing of the packaging actions, to save their time as well as operating costs. In place of spending on packaging products, manufacturing companies are subcontracting packaging processes to the specific and extremely competent service providers, to guarantee well-organized packaging. This is anticipated to move forward the demand for contract manufacturing.

Retail pharmacies are, progressively more, integrating branding actions on their coverage to distinguish them from others. Paper pouches, as well as polybags, are the frequently utilized packing products, by these retail pharmacies.

The pharmaceutical stores working inside the organizations like assisted living communities, medical hospitals, and nursing care facilities, are known as institutional pharmacies. The rising number of nursing homes and hospitals plus increasing healthcare expenditure is expected to contain an optimistic influence on the institutional pharmacy end-use sector.

Regional Insight

In 2020, North America held a 37.1% revenue share and led the global pharmaceutical packaging market. In which the pharmaceutical manufacturing companies, those have internal manufacture, was the biggest end-user section, within the region.

Asia Pacific is estimated to record the highest, above 12.0% CAGR, during the forecast period. Rising alertness regarding the fitness between the clients in the Asia Pacific, particularly in budding nations together with India and China, accompanied by the increasing stages of disposable income, is expected to increase the enlargement of the pharmaceutical manufacturing throughout the forecast period, sequentially increasing the demand for its packaging.

As a result of escalating old-age population, rising proposals by the government like Healthy China 2020, and the actions of contract-manufacturing, China led the Asia Pacific local market in 2020 and is expected to remain leading, during the approaching years.

Europe is anticipated to contain significant development due to the increasing research & development actions and presentation of new-fangled medication, intended for making better the physical condition of the patients as well as their class of life.

Companies

Due to the attendance of several companies, globally, the market is very much aggressive. Besides, the major companies are strengthening their place in the market, largely using the acquirement. This is increasing the competition, more.

The main companies openly contest with each other in assuring contracts from the large-scaled pharmaceutical manufacturing companies. As a result, highly aggressive competition, in the global market, is observed. The major companies are busy taking on the development policies like the development of new products and mergers & acquisitions, to increase their infiltration in the market.

Some of the companies for pharmaceutical packaging market are:

    • Vetter Pharma International
    • Comar, LLC
    • SGD Pharma
    • Berry Global, Inc.
    • Owens Illinois, Inc.
    • Gerresheimer AG
    • AptarGroup, Inc.
    • Amcor plc
    • CCL Industries, Inc.
    • International Paper
    • West Rock Company
    • West Pharmaceutical Services, Inc.
    • Schott AG
    • Drug Plastics Group
    • Becton, Dickinson, and Company

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Million Insights has segmented the global pharmaceutical packaging market report based on material, product, end-use, and region:

• Material Outlook(Revenue, USD Million, 2017 - 2028)
    • Plastics & Polymers
        • Polyvinyl Chloride (PVC)
        • Polypropylene (PP)
        • PET
        • PE
        • PS
        • Others
    • Paper & Paperboard
    • Glass
    • Aluminum Foil
    • Others

• Product Outlook(Revenue, USD Million, 2017 - 2028)
    • Primary
        • Plastic Bottles
        • Caps & Closures
        • Parenteral Containers
        • Blister Packs
        • Prefillable Inhalers
        • Pouches
        • Medication Tubes
        • Others
    • Secondary
        • Prescription Containers
        • Pharmaceutical Packaging Accessories
    • Tertiary

• End-use Outlook(Revenue, USD Million, 2017 - 2028)
    • Pharma Manufacturing
    • Contract Packaging
    • Retail Pharmacy
    • Institutional Pharmacy

• Regional Outlook(Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Turkey
    • The Asia Pacific
        • China
        • Japan
        • India
        • South Korea
    • Central & South America
        • Brazil
        • Argentina
    • Middle East & Africa (MEA)
        • Egypt