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Global Pharmaceutical Packaging Market to Reach US$ 464.4 Billion By 2031 | Astute Analytica

By Globenewswire February 7, 2025 • 8:45 pm

Pharmaceutical packaging market growth is propelled by its critical role in dosing, dispensing, and administering pharmaceutical products.

New Delhi, Feb. 07, 2025 (GLOBE NEWSWIRE) — The global pharmaceutical packaging market valuation is poised to reach US$ 464.4 billion by 2031, with a CAGR of 14.8% during the forecast period.

Packaging is a vital component of the pharmaceutical industry, as it plays a crucial role in dispensing, dosing, and administering pharmaceutical products. The majority of medications, about 51%, are orally consumed in the form of tablets or capsules, which are typically packaged in blister packs or plastic pharmaceutical bottles. Other forms of oral medication intake include powders, pastilles, and liquids.

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The pharmaceutical industry is undergoing strong growth in developing nations, which is significantly pushing the expansion of the pharmaceutical packaging market. Emerging economies such as India, Brazil, Russia, and China (commonly referred to as BRIC nations) are expected to play a key role in this growth. These countries are seeing augmented healthcare spending, the growth in the number of hospitals and healthcare facilities, and the rising demand for advanced pharmaceutical products. This trend is further supported by the rapid urbanization and growing middle-class populations in these regions, which are contributing to higher consumption of pharmaceutical products. In contrast, developed regions such as North America and Europe continue to dominate the global pharmaceutical market in terms of revenue. North America accounted for 48.7% of global pharmaceutical sales in 2022, highlighting its leadership in the industry. Europe followed with a 22.9% share, reflecting its strong pharmaceutical manufacturing base and advanced healthcare infrastructure.

However, while these regions keep a significant share of the market, the faster growth rates in emerging economies are reshaping the global pharmaceutical terrain. The pharmaceutical packaging market, closely tied to the growth of the pharmaceutical industry, is estimated to expand substantially in the coming years. For instance, the global pharmaceutical packaging market size is expected to grow from US$ 110.55 billion in 2024 to US$ 176.94 billion by 2032, at a growth rate of 6.06%. This growth is pushed by factors such as the growing adoption of innovative packaging solutions, rising awareness of counterfeiting issues, and strict regulatory requirements for safe and effective drug delivery.

Also, the institutional pharmacy segment, which includes hospitals and nursing homes, is anticipated to profit from the growing healthcare spending and the rising demand for pharmaceutical products. China, in particular, is emerging as a key player in the pharmaceutical packaging market, delivering faster growth opportunities compared to more mature markets like Japan, the US, and Western Europe. Similarly, India and Brazil are growing into fast-growing markets, boosted by their expanding pharmaceutical industries and growing investments in healthcare infrastructure. These trends underscore the shifting dynamics of the global pharmaceutical and packaging markets, with emerging economies playing an increasingly influential role.

Increasing Demand for Sustainable Packaging Solutions

With increasing environmental concerns and boosted awareness about sustainability, the pharmaceutical industry is seeing a substantial change toward eco-friendly packaging solutions. This trend is forced by a combination of factors, including stricter government regulations aimed at reducing plastic waste, growing consumer preferences for environmentally responsible products, and the industry’s dedication to minimizing its carbon footprint. As a result, there is a growing demand for packaging materials that are biodegradable, recyclable, and compostable.

Pharmaceutical companies are increasingly adopting creative solutions to fulfill these demands. Biodegradable plastic packaging, for instance, is gaining traction as it delivers the dual advantage of lowering environmental impact while maintaining the safety and reliability needed for pharmaceutical products. Similarly, recycled paper packaging is being used to replace conventional materials, offering a sustainable option that aligns with consumer expectations. Reusable packaging is also emerging as a viable alternative, particularly for products that need multiple uses or long-term storage.

The push for sustainable packaging is not only a response to consumer demand but also a necessity to comply with strict environmental regulations. Governments worldwide are enforcing policies to curb plastic waste and promote the use of sustainable materials. For instance, many countries are setting ambitious targets to phase out single-use plastics and encourage the adoption of eco-friendly options by 2030. These regulations are compelling pharmaceutical manufacturers to rethink their packaging strategies and invest in sustainable innovations.

Moreover, the change toward sustainable packaging is part of a broader movement within the pharmaceutical industry to adopt environmental stewardship. Companies are recognizing the significance of lowering their ecological footprint and are actively exploring ways to combine sustainability into their functions. This includes the use of post-consumer recycled (PCR) materials, which are derived from previously utilized plastics and deliver a circular approach to packaging. PCR materials not only lower reliance on virgin resources but also help address the increasing issue of plastic pollution.

As sustainability becomes a central emphasis for both manufacturers and consumers, the pharmaceutical packaging market is experiencing a paradigm change. The adoption of eco-friendly packaging solutions is anticipated to accelerate in the coming years, propelled by advancements in material science, augmented investment in green technologies, and a collective commitment to protecting the environment. This transformation highlights the industry’s role in promoting sustainable development while ensuring the safety and efficacy of its products.

Plastic Packaging Leads Global Pharmaceutical Market, Driving Versatility and Cost-Effectiveness

Based on products in the global pharmaceutical packaging market, plastic is predicted to be the most lucrative packaging type and generate 36% of the market revenue. Plastic packaging has several benefits over other packaging types, including its flexibility, durability, and cost-effectiveness. Also, plastic packaging can be easily molded into different shapes and sizes to fulfill the unique needs of pharmaceutical products, making it a versatile packaging solution.

Plastic packaging is utilized for a broad range of pharmaceutical products, such as capsules, syringes, tablets, and inhalers. It is also utilized for liquid medications such as solutions, syrups, and suspensions. The growing demand for plastic packaging can be attributed to several factors, including the increasing use of pre-fillable syringes, the requirement for child-resistant and tamper-evident packaging, and the rising prevalence of chronic diseases, which is boosting the demand for pharmaceutical products.

Key Players

  • Amcor
  • AptarGroup, Inc.
  • Becton, Dickinson, and Company
  • Berry Global, Inc.
  • Catalent (US)
  • CCL Industries, Inc.
  • Comar, LLC
  • Drug Plastics Group
  • Gerresheimer AG
  • International Paper
  • Owens Illinois, Inc.
  • Schott AG
  • SGD Pharma
  • Vetter Pharma International
  • West Pharmaceutical Services, Inc.
  • WestRock Company
  • Other Prominent Players

Key Segmentation:

By Packaging Type

  • Primary
  • Secondary
  • Tertiary

By Product

  • Cardboard
    • Boxes
    • Cartons
    • Display Unit
  • Paper
    • Label
    • Leaflet
    • Glass
  • Ampoules
    • Bottles
    • Vials
    • Syringes
    • Cartridges
  • Plastic
    • Closure
    • Bottles
    • Bags
    • Tubes
    • Injection Trays
    • Laminates with paper or foil
  • Metal
    • Collapsible tubes
    • Rigid cans
    • Foils
    • Pressurized containers
  • Rubber

By Application

  • Oral Drugs
  • Injectable
  • Topical
  • Ocular/ Ophthalmic
  • Nasal
  • Sublingual
  • Pulmonary
  • Transdermal
  • IV Drugs
  • Others

By Prescription Type

  • Prescription
    • Branded drugs
    • Generic drugs
  • OTC
    • Branded drugs
    • Generic drugs

By End-Use

  • Pharma Manufacturing
  • Contract Packaging
  • Retail Pharmacy
  • Institutional Pharmacy

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • South America

For more information about this report visit: https://www.astuteanalytica.com/industry-report/pharmaceutical-packaging-market

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