Pharmaceutical Packaging Industry Data Book - Plastic Pharmaceutical Packaging, Parenteral Containers, Primary Pharmaceutical Packaging and Pharmaceutical Contract Packaging Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Pharmaceutical Packaging Industry was valued at USD 117,007.3 million in 2021 and is anticipated to increase at a significant CAGR from 2022 to 2030.           

Grand View Research’s pharmaceutical packaging industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Plastic Pharmaceutical Packaging Market Insights

The global Plastic Pharmaceutical Packaging Market size was valued at USD 43,377.7 million in 2021 and it is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. Plastic is light in weight, easy to mold, and considerably cheaper than metal and glass. Therefore, end-use companies majorly prefer plastic-based packaging products. Increasing demand for convenience, lightweight, and travel-friendly packaged pharmaceutical products from this industry is expected to augment the growth of the plastic & polymers material segment in the coming years.

Polypropylene (PP) accounted for the largest share in the plastic & polymers material segment in 2022. Polypropylene is considered an economical material as it offers a combination of mechanical, physical, electrical, and thermal characteristics that are not found in any other thermoplastic. When compared to high or low-density polyethylene, polypropylene exhibits a higher working temperature and tensile strength.

PET accounted for the second-largest share in the plastic & polymers segment in 2020 and is expected to witness significant growth over the forecast period. PET is used for the packaging of liquid oral drug formulations and is the most used and globally accepted form of plastic for the packaging of pediatric and geriatric drugs. This is attributed to its transparency, robustness, low cost, and lightweight.

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Primary Pharmaceutical Packaging Market Insights

The global Primary Pharmaceutical Packaging Market size was valued at USD 88,504.2 million in 2021 and is projected to grow a CAGR of 9.7% from 2022 to 2030. The Primary packaging first envelopes the drug and protects it from contamination. Along with protection, primary packaging used in this industry is often involved in dispensing and dosing drug contents. Labels containing information regarding drug use, caution, and others are often printed or attached to primary packaging products such as bottles, pouches, tubes, vials, blister packs, and others.

Primary pharmaceutical packaging is expected to emerge as the largest segment over the forecast period. This can be contributed to factors such as minimal product-package interaction, protection of quality, and enhanced performance at point-of-use. In addition, ease-of-use for the patient is a major driving factor for the primary packaging segment on account of the increasing trend of self-medication. Further, the complex needs of the rapidly growing biologics market are spurring developments in parenteral packaging.

Key companies operating in the primary this market includes Amcor plc, Becton, Dickinson and Company, AptarGroup, Inc., Drug Plastics Group, Gerresheimer AG, Schott AG, Owens Illinois Inc., SGD Pharma, West Pharmaceutical Services, Inc., Berry Global Inc., WestRock Company, Comar, LLC, and Vetter Pharma International.

Go through the table of content of Pharmaceutical Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study

Pharmaceutical Packaging Industry Data Book Competitive Landscape

The global pharmaceutical packaging market is highly fragmented with the presence of large and medium-sized international companies as well as small-sized domestic players. The global market is steadily moving toward sustainable packaging owing to rising stringent regulations regarding the use of excessive plastic packaging coupled with growing sustainability awareness among consumers.

Key players operating in the Pharmaceutical Packaging Industry are:

• Amcor plc
• Becton, Dickinson and Company
• AptarGroup, Inc.,
• Drug Plastics Group
• Gerresheimer AG

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

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