The global market for Pharmaceutical Packaging is estimated at US$134.4 Billion in 2023 and is projected to reach US$232.7 Billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the pharmaceutical packaging market is driven by several factors including stringent regulatory requirements for the safety and quality of pharmaceutical products, which mandate the use of advanced packaging solutions. The advent of novel biochemical compounds and drug delivery systems along with innovations in pharmaceuticals like blow fill seal vials, prefilled syringes and powder applications are influencing the packaging market. The global market is bolstered by growth of the generic and OTC drugs market, advent of integrated, flexible and automated packaging equipment, and enforcement of stringent packaging regulations to discourage counterfeit products. Another factor driving the market growth is rising geriatric population and increasing incident of chronic conditions, The increasing global pharmaceutical production and the expansion of the healthcare sector, particularly in emerging markets, also significantly contribute to market expansion. Technological innovations, such as the development of anti-counterfeit measures and condition-sensitive packaging, are vital in addressing the concerns about drug safety and efficacy. Additionally, the rising prevalence of chronic diseases has led to an increase in the demand for pharmaceuticals that require specialized packaging solutions to ensure stability and dosing accuracy.
The growth in the pharmaceutical packaging market is driven by several factors including stringent regulatory requirements for the safety and quality of pharmaceutical products, which mandate the use of advanced packaging solutions. The advent of novel biochemical compounds and drug delivery systems along with innovations in pharmaceuticals like blow fill seal vials, prefilled syringes and powder applications are influencing the packaging market. The global market is bolstered by growth of the generic and OTC drugs market, advent of integrated, flexible and automated packaging equipment, and enforcement of stringent packaging regulations to discourage counterfeit products. Another factor driving the market growth is rising geriatric population and increasing incident of chronic conditions, The increasing global pharmaceutical production and the expansion of the healthcare sector, particularly in emerging markets, also significantly contribute to market expansion. Technological innovations, such as the development of anti-counterfeit measures and condition-sensitive packaging, are vital in addressing the concerns about drug safety and efficacy. Additionally, the rising prevalence of chronic diseases has led to an increase in the demand for pharmaceuticals that require specialized packaging solutions to ensure stability and dosing accuracy.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plastics & Polymers-based Pharmaceutical Packaging segment, which is expected to reach US$114.0 Billion by 2030 with a CAGR of a 9.0%. The Paper & Paperboards-based Pharmaceutical Packaging segment is also set to grow at 8.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $44.9 Billion in 2023, and China, forecasted to grow at an impressive 9.8% CAGR to reach $35.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Pharmaceutical Packaging Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pharmaceutical Packaging Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Pharmaceutical Packaging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bemis Co., Inc., Ball Corporation, Applied DNA Sciences, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 246 Featured):
- Bemis Co., Inc.
- Ball Corporation
- Applied DNA Sciences, Inc.
- Bilcare Ltd.
- Agrado SA
- Bisio Progetti S.P.A.
- Beatson Clark PLC
- ACG Pharmapack Pvt., Ltd.
- Acme Vials and Glass Company, LLC
- Arab Pharmaceutical Glass Co.
- Action Packaging & Design, Inc.
- Assemblies Unlimited, Inc.
- Abhishek Glass International Pvt. Ltd.
- BeyonDevices
- As One Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPEREST OF ASIA-PACIFICBRAZILREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Bemis Co., Inc.
- Ball Corporation
- Applied DNA Sciences, Inc.
- Bilcare Ltd.
- Agrado SA
- Bisio Progetti S.P.A.
- Beatson Clark PLC
- ACG Pharmapack Pvt., Ltd.
- Acme Vials and Glass Company, LLC
- Arab Pharmaceutical Glass Co.
- Action Packaging & Design, Inc.
- Assemblies Unlimited, Inc.
- Abhishek Glass International Pvt. Ltd.
- BeyonDevices
- As One Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 631 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 134.4 Billion |
| Forecasted Market Value ( USD | $ 232.7 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
