The suppository packaging market is projected to reach USD 428 million by 2029, at a CAGR of 6.5% from USD 312 million in 2024. The demand for suppository packaging arises from their versatile applications and advantageous properties across various industries. These polymers, produced through emulsion polymerization, consist of polymer particles dispersed in water. Additionally, suppository packaging find extensive use in textiles for enhancing fabric strength, flexibility, and resistance to washing.
In the paper industry, they improve coating properties, printability, and surface finish. Moreover, suppository packaging are utilized in carpet backing, nonwoven fabrics, and specialty latex products, further expanding their application scope. As industries continue to seek cost-effective and environmentally friendly solutions, the demand for suppository packaging is expected to grow. Their low volatile organic compound (VOC) emissions and compliance with stringent environmental regulations make them increasingly attractive.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
In the paper industry, they improve coating properties, printability, and surface finish. Moreover, suppository packaging are utilized in carpet backing, nonwoven fabrics, and specialty latex products, further expanding their application scope. As industries continue to seek cost-effective and environmentally friendly solutions, the demand for suppository packaging is expected to grow. Their low volatile organic compound (VOC) emissions and compliance with stringent environmental regulations make them increasingly attractive.
Based on material, aluminum/PE is expected to be the fastest growing market during the forecast period, in terms of value.
Aluminum/PE is the fastest growing segments in the suppository packaging market due to their unique combination of properties and diverse applications. The aluminum part gives a remarkable obstruction to dampness, light, and oxygen, which assists with safeguarding the solidarity and viability of the suppository substance. Maintaining the quality and performance of temperature-sensitive medicines over time is crucial, and the aluminum layer plays a key role in extending product shelf life. A packing material that is both pleasantly flexible and durable is created when polyethylene and tailored aluminum film are combined. It ensures that the product remains whole and ready for use as intended by allowing customers to tear open the packaging without damaging the suppository itself.Based on application, urethral is the fastest growing market during the forecast period, in terms of value.
The urethral application is the fastest-growing segment in the suppository packaging market. In particular, the benefits associated with urethral drug delivery for diseases like erectile dysfunction and urinary tract infection, in which local treatment could help rapidly to offer relief and improve patient outcome, have been realized more and more. This mode of administration allows for a direct absorption via the mucous membranes and avoids the gastrointestinal tract and first-pass metabolism, which enhances the drug effectiveness. Moreover, the increasing number of conditions requiring the treatment of urinary tract infections, as well as the growing population, is driving demand for these specialty medications as healthcare providers seek more effective treatments for patients who may find it difficult for oral medications, liquid tablets are gaining traction as viable options.Based on region, Asia Pacific is the fastest growing market for suppository packaging in 2023, in terms of value.
The demand for suppository packaging in Asia-Pacific is driven by several key factors. With the expansion of healthcare in this sector, hospitals, clinics and pharmaceuticals, the need for specialized drug delivery systems including suppositories increases. The increasing incidence of cancer, diabetes and gastrointestinal disorders requires new methods of drug delivery to the elderly population. As older adults typically implants are preferred or needed because of difficulty in swallowing implants or the need for local treatment. Furthermore, increased health literacy and implants acknowledging the efficacy of treatment drives the growth of the suppository packaging market in the region.In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
- By Region: North America - 30%, Europe - 20%, Asia Pacific - 40%, Middle East & Africa - 5%, and Latin America - 5%
Research Coverage
This report segments the suppository packaging market based on material, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the suppository packaging market.Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the suppository packaging market, high-growth regions, and market drivers, restraints, opportunities, and challenges.The report provides insights on the following pointers:
- Analysis of key drivers (growing geriatric population, increasing demand for child-resistant packaging, increased focus on patient convenience, rising prevalence of chronic diseases), restraints (adhering to regulatory standards, growing development in technologies), opportunities (growing demand for sustainable and environmentally friendly packaging solutions, rising awareness of health and safety) and challenges (storage and handling requirements).
- Market Penetration: Comprehensive information on the suppository packaging market offered by top players in the global suppository packaging market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the suppository packaging market.
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for suppository packaging market across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global suppository packaging market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the suppository packaging market
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Suppository Packaging Market, by Material
8 Suppository Packaging Market, by Application
9 Suppository Packaging Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Adjacent and Related Market
13 Appendix
List of Tables
List of Figures
Companies Mentioned
- Acg
- Hysum Europe GmbH
- Caprihans India Limited.
- Fengchen Group Co. Ltd.
- Kaa Timex Lr
- Aluberg S.P.A.
- Famar Health Care Services
- Lgm Pharma.
- Sarong S.P.A.
- Adragos Pharma.
- Valmatic S.R.L.
- Hudi Pharma
- Nextpharma Technologies
- Trefoil Packaging Pvt Ltd.
- Sgm India
- Green Pack Foils Pvt. Ltd.
- Berko Pharmaceuticals
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 223 |
Published | August 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 312 Million |
Forecasted Market Value ( USD | $ 428 Million |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |