Pharmaceutical Packaging Market Research Report - Forecast to 2023

Global Pharmaceutical Packaging Market Research Report: Information by Material (Plastic, Paper & Paperboard, Glass), Type (Bottle, Aerosol Pack, Tubes, Blister Pack, Sachets), Packaging (Rigid, Flexible, Semi-rigid), Application (Generic Drugs, Branded Drugs, Medical Tools & Equipment, Test Kits, Nutraceuticals) and Region - Forecast till 2023

ID: MRFR/PNT/0783-CR | April 2019 | Region: Global | 272 pages

Market Overview


Global pharmaceutical packaging market is expected to expand at 6.51% CAGR during the forecast period.  


The global pharmaceutical packaging market is expected to witness substantial growth during the forecast period. North America is expected to hold the largest share in the pharmaceutical packaging market due to the growing demand for lightweight and easily transportable packaging. Additionally, the stringent government regulations for pharmaceutical packaging and demand for sustainable packaging solutions in Asia-Pacific and Europe are some of the factors that are expected to drive the pharmaceutical packaging market during the forecast period.


In 2017, Europe held the second largest market share in the global pharmaceutical packaging market. The region has introduced anti-counterfeiting technologies, such as overt technology, covert technology, and forensic technology for pharmaceutical packaging, which further enhances the on-going packaging methods and techniques by pharmaceutical packaging companies in the region.


Segmentation:


The global pharmaceutical packaging market is segmented based on material, type, and packaging. On the basis of material, the global pharmaceutical packaging market is segmented into plastic, paper & paperboard, glass, and others. The plastic segment is expected to dominate the global market, owing to its barrier properties and chemical inertness. They can be used to create attractive packages with aesthetic appeal, which helps in the promotion and marketing of the pharmaceutical products.


On the basis of type, the global pharmaceutical packaging market is segmented into bottles, aerosol packs, tubes, blister packs, sachets, parenteral vials & ampoules, prefilled syringes, caps and closures, and others. The bottles segment is expected to hold the maximum market share, owing to increasing demand for over-the-counter drugs and oral medicines.


On the basis of packaging, the global pharmaceutical packaging market is segmented into rigid packaging, flexible packaging, and semi-rigid packaging. The rigid packaging segment is expected to hold the maximum market share, due to the protection of the products from biological contamination, physical damage, and external influences that can damage the properties of the products.


On the basis of application, the global pharmaceutical packaging market is segmented into generic drugs, branded drugs, medical tools & equipment, test kits, nutraceuticals, and others. The generic drugs segment is expected to hold the maximum market share. This is because government authorities in regions such as North America and Asia-Pacific are taking efforts to manufacture generic drugs that have similar active ingredients, strengths, dosages, and route of administrations of a brand-name drug.


Regional Analysis:


On the basis of region, the global pharmaceutical packaging market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world.


Global Pharmaceutical Packaging Market, by Region, 2017 Pharmaceutical Packaging Market, by Region


Source: MRFR analysis


North America is one of the regions where several major pharmaceutical packaging companies are located. The growth of the market in the region can be attributed to the presence of global market players that are expanding their presence in the region through strategic partnerships with raw material suppliers. For instance, in 2018, Hoffmann Neopac AG, a Switzerland-based manufacturer of primary packaging for pharmaceutical and cosmetics industries, established a new manufacturing plant in the US. Additionally, the growing demand for lightweight and easily transportable packaging is increasing the demand for pharmaceutical packaging in the regional market.


Synopsis:


The global pharmaceutical packaging market has been segmented on the basis of material, type, application, and packaging. On the basis of material, the global pharmaceutical packaging market is segmented into plastic, paper & paperboard, glass, and others. The plastic segment is expected to dominate the market, due to the increased demand for attractive packages with aesthetic appeal, which helps in the promotion and marketing of the pharmaceutical products.


Key Competitors:


The key players of global pharmaceutical packaging market are Amcor Limited (Australia) SCHOTT AG (Germany), Owens-Illinois Inc. (US), Sonoco Products Company (US), West Pharmaceutical Services, Inc. (US), WestRock Company (US), Berry Global Inc. (US), CCL Industries, Inc. (Canada), AVERY DENNISON CORPORATION (US) International Paper (US), Comar, LLC (US), Gerresheimer AG (Germany).


Market Segmentation



  1. By Material – Plastic, Paper & Paperboard, Glass, and Others

  2. By Type – Bottles, Aerosol Packs, Tubes, Blister Packs, Sachets, Parenteral Vials & Ampoules, Prefilled Syringes, Caps and Closures, and Others

  3. By Packaging – Rigid Packaging, Flexible Packaging, and Semi-rigid Packaging

  4. By Application – Generic Drugs, Branded Drugs, Medical Tools & Equipment, Test Kits, Nutraceuticals, and Others


Key Questions Addressed by the Report



  • What was the historic market size (2017)?

  • Which segmentation (material /type/ packaging is driving market?

  • What will be the growth rate by 2023?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Frequently Asked Questions (FAQ) :


Major types of pharmaceutical packaging include bottles, aerosol packs, tubes, blister packs, and sachets.

Global pharmaceutical packaging market is expected to exhibit a strong 6.51% CAGR over the forecast period till 2023.

The growing pharmaceutical industry is likely to be the major driver for the global pharmaceutical packaging market.

North America is likely to hold the largest share in the global pharmaceutical packaging market due to the strong R&D going on in the region in the area of developing new, innovative, and more effective forms of pharmaceutical packaging.

Leading players in the global pharmaceutical packaging market include Schott AG, Amcor Ltd., and Sonoco Products Company, among others.