Pharmaceutical Plastic Packaging Market

The Global Pharmaceutical Plastic Packaging Market is poised for substantial growth, with a projected CAGR of 5.8% from 2023 to 2033, reaching an estimated value of US$ 96,339.2 million. In the current year, the market’s net worth is expected to stand at approximately US$ 54,820.9 million. This expansion is primarily driven by the burgeoning development of medications and drugs worldwide, alongside a rising incidence of chronic diseases, prompting pharmaceutical companies to invest in tailored packaging solutions for international distribution.

The market’s upward trajectory is further supported by increasing consumer demand for health supplements and heightened health consciousness. Over the forecast period, the global market is expected to soar 1.6 times its present value, with a notable peak year-on-year growth of 6.5% projected for the commercial year 2025 to 2026. The Pharmaceutical Plastic Packaging Market reflects a dynamic interplay between healthcare advancements, market trends, and evolving consumer preferences.

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During the pandemic, pharmaceutical and packaging industries faced challenges in the supply chain and the need to change the packaging. Limitations on transportation were creating insufficiency of the raw material and other resources, straining the pharmaceutical plastic packaging solution production processes.

Key Takeaways from the Pharmaceutical Plastic Packaging Market Study Report

The United States pharmaceutical plastic packaging market is expected to witness consistent growth of 3.6% in the forecast period, owing to rising demand after the pandemic.
East Asia has emerged as the most lucrative market for pharmaceutical plastic packaging and is expected to create an incremental opportunity of nearly US$ 12 billion by 2030.
Among the different types of products, plastic bottles rule the roost by contributing 40% market share, followed by caps & closures.
Primary packaging witnesses the highest demand as it comes in direct contact with the drug. Secondary and tertiary packaging implies the packaging of different groups of primary packaging.
The next generation of prefilled syringes and cartridges is expected to outbid demand for expensive intravenous infusions (IV infusions) during the forecast period. Such advancements may lead to significant momentum in the production and sales of pharmaceutical plastic packaging going forward.
Also, Zip-lock bags and pouches are gaining significant traction in the global market as it requires skill to slide a zipper and access the content. Further, the flap provided on the zipper covers it completely when the bag is not in use making it higher in demand these days. It could be quite lucrative for drug packaging solution providers to increase their production capacity and market position in the coming days.

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Growth Drivers in the Pharmaceutical Plastic Packaging Industry:

Increasing Drug Production: The pharmaceutical industry is experiencing a surge in drug development and production, driving the demand for innovative and efficient packaging solutions to ensure product safety and compliance.
Stringent Regulatory Requirements: Growing regulatory requirements for pharmaceutical packaging, including child-resistant and tamper-evident features, are pushing companies to adopt advanced plastic packaging solutions that meet these standards.
Rising Healthcare Expenditure: As global healthcare expenditure continues to rise, there is a corresponding increase in pharmaceutical consumption. This growth in demand is propelling the need for packaging solutions that enhance drug stability, shelf life, and ease of use.
Focus on Patient Convenience: With a shift towards patient-centric healthcare, there is a growing emphasis on packaging designs that enhance patient convenience, such as unit-dose packaging, blister packs, and user-friendly features.
Advancements in Material Technology: Continuous innovations in plastic materials and packaging technologies, such as smart packaging with sensors for monitoring drug integrity, are driving growth in the pharmaceutical plastic packaging market.

Industry Trends:

Sustainable Packaging Solutions: The pharmaceutical industry is increasingly adopting environmentally friendly packaging materials and practices, driven by a global trend towards sustainability. This includes the use of recycled plastics, biodegradable materials, and reduced packaging waste.
Digitalization and Smart Packaging: Integration of digital technologies into pharmaceutical packaging, such as RFID tags and QR codes, enables improved traceability, anti-counterfeiting measures, and real-time monitoring of product integrity, contributing to enhanced safety and compliance.
Customization and Personalization: Growing demand for personalized medicine is influencing the development of customized packaging solutions. This includes packaging designs tailored to specific drug formulations, dosages, and patient needs.
Rise of Biopharmaceuticals: The increasing prevalence of biopharmaceuticals and biologics in the pharmaceutical industry is impacting packaging requirements. Plastic packaging solutions are evolving to address the unique challenges associated with storing and delivering these complex and sensitive products.
E-commerce Impact: The rise of online pharmacies and e-commerce in the pharmaceutical sector is influencing packaging trends. There is a growing need for packaging that not only ensures product safety during transportation but also provides a user-friendly experience for consumers receiving medications through online channels.

Key Companies Profiled

Gerresheimer AG
SCHOTT AG
Alpha Packaging Holdings Inc
Klöckner Pentaplast Group
Amcor Plc
Berry Global, Inc
Becton, Dickinson and Company
Parekhplast India Ltd
West Pharmaceutical Services, Inc
Wipak Group
Mondi Plc.
Sealed Air Corporation
Constantia Flexibles Group GmbH

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Key Segments Covered

By Product:

Plastic Bottles
Caps & Closures
Pre-fillable Inhalers
Pre-fillable Syringes
Ampoules & Vials
Blister Packs
Bags & Pouches
Jars & Canisters
Cartridges
Other Products

By Material Type

Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polyamide (PA)
Cyclo-olefin Polymer (COP)
Cyclo-olefin Copolymer (COC)
Other Materials

By Packaging Type:

Flexible Packaging
Rigid Packaging

By Drug Delivery Mode:

Oral Drug Delivery Packaging
Injectable Packaging
Topical Drug Delivery Packaging
Pulmonary Drug Delivery Packaging
Transdermal Drug Delivery Packaging
Ocular Drug Delivery Packaging
Nasal Drug Delivery Packaging
Other Drug Delivery Packaging

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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