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Various pharmaceutical activities such as drug discovery and drug development have witnessed an upswing as companies attempt to find new formulations and focus on offering novel drugs to treat chronic ailments. This aspect continues to remain instrumental in driving the need for advanced packaging methods, consequently pushing the pharmaceutical packaging market growth. The rising demand for over-the-counter (OTC) drugs has further influenced the market’s growth emphasizing need for different pharmaceutical packaging materials. In addition, macro aspects such as stable increase in the GDP per capita along with economic transformation have created a positive arena for the pharmaceutical sector and sales of new and effective drugs. This effort in introducing new drugs to combat disorders continues to shape the pharmaceutical packaging market.
COVID-19’s Influence on the Pharmaceutical Packaging Market
The COVID-19 pandemic has directly impacted the packaging industry as a whole with demand for advanced packaging techniques rises. Pharmaceutical drug manufacturers have been involved in the development of discovering an effective antidote and vaccine for the SARS-CoV-2 virus. This called for temperature-controlled packaging solution, which paved potential opportunities apropos to use of various packaging materials. This is likely to trigger use of plastics, glass vials and other material in pharmaceutical packaging process. After the vaccination drives for COVID-19, there has been a significant capacity bottleneck created worldwide. This is poised to further trigger the use of pharmaceutical packaging materials in turn complementing the market growth in the following years.
Plastic to Remain a Sought-After Material in Pharmaceutical Packaging
Demand for pharmaceutical packaging solutions using plastic material is expected to witness a significant boost in the years to follow. Plastic pharmaceutical packaging is the most sought-after solution owing to its perceived benefits such as significantly lower costs, light weight, enhanced barrier property and strength. Moreover, higher resistance against intervention of foreign particles, better dimensional stability and accuracy coupled with increased flexibility of plastic material has pushed its adoption in pharmaceutical packaging. This is one of the crucial factors that have influenced the use of plastic ampoules used in the packaging of medicines and drugs. The upcoming years are expected to showcase dominance of plastic over other material used in the packaging of drugs, in turn complementing to the valuation of the pharmaceutical packaging market worldwide.
Development of New Environment Friendly and Biodegradable Solutions to Bolster Growth of the Pharmaceutical Packaging Market
Increasing demand for convenience and rising health awareness worldwide has necessitated brand differentiation with the development of advanced pharmaceutical packaging solutions. To complement this, growing awareness regarding environment health along with prevalence of regulatory standards for recycling of packaging material is likely to impact the pharmaceutical packaging market. Companies offering pharmaceutical packaging solutions are transitioning towards development of novel biodegradable packaging solutions. For example, Natupharma has introduced a plastic pharmaceutical packaging that is essentially 100% biodegradable, recyclable and environment friendly. This was carried out using the combination of sugarcane and a completely biodegradable plastic additive to produce green plastic. Such novel breakthroughs are expected to augur well for the pharmaceutical packaging market. In addition, development of Child Resistant Packaging (CRP) and RFID has further influenced demand, consequently augmenting growth of the pharmaceutical packaging market.
Asia Pacific to Remain an Opportunistic Revenue Region
Developing economies in the Asia Pacific region are expected to showcase higher lucrativeness apropos to growth potential in the following years. This can be attributed towards momentous growth in the pharmaceutical industry across emerging economies such as India and China. Moreover, increasing population size along with growing aging population is likely to influence sales of drugs and medicines, in turn calling for advanced pharmaceutical packaging solutions. Other aspects such as increased healthcare spending, favorable government initiatives and growth in contract manufacturing activities continue to fuel growth of the pharmaceutical packaging market in Asia Pacific region.
Pharmaceutical packaging Market: Competitive Landscape
Companies in the pharmaceutical packaging market are developing new products, increasing their production capacity and also involved in acquisitions, collaborations and partnerships to maintain market position. For instance, in 2020, new oval tubes were introduced by Berry Global in the US. These packaging solutions are compatible with various products such as homecare and personal care. On the other hand, in 2021, Pharma Packaging Solutions, a US based packaging company, was acquired by Tjoapack. With this acquisition, Tjoapack will gain opportunities in supply chain and contract packaging services for the pharma sector.
Few of the key players in the pharmaceutical packaging market include Schott AG, Berry Global, Amcor, WestRock, West Pharmaceutical Services Inc., and Gerresheimer.
Regional Classification of the Global Pharmaceutical Packaging Market is Listed Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
1. Executive Summary
1.1. Global Pharmaceutical Packaging Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Share of Pharmaceutical Packaging in Parent Market
2.9. Raw Material Analysis
2.10. Economic Analysis
3. Production Output and Trade Statistics, 2018 - 2021
3.1. Packaging Supply-Demand Analysis
3.2. Regional Production Statistics
3.2.1. North America
3.2.2. Europe
3.2.3. Asia Pacific
3.2.4. Latin America
3.2.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Material
4.4. By Region
5. Global Pharmaceutical Packaging Market Outlook, 2018 - 2030
5.1. Global Pharmaceutical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Glass
5.1.1.2. Plastic
5.1.1.3. Metal
5.1.1.4. Paper & Cardboard
5.1.1.5. Misc.
5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Pharmaceutical Packaging Market Outlook, by Applications, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Bottle & Jars
5.2.1.2. Boxes & Cartons
5.2.1.3. Blister
5.2.1.4. Prefillable Syringes
5.2.1.5. Pouches
5.2.1.6. Parenteral Vials & Ampuls
5.2.1.7. Misc. (Prefillable Inhalers, etc.)
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Pharmaceutical Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Pharmaceutical Packaging Market Outlook, 2018 - 2030
6.1. North America Pharmaceutical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Glass
6.1.1.2. Plastic
6.1.1.3. Metal
6.1.1.4. Paper & Cardboard
6.1.1.5. Misc.
6.2. North America Pharmaceutical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Bottle & Jars
6.2.1.2. Boxes & Cartons
6.2.1.3. Blister
6.2.1.4. Prefillable Syringes
6.2.1.5. Pouches
6.2.1.6. Parenteral Vials & Ampuls
6.2.1.7. Misc. (Prefillable Inhalers, etc.)
6.3. North America Pharmaceutical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Pharmaceutical Packaging Market Outlook, 2018 - 2030
7.1. Europe Pharmaceutical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Glass
7.1.1.2. Plastic
7.1.1.3. Metal
7.1.1.4. Paper & Cardboard
7.1.1.5. Misc.
7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Europe Pharmaceutical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Bottle & Jars
7.2.1.2. Boxes & Cartons
7.2.1.3. Blister
7.2.1.4. Prefillable Syringes
7.2.1.5. Pouches
7.2.1.6. Parenteral Vials & Ampuls
7.2.1.7. Misc. (Prefillable Inhalers, etc.)
7.3. Europe Pharmaceutical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Turkey
7.3.1.7. Russia
7.3.1.8. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Pharmaceutical Packaging Market Outlook, 2018 - 2030
8.1. Asia Pacific Pharmaceutical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Glass
8.1.1.2. Plastic
8.1.1.3. Metal
8.1.1.4. Paper & Cardboard
8.1.1.5. Misc.
8.2. Asia Pacific Pharmaceutical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Bottle & Jars
8.2.1.2. Boxes & Cartons
8.2.1.3. Blister
8.2.1.4. Prefillable Syringes
8.2.1.5. Pouches
8.2.1.6. Parenteral Vials & Ampuls
8.2.1.7. Misc. (Prefillable Inhalers, etc.)
8.3. Asia Pacific Pharmaceutical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Pharmaceutical Packaging Market Outlook, 2018 - 2030
9.1. Latin America Pharmaceutical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Glass
9.1.1.2. Plastic
9.1.1.3. Metal
9.1.1.4. Paper & Cardboard
9.1.1.5. Misc.
9.2. Latin America Pharmaceutical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Bottle & Jars
9.2.1.2. Boxes & Cartons
9.2.1.3. Blister
9.2.1.4. Prefillable Syringes
9.2.1.5. Pouches
9.2.1.6. Parenteral Vials & Ampuls
9.2.1.7. Misc. (Prefillable Inhalers, etc.)
9.3. Latin America Pharmaceutical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Pharmaceutical Packaging Market Outlook, 2018 - 2030
10.1. Middle East & Africa Pharmaceutical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Glass
10.1.1.2. Plastic
10.1.1.3. Metal
10.1.1.4. Paper & Cardboard
10.1.1.5. Misc.
10.2. Middle East & Africa Pharmaceutical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Bottle & Jars
10.2.1.2. Boxes & Cartons
10.2.1.3. Blister
10.2.1.4. Prefillable Syringes
10.2.1.5. Pouches
10.2.1.6. Parenteral Vials & Ampuls
10.2.1.7. Misc. (Prefillable Inhalers, etc.)
10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Pharmaceutical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Product vs Application Heatmap
11.4. Company Profiles
11.4.1. Amcor Plc
11.4.1.1. Company Overview
11.4.1.2. Product Portfolio
11.4.1.3. Financial Overview
11.4.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
11.4.2. WestRock Company SGD S.A.
11.4.3. Becton Dickinson and Company
11.4.4. Berry Global Group, Inc
11.4.5. Mondi group
11.4.6. Sealed Air Corporation
11.4.7. Gerresheimer Group
11.4.8. Nipro Corporation
11.4.9. Gilpack
11.4.10. Catalent, Inc.
11.4.11. West Pharmaceutical Services, Inc.
11.4.12. UDG Healthcare
11.4.13. AptarGroup Inc.
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
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