The Pharmaceutical Packaging Market is expected to reach a value of USD 127,842.6 million in 2023 and increase at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2033, when it is expected to reach USD 283,877.6 million.
Customized solutions are often needed by the pharmaceutical packaging market to meet the demands of certain drug formulations and dose sizes. Because of its versatility, molded pulp can be used to create distinctive packaging that satisfies the demands of medical items.
Light, moisture, and temperature frequently have a negative impact on pharmaceutical products. The stability and efficacy of the medications are preserved by the protective barrier created by packaging materials such molded pulp trays and containers. It is essential to guarantee the safety of pharmaceutical items. Two packaging strategies that aid in preventing contamination and unwanted access are blister packs and molded pulp trays with tamper evident.
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Market Product Analysis
Approximately 60% of the pharmaceutical packaging industry is accounted for by the primary packaging category. The reason for this is that primary packaging plays a crucial role in safeguarding the effectiveness and safety of pharmaceutical medicines. A sizeable portion of the market is accounted for by the secondary packaging category, which is crucial for informing customers about the product. Despite holding the smallest market share, the tertiary packaging category is crucial for guaranteeing the efficient and safe transportation and storage of pharmaceutical products.
Market Dynamics
Growing need for pharmaceutical products: A number of variables, such as the aging population, the rise in chronic diseases, and rising healthcare costs, are contributing to the growing need for pharmaceutical products. As a result, the market for pharmaceutical packaging is seeing a rise in demand.
Market Segmental Analysis
By Material
Plastics & Polymers
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Homo
Random
Polyethylene Terephthalate (PET)
Polyethylene (PE)
HDPE
LDPE
LLDPE
Polystyrene (PS)
Others
Paper & Paperboard
Glass
Aluminium Foil
Others
By Product
Primary
Plastic Bottles
Caps & Closures
Parenteral Containers
Syringes
Vials & Ampoules
Others
Blister Packs
Prefillable Inhalers
Pouches
Medication Tubes
Others
Secondary
Prescription Containers
Pharmaceutical Packaging Accessories
Tertiary
By End-User
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
Market Competitive Outlook
Amcor Plc, Aptargroup, Inc., Becton, Dickinson and Company, Berry Global Inc., Catalent, Inc., CCL Industries, Inc., Comar, LLC, Drug Plastics Group, Gerresheimer AG, International Paper, Nipro Corporation, Owens Illinois Inc., Schott AG, Silgan Holdings Inc., Stevanato Group, Vetter Pharma International, West Pharmaceutical Services, Inc., and Westrock Company among others
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
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Frequently Asked Questions
1. What is the Global Pharmaceutical Packaging market value?
2. Which are the upcoming countries within the Pharmaceutical Packaging market?
3. Who are the key competitors of market Players?
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