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Pharmaceutical Packaging Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2030 | Emergen Research

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Pharmaceutical Packaging Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2030 | Emergen Research

September 15
18:38 2022
Pharmaceutical Packaging Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2030 | Emergen Research
Pharmaceutical Packaging Market | Emergen Research
Market Size – USD 119.24 Billion in 2021, Market Growth – at a CAGR of 9.5%, Market Trends – Rapid advancements in packaging technology

The global pharmaceutical packaging market size was USD 119.24 Billion in 2021 and is expected to register a revenue CAGR of 10.3% during the forecast period, according to latest analysis by Emergen Research. Growing awareness about verifying pharmaceutical product details in packaging along with rapid advancements in packaging technology is a key factor driving market revenue growth. in addition, increasing use of drugs in the form of capsules and other forms of medication is also driving growth of the market.

Rising incidence of various diseases due to pandemic, which is increasing usage of pharmaceuticals, treatments, lotions, and other formulations, can also be attributable to growing demand for pharmaceutical packaging. As a result, new pharmaceuticals are being developed and customers are becoming more aware of the importance of checking medical packaging before purchase to verify production and expiry date. Certain formulations need to be isolated from air, water, environmental contaminants, light, and other substances, hence pharmaceutical packaging provides protection to the product in accordance with its composition. According to European Federation of Pharmaceutical Industries and Associations (EFPIA) report, production of pharmaceutical products has risen by around 5.7% between 2019 and 2020, with an estimated valuation of around USD 368 million. The 2021 report further suggests that over USD 46 million was spent in the Research & Development (R&D) sector of European pharmaceutical industries in 2020.

However, fragile nature of many pharmaceutical packaging items makes transportation challenges, as transportation can cause physical stress on the product, causing brittle substances, such as glass ampoules and stained-glass bottles, to break. For example, plastics, have stronger shear resistance than glass but are less resistant to heat damage and chemical and/or medicinal formulation leeching.

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Competitive Landscape and Pharmaceutical Packaging Market Share Analysis

The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Pharmaceutical Packaging market. The market size estimation and forecasts have been detailed in this report. The authors have studied the historical background of the Pharmaceutical Packaging market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.

The major companies Covered in the report are:

AptarGroup, Inc., ACIC Pharmaceuticals Inc., BD, West Pharmaceutical Services, Inc., Comar, Gerresheimer AG, Schott, Nemera, Amcor plc., and Medical Packaging Inc., LLC.

Highlights of Global Pharmaceutical Packaging Market Report

  • The blister pack strips segment is expected to account for a significantly larger revenue share during the forecast period. Over 50% of total medicines consumed by patients globally are manufactured in the form of tablets and capsules, which are packaged in blister packs or plastic bottles, whereas plastic bottles cause environmental issues owing to non-biodegradability. Blister pack strips incorporate a little quantity of plastic together with recyclable metals such as aluminum. This is driving demand for blister pack strip packaging for distribution of capsules and tablets.
  • The plastic segment is expected to account for a significantly large revenue share during the forecast period. Bottles made from different polymers and plastics are relatively more resistant to shear and stress than their counterparts made with glass. It is lightweight and flexible, therefore can be molded into any shape according to the requirement of pharmaceutical product. Medical-grade polymers are inert and resistant to chemical corrosion that can be imparted to packaging by medicinal composition.
  • The pharmaceutical industry segment accounted for a significant revenue share in 2021. Emergence of new technologies with cost-effective and efficient manufacturing processes in addition to rising high-value investments is a major factor driving revenue growth of the market. Growing number of drug approvals by regulatory bodies is also increasing demand for packaging materials by manufacturers for increasing production of such drugs.
  • The Asia Pacific pharmaceutical packaging market is projected to register a rapid revenue growth rate over the forecast period. Growing health awareness among consumers especially in emerging countries in addition to rising disposable income and increasing population is driving revenue growth of the market in region. In addition, increasing collaborations among pharmaceutical companies for development of new drugs and treatments is increasing demand for more effective packaging by manufacturers. Countries, such as India, are among the largest provider of generic drugs globally.

Segments Covered in this report are:

  • Product Outlook (Revenue, USD Billion; 2019-2030)
    • Blister Pack Strips
    • Fluid Bags
    • Bottles and Caps
    • Ampoules
    • Medication Tubes
    • Others
  • Material Outlook (Revenue, USD Billion; 2019-2030)
    • Plastic
      1. Polyvinyl Chloride
      2. Ethylene Vinyl Acetate
      3. Polypropylene
      4. Others
    • Glass
      1. Borosilicate Glass
      2. Amber Color Glass
      3. Others
    • Paper
    • Aluminum
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2019-2030)
    • Pharmaceutical Industry
    • Hospitals
    • Nursing Homes
    • Contract Packaging
    • Pharmacies and Retail Stores

The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.

Geographical Scenario:

The global Pharmaceutical Packaging market has been categorized into several important geographical regions. In this section, authors of the report have studied the presence of the global Pharmaceutical Packaging market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Reasons for Doing This Study

This study provides critical information on the global market’s current size and projected growth for Pharmaceutical Packaging and its related industries. It also discusses geography’s market characteristics, significant suppliers, consumer preference trends, and market prospects. As many countries are in a recession, firms are attempting to weather the storm by limiting unanticipated losses and spending related to the Pharmaceutical Packaging market.

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Table of Contents:

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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