Insights on the $229.9 Billion Pharmaceutical Packaging Global Market to 2027 - Featuring Bilcare, Catalent, CCL Industries and Comar Among Others
Global Pharmaceutical Packaging Market
Dublin, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The "Global Pharmaceutical Packaging Market by Raw Material (Plastics, Paper & paperboard, Glass, Metal), Type (Plastic Bottles, Blisters, Caps & Closures, Labels & Accessories, Pre-filled syringes), Drug Delivery, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical packaging market is projected to reach USD 229.9 billion by 2027 from USD 99.9 billion in 2021, at a CAGR of 14.9% during the forecast period.
Paper & Paper board accounted for the second largest share amongst other raw materials in the pharmaceutical packaging market
Paper & paperboard have significant demand for use as medicine labels and secondary containers. These packaging engages customers and provide vital information of the product being packed inside through use of high-end graphics as well as enables full structural support.
Paper board sheets are cut, folded, and bonded into the appropriate shape. Corners may be strengthened depending on the need, the material can be produced as set-up paperboard boxes, folding cartons, or trays. It offers comfort, sturdiness, and effective product protection.
Blister accounted for the second largest market share amongst other types in the pharmaceutical packaging market
Blister packs are made from thermoformed plastics and generally have paperboard or aluminum backing/lidding. The aluminum lids are coated with adhesives and are applied over the blister packs by heating thereby forming a sealed package.
Blister packs protect the medicine form external factors such as moisture, contamination, UV rays and others. Blister packs also provide efficient and safe drug delivery for oral solid doses or capsules.
Injectable is expected to be the second largest pharmaceutical packaging drug delivery mode in 2021 amongst others
Injectable drug delivery systems are considered as one of the most effective and successful routes of drug administration owing to its speed and efficacy to reach the target area.
The majority of drugs are delivered orally or by injections. Injectables are available as self-injection devices, prefilled syringes, auto-injectors, safety syringes, patch injectors, pen injectors, and others. Advancements in technology have resulted in development of wide range of improved and enhanced devices. In addition, development of the biologics market is expected to boost the market for injectables during the forecast period.
South America is projected to be the second fastest growing region in the pharmaceutical packaging market during the forecast period
South America is predicted to be the second fastest growing region amongst others in the pharmaceutical packaging market in 2021, in terms of value. Brazil and Argentina are the key markets in the region and are undergoing high growth rates. With the rising disposable incomes, increasing demand for pharmaceuticals, aging population, and improved government policies, the pharmaceutical packaging market is poised to grow further in the next five years. The growth in the production of generic drugs, cheaper production costs, and quality assurance are driving the market for plastic bottles and oral delivery systems in this region.
Report Metrics:
Report Attribute | Details |
No. of Pages | 315 |
Forecast Period | 2022 - 2027 |
Estimated Market Value (USD) in 2022 | $99.9 Billion |
Forecasted Market Value (USD) by 2027 | $229.9 Billion |
Compound Annual Growth Rate | 14.9% |
Regions Covered | Global |
Market Dynamics
Drivers
Growing Healthcare Expenditure and Pharmaceutical Industry in Emerging Economies
Rising Demand for Drug Delivery Devices and Blister Packaging
Technological Advancements
Nanomedicine and Nano Drug Delivery Systems (NDDS)
Child-Resistant Packaging (CRP)
Radio-Frequency Identification (RFID)
Micropump Technology
Eco-Friendly and Sustainable Packaging
Restraints
Increasing Overall Packaging Costs due to Dynamic Regulatory Policies
Lack of Access to Proper Healthcare in Emerging Economies
Opportunities
Growing Demand for Primary Pharmaceutical Packaging
Challenges
Safeguarding Against Counterfeit Products
Companies Mentioned
Alpla Werke Alwin Lehner GmbH & Co KG
Amcor PLC
AptarGroup, Inc.
Ardagh Group SA
Becton, Dickinson and Company
Berry Global Inc.
Bilcare Limited
Catalent, Inc.
CCL Industries Inc.
Comar
Frank Noe Egypt Ltd.
Gaplast GmbH
Gerresheimer AG
Lonza Group Ltd.
Mondi Group
Nipro Corporation
Nolato AB
Origin Pharma Packaging
Schott AG
Sealed Air
SGD Pharma
Silgan Holdings Inc.
Vetter Pharma International GmbH
West Pharmaceutical Services, Inc.
Westrock Company
For more information about this report visit https://www.researchandmarkets.com/r/co10b7
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