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Pharmaceutical Packaging - Global Market Trajectory & Analytics

  • ID: 4805760
  • Report
  • February 2022
  • Region: Global
  • 631 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • AptarGroup, Inc.
  • Catalent, Inc.
  • Gerresheimer AG
  • MaxQ
  • Schott AG

Global Pharmaceutical Packaging Market to Reach $161.6 Billion by 2026


A key sector of the global packaging industry, pharmaceutical packaging is designed to offer protection and storage of various types of pharmaceutical products like medications, drugs and others. Growth in the global market is being driven by increasing healthcare awareness, new drug approvals, rising healthcare spending and buoyant market for biopharmaceuticals and generics. The demand for packaging in pharmaceutical industry is also propelled by regulations pertaining to tracing and serialization of products. The advent of novel biochemical compounds and drug delivery systems along with innovations in pharmaceuticals like blow fill seal vials, prefilled syringes and powder applications are influencing the packaging market. Another factor driving the market growth is rising geriatric population and increasing incident of chronic conditions, pushing the demand for new and effective pharmaceutical products. The rapid growth of the pharmaceutical industry, in view of the ongoing COVID-19 pandemic, is providing support to the growth of pharmaceutical packaging market.

Amid the COVID-19 crisis, the global market for Pharmaceutical Packaging estimated at US$98.2 Billion in the year 2020, is projected to reach a revised size of US$161.6 Billion by 2026, growing at a CAGR of 8.4% over the analysis period. Plastics & Polymers, one of the segments analyzed in the report, is projected to grow at a 9.1% CAGR to reach US$83.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Paper & Paperboards segment is readjusted to a revised 8.3% CAGR for the next 7-year period. This segment currently accounts for a 25.1% share of the global Pharmaceutical Packaging market. Plastics and polymers segment dominate market share, due to their easily moldable nature and ability to provide protective capabilities in a cost effective manner. Paper and paperboard is another key type of material used in packaging of pharmaceutical products, specifically for secondary and tertiary packaging purposes. The material finds use in making shrink wraps, cartons, cardboards, and boxes.



The U.S. Market is Estimated at $38.5 Billion in 2021, While China is Forecast to Reach $24 Billion by 2026


The Pharmaceutical Packaging market in the U.S. is estimated at US$38.5 Billion in the year 2021. The country currently accounts for a 34.87% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$24 Billion in the year 2026 trailing a CAGR of 10.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR while Rest of European market (as defined in the study) will reach US$26.1 Billion by the end of the analysis period. North America is a major market and likely to play an active role in driving the popularity and adoption of pharmaceutical packaging solutions in the region due to launch of various products with specific packaging needs. The region benefits from the presence of major pharmaceutical companies, availability of advanced technological research platforms, include the increasing funding towards research and development and increased government support. Growth in Europe is fueled by increasing pharmaceutical production and rising adoption of flexible packaging solutions by leading pharmaceutical companies. Asia-Pacific region is expected to witness high growth due to expansion of the pharmaceutical industry, increasing pharmaceutical production, a sizeable patient pool, rising consumer awareness and the need for novel packaging materials.

Glass Segment to Reach $25 Billion by 2026


Glass is a key material used in pharmaceutical packaging, primarily due to the inert nature of glass. The market for glass packaging material is expected to continue witnessing high demand drive by the increasing availability and manufacture of atmosphere-sensitive pharmaceutical drugs. In the global Glass segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$11.7 Billion in the year 2020 will reach a projected size of US$19.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2026, while Latin America will expand at a 8.4% CAGR through the analysis period.

Select Competitors (Total 246 Featured) -

  • 3M Company
  • Amcor plc
  • AptarGroup, Inc.
  • Becton, Dickinson and Company
  • Berry Global, Inc.
  • Catalent, Inc.
  • CCL Industries Inc.
  • Flexituff Ventures International Ltd.
  • Gerresheimer AG
  • Klöckner Pentaplast Group
  • MaxQ
  • McKesson Corporation
  • Schott AG
  • Vetter Pharma International GmbH
  • W. L. Gore & Associates, Inc.
  • West Pharmaceutical Services, Inc.
  • WestRock Company
Frequently Asked Questions about the Global Market for Pharmaceutical Packaging

What is the estimated value of the Global Market for Pharmaceutical Packaging?

The Global Market for Pharmaceutical Packaging was estimated to be valued at $98.2 Billion in 2020.

What is the growth rate of the Global Market for Pharmaceutical Packaging?

The growth rate of the Global Market for Pharmaceutical Packaging is 8.7%, with an estimated value of $161.6 Billion by 2026.

What is the forecasted size of the Global Market for Pharmaceutical Packaging?

The Global Market for Pharmaceutical Packaging is estimated to be worth $161.6 Billion by 2026.

Who are the key companies in the Global Market for Pharmaceutical Packaging?

Key companies in the Global Market for Pharmaceutical Packaging include 3M Company, Amcor plc, AptarGroup, Inc., Becton, Dickinson and Company, Berry Global, Inc., Catalent, Inc., CCL Industries Inc., Flexituff Ventures International Ltd. and Klöckner Pentaplast Group.

FEATURED COMPANIES

  • 3M Company
  • AptarGroup, Inc.
  • Catalent, Inc.
  • Gerresheimer AG
  • MaxQ
  • Schott AG

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Pharmaceutical Packaging - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pharmaceutical Packaging Sector Remains Stable
  • COVID-19 to Restructure the Pharmaceutical Supply Chain Management
  • Pharmaceutical Packaging Players Gear Up with Sterile, Antiviral Packaging to Deal with COVID-19 Challenge
  • Unprecedented Global Push to Expedite COVID-19 Vaccine Development Spurs Demand for Packaging Products
  • Production Capacity of COVID-19 Vaccines by Company in Millions of Doses for 2021
  • Vaccines in Pipeline by Technology
  • Contract Packaging Companies Focus on Innovations Amidst the Pandemic
  • Valor Glass Gains Prominence for COVID-19 Vaccine Packaging
  • An Introduction to Pharmaceutical Packaging
  • A Prelude to Pharmaceutical Packaging
  • Global Market Prospects & Outlook
  • Advancements in Pharmaceutical & Biopharmaceutical Industries Fuel Growth kin Packaging Market
  • Primary Packaging Solutions Lead the Market
  • Plastics & Polymers: The Preferred Material for Pharmaceutical Packaging
  • Plastic Bottles Represent Leading Product Type in Pharma Packaging Market
  • Developing Economies to Spearhead Long-term Growth
  • Competition
  • World Brands
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Strong Rise in Pharmaceutical Sales to Drive Demand for Packaging Solutions
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Rapid Growth of Generic Drugs Drives Demand for Pharma Packaging Market
  • Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2020 & 2025
  • Increasing Significance of Biologic Drugs Fuels Innovations in Packaging and Delivery Techniques
  • Global Biologic Drugs Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
  • Increasing Sales of OTC Drugs Presents an Opportunity for Pharma Packaging Makers
  • Global OTC Drugs Market Breakdown by Product (in %): 2020E
  • Aging Population & Increasing Burden of Chronic Diseases Spurs Pharma Product Sales, Driving Market Growth
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Persistent Increase in Pharmaceutical R&D Bodes Well for Packaging Manufacturers
  • Market Poised to Benefit from the Rapid Growth of Pharmaceutical Contract Manufacturing Activity
  • Global Pharmaceutical Contract Manufacturing Market Size (in US$ Billion) for 2019, 2022 and 2025
  • Contract Packaging Trend Augurs Well for the Pharma Packaging Market
  • With Emerging Economies Becoming Hubs of Pharma Manufacturing Activity, Growth Potential in Store for Pharma Packaging Companies
  • Glass Pharmaceutical Packaging Market: Sustained Growth in Store
  • Increased Demand for Novel Glass Variants for Packaging Vaccines
  • Efforts to Boost Manufacturing of Glass Vials and Prefilled Syringes for COVID-19 Vaccine Gain Traction
  • Fears of Glass Vial Shortage Prompts Flurry of Industry Activities
  • Glass Bottles: The Largest Product Type
  • Glass Ampoules Emerge as a Preferred Packaging Option for Pharma Companies
  • Silica Bottles Facilitate Targeted Drug Delivery
  • Recyclability and Sustainability Increases Commodity Value of Glass, Paving Way for Use in Pharma Sector
  • Concerns over Sustainability of Plastic Brings to Light the Importance of Glass for Pharmaceutical Packaging Companies
  • Innovative Glass Packaging Solutions Help Improve Quality of Drugs
  • SCHOTT Offers syriQ BioPure® and SCHOTT TOPPAC® Syringes
  • Corning Creates Boron-Free Valor® Glass
  • VIALEX™ Technology: An Innovative Glass Vial
  • Glass Flakes: A Key Concern for the Pharmaceutical Glass Packaging Manufacturers
  • Aluminosilicate Glass Emerges as a Solution to the Issue of Glass Flakes
  • Parenteral Packaging Market Drives Demand for Novel Packaging Solutions
  • Parenteral Packaging Market by Product (in %) for 2020E
  • Blister Packaging: The Mainstay of Pharmaceutical Packaging
  • Blister Packaging on Rise in the Pharmaceutical Sector
  • Strong Demand for Unit-Dose Packaging for Patient Compliance Supports Growth
  • R&D Initiatives Set Perfect Stage for Market Growth
  • Pharmaceutical Industry: A Promising Application for Flexible Packaging
  • Global Flexible Packaging Market by End-Use (in %) for 2020
  • Flexible Packaging for Healthcare Market Breakdown by End-Use (in %): 2020
  • Pharmaceutical Packaging Sector Makes Widespread Use of Caps and Closures
  • Self-Administration Drug Delivery Devices Fuel Market Growth
  • Small Batch Productions Find Favor in Pharma Industry
  • Increasing Use of Blow/Fill/Seal Technology in Pharmaceutical Packaging Applications
  • Rising Demand for Integrated and Flexible Packaging Solutions in Pharma Industry
  • Demand Continues to Grow for Ready-to-Use Packaging Systems
  • Labeling & Serialization Benefits from Increased Focus on Preventing Counterfeiting of Drugs
  • Global Number of Pharmaceutical Counterfeiting Incidents for Years 2000, 2005, 2010, 2015, 2019 & 2022
  • Tamper-Proof Packaging Gains Prominence in Pharmaceutical Industry
  • Rise of Smart Packaging in Pharmaceutical Sector Boosts Market Prospects
  • Smart Pharma Packaging Solutions Influence Market Prospects
  • Digitization Facilitates Transformation Pharmaceutical Packaging Space
  • AI and Data: Role in Inspection and Minimizing Non-Compliance for Pharma Packaging Sector
  • Blockchain Comes into Spotlight to Fight Counterfeiting of Drugs
  • Technological Advancements & Innovations Drive Growth in Pharmaceutical Packaging Market
  • Intelligent Pharmaceutical Packaging Focus on Improving User Experience
  • A New Hybrid Material for Packaging COVID-19 Vaccines and Other Biologics: Combining the Best of Glass and Plastic
  • Sustainable Packaging: An Important Considerationfor Pharma Packaging Companies
  • Strict Regulatory Standards for Packaging & Need to Eliminate Counterfeit Products Influence Market Development

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Pharmaceutical Packaging Market in the US: An Overview

CANADA

JAPAN

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China’s Drug Contract Manufacturing Augurs Well for Packaging Companies

EUROPE

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • European Pharmaceutical Packaging Market: A Prelude

FRANCE

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview

INDIA

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Indian Pharmaceutical Equipment Market: Poised for Growth
  • India’s Emergence as a Hub of Pharmaceutical Manufacturing Supports Growth in Packaging Market
  • Glass Vial Manufacturers Prepare for Demand Surge for Bottling COVID-19 Vaccines

REST OF ASIA-PACIFIC

LATIN AMERICA

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Vials and Ampoules to Witness Robust Demand in Latin America

BRAZIL


REST OF LATIN AMERICA

MIDDLE EAST

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Pharmaceutical Packaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 246

A selection of companies mentioned in this report includes:

  • 3M Company
  • Amcor plc
  • AptarGroup, Inc.
  • Becton, Dickinson and Company
  • Berry Global, Inc.
  • Catalent, Inc.
  • CCL Industries Inc.
  • Flexituff Ventures International Ltd.
  • Gerresheimer AG
  • Klöckner Pentaplast Group
  • MaxQ
  • McKesson Corporation
  • Schott AG
  • Vetter Pharma International GmbH
  • W. L. Gore & Associates, Inc.
  • West Pharmaceutical Services, Inc.
  • WestRock Company