Global Parenteral Products Packaging Market Outlook 2028

Parenteral products packaging includes the various packaging products that are used to store parenteral products. Parenteral products are defined as those pharmaceutical products which are injected directly into the body tissues, such as the skin, and mucous membranes. The global parenteral products packaging market is anticipated to grow with a CAGR of 8.8% during the forecast period, i.e., 2021-2028. Factors such as the growing advancements in pharmaceutical packaging materials, along with the growing need amongst the pharmaceutical companies for advanced pharmaceutical packaging materials. The global parenteral products packaging market is estimated to garner a revenue of close to USD 20800 Million by the end of 2028, up from around USD 9000 Million in 2019.

The market is segmented by numerous segments, which include segmentation by material type, product type, packaging type, drug type, and by region. Based on material type, the market is segmented into glass and plastic, out of which, the plastic segment is expected to grow with the highest CAGR of 10% approximately during the forecast period. Besides this, the glass segment is further divided into borosilicate glass, aluminosilicate glass, and others, out of which, the borosilicate glass segment is expected to hold the largest market share throughout the forecast period and further attain a revenue of around USD 10200 Million by the end of 2028.

On the basis of regional analysis, the global parenteral products packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in the North America region is anticipated to attain the largest market revenue of close to USD 6900 Million by the end of 2028.

Some of the key players in the global parenteral products packaging market that are mentioned in our report are UFP Technologies, Inc., SCHOTT AG, Gerresheimer AG, UDG Healthcare plc, West Pharmaceutical Services, Inc., SiO2 Medical Products Inc., Stevanato Group, Berry Global Inc., NIPRO EUROPE GROUP COMPANIES, Corning Incorporated, and others.