Pharmaceutical companies are increasingly opting to outsource manufacturing processes to specialized contract packagers. This strategic shift allows these companies to concentrate on their core competencies such as research, development, and marketing, while leaving the complexities of packaging to experts. Pharmaceutical packagers offer a range of products and services including packaging design, materials selection, and ensuring compliance with stringent regulatory requirements. This is particularly advantageous for pharmaceutical firms seeking innovative and customized packaging solutions for their products.
The increasing outsourcing of pharmaceutical manufacturing is significantly driving the global pharmaceutical packaging market, particularly boosting the demand for contract packaging services. This trend is expected to continue to fuel market growth as more companies recognize the benefits of leveraging external expertise for their packaging needs.
Additionally, increasing emphasis on patient-friendly packaging is driving significant changes in the global pharmaceutical packaging market. One of the key factors contributing to this trend is the rising recognition of the importance of patient adherence to medication regimens for successful treatment outcomes. Patient-friendly packaging solutions are designed to make it easier for patients to take their medications correctly, reducing the risk of dosage errors and improving overall health outcomes.
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Data Bridge Market Research analyzes that the Global Pharmaceutical Packaging Market is expected to reach USD 192.66 billion by 2031 from USD 111.52 billion in 2023, growing at a CAGR of 7.2% in the forecast period of 2024 to 2031. The primary packaging segment is projected to propel the market growth due to the rising dependence for increased shelf-life of products.
Key Findings of the Study
Evolving Role of Pharmaceutical Packaging in Market Differentiation
Packaging has evolved beyond its traditional role of merely containing pharmaceutical products; it is now a key element in differentiating these products in the market. This shift is driven by the intensifying competition in the pharmaceutical industry, where companies are leveraging packaging as a tool to set their products apart from competitors. Packaging serves as a visual and informational platform that communicates vital details about the product, including its quality, safety, and efficacy. Additionally, packaging acts as a marketing medium, helping to attract consumers and influence their purchasing decisions. In response to this trend, there has been a surge in innovative packaging solutions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Product (Primary Packaging, Secondary and Tertiary Packaging), Material (Plastics & Polymers, Paper and Paperboards, Glass, Metals, and Others), Drug Delivery Mode (Oral Drug Delivery Packaging, Parenteral Drug Delivery Packaging, Topical Drug Delivery Packaging, Inhalation Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Other Drugs Delivery Packaging), End User (Pharma Manufacturing Companies, Contract Packaging Companies, Pharmacies, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Turkey, Belgium, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, U.A.E., Saudi Arabia, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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WestRock Company (U.S.), Amcor plc, (Switzerland), BD (U.S.), AptarGroup, Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.), Berry Global, Inc. (U.S.), CCL Industries (Canada), Gerresheimer AG (Germany), Schott AG (Germany), UFlex Limited (India), SGD Pharma (France), EPL Limited (India), Drug Plastics Group (U.S.), Comar (U.S.), and Daikyo Seiko Co., Ltd. (Japan).
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
Global pharmaceutical packaging market is segmented into four notable segments which are based on product, material, drug delivery mode, and end user.
- Based on product, the market is segmented into primary packaging, secondary and tertiary packaging
In 2024, the primary packaging segment is expected to dominate the Global Pharmaceutical Packaging Market
In 2024, the primary packaging segment is expected to dominate the market with a market share of 77.04% due to rising pharmaceutical outsourcing.
- Based on material, the market is segmented into plastics & polymers, paper and paperboards, glass, metals and others
In 2024, the plastics & polymers segment is expected to dominate the Global Pharmaceutical Packaging Market
In 2024, the plastics & polymers segment is expected to dominate the market with a market share of 44.65% due to the increasing demand for patient-friendly packaging.
- Based on drug delivery mode, the market is segmented into oral drug delivery packaging, parenteral drug delivery packaging, topical drug delivery packaging, inhalation drug delivery packaging, nasal drug delivery packaging, ocular drug delivery packaging, and other drugs delivery packaging. In 2024, the oral drug delivery packaging segment is expected to dominate the market with a market share of 53.54%
- Based on end user, the market is segmented into pharma manufacturing companies, contract packaging companies, pharmacies, and others. In 2024, the pharma manufacturing companies is expected to dominate the market with a market share of 65.53%
Major Players
Data Bridge Market Research analyzes WestRock Company (U.S.), Amcor plc, (Switzerland), BD (U.S.), AptarGroup, Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.) as the major players operating in the market.
Market Development
- In September 2023, WestRock Company WRK and Smurfit Kappa Group Plc SMFKY have agreed to merge and create Smurfit WestRock, which is expected to be one of the world’s largest paper and packaging company with a worth of around $20 billion
- In July 2023, Constantia Flexibles has announced its latest pharmaceutical packaging solution, the coldform foil REGULA CIRC, a cutting-edge technology that sets a new standard for sustainability in blister packaging. Designed with circularity in mind, REGULA CIRC complies with future regulations and legislation, offering a total barrier solution that meets the highest sustainable packaging standards
- In June 2022, Berlin Packaging, a one of world's largest hybrid packaging supplier, announced the acquisition of Andler Packaging Group, a value-added distributor of plastic, glass, and metal containers and closures
- In December 2021, Comar, a premier supplier of custom medical devices and assemblies and specialty packaging solutions, announced today it has acquired Omega Packaging, a manufacturer of injection and blow molded products serving the pharmaceutical, nutraceutical, sports nutrition, and skin care markets
- In April 2022, Amcor, a leader in the design and production of ethical packaging solutions, recently revealed the addition of a new, more environment-friendly High Shield laminate to its line of pharmaceutical packaging
Regional Analysis
Geographically, the countries covered in the global pharmaceutical packaging market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Turkey, Belgium, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, U.A.E., Saudi Arabia, Egypt, Israel, rest of Middle East and Africa.
As per Data Bridge Market Research analysis
North America is expected to be the dominant region in the Global Pharmaceutical Packaging Market
North America is expected to dominate the global pharmaceuticals packaging market due to rise in pharmaceutical outsourcing in the region.
Asia-Pacific is expected to be the fastest growing region in the Global Pharmaceutical Packaging Market
Asia-Pacific is expected to be the fastest growing region in the market due to increasing demand for patient-friendly packaging and innovations in smart packaging.
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