Global Parenteral Packaging Market, By Type (Ampoules, Pre-Filled Syringes, Vials, Bottles, Cartridges, Bags, Ready to Use Systems, and Others), Packaging Type (Smaller Volume Parenteral Packaging and Large Volume Parenteral Packaging), Order Type (Customized Order and Standard Order), Dosage Type (Single Dosage, and Multiple Dosage), Distribution Channel (Direct Sales, Medical Store/Pharmacies, E-Commerce, and Others), Therapeutic Areas (Cardiovascular/Metabolic, Obstetrics/ Gynecology, Dermatology, Endocrinology and Metabolic Disease, Gastroenterology, Ophthalmology, Pain Management, Rare Diseases, Infectious Diseases, and Others), End User (Pharmaceutical Manufacturers, Hospitals, Dispensaries, Clinics, Ambulatory Services, Contract Research Organization, and Others) – Industry Trends and Forecast to 2031.
Parenteral Packaging Market Analysis and Size
In the parenteral packaging market, packaging solutions are tailored to meet the distinct needs of medications. Smaller volume parenteral packaging is designed for drugs requiring precise dosing, such as insulin or certain antibiotics. In contrast, large volume parenteral packaging accommodates higher volumes for infusions, such as saline solutions or intravenous fluids. Each packaging type ensures safe and efficient delivery of parenteral medications.
Data Bridge Market Research analyses that the global parenteral packaging market, valued at USD 465.10 million in 2023, will reach USD 829.49 million by 2031, growing at a CAGR of 7.50% during the forecast period of 2024 to 2031. 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Parenteral Packaging Market Scope and 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 Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Ampoules, Pre-Filled Syringes, Vials, Bottles, Cartridges, Bags, Ready to Use Systems, and Others), Packaging Type (Smaller Volume Parenteral Packaging and Large Volume Parenteral Packaging), Order Type (Customized Order and Standard Order), Dosage Type (Single Dosage, and Multiple Dosage), Distribution Channel (Direct Sales, Medical Store/Pharmacies, E-Commerce, and Others), Therapeutic Areas (Cardiovascular/Metabolic, Obstetrics/ Gynecology, Dermatology, Endocrinology and Metabolic Disease, Gastroenterology, Ophthalmology, Pain Management, Rare Diseases, Infectious Diseases, and Others), End User (Pharmaceutical Manufacturers, Hospitals, Dispensaries, Clinics, Ambulatory Services, Contract Research Organization, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of North America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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SCHOTT AG (Germany), Smithers (U.S.), WILCO AG (Switzerland), Genesis Packaging Technologies (U.S.), Baxter (U.S.), RONDO BURGDORF AG (Switzerland), ISOVOLTA AG (Austria), NNE (Denmark), Tekni-Plex, Inc (U.S.), Catalent, Inc (U.S.), Wipak Group (Finland), ProAmpac (U.S.), Nolato AB (Sweden), SiO2 Materials Science (U.S.)
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Market Opportunities
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Market Definition
Parenteral packaging refers to the specialized packaging systems designed to contain and deliver sterile pharmaceutical products administered through routes other than the digestive tract, such as intravenous, intramuscular, or subcutaneous injections. These packaging systems ensure product integrity, sterility, and safety during storage, transportation, and administration.
Global Parenteral Packaging Market Dynamics
Drivers
- Rising Chronic Diseases Creates Demand for Packaging Solutions
With the increasing prevalence of chronic diseases necessitating parenteral medications, the parenteral packaging market is experiencing significant growth. Factors such as an aging population and lifestyle changes contribute to this rise. As a result, there is a growing demand for reliable packaging solutions to ensure the safe storage and administration of injectable drugs, driving expansion in the market.
- Rising Investment in R&D for Innovative Packaging Solutions
The parenteral packaging Market is witnessing growth propelled by increased investment in research and development for innovative packaging solutions. This focus on innovation aims to enhance product safety, efficacy, and patient convenience. With rising demand for advanced packaging technologies to meet evolving healthcare needs, companies are prioritizing R&D efforts, driving the development of cutting-edge parenteral packaging solutions and contributing to market expansion.
Opportunities
- Partnerships and Collaborations to Enhance Product Safety and Efficacy
Partnerships and collaborations between packaging companies, pharmaceutical firms, and research institutions offer a strategic avenue for co-development of innovative packaging solutions. By combining expertise and resources, such alliances can drive market growth by creating advanced packaging technologies that meet evolving healthcare needs. Additionally, collaboration fosters innovation by leveraging diverse perspectives and capabilities, ultimately enhancing product safety, efficacy, and patient convenience in the parenteral packaging market.
- Sustainability in Packaging Meets Consumer Demands
Embracing sustainability in parenteral packaging offers opportunities for market differentiation and meeting consumer preferences. By developing eco-friendly solutions aligned with sustainability goals, companies can enhance their brand image and attract environmentally conscious consumers. Moreover, such initiatives contribute to reducing environmental impact and addressing growing concerns about plastic pollution. Ultimately, prioritizing sustainability not only benefits the environment but also positions companies favorably in a market increasingly driven by ethical consumerism.
Restraints/Challenges
- Alternative Methods Reduce Parenteral Packaging Demand
Competition from alternative drug delivery methods such as oral or transdermal routes poses challenges to the parenteral packaging market. This challenge affects market growth by altering demand dynamics, potentially reducing the need for parenteral packaging solutions. Additionally, it prompts manufacturers to innovate and enhance their offerings to remain competitive.
- Limited Availability of Skilled Personnel Hinders the Adoption of Technology
Limited availability of skilled personnel for specialized packaging operations acts as a restraint on market growth. This shortage affects the industry by hindering the adoption of advanced packaging technologies and processes, potentially leading to delays in product development and production. Furthermore, it can result in higher operational costs as companies invest in training or struggle to find qualified personnel, ultimately impacting efficiency and innovation within the market.
This global parenteral packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global parenteral packaging market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In Dr 2023, SCHOTT Pharma expanded its operations by investing in a new production facility in Serbia. This strategic move enhances the company's manufacturing capabilities, catering to the growing demand for parenteral packaging solutions. The investment strengthens SCHOTT's position in the parenteral packaging market, facilitating increased production and market penetration
- In 2023, Gerresheimer unveiled Cyclic Olefin Polymer vials designed for sensitive biologics such as mRNA active ingredients. This innovation addresses the demand for advanced parenteral packaging solutions capable of safeguarding the integrity of highly sensitive pharmaceuticals, contributing to the expansion and diversification of the parenteral packaging market
- In 2023, BD, a leading global medical technology company, launched an all-in-one prefilled flush syringe featuring an integrated disinfection unit. This innovation streamlines the preparation process, enhancing efficiency and safety in healthcare settings. The introduction of this product further enriches the offerings in the parenteral packaging market, catering to evolving healthcare needs
- In 2022, Terumo Pharmaceutical Solutions (TPS) introduced a ready-to-fill polymer syringe designed for challenging biotech drugs with larger volumes. This innovation addresses the demand for advanced parenteral packaging solutions capable of accommodating the unique requirements of biotech drugs, further enriching the offerings in the parenteral packaging market
- In 2021, SCHOTT AG announced the construction of a second melting tank for glass tubing used in pharmaceutical products. This expansion aims to bolster production capacity, enabling increased sales and revenue generation for the company by meeting growing demand for high-quality glass packaging solutions in the pharmaceutical industry
Global Parenteral Packaging Market Scope
The global parenteral packaging market is segmented on the basis of type, packaging type, order type, dosage type, therapeutic areas, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ampoules
- Pre-Filled Syringes
- Vials
- Bottles
- Cartridges
- Bags
- Ready to Use Systems
- Others
Packaging Type
- Smaller Volume Parenteral Packaging
- Large Volume Parenteral Packaging
Order Type
- Customized Order
- Standard Order
Dosage Type
- Single Dosage
- Multiple Dosage
Distribution Channel
- Direct Sales
- Medical Store/Pharmacies
- E-Commerce
- Others
Therapeutic Areas
- Cardiovascular/Metabolic
- Obstetrics/ Gynecology
- Dermatology
- Endocrinology and Metabolic Disease
- Gastroenterology
- Ophthalmology
- Pain Management
- Rare Diseases
- Infectious Diseases
- Others
End User
- Pharmaceutical Manufacturers
- Hospitals
- Dispensaries
- Clinics
- Ambulatory Services
- Contract Research Organization
- Others
Global Parenteral Packaging Market Regional Analysis/Insights
The global parenteral packaging market is analysed and market size insights and trends are provided by type, packaging type, order type, dosage type, therapeutic areas, distribution channel and end user as referenced above.
The countries covered in the global parenteral packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of North America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America leads the parenteral packaging market due to its thriving pharmaceutical industry, rising demand for injectable drug packaging, and the presence of major packaging companies. These factors contribute to the region's dominance in the market.
The Asia-Pacific region is expected to lead the parenteral packaging market, driven by increasing production and consumption of single dosage packaging in China. High innovation and development in manufacturing for this segment fuel growth prospects in the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Parenteral Packaging Market Share Analysis
The global parenteral packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global parenteral packaging market.
Some of the major players operating in the global parenteral packaging market are:
- SCHOTT AG (Germany)
- Smithers (U.S.)
- WILCO AG (Switzerland)
- Genesis Packaging Technologies (U.S.)
- Baxter (U.S.)
- RONDO BURGDORF AG (Switzerland)
- ISOVOLTA AG (Austria)
- NNE (Denmark)
- Tekni-Plex, Inc (U.S.)
- Catalent, Inc (U.S.)
- Wipak Group (Finland)
- ProAmpac (U.S.)
- Nolato AB (Sweden)
- SiO2 Materials Science (U.S.)
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