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Pharmaceutical Packaging Market to Reach USD 150.78 Billion by 2029; Amcor Introduces High Shield Laminate to Foster Growth

January 17, 2023 | Packaging

The global pharmaceutical packaging market size was valued at USD 95.36 billion in 2021. The market is projected to grow from USD 101.59 billion in 2022 to USD 150.78 billion by 2029, exhibiting a CAGR of 5.8% during the forecast period.


This information is presented by Fortune Business Insights, in its report titled, Pharmaceutical Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard, Others), By Product Type (Bottles, Caps & Closures, Pre-fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges, Others), By Drug Delivery Mode (Oral Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Nasal Drug Delivery Packaging, Others), By Packaging Type (Primary, Secondary, and Tertiary), and Regional Forecasts, 2022-2029.”


Increasing Demand for Online Shopping Fueled the Pharmaceutical Packaging Market Growth


Due to the coronavirus pandemic, several industries are struggling, which caused a shortage of raw materials and disturbed supply chains. However, due to the importance of their operations to the community, West Pharmaceutical Services companies were spared from lockdown limitations. The pharmaceutical business was established to produce healthcare items, and government assistance for prescription drugs and generic medications will contribute to the market's expansion.


Aptar Pharma Acquires Orbital Dry Powder Inhaler (DPI) License


The proprietary Orbital inhaler, a novel device created to deliver high payload dry powder to the lungs, was developed by clinical stage drug developer Pharmaxis. Aptar Pharma, a global leader in drug delivery and active material science solutions and services, announced that it has acquired the worldwide rights to this invention. The Orbital technology enables patients to inhale powder payloads of up to 400 mg in divided doses without the need to reload, helping to fulfil a growing global need to deliver high dosages of medications, such as antibiotics, to the lungs.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860


Increasing Adoption of Generic Drugs in Developing Countries to Fuel Market Growth


Due to their low cost, generic pharmaceuticals are being used more frequently in poorer nations, which will increase the demand for pharmaceutical packaging. A pharmaceutical drug is considered to be generic if it contains the same chemical components, dosage, intended use, adverse effects, and route of administration as the brand-name medication. To offer medical treatments at a lesser cost, many businesses are investing in the production of generic pharmaceuticals.


Important Business-related Announcements by Key Players to Influence Market Dynamics


Fundamental companies in the market often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.


Notable Industry Development:



  • 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. It benefits from new low-carbon packaging choices on two fronts, helps pharmaceutical businesses advance their recycling goals while still meeting the industry's high performance and barrier standards.


List of Key Players Mentioned in the Report:



  • Amcor Plc (Switzerland)

  • Gerresheimer AG (Germany)

  • SCHOTT AG (Germany)

  • WestRock (U.S.)

  • AptarGroup, Inc. (U.S.)

  • Berry Global, Inc (U.S.)

  • NIPRO (Japan)

  • CCL Industries Inc. (Canada)

  • West Pharmaceutical Services (U.S.)

  • SGD Pharma (France)

  • Ardagh Group S.A. (Luxembourg)

  • International Paper (U.S.)

  • Comar LLC (U.S.)

  • Vetter Pharma (Germany)

  • Nolato AB (Sweden)

  • Origin Pharma Packaging (U.K.)

  • Huhtamäki Oyj (Finland)

  • Parekhplast India Limited (India)

  • Regent Plast Pvt. Ltd. (India)

  • Graham Blow Pack Pvt. Limited (India)


Further Report Findings


North America holds the highest pharmaceutical packaging market share, and the U.S. is the most significant contributor in this region. The growth of this region is owed to the rapidly rising pharmaceutical industry. The rising demand for primary packaging products, increasing healthcare spending, and rising disease prevalence are driving the market in this region.


Based on product type, the market is categorized into bottles, caps & closures, pre-fillable inhalers, pre-fillable syringes, vials & ampoules, blister packs, bags & pouches, jars & canisters, cartridges, and others. Among these plastic bottles, the segment is the most significant product type. 


Table of Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion)



Segmentation



By Material, Product Type, Drug Delivery Mode, Packaging Type, and Region



 


Segmentation



By Material



  • Plastic

  • Glass

  • Metals

  • Paper & Paperboard

  • Others



By Product Type



  • Bottles

  • Caps & Closures

  • Pre-Fillable Inhalers

  • Pre-Fillable Syringes

  • Vials & Ampoules

  • Blister Packs

  • Bags & Pouches

  • Jars & Canisters

  • Cartridges

  • Others



By Drug Delivery Mode



  • Oral Drug Delivery Packaging

  • Injectable Packaging

  • Topical Drug Delivery Packaging

  • Pulmonary Drug Delivery Packaging

  • Transdermal Drug Delivery Packaging

  • Ocular Drug Delivery Packaging

  • Nasal Drug Delivery Packaging

  • Others



By Packaging Type



  • Primary

  • Secondary

  • Tertiary



By Region



  • North America (By Material, By Product Type, By Drug Delivery Mode, By Packaging Type, and by Country)

    • U.S. (By Product Type)

    • Canada (By Product Type)



  • Europe (By Material, By Product Type, By Drug Delivery Mode, By Packaging Type, and by Country)

    • Germany (By Product Type)

    • France (By Product Type)

    • U.K. (By Product Type)

    • Italy (By Product Type)

    • Spain (By Product Type)

    • Russia (By Product Type)

    • Rest of Europe (By Product Type)



  • Asia Pacific (By Material, By Product Type, By Drug Delivery Mode, By Packaging Type, and by Country)

    • China (By Product Type)

    • India (By Product Type)

    • Japan (By Product Type)

    • Australia (By Product Type)

    • Southeast Asia (By Product Type)

    • Rest of Asia Pacific (By Product Type)



  • Latin America (By Material, By Product Type, By Drug Delivery Mode, By Packaging Type, and by Country)

    • Brazil (By Product Type)

    • Mexico (By Product Type)

    • Rest of Latin America (By Product Type)



  • Middle East & Africa (By Material, By Product Type, By Drug Delivery Mode, By Packaging Type, and by Country)

    • GCC (By Product Type)

    • South Africa (By Product Type)

    • Rest of Middle East & Africa (By Product Type)




Pharmaceutical Packaging Market
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  • 2021
  • 2018-2020
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