Press Release

Pharmaceutical Packaging Market to be Dominated by Pharmaceutical Manufacturing Industry through 2028

Global Pharmaceutical Packaging Market is expected to grow in the forecast period 2024-2028 due to increasing demand from the pharmaceutical manufacturing industry.

According to TechSci Research report, Pharmaceutical Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Pharmaceutical Packaging Market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Pharmaceutical Packaging Market due to rising demand for packaging material from the pharmaceutical manufacturing industry. Additionally, improving healthcare accessibility has led to an increase in the consumption of medicines and tablets resulting in the demand for packaging which further fuels the growth of Global Pharmaceutical Packaging Market.

For instance, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is a scheme of the National Health Policy that aims to provide free health coverage to the poor and helpless population.

Furthermore, the market is being further stimulated by growing demand from contract packaging, and retail pharmacies.

However, an increase in pharmaceutical counterfeit drugs can slowdown the market growth. Also, strict government rules and policies can further slowdown the market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Pharmaceutical Packaging Market"

Global Pharmaceutical Packaging Market is segmented based on raw material, product type, drug delivery mode, end-use, and region.

Based on raw material, the market is categorized into plastics & polymers, paper & paperboard, glass, aluminum foil, and others. The glass segment is expected to hold the largest market share in the forecast period, 2024-2028. As it offers high transparency, enables protection from air and moisture, and chemicals.

Based on product type, the market is segmented into bottles, caps & closures, blister packs, pre-fillable Inhalers, pouches & sachets, and others. The Blister packs segment is expected to hold the largest market share in the forecast period, 2024-2028. As it is used to minimize the plastic content along with metals like aluminum that can be recycled.

Based on drug delivery mode, the market is divided into oral drugs, pulmonary, transdermal, injectables, topical, nasal, and others. The oral drug segment is expected to hold the largest market share in the forecast period, 2024-2028. As the major consumption of medicines is in the form of tablets, powders, capsules, and sachets.

Based on end use, the market is fragmented into pharma manufacturing, contract packaging, retail pharmacy, and others. The pharma manufacturing segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to increased demand for biological goods and cutting-edge medicines including cell and gene therapies.

Major companies operating in the Global Pharmaceutical Packaging Market are:

  • Amcor plc
  • AptarGroup, Inc.
  • Schott AG
  • West Pharmaceutical Services, Inc.
  • SGD S.A.
  • Nipro Europe Group Companies
  • Gerresheimer AG
  • Berry Global Inc.
  • WestRock Company
  • Drug Plastics Closures Inc.

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“The Pharmaceutical Packaging Market in North America region is expected to grow at high rate during the forecast period due to technological innovation and advancements in manufacturing processes. Additionally, the presence of leading healthcare product manufacturers as well as increasing awareness regarding the importance of labeling information among consumers creates lucrative opportunities for the market growth. Furthermore, in Asia Pacific, rising demand for generic medicines and increasing spending by government for healthcare facilities create huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Pharmaceutical Packaging Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Raw Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil, Others), By Product Type (Bottles, Caps & Closures, Blister Packs, Pre-fillable Inhalers, Pouches & Sachets, Others), By Drug Delivery Mode (Oral Drugs, Pulmonary, Transdermal, Injectables, Topical, Nasal, Others), By End Use (Pharma Manufacturing, Contract Packaging, Retail Pharmacy, Others), By Region, and Competition, has evaluated the future growth potential of Global Pharmaceutical Packaging Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Pharmaceutical Packaging Market.”

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