Pharmaceutical Packaging Industry 2023-2030: Market Overview and Growth Trends
Pharmaceutical Packaging Industry Data Book | Forecast 2030
Pharmaceutical Packaging Industry Data Book - Plastic Pharmaceutical Packaging, Parenteral Containers, Primary Pharmaceutical Packaging and Pharmaceutical Contract Packaging Market
Grand View Research’s pharmaceutical packaging industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.
Access the Global Pharmaceutical Packaging Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Plastic Pharmaceutical Packaging Market Report Highlights
Plastic is light in weight, easy to mold, and considerably cheaper than metal and glass. Therefore, end-use companies majorly prefer plastic-based packaging products. Increasing demand for convenience, lightweight, and travel-friendly packaged pharmaceutical products from this industry is expected to augment the growth of the plastic & polymers material segment in the coming years.
Polypropylene (PP) accounted for the largest share in the plastic & polymers material segment in 2022. Polypropylene is considered an economical material as it offers a combination of mechanical, physical, electrical, and thermal characteristics that are not found in any other thermoplastic. When compared to high or low-density polyethylene, polypropylene exhibits a higher working temperature and tensile strength.
Order your copy of the Free Sample of “Pharmaceutical Packaging Industry Data Book - Plastic Pharmaceutical Packaging, Parenteral Containers, Primary Pharmaceutical Packaging and Pharmaceutical Contract Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030”, Data Book published by Grand View Research
Parenteral Containers Market Report Highlights
Parenteral containers include cartridges, vials & ampoules, syringes and bottles. Most of these parenteral containers made of glass and partial portion of the containers are made of plastic. The growing significance of biotech drugs and cost sensitivity in the healthcare sector have resulted in establishment of stringent regulations related to the drug delivery products. Most of the glass pharmaceutical packaging manufacturers are investing in vials aimed at increasing the shelf life of the drug. The companies such as SCHOTT AG and Gerresheimer AG (Gx RHOC) ensure tight geometric tolerances with the help of 100% camera inspection for tubing and containers in their vials. Gerresheimer AG uses Gx THOR (Thermal Hydrolytic Optimization and Reduction), a technology developed to reduce delamination susceptibility in vials and Gx FLASH, another proprietary test procedure to predict the susceptibility of vials to delamination.
Primary Pharmaceutical Packaging Market Report Highlights
The Primary packaging first envelopes the drug and protects it from contamination. Along with protection, primary packaging used in this industry is often involved in dispensing and dosing drug contents. Labels containing information regarding drug use, caution, and others are often printed or attached to primary packaging products such as bottles, pouches, tubes, vials, blister packs, and others.
Primary pharmaceutical packaging is expected to emerge as the largest segment over the forecast period. This can be contributed to factors such as minimal product-package interaction, protection of quality, and enhanced performance at point-of-use. In addition, ease-of-use for the patient is a major driving factor for the primary packaging segment on account of the increasing trend of self-medication. Further, the complex needs of the rapidly growing biologics market are spurring developments in parenteral packaging.
Go through the table of content of Pharmaceutical Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study
Pharmaceutical Contract Packaging Market Report Highlights
- By type, the primary packaging segment held the largest market share in 2019 owing to the increase in outsourcing of primary wrapping activities to CPOs
- Bottles primary packaging segment held the largest market share of 29.7% in 2019 owing to the lack of internal wrapping capabilities
- The glass segment held the largest segment in 2019 as it is suitable for most parenteral and non-parenteral preparations in the industry
- Asia Pacific is expected to witness the fastest growth over the forecast period owing to the presence of a large number of contract service providers in the region
Competitive Insights
The global pharmaceutical packaging market is highly fragmented with the presence of large and medium-sized international companies as well as small-sized domestic players. The global market is steadily moving toward sustainable packaging owing to rising stringent regulations regarding the use of excessive plastic packaging coupled with growing sustainability awareness among consumers.
The production of vaccines for COVID-19 from the end of 2020 has generated exponential demand for primary packaging products especially parenteral packaging products, thus impacting the market positively. This is expected to largely benefit glass vial manufacturing companies such as Owens Illinois Inc., AptarGroup, Inc, Gerresheimer AG, and Schott AG.
Competitive Insights
Major players in the hand protection equipment market include Top Glove Corp. Bhd., Hartalega Holdings Berhad, Superior Gloves, Adenna LLC, MCR Safety, Atlantic Safety Products, Inc., Ammex Corp, Kimberly-Clark Corp, Sempermed USA, Inc., Halyard Health, Inc. The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market. For instance, in August 2020, Ansell Ltd. signed a distribution partnership with OneMed, a provider of medical supplies and support systems, with an existing distribution network in the Nordics. Manufacturers have also started expanding their businesses through mergers, acquisitions, and geographical expansions.
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