Pharmaceutical Packaging Market 2022 Growth Factors, Technological Innovation and Emerging Trends 2028

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Pharmaceutical Packaging Market Demand, Size,
Share, Growth Opportunities, Potential,
Segmentation, Trends and Forecast to 2028
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Global Market Scenario of Pharmaceutical
Packaging Industry
Pharmaceutical Packaging Market is projected to
cross USD 155.3 billion by 2028. The rising focus
on product differentiation and brand enhancement
by pharmaceutical manufacturers along with an
increasing expansion of retail pharmacies around
the globe are anticipated to drive the overall
pharmaceutical packaging market revenue during
the assessment period. Some of the major
findings of the pharmaceutical packaging market
report include The market growth can be
attributed to the increasing adoption of
packaging solutions to maintain product stability
throughout its shelf life. The growing global
healthcare sector coupled with technological
innovations in sustainable reusable packaging
will enhance the market growth. Based on
material, the plastic polymer segment dominated
the pharmaceutical packaging market in 2021 and
is projected to generate huge revenue gains
during the forecast period.
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Continue-
Based on product, the plastic bottle segment held
a major market share in 2021. Pharmaceutical
packaging is used to store, secure, and protect
the drugs during transportation and handling.
These solutions are highly regulated to safeguard
medicines or drugs from any external influence or
physical damage. Packaging also helps in the
protection of drugs, which are moisture,
temperature light-sensitive, thereby increasing
their shelf life without contaminating the
formulation. Furthermore, growing consumer
awareness of healthier lifestyle, rising
healthcare expenses, advanced drug delivery,
growing emerging economy market, and innovative
packaging solutions with higher patient
convenience compliance. The COVID-19 pandemic
has impacted various industries around the globe
including automotive, construction,
manufacturing, and others. However,
pharmaceutical companies were considered
essential service sectors and exempted from
lockdown restrictions.
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360 Industry Analysis
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The industries were operational for the
production of generic drugs and healthcare
products, which in turn, increased the demand for
packaging solutions. Additionally, many biotech
and pharma companies were engaged in RD
activities for the development of COVID-19
vaccines, which spiked the demand for glass vials
in 2021. The demand is further anticipated to
increase with the increasing demand for
vaccines. The high cost associated with the
overall manufacturing of pharmaceutical packaging
is likely to hamper the market growth.
Manufacturers have to comply with government
regulations on packaging, which streamline their
production processes and increase the overall
cost associated with it. However, key players are
focusing on the development of packaging from
compostable materials and the use of
Post-Consumer Recycled (PCR) material to increase
sustainability, thus providing a lucrative
opportunity for the market in the long term. For
instance, in November 2019, Gerresheimer AG
offers bottles made up of R-PET and BIO-PET for
pharmaceutical cosmetic preparations. R-PET
bottles are made from recycled polyethylene
terephthalate and BIO-PET bottles are made from
renewable sustainable biomaterials such as
sugarcane.
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Competitive Analysis
Glass is majorly used in the manufacturing of
syringes, injectable vials, cartridges, syrup
bottles, and other products. Glass is impermeable
to microorganisms, moisture, gases, and odors,
thus is widely utilized in the packaging of
semi-solid liquid pharmaceutical formulations.
Typically, amber-colored glass is used in the
packaging of pharmaceutical products as it
protects the product from UV wavelength. The
segment accounted for 23.8 share in 2021. The
parenteral containers segment is expected to grow
at a CAGR of 6.3 from 2022 to 2028. Parenteral
packaging protects a drugs therapeutic
effectiveness and keeps its potency intact until
it is administered. Parenteral containers are
also utilized to protect a drug or any other
pharmaceutical preparation from
contamination. Major companies operating in the
market include Amcor plc, Becton, Dickinson and
Company, AptarGroup, Inc., Berry Global Inc.,
Drug Plastics Group, Bilcare Limited,
Gerresheimer AG, and Schott AG. Furthermore, West
Pharmaceutical Services Inc., SGD Pharma, Vetter
Pharma International, Constantia Flexibles, PGP
Glass private Ltd., Mondi Plc, and Klockner
Pentaplast Group are a few other players
operating across the global market.
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