Pharmaceutical Packaging Market To Witness Heavy Growth, Reaching US$ 178.8 Billion By 2031

Pharmaceutical Packaging Market

The global pharmaceutical packaging market is expected to reach US$ 178.8 billion by 2031, growing at a CAGR of 7.4% between 2022 and 2031.

Growing penetration of retail pharmacies in developing nations, as well as pharmaceutical manufacturers’ increased attention on brand development and product differentiation, are expected to drive market expansion. Packaging materials are largely used to store solid, liquid, and semisolid formulations such as tablets, capsules, syrups, and topical medicinal formulations in solid, liquid, and semisolid forms.

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Chronic diseases are becoming more common as a result of changing lifestyles, dietary habits, and sleep patterns, all of which contribute to an increased demand for pharmaceuticals. Furthermore, the focus of various governments on improving healthcare facilities and insurance coverage is driving up demand for pharmaceuticals, which is driving up market growth. The most common drug forms are tablets, liquids, and powders.

Pharmaceutical packaging is an important part of the packaging industry since it is necessary to protect, preserve, and store diverse pharmaceutical products such as pharmaceuticals, prescriptions, and other items. Plastic, glass, metal, and paper are all used in pharmaceutical packaging. Pharmaceutical packaging serves as a source of information as well as a marketing tool in addition to protecting the product.

Bottles, vials, ampoules, blisters, bags & pouches, prefillable syringes, containers, jars, and other items are included. The explosive growth of the pharmaceutical business during COVID-19 boosted pharmaceutical packaging sales. In addition, the pharmaceutical packaging market benefits from the innovation or development of new treatments or medications to treat new viruses and diseases.

Demand for Pharmaceutical Packaging (2015 to 2021) vs. Market Expectations (2022 to 2031)

Pharmaceutical packaging has existed since the pharmaceutical industry’s inception. Initially, pharmaceutical packaging was not available in a larger variety, but as demand and specifications increased, it became conceivable.

Consumers and healthcare professionals alike are expecting simple packaging that is both easy to use and dispose of. As a result of this growing demand, manufacturers are increasingly developing creative packaging.

Consumers and medicine makers are paying more attention to clean-room and sanitary packaging environments these days to reduce the danger of contamination and degraded drug quality.

As a result, most of the major businesses are attempting to meet ISO 14644-1 certification standards in order to ensure that pharmaceuticals and medicines are packaged cleanly. The desire for single dose package formats, which guarantees ingestion of the prescribed quantity at one time while conserving the remaining medicine, is the major trend driving the pharmaceutical packaging industry.

Insights by Category

Bottles, vials & ampoules, blisters, bags & pouches, prefilled syringes & cartridges, sachets, trays, tubes, and containers, jars, and others are among the product types that make up the worldwide pharmaceutical packaging market value share. Bottles have a higher market value share than the other segments. The cost, durability, resistance capacity, and other perks are the reasons for the substantial market value share.

Despite the fact that bottles are the most popular, vials and ampoules, as well as blisters, have a bright future. Furthermore, due to their limited use in the pharmaceutical industry, sachets have a low market value share. The market value shares alter as the geography changes.

Insights by Country

According to FMI’s analysis, the United States accounts for the majority of pharmaceutical packaging demand. The pharmaceutical packaging market in the United States is expected to develop in the future. The existence of significant important players in pharmaceutical packaging in the United States is the reason for the high market growth. In the United States, key players have a substantial presence and production capability.

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