The global pharmaceutical packaging market size is expected to reach USD 238.89 Billion by 2030 according to a new study by Polaris Market Research. The report “Pharmaceutical Packaging Market Share, Size, Trends, Industry Analysis Report, By Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil, Others); By Product (Primary, Secondary, Tertiary); By End Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The expansion of the healthcare & pharmaceutical industry, rising population, high expectancy rate, emerging trend of adopting a healthy lifestyle, rising government initiatives, increasing consumer awareness regarding a good healthcare system are the factors contributing to the growth of the market. The rising awareness of sustainable packing among consumers is creating a lucrative opportunity for big industry players such as Amcor plc, WestRock company, International Paper, Berry Global, Silgan Holding, etc., to expand their presence in the global market by developing and offering a varied range of sustainable packing solutions.
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On the basis of material, plastics & polymer is expected to account for the largest share over the forecast period. The extensive utilization of plastics drives the high demand for the segment in pharmaceutical product packaging as it offers a cost-effective and reliable form of packaging.
North America dominated the global market in 2021 and is expected to account for the largest share during the forecast period. The expanded pharma industry, along with the increased investment in technological advancement, is likely to accelerate the demand for the industry. Furthermore, the rise in healthcare coverage, increase in non-communicable disease, growing aging population, new drug discovery development are the major factors contributing to the growth of the industry.
Major participants such as International Paper, Becton, Dickinson And Company, Berry Global Inc., Amcor Plc, Owens Illinois Inc., Catalent, Inc., CCL Industries, Inc., Comar, LLC, Drug Plastics Group, Gerresheimer AG, Westrock Company, Schott AG, Silgan Holdings Inc., Stevanato Group, Aptargroup, Inc., Vetter Pharma International, West Pharmaceutical Services, Inc., and Nipro Corporation are some of the key players operating in the global market.
Polaris Market Research has segmented the pharmaceutical packaging market report on the basis of material, product, end-use, and region:
Pharmaceutical Packaging, Material Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmaceutical Packaging, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmaceutical Packaging, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmaceutical Packaging, Regional Outlook (Revenue - USD Billion, 2018 - 2030)