Pharmaceutical Packaging Market: Competitive Landscape & Impact Analysis Of Drivers On Market Forecast by 2024

Pharmaceutical Packaging Market
Press Release

With advancements in technology and growth in the pharmaceutical industry, the demand for pharmaceutical packaging solutions has risen considerably in recent years. This growth in the global pharmaceutical packaging market is also driven by the rise in personal income and increase in public awareness about the benefits of a healthy lifestyle. Furthermore, eco-friendly packing solutions are gaining traction in the market.

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The pharmaceutical packaging market is expected to be driven by the growth of the pharmaceutical industry in developing countries, such as India and China. The population in these countries is growing at a significant rate coupled with increasing health awareness among people, which, in turn, is resulting in increased demand for pharmaceuticals. Furthermore, advancements in manufacturing technologies are contributing to the growth of the pharmaceutical packaging industry, globally. In addition, the demand for integrated packaging solutions, coupled with the rising incidence of chronic diseases among people, has positively impacted the market growth, globally.

The market for pharmaceutical packaging solutions in countries is regulated by the government authorities specific to those countries. There are several factors that are pertinent to the packaging of a drug, including the assurance of patient safety, the shelf life of the drug, the uniformity of drug composition through different production lots, and the resistance of the drug to environment factors such as oxygen, heat, and moisture.

In this report, the pharmaceutical packaging market is segmented on the basis of type, drug delivery, raw material, and geography.

On the basis of raw material, the pharmaceutical packaging market is categorized into high-density polyethylene, polyester, polypropylene, low-density polyethylene, polyvinyl chloride, paper and paperboard, glass, and aluminum foil. Among these, polymer is anticipated to hold a significant share in the market during the forecast period, owing to its higher shelf life and ability to protect drugs from contamination and degradation. Besides, the category of paper and paperboard packaging is gaining traction in the market, owing to the biodegradable, recyclable, and compostable nature of these packaging solutions.

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On basis of type, the pharmaceutical packaging market is categorized into plastic bottles, blister packs, and vials. Among these, plastic bottles occupy a significant share in the market, as they are lightweight, less prone to breakage, and easy to manufacture. Furthermore, these bottles help protect the drugs in extreme weather conditions, such as rain and snow. These bottles are generally used for the packaging of oral drugs and are mainly purchased in bulk. Besides, the market for blister packs is witnessing growth, owing to their ease of use as per the unit dosage. In addition, they ensure the safety of medicines during transit.

Some of the prominent players operating in the global pharmaceutical packaging market are Amcor Group GmbH, CCL Industries Inc., Ball Corporation, Gerresheimer AG, SCHOTT AG, AptarGroup Inc., Lonza Group Ltd., IntraPac International LLC, Wihuri Group, and Sonoco Products Company.

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