As per the recently published report by MarketsandMarkets™, The “Pharmaceutical Packaging Market by Raw Material (Plastic, Paper & Paperboard, Glass, Metal), Type (Plastic Bottles, Blisters, Caps & Closures, Labels & Accessories, Pre-filled Syringes), Drug Delivery, and Region – Global Forecast to 2028″, is approximated to be USD 132.0 billion in 2023, and it is projected to reach USD 269.9 billion by 2028, at a CAGR of 15.4%. The market growth is driven by growing healthcare expenditure and the pharmaceutical industry in emerging economies. The growing demand for drug delivery devices and blister packaging also plays a pivotal role in propelling the pharmaceutical packaging market.
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- 280 Market data Tables
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- 290 Pages and in-depth TOC on “Pharmaceutical Packaging Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key players in the pharmaceutical packaging market include Berry Global Group, Inc. (US), Gerresheimer AG (Germany), Amcor Plc (Switzerland), Schott AG (Germany), and AptarGroup, Inc. (US) and others. The growing trend of rising consumer awareness for safe and secure packaging solutions is driving the market. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.
Recent Developments in Pharmaceutical Packaging Market Industry
- In June 2022, Becton, Dickinson and Company acquired Parata Systems. This strategic acquisition enables the company to venture into new pharmacy automation solutions aimed at reducing costs, enhancing patient safety, and improving the overall patient experience. It bolsters the company’s pharmacy automation portfolio by incorporating high-speed robotic dispensing technologies, medication adherence packaging, and pharmacy workflow solutions.
- In November 2022, Amcor investment in PulPac fiber technology, a Swedish company providing disruptive manufacturing technology for low-cost, high-performance fiber-based packaging.
- In November 2022, Aptar Pharma collaborated with TFF Pharmaceuticals. The collaboration focuses on the development and testing of dry powder vaccines administration using TFF Pharmaceutical’s Thin Film Freezing technology and Aptar Pharma’s proprietary intranasal Unidose (UDS) powder nasal spray system.
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Berry Global Group, Inc. is a leader in plastic packaging. It operates through three business segments, namely, engineered materials; health, hygiene & specialties; and consumer packaging. Pharmaceutical devices and packaging are offered under the consumer packaging segment. The company provides non-woven film and lamination for a wide range of medical & pharmaceutical applications and for healthcare packaging needs. It offers storage plastic components such as containers, food service products, closures and over caps, and bottle & prescription containers and tubes. The company serves various industries, such as food, healthcare, shipping & transportation, building & construction, and personal care. It manufactures and supplies its packaging solutions to the US, Canada, Mexico, Belgium, France, Spain, the UK, Italy, Germany, Australia, Brazil, Argentina, Colombia, Malaysia, India, China, and the Netherlands. The company operates more than 300 facilities around the globe and has about 47,000 employees.
Gerresheimer AG is one of the leading companies specializing in medicine packaging, drug delivery devices, and comprehensive solutions for the pharmaceutical industry. The company is primarily dedicated to the production and supply of glass and plastic packaging solutions on a global scale for the pharmaceutical and healthcare sectors. It functions through three key business segments: plastics & devices, primary packaging glass, and advanced technologies. Gerresheimer AG conducts its pharmaceutical packaging operations through the primary packaging glass and plastics & devices segments. With a presence in 16 countries across three continents—Europe, the Americas, and Asia—the company operates 36 manufacturing plants. These locations include Poland, Mexico, Switzerland, Singapore, India, the Czech Republic, Brazil, Belgium, China, France, Denmark, Spain, North Macedonia, and the US. Employing more than 10,000 individuals, the company has a workforce of 4,504 in the plastics & devices segment and 5,333 in the primary packaging glass segment.
Amcor PLC is a leading packaging company for food, beverage, pharmaceutical, medical, home & personal care, and other products. It is primarily involved in the manufacturing and marketing of flexible packaging, rigid containers, and specialty cartons and closures by using raw materials such as polymers, aluminum foils, and fibers. The company operates through two business segments, namely, Amcor flexibles and Amcor Rigid Plastics. Amcor flexibles business produces flexible packaging for food, beverage, pharmaceutical, medical, home, and personal care, and other products, whereas Amcor’s rigid business develops and produces rigid containers and closures for food, beverage, spirits, home and personal care, and healthcare products. Amcor has a wide range of healthcare packaging for oral, dermal, medical devices, hospital packaging, ophthalmic & vision care, pulmonary, intravenous fluid, and injectables. It performs its operations through subsidiaries in the EMEA (Europe, Middle East, and Africa), the Americas, and Asia Pacific. The company operates through 220 production sites in more than 40 countries. It has 78 sales, corporate, other offices, and research sites with more than 44,000 employees. Amcor flexibles operate through 175 plants in 43 countries with more than 40,000 employees and Amcor rigid operates 50 plants in 11 countries with more than 6,000 employees.
Schott AG, operating as a subsidiary of Carl-Zeiss-Stiftung in Germany, is a leading manufacturer of high-tech materials specializing in specialty glasses. The company is structured into four business segments: precision materials, home appliances, optical industries, and trade & others, with the packaging business falling under its precision materials business division. Schott AG caters to diverse industries, including healthcare, home appliances & living, consumer electronics, semiconductors & datacom, optics, industry & energy, automotive, and astronomy & aerospace. In pursuit of its growth strategy for the pharmaceutical sector, particularly in drug containment and delivery solutions, Schott established the subsidiary Schott Pharma. The product portfolio of Schott Pharma covers drug containment solutions and drug delivery systems such as pharmaceutical syringes, cartridges, vials, and ampoules, boasting an annual production of over 13 billion drug containers. Schott AG provides comprehensive offerings in glass tubing and primary packaging for the pharmaceutical industry. With a global presence, Schott AG has manufacturing sites and sales offices in 34 countries, featuring 600 production sites across 13 countries. The company’s workforce comprises 17,300 employees, and its pharmaceutical subsidiary, Schott Pharma, has achieved sales of USD 865.16 million.
AptarGroup, Inc. is a leading sealing, packaging, and innovative dispensing solution manufacturer. It operates through three business segments, namely, beauty & home, pharma, and food & beverage. The pharmaceutical packaging business is part of its pharma business segment and has four divisions— prescription drugs, consumer health care, injectables, and active packaging. AptarGroup is among the top companies in drug delivery devices for respiratory medicines and allergic rhinitis. The company has a wide range of delivery routes such as nasal drug delivery, pulmonary, injectables, eye care, dermal, and other routes. The company operates with 13,000 employees in 20 countries, working across the food and beverage, pharmaceutical, beauty, personal care, and home care industries. The company’s pharmaceutical packaging manufacturing facilities are in Argentina, Brazil, Columbia, Italy, Thailand, the Czech Republic, Spain, Switzerland, Mexico, China, France, Germany, India, Switzerland, and the US.
North America has the largest market share in the pharmaceutical packaging market in terms of value. Europe has the second largest market share in the pharmaceutical packaging market in terms of value. With prominent consumers like the US, Canada, and Mexico leading the trend, the region thrives on increased construction activities and is a hub of major packaging manufacturers. The pharmaceutical packaging market in North America is experiencing growth due to rapidly evolving pharmaceutical therapies, new drug innovations, and the increasing demand for smart packaging. In North America, essential market drivers include a heightened demand for diverse drug delivery methods, the integration of additional features in packaging products, and the development of packaging solutions with child-resistant and senior-friendly features.
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