Pharmaceutical packaging utilizes appropriate materials, containers, and technology to divide, seal, pack, and label pharmaceutical products. It ensures quality assurance, identification, trademarks, and product descriptions. From a static perspective, packaging employs relevant materials and containers to fulfill its intended function. From a dynamic perspective, it utilizes materials and technical methods for container technology and operation. In the field of circulation, pharmaceutical packaging has two categories: inner packaging and outer packaging. Its main functions include providing protection, facilitating convenience, and promoting the product.
Global Pharmaceutical Packaging Market Driving Factors and Challenges
The pharmaceutical packaging sector is experiencing significant growth, primarily driven by the rapid expansion of the pharmaceutical industry. Scientific and technological advancements have contributed to the industry's growth, with developing nations like China, India, and Brazil expected to play a significant role in this expansion. Pharmaceutical drugs are available in various forms such as tablets, capsules, liquids, and powders, flat pouches, sachets, necessitating diverse packaging types. Pharmaceutical packaging frequently includes rigid bottles, stand-up pouches, and blister packs. To enhance functionality and safety, packaging companies are incorporating dispensing mechanisms, administration aids, sustainable materials, tamper-evident properties, and anti-counterfeiting measures. Increasing attention is being given to sustainability in pharmaceutical packaging. Companies are focusing on the utilization of post-consumer recycled (PCR) materials and developing packaging made from compostable materials. Additionally, they are providing bottles made from R-PET and BIO-PET, which are resins derived from sugarcane plants. The trend of sustainable packaging is expected to gain significant momentum in the coming years.
Counterfeit pharmaceutical drugs pose a significant threat as they are illicit and potentially harmful due to their lack of active ingredients or contamination. This issue is exacerbated by the practice of third-shift packaging, where contract manufacturers produce undisclosed drugs and sell them to counterfeiters for additional profits. The prevalence of counterfeit pharmaceuticals is expected to increase, thereby impeding the growth of the pharmaceutical packaging market.
Impact of COVID-19 on Global Pharmaceutical Packaging Market
The COVID-19 epidemic has had a conflicting effect on the pharmaceutical packaging industry worldwide. While the market has seen a large increase in demand for pharmaceutical goods and packaging, there have also been difficulties in the form of broken supply chains, a lack of raw materials, and rising costs. The demand for packaging COVID-19 vaccines and associated products has also stimulated innovation and sped up the market's use of innovative packaging technologies.
Pharmaceutical Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amcor plc, AptarGroup, Inc., Becton, Dickinson, and Company, Berry Global, Inc., CCL Industries, Inc., Comar, LLC, Drug Plastics Group, Gerresheimer AG, International Paper, Owens Illinois, Inc., Schott AG, SGD Pharma, Vetter Pharma International, West Pharmaceutical Services, Inc., WestRock Company, Others.
Global Pharmaceutical Packaging Market Segmentation:
By Product Type: Based on the Product Type, Global Pharmaceutical Packaging Market is segmented as; Blister Packs, Caps & Closures, Medication Tubes, Parenteral Containers (Syringes, Vials & Ampoules, Others), Plastic Bottles, Pouches, Prefillable Inhalers, Others.
By Material: Based on the Material, Global Pharmaceutical Packaging Market is segmented as; Aluminium Foil, Glass, Paper & Paperboard, Plastics & Polymers (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polystyrene, Polyvinyl Chloride), others.
By Packaging Type: Based on the Packaging Type, Global Pharmaceutical Packaging Market is segmented as; Primary, Secondary, Tertiary.
By Drug Delivery Mode: Based on the Drug Delivery Mode, Global Pharmaceutical Packaging Market is segmented as; Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Oral Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Topical Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Others.
By End User: Based on the End User, Global Pharmaceutical Packaging Market is segmented as; Contract Packaging, Institutional Pharmacy, Pharma Manufacturing, Retail Pharmacy.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.