Global Pharmaceutical Packaging Market 2023

Description
Pharmaceutical packaging refers to the process of enclosing pharmaceutical products in containers to ensure their protection, integrity, and safe delivery to patients. It involves the design, production, and labeling of packaging materials that meet regulatory requirements and maintain the quality and efficacy of pharmaceutical products. The global pharmaceutical packaging market is likely to register a CAGR of over 5.25% with an incremental growth of USD 31.9 billion during the forecast period 2023-2029.

Pharmaceutical products are sensitive to various environmental factors, such as moisture, light, oxygen, and temperature. Packaging materials and designs are chosen to protect the product from these factors and maintain its stability, potency, and shelf life. The demand for packaging that ensures product integrity and extends the product's lifespan drives the market for pharmaceutical packaging.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global pharmaceutical packaging market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

Market Segmentation
Type of packaging: primary packaging, secondary packaging, tertiary packaging
Material: aluminum foils, glass, paper and paperboard, plastics and polymers, others
End user: pharmaceutical companies, CMOs and CDMOs, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type of packaging, material, end user, and region. The global market for pharmaceutical packaging can be segmented by type of packaging: primary packaging, secondary packaging, tertiary packaging. The primary packaging segment is estimated to account for the largest share of the global pharmaceutical packaging market. Pharmaceutical packaging market is further segmented by material: aluminum foils, glass, paper and paperboard, plastics and polymers, others. The plastics and polymers segment held the largest revenue share in 2022. Based on end user, the pharmaceutical packaging market is segmented into: pharmaceutical companies, CMOs and CDMOs, others. Globally, the pharmaceutical companies segment made up the largest share of the pharmaceutical packaging market. On the basis of region, the pharmaceutical packaging market also can be divided into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. North America was the largest contributor to the global pharmaceutical packaging market in 2022.

Major Companies and Competitive Landscape
The market research report covers the analysis of key stake holders of the global pharmaceutical packaging market. Some of the leading players profiled in the report include Amcor plc, AptarGroup, Inc., Berry Global, Inc., CCL Industries Inc., Constantia Flexibles GmbH, Gerresheimer AG, International Paper Company, Nipro Corporation, Nolato AB, Parekhplast India Limited, Schott AG, SGD S.A., Shandong Pharmaceutical Glass Co., Ltd., Sonoco Products Company, West Pharmaceutical Services, Inc., WestRock Company, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global pharmaceutical packaging market.
To classify and forecast the global pharmaceutical packaging market based on type of packaging, material, end user, region.
To identify drivers and challenges for the global pharmaceutical packaging market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global pharmaceutical packaging market.
To identify and analyze the profile of leading players operating in the global pharmaceutical packaging market.

Why Choose This Report
Gain a reliable outlook of the global pharmaceutical packaging market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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