Global Demand For Pharmaceutical Packaging To Grow At 7.5% CAGR By 2029

Chemical & Materials

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights of Pharmaceutical Packaging. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Pharmaceutical Packaging Market across various industries and regions.

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Key Takeaways of Pharmaceuticals Packaging Market Study

  • Plastics & Polymers will grow 2X during the forecast on the back of increasing adoption of sub-segments such as polypropylene in sustainable packaging practices.
  • Primary pharmaceutical packaging is going to grow two-folds between 2019 and 2029. Development of new drugs such as Apelisib (Piqray, Selinexor (Xpovio) will further generate demand for primary packaging.
  • Contract packaging will show 2.4X growth through the end of forecast. This is attributable to prevalence of strategic partnership between pharmaceutical companies and packaging manufacturers.
  • North American pharmaceutical packaging market exhibits 1.8X growth during the forecast period. Growing geriatric population, coupled with health conscious millennials opting for preventive care, positions this region as a majority shareholder of the total market value.

“Sustainability is key to growth in pharmaceutical packaging market. Governments are proactively lobbying packaging and product labelling practices and introducing regulations on a frequent basis. Manufacturers stand to gain sustainable growth by curbing environmental pollution from packaging waste. “-Says the Fact.MR Analyst

Global Pharmaceutical Packaging Market: In-Depth Assessment on Key Segments

The global pharmaceutical packaging market is segmented on the basis of material, product type, application and region.

  • By Material :

    • Plastics & Polymers
      • Polypropylene (PP)
      • Polyethylene (PE)
      • Polyethylene Terephthalate (PET)
      • Polyvinyl Chloride (PVC)
      • Polystyrene (PS)
      • Others
    • Paper & Paperboard
    • Glass
    • Aluminum Foil
    • Others
  • By Product Type :

    • Primary Pharmaceutical Packaging
      • Plastic Bottles
      • Caps & Closures
      • Parenteral Containers
      • Blister Packs
      • Prefillable Inhalers
      • Pouches
      • Medication Tubes
      • Others
    • Secondary Pharmaceutical Packaging
      • Prescription Containers
      • Pharmaceutical Packaging Accessories
    • Tertiary Pharmaceutical Packaging
  • By Application :

    • Pharmaceutical Manufacturing
    • Retail Pharmacy
    • Contract Packaging
    • Institutional Pharmacy
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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