” Pharmaceutical Packaging Market Global Pharmaceutical Packaging Market, By Type (Plastic Bottles, Blister Packs, Labels and Accessories, Caps and Closures, Medical Specialty Bags, Pre-Filled Syringes, Temperature-Controlled Packaging, Pouches and Strip Packs, Ampoules, Vials, Pre-Filled Inhalers, Medication Tubes, Jars and Canisters, Cartridges, Others), Raw Material (Plastics and Polymers, Paper and Paperboards, Glass, Metals, Others), Drug Delivery Mode (Oral Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Iv Drugs Delivery Packaging, Other Drugs Delivery Packaging), Application (Drug Delivery, Veterinary Vaccines), Purchase Organization (Manufacturer, Packaging Companies, Government Agencies) – Industry Trends and Forecast to 2023 to 2030.
What are the projected market size and growth rate of the Pharmaceutical Packaging Market?
Data Bridge Market Research analyzes that the global pharmaceutical packaging market is expected to reach USD 192.66 billion by 2031 from USD 111.52 billion in 2023, growing at a CAGR of 7.2% in the forecast period of 2024 to 2031.
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Which are the top companies operating in the Pharmaceutical Packaging Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Pharmaceutical Packaging Market extension. This Global Pharmaceutical Packaging Market report provides the information of the Top 10 Companies in Pharmaceutical Packaging Market in the market their business strategy, financial situation etc.
Market Analysis for Pharmaceutical Packaging Market
2024 is expected to be a pivotal year for the pharmaceutical packaging market as it continues to witness a steady growth trajectory driven by factors such as increasing demand for advanced packaging solutions for pharmaceutical products, emphasis on patient safety, and stringent regulatory requirements. The market is forecasted to expand significantly by 2031, fueled by technological advancements, growing pharmaceutical industry, and rising focus on sustainable packaging solutions.
Segments:
– Product Type: This segment includes primary packaging (bottles, blister packs, vials, etc.) and secondary packaging (cartons, labels, foils, etc.). – Material: The market is categorized into plastic, glass, paper & paperboard, and metal packaging materials. – End-Use: Pharmaceutical packaging is used in various sectors such as drug manufacturing companies, contract packaging organizations, research institutes, etc. – Region: Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Market Players:
– Amcor Limited: The company offers a wide range of pharmaceutical packaging solutions tailored to meet specific customer requirements. – Gerresheimer AG: Known for its high-quality glass packaging solutions, Gerresheimer is a key player in the pharmaceutical packaging market. – West Pharmaceutical Services, Inc.: Specializing in drug delivery and packaging systems, West Pharmaceuticals is a leading player in the market. – Schott AG: With a focus on innovative glass packaging solutions for pharmaceuticals, Schott AG is a prominent name in the industry. – Berry Global, Inc.: Offering a diverse portfolio of plastic packaging products, Berry Global is a significant player in the pharmaceutical packaging market.
The competition in the pharmaceutical packaging market is intense, with key players focusing on research and development activities to introduce innovative and sustainable packaging solutions. Strategic collaborations, mergers, and acquisitions are also common strategies adopted by companies to strengthen their market presence andThe pharmaceutical packaging market is witnessing significant growth due to the increasing demand for advanced packaging solutions for pharmaceutical products. Primary packaging, such as bottles, blister packs, and vials, play a crucial role in protecting and preserving medicines, ensuring their efficacy and safety for consumers. On the other hand, secondary packaging, including cartons, labels, and foils, not only provide additional protection but also serve as a means of conveying important information to end-users. The choice of materials for pharmaceutical packaging is also crucial, with options ranging from plastic, glass, paper & paperboard, to metal packaging materials. Each material offers unique properties in terms of durability, barrier protection, and sustainability, catering to diverse needs within the pharmaceutical industry.
Pharmaceutical Packaging Market Industry Trends and Forecast to 2031
In terms of end-users, pharmaceutical packaging finds applications in various sectors, including drug manufacturing companies, contract packaging organizations, research institutes, and more. Each sector has specific requirements for packaging solutions, such as tamper-evident features, child-resistant closures, and serialization capabilities to ensure product integrity and compliance with regulatory standards. Geographically, the pharmaceutical packaging market is segmented into different regions, each offering unique opportunities and challenges for market players. North America and Europe are traditionally strong markets for pharmaceutical packaging, driven by a robust pharmaceutical industry, technological advancements, and stringent regulatory frameworks. Meanwhile, Asia-Pacific presents significant growth potential due to the expanding pharmaceutical sector, increasing healthcare expenditure, and a rising emphasis on patient safety and quality standards.
Market players such as Amcor Limited, Gerresheimer AG, West Pharmaceutical Services, Inc., Schott AG, and Berry Global, Inc., play a crucial role in driving innovation and competitiveness in the pharmaceutical packaging market. These companies offer a diverse portfolio of packaging solutions tailored to meet the evolving needs of the pharmaceutical industry, including sustainable packaging options, smart packaging technologies, and customized packaging designs. As competition intensifies, companies are investing in research and development activities to stay ahead of the curve, anticipating market trends and customer demands.
Strategic collaborations, mergers,**Market Players:** Р3M (U.S.) РBD (Becton, Dickinson and Company) (U.S.) РCCL Industries (Canada) РMcKesson Corporation (U.S.) РWestRock Company (U.S.) РAptarGroup Inc. (U.S.) РGerresheimer AG (Germany) РWest Pharmaceutical Services Inc. (U.S.) РKl̦ckner Pentaplast (Germany) РSCHOTT AG (Germany) РAmcor plc (Switzerland) РBerry Global Inc. (U.S.) РFlexiTuff Ventures International Ltd. (India) РInternational Paper (U.S.) РStevanato Group (Italy) РOrigin Pharma Packaging (U.K.) РMondi (Austria) РLonza (Switzerland) РRobert Bosch GmbH (Germany) РDuPont (U.S.) РThermo Fisher Scientific (U.S.) РBoston Scientific (U.S.)
The pharmaceutical packaging market is witnessing significant growth due to the increasing demand for advanced packaging solutions for pharmaceutical products. Primary packaging, such as bottles, blister packs, and vials, play a crucial role in protecting and preserving medicines, ensuring their efficacy and safety for consumers. On the other hand, secondary packaging, including cartons, labels, and foils, not only provide additional protection but also serve as a means of conveying important information to end-users. The choice of materials for pharmaceutical packaging is also crucial, with options ranging from plastic, glass
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