The global pharmaceutical packaging market size was US$ 99,163.6 million in 2021. The global pharmaceutical packaging market is forecast to grow to US$ 161,233.3 million by 2030 by growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.

Pharmaceutical packaging is a transport mechanism for pharmaceutical formulations. It protects medicines from environmental changes and preserves their physical and chemical stability. Moreover, it keeps pharmaceuticals secure throughout transportation, distribution, and storage.

Factors Influencing the Market

The global pharmaceutical packaging market is forecast to rise, owing to the growing pharmaceutical industry. Furthermore, the market is predicted to witness ample growth opportunities due to the rising demand for sustainable solutions across the globe.

Growing product developments, combined with the rising number of mergers and acquisitions to cater to consumer needs, will contribute to the growth of the market during the forecast period.

Serialized medication tracking and tracing, the rising geriatric population, and the rapidly growing drug distribution market, will contribute to the growth of the market during the study period.

The pharmaceutical packaging market's growth, however, may be limited by raw material price volatility and rigorous government laws and regulations. On the contrary, advancements in biotechnology to develop novel parenteral medicines will fuel the growth of the market during the study period.

COVID-19 Impact Analysis

During the COVID-19 pandemic, the pharmaceutical industry witnessed an abrupt burden. The demand for efficient drugs, mainly immune boosters, surged abruptly during the COVID-19 pandemic. Thus, the pharmaceutical packaging market recorded substantial growth.

Furthermore, this virus causes a variety of symptoms in a patient, such as dry cough, tiredness, and fever. As a result, demand for efficient medicines increased to treat these symptoms. In addition, the virus has a high fatality risk in the elderly population, which has been opportunistic for the pharmaceutical packaging market.

Regional Analysis

Globally, the Asia-Pacific pharmaceutical packaging market is forecast to emerge as the largest market, majorly due to the presence of a large population base. Furthermore, the growing purchasing power of populated countries, including India, China, etc., will escalate the growth of this regional market. Asia-Pacific pharmaceutical packaging market will also witness lucrative growth opportunities due to the increasing range of policies by government bodies for healthcare coverage. For instance, the Indian government introduced Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) in 2018. This scheme aims to offer free health coverage, majorly to the economically poor population. Further, the Asia-Pacific region is home to one of the largest pharmaceuticals industries, which will drive the pharmaceutical packaging market along.

Competitors in the Market

Dickinson and Company
AptarGroup, Inc.
Amcor plc
Becton
Drug Plastics Group
Owens Illinois, Inc.
West Pharmaceutical Services, Inc.
Berry Global, Inc.
WestRock Company
SGD Pharma
Gerresheimer AG
Schott AG
Vetter Pharma International
Other Prominent Players
Market Segmentation

The global pharmaceutical packaging market segmentation focuses on Product, Material, and Region.

By Product Outlook

Plastic Bottle
Parenteral Container
Blister Packing
Specialty Bags
Closures
Labels
Others
By Material Type Outlook

Glass
Aluminum Foils
Plastics & Polymers
Paper & Paperboards
Others
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America