The global pharmaceutical packaging market size was valued at USD 139.37 billion in 2023 and is expected to grow a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030.
The enormous growth of the pharmaceutical sector is one of the primary growth factors for the pharmaceutical packaging sector. The pharmaceutical business has been expanding quickly in recent years due to scientific and technological advancements, and this trend is predicted to continue over the projection period, particularly in developing nations like China, India, Saudi Arabia, and Brazil.
The U.S. accounted for the largest pharmaceutical market worldwide. Large healthcare system, high per capita income, and large investments in drug development in the country are some of the key factors driving the U.S. market. Furthermore, growing importance of generic drugs and access to better healthcare services are anticipated to provide lucrative opportunities for pharmaceutical packaging in the coming years. The 21st Century Cures Act (Cures Act) was signed on December 13, 2016, in the U.S. and is designed to accelerate medical product development. The law is expected to drive new innovations in product developments in pharmaceutical industry. This is expected to drive the demand for pharmaceutical packaging in U.S.
Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market
Pharmaceutical Packaging Market Report Highlights
• Asia Pacific is expected to register the fastest CAGR of more than 12% from 2024 to 2030. This growth is due to the rapidly expanding pharmaceutical market, particularly in China & India, and rising cases of various diseases, such as cancer and heart problems
• In terms of material, the glass segment is projected to ascend at the highest CAGR of 10.3% over the forecast period. Strong chemical resistance to various medicinal products and the ability to withstand heating treatment during the sterilization process is expected to expand the penetration of glass packaging
• Pharma manufacturing is the key end-use segment that accounted for the highest share of 49.9% in 2023 and is expected to witness strong growth from 2024 to 2030. This is owing to the increasing demand for medicines.
• In April 2022, Amcor has launched new and more sustainable High Shield laminates to its pharmaceutical packaging portfolio. This is low carbon, recycle-ready, and moisture resistant packaging solution, thus end use companies’ recyclability agendas
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
• The global flexible paper packaging market size was estimated at USD 50.35 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.
• The global seaweed packaging market size was valued at USD 699.23 million in 2023 and is expected to expand at a CAGR of 6.6% from 2024 to 2030.
Pharmaceutical Packaging Market Segmentation
Grand View Research has segmented the pharmaceutical packaging market on the basis of on material, product, drug delivery mode, end-use, and region:
Pharmaceutical Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Plastics & Polymers
o Polyvinyl Chloride (PVC)
o Polypropylene (PP)
o Homo
o Random
o Polyethylene Terephthalate (PET)
o Polyethylene (PE)
o HDPE
o LDPE
o LLDPE
o Polystyrene (PS)
o Others
• Paper & Paperboard
• Glass
• Aluminium Foil
• Others
Pharmaceutical Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)
• Primary
o Plastic Bottles
o Caps & Closures
o Parenteral Containers
o Syringes
o Vials & Ampoules
o Others
o Blister Packs
o Prefillable Inhalers
o Pouches
o Medication Tubes
o Others
• Secondary
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary
Pharmaceutical Packaging Drug Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)
• Oral Drugs
• Injectables
• Topical
• Ocular/ Ophthalmic
• Nasal
• Pulmonary
• Transdermal
• IV Drugs
• Others
Pharmaceutical Packaging End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Pharma Manufacturing
• Contract Packaging
• Retail Pharmacy
• Institutional Pharmacy
Pharmaceutical Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Turkey
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Southeast Asia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Egypt
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