Pharmaceutical Packaging Market Expected to Grow at a CAGR of ~ 6.4%

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NEW YORK, November 24, 2021 / PRNewswire / – The World Pharmaceutical packaging market is expected to reach approximately US $ 174.7 billion by 2031 due to growing demand for primary pharmaceutical packaging, increasing demand for drug delivery devices and blister packs, technological advancements, expansion of 3PL and other services and growth of the pharmaceutical industry in emerging markets.

The global pharmaceutical packaging market has been analyzed from three different perspectives – material type, product type, and region.

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Growth factors

  • The rapid spread of coronavirus disease (COVID-19) in almost every country in the world has resulted in severe consequences in all regions.
  • The first case of COVID-19 was discovered in Dec 2019, and at the end of Dec 2020, the number has jumped to over 90.3 million worldwide.
  • Many COVID-19 vaccine candidates have been approved by different countries or have obtained Emergency Use Authorization (EUA), with the aim of vaccinating the population to protect them and prevent the spread of the virus.
  • This factor is expected to boost the market to some extent during the forecast period.

Extracts from “Segmentation by product type”

The global pharmaceutical packaging market has been mainly segmented into eight distinct categories on the basis of product type, viz. glass and plastic bottles, syringes, blisters, vials and ampoules, tubes, caps and closures, cardboard boxes and other types of products (cartridges, bags and sachets, pre-fillable inhalers, pre-fillable syringes, labels and others ). The vials and ampoules segment is expected to be the fastest growing segment in the pharmaceutical packaging market during the forecast period. Government agencies and various organizations around the world are constantly striving to conduct their national immunization programs. As vaccines are mainly stored in vials, this factor is expected to drive the market growth. The worldwide COVID-19 vaccination campaign is also expected to propel the market.

Extracts from “Segmentation by region”

The global pharmaceutical packaging market has been segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). North America is expected to hold the largest share of the global pharmaceutical packaging market, followed by Asia Pacific, Europe & Rest of the world (RoW). Rapid technological advancements, the presence of a large number of leading pharmaceutical companies in the region, increasing government initiatives in the health sector, increasing investments in R&D activities, high per capita income and infrastructure Advanced healthcare are some of the key factors driving the North American market. .

Extracts from “Competitive Landscape”

The major players operating in the global pharmaceutical packaging market are

  • Gerresheimer AG
  • SCHOTT AG
  • Comics
  • Catalent, Inc
  • Western Pharmaceutical Services, Inc
  • Aptar Group, Inc
  • Nipro Europe group companies
  • WestRock Company
  • Berry Global Inc
  • Amcor plc

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  1. INTRODUCTION
    1. Market ecosystem
    2. Geographical scope
    3. Schedule under consideration
      1. Historical years – 2018 and 2019
      2. Baseline year – 2020
      3. Planned years – 2021 to 2031
    4. Currency used in the report
  2. RESEARCH METHODOLOGY
    1. Research approach
    2. Data collection methodology
    3. Information source
      1. Secondary sources
      2. Primary sources
    4. Market estimation approach
      1. From bottom to top
      2. From top to bottom
    5. Market forecasting model
    6. Limits and assumptions
  3. PREMIUM OVERVIEW
    1. Current market trend (COVID-19 perspective)
    2. Key players and their competitive positioning (2020)
  4. MARKET DYNAMICS
    1. Conductors
    2. Constraints / Challenges
    3. Opportunities
  5. GLOBAL PHARMACEUTICAL PACKAGING MARKET – ANALYSIS AND FORECAST, BY TYPE OF MATERIAL
    1. A glass
    2. Plastics
    3. Rubbers
    4. Paper / cardboard boards
    5. Metals
  6. GLOBAL PHARMACEUTICAL PACKAGING MARKET – ANALYSIS AND FORECAST, BY PRODUCT TYPE
    1. Glass and plastic bottles
    2. Syringes
    3. Packs of dressings
    4. Bottles & Ampoules
    5. Tubes
    6. Caps and closures
    7. Cardboard boxes
    8. Other types of products (cartridges, bags and pouches, prefillable inhalers, prefilled syringes, labels and others)

VALUE PROPOSALS RELATED TO THE REPORT:

  • Powered with free analyst hours and expert interviews with every report
  • Comprehensive quantitative and qualitative information at segment and sub-segment level
  • Trends and outlook for the impact of Covid 19
  • Granular information at global / regional / country level
  • In-depth information on market dynamics (drivers, constraints, opportunities) and the business environment
  • Global coverage of the competitive landscape
  • Winning imperatives
  • Exhaustive coverage of “strategic developments” recorded by the main market players

CUSTOMIZATION OPTIONS:

  • Distributor landscape assessment
  • Price information
  • Customer rating
  • Analysis of investments and initiatives
  • “Company profile” of the main players

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