logo
logo
Sign in

Pharmaceutical Packaging Industry Demand, Recent Trends, Size and Share Estimation by 2028 with Top Players

avatar
Rushab Adsule

The global pharmaceutical packaging industry size is projected to reach USD 142.59 billion by 2027, exhibiting a CAGR of 6.0% during the forecast period. Steady growth in the number of older people in the world will bode well for this market, finds Fortune Business Insights™ in its report, titled “Pharmaceutical Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard), By Product (Plastic Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges), By Packaging Type (Primary, Secondary, and Tertiary), By Drug Delivery Mode (Oral Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Nasal Drug Delivery Packaging), and Regional Forecast, 2019-2026”. Estimates released by the Population Division of the UN Department of Economic and Social Affairs (DESA) indicate that the number of persons at or above 60-years of age will reach 2.1 billion by 2050.

Moreover, by the end of this decade itself older persons will outnumber children under the age of 10. Pharmaceutical packaging products are likely to experience high demand in this scenario as the uptake of drugs and their delivery mechanisms will inevitably spike as larger number of people get older at a faster rate. Moreover, novel packaging solutions such as prefilled inhalers and syringes can enable older persons to self-administer the drugs, eliminating the need to visit a hospital or clinic.

According to the report, the value of this market was at USD 90.23 billion in 2019. In addition, the report shares the following:

  • Detailed analysis of the various market drivers and trends;
  • Careful study of the market restraints;
  • Comprehensive examination of the regional dynamics of the market;
  • In-depth evaluation of the competitive landscape of the market; and
  • Exhaustive assessment of all the market segments.

 Industry Developments:

  • January 2020: UK-based Origin Pharma Packaging introduced a packaging solution exclusively designed and developed for the medicinal cannabis industry. The novel solution is available in a child-resistant jar to ensure safety of children from the product. The company also aims at supporting medicinal cannabis start-ups in the country with the launch of this packaging solution.
  • July 2019: US-based Berry Global completed its takeover of the UK-domiciled plastic packaging company, RPC Group, for approximately USD 6.5 billion. The acquisition allows Berry to become one of the leading providers of superior plastic packaging solutions as well as build one of the largest plastic packaging companies in the world.

List of Players Covered in the Pharmaceutical Packaging Market Report:

  • Gaplast Gmbh (Germany)
  • CCL Industries Inc. (Canada)
  • ALPLA-Werke Alwin Lehner GmbH & Co KG (Austria)
  • SABIC (Saudi Arabia)
  • NIPRO (Japan)
  • AptarGroup, Inc. (US)
  • West Pharmaceutical Services, Inc. (US)
  • Schott AG (Germany)
  • Nelipak Healthcare (Canada)
  • Gerresheimer AG (Germany)
  • Frank Noe Egypt Ltd (Egypt)
  • Constantia Flexibles (Austria)
  • Lonza Group AG (Switzerland)
  • Carcano Antonio S.p.A. (Italy)
  • Berry Global, Inc. (US)
  • WestRock (US)
  • Becton Dickinson & Company (US)
  • Pharma Packaging Solutions (US)
  • Origin Pharma Packaging (UK)
  • Amcor Plc (Switzerland)

View Related Reports: - https://www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860 

collect
0
avatar
Rushab Adsule
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more