The Pharmaceutical Container Market is likely to be valued at USD 95.3 billion in 2023. The estimated CAGR of 6.1% from 2023 to 2033 suggests that the global pharmaceutical container market is executed to reach a valuation of USD 172.4 billion by 2033.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2023) | USD 95.3 billion |
Anticipated Forecast Value (2033) | USD 172.4 billion |
Estimated Growth (2023 to 2033) | 6.1% CAGR |
Rising Global Healthcare Needs to Drive the Market Growth
The last few years saw substantial growth in the pharmaceutical industry due to various factors like the COVID-19 pandemic, the aging population, and the everlasting prevalence of chronic diseases like diabetes, hypertension, and renal diseases.
As the demand for medications worldwide continues to grow, the need for pharmaceutical containers to package and transport medical products like medications, vaccines, and healthcare supplies also experiences a significant surge.
Pharmaceutical companies worldwide are investing extensively to create innovative drugs and medical procedures like biologics, gene therapies, and precision medicines. These medical operations require specialized packaging to ensure the product's stability and safety of the patient consuming it.
These factors have made pharmaceutical containers crucial in the medicare industry, subsequently expanding the market.
The growth of the pharmaceutical container market is heavily dependent on global healthcare and medical services. Due to the recent pandemic, the healthcare industry has seen a tremendous surge in the last few years.
This also meant a need for the packaging of vast amounts of medications, vaccines, PPE kits, etc. This also witnessed significant growth in the market for pharmaceutical containers.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2018) | USD 69.73 billion |
Anticipated Forecast Value (2022) | USD 89.7 billion |
Estimated Growth (2018 to 2022) | 6.5% CAGR |
Product-wise, the pharmaceutical container market is segmented into bottles, vials and ampoules, blisters, bags and pouches, and many more. Bottles are essential for storing pharmaceutical products such as pills, capsules, and tablets.
They provide a protective barrier that shields medications from external factors like moisture, light, and contamination, which can degrade the quality and effectiveness of the drugs.
Attributes | Details |
---|---|
Product | Bottles |
Market share | 37.3% |
When it comes to products, bottles dominate the pharmaceutical container market with a global share of 37.3%. They are considered great dispensers that can help patients pour out the desired quantity of medication prescribed by healthcare providers. Bottles also have easy-to-open closures and clear labeling that cater to seniors and patients with disabilities.
The average global age is rising, and the pharmaceutical industry is constantly seeking alternatives like these that provide packaging solutions to promote accessibility and safety for this growing demographic.
Bottled pharmaceutical containers are also very easy to design, store, and transport, essential in the medicare field. As the demand for medications in the world continues to grow, bottled containers are set to dominate the pharmaceutical container market because of their flexibility, safety, and familiarity with consumers for an extended period.
Pharmaceutical packaging solutions companies continuously seek materials that are easy to mold into different shapes and sizes to accommodate diverse packaging needs. Plastic materials offer a wide range of options suitable for various pharmaceutical products, including tablets, capsules, liquids, and creams. Material-wise, plastic dominates the pharmaceutical container market with a global share of 62.3%.
Attributes | Details |
---|---|
Material | Plastic |
Market share | 62.3% |
Plastic is generally more cost-effective than alternative materials like glass or metal. This affordability is crucial for pharmaceutical companies looking to manage production costs without compromising quality.
They are also very lightweight, which becomes an important factor in transporting and distributing medications on long routes. Also, plastic is readily available in every part of the world, making manufacturing pharmaceutical containers comparatively less easy.
In the past few years, there has been a huge demand for bottled plastic pharmaceutical containers worldwide to support the growing healthcare infrastructure. Plastic materials continue to evolve and adapt to the evolving needs of the pharmaceutical sector, making them a trusted and preferred choice for packaging pharmaceutical products.
Region | Value Share in 2023 |
---|---|
Asia Pacific | 29.2% |
Europe | 22.7% |
North America | 10.7% |
Asia Pacific comprises two of the world’s most populous countries, India and China. These countries have significantly transformed the pharmaceutical industry in the last decade. This infrastructure development results from huge investments by international and local players in the healthcare packaging industry, leading to increased demand for pharmaceutical containers.
The government here has also invested heavily in promoting medical facilities among the residents. This has eventually made a huge impact on the pharmaceutical industry, which in turn drives the need for pharmaceutical containers for storage, distribution, and dispensing.
Europe is home to many developed countries, which have reached the highest peaks when it comes to the pharmaceutical industry. The development of innovative medical treatments and therapies has often driven the growth in the pharmaceutical container market to package and distribute these products.
These complex and sensitive products require specialized packaging to maintain product stability and safety during storage and transportation. This investment, hence, supports the growth of advanced Medicare and the pharmaceutical container market.
Pharmaceutical container consumers, such as patients and healthcare providers, have become conscious of the environmental footprint of their products. The majority of them prefer pharmaceuticals that are packed in environmentally friendly containers.
This considerable shift in consumer preferences has directly impacted the demand for pharmaceutical containers that use recyclable materials and minimize packaging waste.
Regulatory authorities in these respective countries also encourage the leading pharmaceutical companies to adopt sustainable packaging practices, which drives the demand for specialized pharmaceutical containers.
The Indian government's initiatives to promote the pharmaceutical sector, attract investments, and promote local pharmaceutical equipment manufacturing have fueled pharmaceutical production and increased the demand for pharmaceutical containers.
These policies have significantly supported the pharmaceutical industry to thrive, making India a significant player in the global pharmaceutical container market.
Country | India |
---|---|
Value CAGR (2023 to 2033) | 7.2% |
Thanks to its robust manufacturing capabilities and a competitive edge in producing a wide range of pharmaceutical products, China has the world's most advanced pharmaceutical industry, with many export opportunities. Chinese companies, hence, contribute significantly to the global pharmaceutical industry, subsequently expanding the drug packaging container market.
Country | China |
---|---|
Value CAGR (2023 to 2033) | 6.7% |
While visiting Thailand, medical tourists seek a wide range of healthcare services, including pharmaceutical treatments. This surge in demand for medications creates a substantial market for pharmaceutical companies.
To meet this demand, pharmaceutical manufacturers require reliable and efficient packaging solutions, which, in turn, fuels the growth of the pharmaceutical container market.
Country | Thailand |
---|---|
Value CAGR (2023 to 2033) | 6.1% |
The pharmaceutical container market is filled with opportunities and business growth due to the tremendous scope for innovation and adaptation to evolving industry needs.
The market experienced rapid growth during the pandemic as the demand for treatments and vaccines surged, but it is slowly declining as the immediate urgency subsides. How this change will impact the pharmaceutical container market's growth trajectory is still being determined.
Recent Developments in the Pharmaceutical Container Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Product, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Material, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Product, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Material, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Product, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Material, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Product, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 24: Western Europe Market Volume (Units) Forecast by Material, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Product, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by Material, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Product, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Material, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Product, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by Material, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Product, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Material, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by Material, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Material, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 16: Global Market Attractiveness by Product, 2023 to 2033
Figure 17: Global Market Attractiveness by Material, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Material, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 34: North America Market Attractiveness by Product, 2023 to 2033
Figure 35: North America Market Attractiveness by Material, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Material, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Material, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Material, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Product, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Material, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Material, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Product, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Material, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Material, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Material, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Material, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Product, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Material, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Material, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Material, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Material, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Material, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Material, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Product, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Material, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The market is anticipated to record a valuation of USD 95.3 billion in 2023.
India is the largest consumer of pharmaceutical containers, with a share of 7.2%
Amcor Plc Ardagh Group S.A., Becton, Dickinson and Company, and Berry Global Group, Inc. are some key players in the market.
The market is forecast to register a CAGR of 6.1% through 2033.
India is likely to register a growth of 7.2% in 2023.
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