Pharmaceutical Packaging – Material Advancements Vis-à-Vis Patient-Centric Developments
Protective measures have gained centerstage with the emphasis on the light-sensitiveness of drugs, alongside greater design flexibility, break-resistance, and improved barrier thresholds that continue to drive material advancements. Treatment administration is on a transformative phase with novel packaging device developments, with the industry’s move toward a more patient-centric and personalized medicines.
3 Key Factors Influencing the Pharmaceutical Packaging Market
Growth in Investment on Sustainable Pharmaceutical Packaging Solutions Leading to Increased Use of Bioplastics and Materials Such as Glass
Globally, both glass and metal are projected to register growth rates of over 4% and 6% respectively in the pharmaceutical packaging market, during the forecast period. Pharmaceutical packaging manufacturers are investing in recovery and recycling facilities in order to support the growing ecosystem for recyclable materials and recycled packaging solutions. Apart from these, plastic pharmaceutical packaging solutions such as thermoformed packaging are now increasingly being recycled to cater to specific pharmaceutical packaging needs. There is also more emphasis on R&D projects aimed at finding solutions to certain plastic recycling challenges such as those encountered while recycling multi-layer flexible pharmaceutical packaging solutions.
Anti-counterfeit Pharmaceutical Packaging to Grow in Demand to Maintain Product Integrity
A significant loss in revenue due to counterfeiting of products is not sustainable for companies. Therefore, the key would be for companies to reduce revenue loss due to complex supply chain issues, while investing more on procuring anti-counterfeit solutions for their drugs. Manufacturers of pharmaceutical packaging are expected to focus more on design-level innovations to enable pharmaceutical manufacturers to tackle this problem. It would be interesting to see how active, smart, and intelligent packaging solutions can help transform the global pharmaceutical packaging market during the next decade. Solutions such as track and trace systems and embedded watermarks are already being used in pharmaceutical packaging solutions. Growth of cold chain service providers has enabled intercontinental trade of drugs, thereby generating demand for labels and other track & trace solutions embedded in pharmaceutical packaging formats to enable real time tracking of drugs in transit. It would be challenging for packaging manufacturers to integrate intelligent packaging solutions without compromising on compliance.
New Biological Drug Formulations to Generate Demand for Specific Pharmaceutical Packaging Solutions
Research & development in the pharmaceutical industry is a never-ending process. New biological drug formulations will continue to propel demand for innovative pharmaceutical packaging solutions, which prevent drug interaction with the packaging material. One of the perfect examples for this is glass vials, which are experiencing changes in market demand. Some novel biologics have been found to be capable of delaminating glass, resulting in unwanted glass chipping in formulations. Therefore, going forward, manufacturers are forced to look for alternative production techniques to avoid glass chipping.
Pharmaceutical Packaging: Market Structure Analysis
- The global pharmaceutical packaging market is fragmented in nature as the top ten manufacturers account for around 1/5 of the market.
- Top companies operating in the global pharmaceutical packaging include Schott AG, Gerresheimer, and Ardagh Group SA. Furthermore, Tier-2 players, i.e. those who have a segmental revenue share in the range of 1-3% of the total pharmaceutical packaging market, cumulatively account for 55-65% of the global market.
- Most of the key players maintain a strategic presence and focus on the high value North America and Western Europe regions. However, with the lucrative growth opportunities being represented by the Asia Pacific pharmaceutical packaging market, it is anticipated that manufacturers will also eye the region for potentially opening new production facilities.
- Top players operating in the global pharmaceutical packaging market rely on sustainable, intelligent, and dynamic packaging solutions for product differentiation.
Market Set to Grow 1.7X between 2018 and 2028
New developments in primary packaging dosing has meant that older products are witnessing revived value, with the introduction of new features in the consumer OTC products, including on-the-versions and hygienic dispensing mechanisms. New developments are also materializing the objective of waste reduction and management.
High Attractiveness of Emerging Markets
Pharmaceutical packaging behemoths eye setting up facilities in emerging markets with relatively greater relaxations in FDI investment policies and lower government intervention. Stakeholders continue to vie in tapping latent potential of emerging markets for growth, as anti-counterfeiting pharmaceuticals packaging solutions gain emphasis to maintain the product integrity, influenced significantly by the high regulatory scrutiny.
The Broader Perspective
R&D investment directed toward sustainable advancements and innovation has become the cornerstone among the industry stakeholders, alongside growing efforts toward recovery and recycling of packaging materials. Pharmaceutical packaging manufacturers are also putting efforts to address challenges associated with the segregation and recycling of multi-layered flexible packaging solutions.
Bottles remain the top-selling category of pharmaceutical packaging, owing to their suitability for various drug formulations.
Vials & ampoules and blister packaging also remain lucrative, collectively accounting for approximately one-third market share
Gains from prefilled syringes & cartridges are estimated to grow at a relatively higher rate
Plastics continue to be the material of choice for pharmaceutical packaging, accounting for nearly 60% sales.
Glass and metal-based pharmaceutical packaging will also account for significant market shares
Gains from paper-based pharmaceutical packaging solutions will remain sluggish
How Growth will Unfold
Stakeholders are now focusing on filling the gaps in the distribution and supply chain, making the market impervious to counterfeit products. The upward trend of contract manufacturing and growing focus on child-resistant packaging allude at promising prospects of the pharmaceutical packaging landscape.
Paper | Metals | Plastics
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Pharmaceutical Packaging Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, “Pharmaceutical Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the pharmaceutical packaging market, the growth prospects of the market are obtained with maximum precision.
Pharmaceutical Packaging Market Taxonomy
The global pharmaceutical packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
By Product Type
- Bottles
- Packer Bottles
- Liquid Bottles
- Vials & Ampoules
- Blisters
- Bags & Pouches
- Prefilled syringes & cartridges
- Sachets
- Trays
- Tubes
- Containers, Jars & Others
By Material Type
- Plastic
- Polyethylene
- LDPE
- HDPE
- Polyvinyl chloride
- Polypropylene
- Polystyrene
- Polyethylene terephthalate
- Others (Polycarbonate)
- Polyethylene
- Glass
- Metals
- Paper
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East and Africa (MEA)
- Japan
What's Included
The report commences with the executive summary of the pharmaceutical packaging market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global pharmaceutical packaging market, along-with key facts about pharmaceutical packaging. It also includes graphical representation of the segments according to market size and growth rate.
Readers can find detailed taxonomy and definition of the pharmaceutical packaging market in this chapter, which will help them understand the basic information about pharmaceutical packaging present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the pharmaceutical packaging market report.
It includes a comprehensive analysis on the interplay of the key success factors influencing the market and market trends globally. Furthermore, to assess competition in the pharmaceutical packaging market, FMI has performed Porter’s five forces analysis. The section also covers other value-added information regarding the healthcare market outlook, macro-economic factors, co-relation analysis, packaging industry overview, country-wise healthcare expenditure, and growth opportunities for the market.
This section explains the global market value & volume analysis and forecast for the pharmaceutical packaging market between the forecast period of 2019-2029. It includes the detailed analysis of the historical pharmaceutical packaging market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
Based on product type, the pharmaceutical packaging market is segmented into bottles, vials & ampoules, blisters, bags & pouches, prefilled syringes & cartridges, sachets, trays, tubes, jars and containers. Bottles segment is sub-segmented into packer bottles and liquid bottles. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on material type, the pharmaceutical packaging market is segmented into plastic, glass, metal and paper. In this chapter, readers can find information about key segments during the forecast period.
This chapter explains how the Pharmaceutical packaging market is expected to grow across various geographical regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the North American pharmaceutical packaging market.
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the Latin American Pharmaceutical packaging market.
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the Western European pharmaceutical packaging market.
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the Eastern European pharmaceutical packaging market.
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the Asia Pacific excluding Japan (APEJ) pharmaceutical packaging market.
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the Middle East and Africa pharmaceutical packaging market.
This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Tonnes) analysis on the Japan pharmaceutical packaging market.
This chapter provides a comprehensive analysis on the market structure of manufacturers operating in the global pharmaceutical packaging market.
This chapter comprises of a market dashboard of key manufacturers with their comprehensive company profiles which include revenue, product portfolio, and SWOT analysis along with key market strategies.
Key players operating in the global pharmaceutical packaging market are– Amcor Limited, Schott AG, Gerresheimer AG, Berry Global, Inc., Klockner Pentaplast Group, Becton, Dickinson and Company, Catalent, Inc., Parekhplast India Ltd., Ardagh Group S.A., West Pharmaceutical Services, Inc., Uflex Ltd., ACG Pharmapack Pvt. Ltd., Bilcare Limited, Wipak Group, Mondi Group Plc, Sealed Air Corporation, Constantia Flexibles Group GmbH, Clondalkin Group Holdings B.V., Westrock Company, Piramal Glass Limited, and Bemis Company, Inc.
This section includes a detailed description of robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on a 3-dimensional model. We conducted about 45–60 min duration detailed interviews with pharmaceutical packaging manufacturers, and other channel partners, apart from this we also collected market feedback from industry experts.
This section includes a list of all assumptions & acronyms used in the report.
How the research was conducted?
Primary Research
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the pharmaceutical packaging Market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
Secondary Research
- Industry Journals
- Pharmaceutical Packaging Industry Growth
- Annual Reports/SEC filings/Investor Presentations
Primary Interview Splits
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