NEW YORK, Oct. 27, 2023 /PRNewswire/ — The global pharmaceutical packaging market size is estimated to grow by USD 48.88 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8.44%. North America will account for 31% of market growth during the forecast period. This growth is attributed to factors such as the increasing value of US pharmaceutical exports, rising healthcare spending, and aging population. Government health insurance programs are also boosting market growth. The US pharmaceutical industry receives a lot of venture capital investment, which further fuels the regional market’s growth. For more insights on the historic period (2017-2021) and forecast market size (2023-2027) – Request a sample report
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Pharmaceutical packaging market – Segmentation assessment
Segment overview
Technavio has segmented the market based on material (rigid plastic, flexible plastic, glass, and others), product (plastic bottles, caps and closures, blister packs, pre-fillable syringes, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The rigid plastic segment will account for a significant share of market growth during the forecast period. Rigid plastic bottles are generally made from polyethylene polymer. They can also be customized to various specifications. Rigid plastic packaging products are used for over-the-counter drugs such as oral drugs and tablets. Therefore, the increasing sales of over-the-counter drugs are expected to fuel the demand for rigid plastic packaging during the forecast period.
Insights on the market contribution of various segments, including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a sample report
Pharmaceutical packaging market – Market dynamics
Key factor driving market growth
The rise in R&D spending in the pharmaceutical industry is driving market growth.
Pharmaceutical companies are investing heavily in R&D, which is expected to increase the number of pharmaceutical products in the market.
Moreover, pharmaceutical manufacturers can lower their capital expenditure and operating cost by outsourcing packaging operations to third-party players, which would help them concentrate on their core business.
The rising R&D spending by pharmaceutical manufacturers is expected to increase the demand for innovative packaging to differentiate the products in the market.
These factors will fuel market growth during the forecast period.
Leading trends influencing the market
The rising demand for innovative lightweight materials is a leading trend in the market.
Suppliers are offering lightweight, high-performance corrugated grades to lower costs and improve packaging performance.
These packaging materials provide a barrier that is resistant to light, air, and moisture.
Materials such as hard plastic help protect the content from moisture, particulate, and oxidation. For instance, Amcor Plc has developed a lightweight, hot-fill beverage plastic bottle.
Therefore, the rise in the adoption of lightweight packaging materials will support the growth of the market during the forecast period.
Major challenges hindering the market growth
A fragmented marketplace will challenge market growth.
Established players focus on material production, product innovation, and high-volume supply, which increases suppliers’ unit cost of production.
The presence of many small vendors leads to price wars, as they offer products at lower prices.
Moreover, pharmaceutical manufacturers find it challenging to maintain profitability due to high raw material prices, transportation cost, and overall production cost.
Therefore, pharmaceutical manufacturers expect packaging companies to offer products at low prices.
These factors can negatively affect the growth of the market during the forecast period.
Insights on market drivers, trends, & challenges, historic period (2017 to 2021) and forecast period (2023 to 2027) – Request a sample report!
What are the key data covered in this pharmaceutical packaging market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the pharmaceutical packaging market between 2023 and 2027
Precise estimation of the size of the pharmaceutical packaging market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the pharmaceutical packaging market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of pharmaceutical packaging market vendors
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Related Reports:
The pharmaceutical contract packaging market is estimated to grow at a CAGR of 12.81% between 2022 and 2027. The size of the market is forecasted to increase by USD 6,006.87 million. This report extensively covers market segmentation by packaging (plastic bottles, blister packs, pouches, parenteral containers, and pre-filled syringes), type (primary, secondary, and tertiary), and geography (North America, APAC, Europe, Middle East and Africa, and South America).
The pharmaceutical glass packaging market is estimated to grow at a CAGR of 6% between 2022 and 2027. The size of the market is forecasted to increase by USD 5,742.88 million. This report extensively covers market segmentation by type (generic, branded, and biologic), product (bottles, ampoules and vials, syringes, and cartridges), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
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Pharmaceutical Packaging Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.44% |
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Market growth 2023-2027 |
USD 48,889.6 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
6.8 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 31% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
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Key companies profiled |
Amcor Plc, AptarGroup Inc., Ball Corp., Berry Global Inc., Becton Dickinson and Co., Constantia Flexibles Group GmbH, Datwyler Holding Inc., Gerresheimer AG, International Paper Co., Jabil Inc., James Alexander Corp., KP Holding GmbH and Co. KG, Nipro Corp., O I Glass Inc., SCHOTT AG, Vitro S.A.B. de C.V., West Pharmaceutical Services Inc., WestRock Co., Winpak Ltd., and Catalent Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio materials market reports
Table of contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global pharmaceutical packaging market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global pharmaceutical packaging market 2017 – 2021 (USD million)
4.2 Material Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Material Segment 2017 – 2021 (USD million)
4.3 Product Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 (USD million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Material
6.1 Market segments
Exhibit 30: Chart on Material – Market share 2022-2027 (%)
Exhibit 31: Data Table on Material – Market share 2022-2027 (%)
6.2 Comparison by Material
Exhibit 32: Chart on Comparison by Material
Exhibit 33: Data Table on Comparison by Material
6.3 Rigid plastic – Market size and forecast 2022-2027
Exhibit 34: Chart on Rigid plastic – Market size and forecast 2022-2027 (USD million)
Exhibit 35: Data Table on Rigid plastic – Market size and forecast 2022-2027 (USD million)
Exhibit 36: Chart on Rigid plastic – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Rigid plastic – Year-over-year growth 2022-2027 (%)
6.4 Flexible plastic – Market size and forecast 2022-2027
Exhibit 38: Chart on Flexible plastic – Market size and forecast 2022-2027 (USD million)
Exhibit 39: Data Table on Flexible plastic – Market size and forecast 2022-2027 (USD million)
Exhibit 40: Chart on Flexible plastic – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Flexible plastic – Year-over-year growth 2022-2027 (%)
6.5 Glass – Market size and forecast 2022-2027
Exhibit 42: Chart on Glass – Market size and forecast 2022-2027 (USD million)
Exhibit 43: Data Table on Glass – Market size and forecast 2022-2027 (USD million)
Exhibit 44: Chart on Glass – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Glass – Year-over-year growth 2022-2027 (%)
6.6 Others – Market size and forecast 2022-2027
Exhibit 46: Chart on Others – Market size and forecast 2022-2027 (USD million)
Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 (USD million)
Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Material
Exhibit 50: Market opportunity by Material (USD million)
Exhibit 51: Data Table on Market opportunity by Material (USD million)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 52: Chart on Product – Market share 2022-2027 (%)
Exhibit 53: Data Table on Product – Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 54: Chart on Comparison by Product
Exhibit 55: Data Table on Comparison by Product
7.3 Plastic bottles – Market size and forecast 2022-2027
Exhibit 56: Chart on Plastic bottles – Market size and forecast 2022-2027 (USD million)
Exhibit 57: Data Table on Plastic bottles – Market size and forecast 2022-2027 (USD million)
Exhibit 58: Chart on Plastic bottles – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Plastic bottles – Year-over-year growth 2022-2027 (%)
7.4 Caps and closures – Market size and forecast 2022-2027
Exhibit 60: Chart on Caps and closures – Market size and forecast 2022-2027 (USD million)
Exhibit 61: Data Table on Caps and closures – Market size and forecast 2022-2027 (USD million)
Exhibit 62: Chart on Caps and closures – Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Caps and closures – Year-over-year growth 2022-2027 (%)
7.5 Blister packs – Market size and forecast 2022-2027
Exhibit 64: Chart on Blister packs – Market size and forecast 2022-2027 (USD million)
Exhibit 65: Data Table on Blister packs – Market size and forecast 2022-2027 (USD million)
Exhibit 66: Chart on Blister packs – Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Blister packs – Year-over-year growth 2022-2027 (%)
7.6 Pre-fillable syringes – Market size and forecast 2022-2027
Exhibit 68: Chart on Pre-fillable syringes – Market size and forecast 2022-2027 (USD million)
Exhibit 69: Data Table on Pre-fillable syringes – Market size and forecast 2022-2027 (USD million)
Exhibit 70: Chart on Pre-fillable syringes – Year-over-year growth 2022-2027 (%)
Exhibit 71: Data Table on Pre-fillable syringes – Year-over-year growth 2022-2027 (%)
7.7 Others – Market size and forecast 2022-2027
Exhibit 72: Chart on Others – Market size and forecast 2022-2027 (USD million)
Exhibit 73: Data Table on Others – Market size and forecast 2022-2027 (USD million)
Exhibit 74: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 75: Data Table on Others – Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Product
Exhibit 76: Market opportunity by Product (USD million)
Exhibit 77: Data Table on Market opportunity by Product (USD million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 79: Chart on Market share by geography 2022-2027 (%)
Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 81: Chart on Geographic comparison
Exhibit 82: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 83: Chart on North America – Market size and forecast 2022-2027 (USD million)
Exhibit 84: Data Table on North America – Market size and forecast 2022-2027 (USD million)
Exhibit 85: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 87: Chart on Europe – Market size and forecast 2022-2027 (USD million)
Exhibit 88: Data Table on Europe – Market size and forecast 2022-2027 (USD million)
Exhibit 89: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 91: Chart on APAC – Market size and forecast 2022-2027 (USD million)
Exhibit 92: Data Table on APAC – Market size and forecast 2022-2027 (USD million)
Exhibit 93: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 95: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)
Exhibit 96: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)
Exhibit 97: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 99: Chart on South America – Market size and forecast 2022-2027 (USD million)
Exhibit 100: Data Table on South America – Market size and forecast 2022-2027 (USD million)
Exhibit 101: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 103: Chart on US – Market size and forecast 2022-2027 (USD million)
Exhibit 104: Data Table on US – Market size and forecast 2022-2027 (USD million)
Exhibit 105: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 UK – Market size and forecast 2022-2027
Exhibit 107: Chart on UK – Market size and forecast 2022-2027 (USD million)
Exhibit 108: Data Table on UK – Market size and forecast 2022-2027 (USD million)
Exhibit 109: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.10 China – Market size and forecast 2022-2027
Exhibit 111: Chart on China – Market size and forecast 2022-2027 (USD million)
Exhibit 112: Data Table on China – Market size and forecast 2022-2027 (USD million)
Exhibit 113: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on China – Year-over-year growth 2022-2027 (%)
9.11 Canada – Market size and forecast 2022-2027
Exhibit 115: Chart on Canada – Market size and forecast 2022-2027 (USD million)
Exhibit 116: Data Table on Canada – Market size and forecast 2022-2027 (USD million)
Exhibit 117: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 118: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.12 Germany – Market size and forecast 2022-2027
Exhibit 119: Chart on Germany – Market size and forecast 2022-2027 (USD million)
Exhibit 120: Data Table on Germany – Market size and forecast 2022-2027 (USD million)
Exhibit 121: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 122: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 123: Market opportunity by geography (USD million)
Exhibit 124: Data Tables on Market opportunity by geography (USD million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 125: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 127: Overview on factors of disruption
11.4 Industry risks
Exhibit 128: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 129: Vendors covered
12.2 Market positioning of vendors
Exhibit 130: Matrix on vendor position and classification
12.3 Amcor Plc
Exhibit 131: Amcor Plc – Overview
Exhibit 132: Amcor Plc – Business segments
Exhibit 133: Amcor Plc – Key news
Exhibit 134: Amcor Plc – Key offerings
Exhibit 135: Amcor Plc – Segment focus
12.4 AptarGroup Inc.
Exhibit 136: AptarGroup Inc. – Overview
Exhibit 137: AptarGroup Inc. – Business segments
Exhibit 138: AptarGroup Inc. – Key offerings
Exhibit 139: AptarGroup Inc. – Segment focus
12.5 Ball Corp.
Exhibit 140: Ball Corp. – Overview
Exhibit 141: Ball Corp. – Business segments
Exhibit 142: Ball Corp. – Key offerings
Exhibit 143: Ball Corp. – Segment focus
12.6 Berry Global Inc.
Exhibit 144: Berry Global Inc. – Overview
Exhibit 145: Berry Global Inc. – Business segments
Exhibit 146: Berry Global Inc. – Key news
Exhibit 147: Berry Global Inc. – Key offerings
Exhibit 148: Berry Global Inc. – Segment focus
12.7 Becton Dickinson and Co.
Exhibit 149: Becton Dickinson and Co. – Overview
Exhibit 150: Becton Dickinson and Co. – Business segments
Exhibit 151: Becton Dickinson and Co. – Key news
Exhibit 152: Becton Dickinson and Co. – Key offerings
Exhibit 153: Becton Dickinson and Co. – Segment focus
12.8 Catalent Inc.
Exhibit 154: Catalent Inc. – Overview
Exhibit 155: Catalent Inc. – Business segments
Exhibit 156: Catalent Inc. – Key news
Exhibit 157: Catalent Inc. – Key offerings
Exhibit 158: Catalent Inc. – Segment focus
12.9 Constantia Flexibles Group GmbH
Exhibit 159: Constantia Flexibles Group GmbH – Overview
Exhibit 160: Constantia Flexibles Group GmbH – Product / Service
Exhibit 161: Constantia Flexibles Group GmbH – Key news
Exhibit 162: Constantia Flexibles Group GmbH – Key offerings
12.10 Datwyler Holding Inc.
Exhibit 163: Datwyler Holding Inc. – Overview
Exhibit 164: Datwyler Holding Inc. – Business segments
Exhibit 165: Datwyler Holding Inc. – Key offerings
Exhibit 166: Datwyler Holding Inc. – Segment focus
12.11 Gerresheimer AG
Exhibit 167: Gerresheimer AG – Overview
Exhibit 168: Gerresheimer AG – Business segments
Exhibit 169: Gerresheimer AG – Key news
Exhibit 170: Gerresheimer AG – Key offerings
Exhibit 171: Gerresheimer AG – Segment focus
12.12 Jabil Inc.
Exhibit 172: Jabil Inc. – Overview
Exhibit 173: Jabil Inc. – Business segments
Exhibit 174: Jabil Inc. – Key offerings
Exhibit 175: Jabil Inc. – Segment focus
12.13 Nipro Corp.
Exhibit 176: Nipro Corp. – Overview
Exhibit 177: Nipro Corp. – Business segments
Exhibit 178: Nipro Corp. – Key offerings
Exhibit 179: Nipro Corp. – Segment focus
12.14 SCHOTT AG
Exhibit 180: SCHOTT AG – Overview
Exhibit 181: SCHOTT AG – Business segments
Exhibit 182: SCHOTT AG – Key news
Exhibit 183: SCHOTT AG – Key offerings
Exhibit 184: SCHOTT AG – Segment focus
12.15 West Pharmaceutical Services Inc.
Exhibit 185: West Pharmaceutical Services Inc. – Overview
Exhibit 186: West Pharmaceutical Services Inc. – Business segments
Exhibit 187: West Pharmaceutical Services Inc. – Key news
Exhibit 188: West Pharmaceutical Services Inc. – Key offerings
Exhibit 189: West Pharmaceutical Services Inc. – Segment focus
12.16 WestRock Co.
Exhibit 190: WestRock Co. – Overview
Exhibit 191: WestRock Co. – Business segments
Exhibit 192: WestRock Co. – Key news
Exhibit 193: WestRock Co. – Key offerings
Exhibit 194: WestRock Co. – Segment focus
12.17 Winpak Ltd.
Exhibit 195: Winpak Ltd. – Overview
Exhibit 196: Winpak Ltd. – Business segments
Exhibit 197: Winpak Ltd. – Key offerings
Exhibit 198: Winpak Ltd. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 199: Inclusions checklist
Exhibit 200: Exclusions checklist
13.3 Currency conversion rates for USUSD
Exhibit 201: Currency conversion rates for USUSD
13.4 Research methodology
Exhibit 202: Research methodology
Exhibit 203: Validation techniques employed for market sizing
Exhibit 204: Information sources
13.5 List of abbreviations
Exhibit 205: List of abbreviations
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio