Pharmaceutical Packaging Market Report: Trends, Forecast and Competitive Analysis

Trends, opportunities and forecast to 2023 by product (bottles, caps and closures, parenteral containers, blister packs, pre-fillable syringes, pre-fillable inhalers, pouches and others), material (plastic, glass, paper and paperboard, aluminum foil, and others), end user (pharmaceutical manufacturer and), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Global pharmaceutical packaging market is expected to reach $86.4 billion by 2023

The future of the global pharmaceutical packaging market looks good, driven by growth of the pharmaceutical industry along with improving healthcare services in developing economies. The global pharmaceutical packaging market is expected to reach an estimated $86.4 billion by 2023 and is forecast to grow at a CAGR of 5.5% from 2018 to 2023. In this market, plastic, glass, paper, and aluminum foil are the main material types.

In this market, plastic, glass, paper and paperboard, aluminum foil, and others are used for pharmaceutical packaging manufacturing for material. Lucintel forecasts that plastic packaging is expected to witness significant growth over the forecast period because plastic is lightweight and easy to handle. Plastics also have a superior aesthetic value and an excellent barrier against moisture and air.

Within the global pharmaceutical packaging market, bottles are expected to remain the largest product type driven by increased application in both solid and liquid oral medications as bottles provide convenience, safety, and security.

The study includes the market size and forecast for the global pharmaceutical packaging market through 2023, segmented by product, material, end user, and region, as follows:

Pharmaceutical Packaging Market by Product Type [Value ($ Million) from 2012 to 2023]:

Bottles
Caps & Closures
Parenteral Containers
Blister Packs
Pre-Fillable Syringes
Pre-Fillable Inhalers
Pouches
Others

Pharmaceutical Packaging Market by Material Type [Value ($ Million) from 2012 to 2023]:

Plastics
Paper and Paperboard
Glass
Aluminum Foil
Others

Pharmaceutical Packaging Market by End user [Value ($ Million) from 2012 to 2023]:

Pharmaceutical Manufactures
Contract Packaging

Pharmaceutical Packaging Market by Region [Value ($ Million) from 2012 to 2023]:

North America
Europe
APAC
ROW

pharmaceutical packaging market report