The global pharmaceutical contract packaging market is forecasted to be valued at US$ 11,586 Million by 2032, up from US$ 5,674 Million in 2022, projecting a CAGR of 7.4% during the forecast period.
It is projected that the expanding ageing population would increase the prevalence of diseases like diabetes and asthma, which will boost the growth of the pharmaceutical contract packaging industry.
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The pharmaceutical contract packaging market size is establishing mutually beneficial collaborations with Contract Packaging Organizations (CPOs) and Contract Development & Manufacturing (CDMOs) to prevent a lack of resources and budgets. Furthermore, the deployment of serialisation, which requires barcodes and the transfer of significant amounts of data in the delivery of medicines, is expected to increase the usage of pharmaceutical contract packaging.
One of the most recent changes in the pharmaceutical contract packaging industry is the increase in the predominance of pharmaceuticals that are atmosphere-sensitive. Additionally, it is anticipated that the ageing population in industrialised countries, which is heavily dependent on pharmaceuticals for sustaining good health, will increase demand for pharmaceutical contract packaging.
Competition Landscape of the Pharmaceutical Contract Packaging Market
Improving pharmaceutical packaging so that it can withstand adverse environmental conditions is a major priority for key players in the pharmaceutical contract packaging market share.
Some of the key players in the pharmaceutical contract packaging market are Catalent Pharma Solutions, Patheon, Baxter BioPharma Solutions, AbbVie Contract Manufacturing, Pfizer CentreSource, Daito Pharmaceutical, Nipro Corporation, Becton Dickinson & Company, AptarGroup Inc., Drug Plastics Group, Gerresheimer AG, Schott AG, Owens Illinois Inc., WestRock Company SGD S.A., International Paper Company, COMAR LLC, CCL Industries Inc., Vetter Pharma International, Adelphi Healthcare Packaging, Sharp Corporation, Amcor Limited, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Owens-Illinois Inc., West Pharmaceuticals Services Inc., Schott Pharmaceuticals Services Inc., RPC Group Plc, Graphic Packaging International Inc., etc.
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Key Segments
By Type:
- Flexible Packaging
- Plastic/Glass Containers
- Caps/Closures
By Form:
- Oral
- Injectable
By Application:
- Autacoids & Related Drugs
- Contraceptives
- Hormone Replacement
- Cardiovascular Medicines
- Cancer Therapies
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By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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