North America has asserted its dominance in the market, commanding a substantial 21.2% revenue share in 2022, a trend set to continue with a projected Pharmaceutical Unit Dose Packaging Market share of 38.6% by the end of the forecast period. The region’s success is attributed to the presence of key pharmaceutical plastic bottle manufacturers, such as Gerresheimer AG, AptarGroup Inc., Amcor Ltd., and Berry Plastics Group, Inc., driving demand for single-dose pharmaceutical bottles.
This growth is further buoyed by thriving economies, an aging population, and advanced medical delivery systems. With a robust primary medical community, increasing research endeavors in life and medical sciences heightened healthcare spending, and a significant pharmaceutical and medical supply industry presence, demand for these products is expected to rise.
The United States alone contributed 11.90% of revenue share in 2022 and is projected to reach 12.8% industry share by 2023. The correctional setting in the U.S. sees strong medication adherence, with many incarcerated individuals relying on external pharmacies to fulfill their prescriptions. Some facilities may have an onsite pharmacist, but often, they depend on centralized medication supply systems, supported by onsite nurse managers, emphasizing the need for low-effort dispensing administration systems like unit dose packaging to ensure patient adherence.
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The global pharmaceutical unit dose packaging market is on a remarkable growth trajectory, with a forecasted valuation of US$ 34.2 billion in 2023 and a projected surge to US$ 136 billion by 2033, reflecting an impressive compound annual growth rate (CAGR) of 14.8%. This surge is largely attributed to the thriving pharmaceutical sector, which continues to expand rapidly due to significant technological and scientific advancements.
The pharmaceutical industry’s dynamic growth is a key driver behind the increasing demand for pharmaceutical unit dose packaging solutions. As pharmaceutical companies seek to optimize their operations and meet the growing global healthcare needs, efficient and precise unit dose packaging becomes essential.
Another significant factor fueling the market’s growth is the mounting concern about drug wastage. Medication wastage not only has a substantial financial impact on the healthcare system but also contributes to adverse environmental consequences. Consequently, the adoption of unit dose packaging is gaining prominence as a sustainable solution, further propelling the market’s upward trajectory. As the pharmaceutical industry evolves and emphasizes efficiency and sustainability, unit dose packaging is poised to play a pivotal role in its continued success.
An increase in the supply of active pharmaceutical ingredients (APIs) is further fuelling the demand for blister-based unit dose packaging. The new developments in API manufacturing and development facilities are helping the market to grow.
A surge in demand for child-resistant and senior-friendly packaging is further boosting product demand. Unit dose packaging options are designed to avoid accidental ingestion of drugs by children and older adults. This help in improving patient safety and minimizing the risk of medication errors. Furthermore, the increasing number of prescription drugs is increasing revenue growth.
A rise in global spending on medicine is positively impacting the blister unit dose pharmaceutical packaging. Various developed countries are witnessing a better adoption rate for improved healthcare diagnostics and overall standards, including medicine. This is anticipated to augment growth in the industry.
An increase in drug consumption rate is further driving product demand. On the other hand, the evolution of e-commerce platforms is contributing to simplifying drug access and also complying with the strict regulations for safe logistics.
Key Takeaways
- North America is expected to dominate the industry by accumulating over 38.6 % revenue share by end of the forecast period.
- The market in India is projected to witness the fastest CAGR of 7.90% during the forecast period.
- China is projected to exhibit a 6.90 % of CAGR in Pharmaceutical Unit Dose Packaging industry.
- By packaging type, vials are projected to account for 35% market share by end of the forecast period.
- By material type, Plastic is expected to lead the market by withholding 47.9 % of revenue share in 2023.
“A surge in demand for over-the-counter drugs will especially create a favorable ground for pharmaceutical packaging materials. In addition, increasing preference for single-dose packaging formats, and rapid expansion of e-Pharmacy will further propel growth in the market”- comments an FMI Analyst
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Competitive Landscape
The Pharmaceutical Unit Dose Packaging market is extremely competitive and consists of numerous key industry players. These players are innovating new products in the respiratory devices domain. This is expected to propel the pharmaceutical unit dose packaging market. The key industry players are:
Gerresheimer AG, West Pharmaceuticals Services, Inc, Schott AG, SGD SA, Stevanato Group S.p.a., Klockner Pentaplast Group, UDG Healthcare plc., Nipro Corporation, Amcor plc., Adelphi Healthcare Packaging, Winpak Ltd., Berry Global, Inc., Comar LLC, Constantia Flexibles Group GmbH, Catalent Inc., Becton, Dickinson and Company, Pacific Vial Manufacturing Inc., Sonoco Products Company, WestRock Company, AptarGroup, Inc.
Key market players are leveraging on inorganic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global Pharmaceutical Unit Dose Packaging Industry.
- In May 2021, ‘Gerresheimer’ showcased a new platform for on body infusion pump “SensAIR” that can deliver drugs of high viscosity. It is simple to use and helps in the self-determination of medication.
- In January 2022, ‘Berry Global Group’ and ‘Raw Elements USA’ collaborated to introduce a sugarcane-based sustainable tube. The tubes are manufactured from waste sugarcane, which is converted into high-density polyethylene and low-density polyethylene to make a material with the same chemical composition as polyethylene obtained from fossil fuels.
- In June 2021, Amcor PLC introduced the ‘ACT2100’ heat seal coating for use with medical-grade DuPont Tyvek2 and paper packaging. This innovative coating process enhances the performance characteristics of medical applications.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global pharmaceutical unit dose packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the pharmaceutical unit dose packaging industry, the market is segmented on the basis of product, material, end-use, and regions.
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Key Segments:
By Product:
- Blisters
- Ampoules
- Vials
- Prefilled Syringes & Cartridges
By Material:
- Plastic
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- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Aluminium
- Glass
- Paper & Paperboard
By End Use:
- Ophthalmic
- Injectable
- Biologics
- Wound Care
- Respiratory Therapy
- Orals
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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