Future Market Insights (FMI) has released a report forecasting significant growth for the global sustainable pharmaceutical packaging market. The market size is anticipated to be worth US$ 410 billion by 2034, with a projected Compound Annual Growth Rate (CAGR) of 15.6% until 2034. In 2024, the market size stands at US$ 96 billion.
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Key Market Highlights
- Compostable Packaging Materials: The pharmaceutical sector is increasingly adopting compostable pharmaceutical packaging materials to address environmental concerns related to conventional packaging materials. These materials support ecological responsibility, reduce waste, and enhance brand perception, aligning with customer desires for eco-friendly packaging.
- Robotics and Automation Integration: Robotics and automation are becoming integral to green pharmaceutical packaging operations, enhancing productivity, accuracy, and efficiency. Automation technology helps businesses achieve sustainability objectives by reducing energy usage, waste production, and environmental damage caused by manual procedures.
- Modular and Reconfigurable Packaging Solutions: Developing modular and reconfigurable pharmaceutical packaging solutions maximizes effectiveness and versatility while minimizing material waste. These solutions improve sustainability measures, reduce costs, and expedite packaging operations, aligning with lean manufacturing principles.
Sustainable Pharmaceutical Packaging Market Trends
Trends:
- Investigation of edible pharmaceutical packaging materials as a sustainable alternative.
- Implementation of recyclable pharmaceutical packaging materials to mitigate plastic waste.
- Development of closed-loop systems to enhance supply chain sustainability.
- Growing use of 3D printing technology in pharmaceutical packaging.
- Utilization of renewable energy sources in sustainable packaging production.
Opportunities:
- Rise in e-commerce pharmaceutical sales driving demand for environment-conscious packaging.
- Adoption of blockchain technology to enhance supply chain transparency and customer trust.
- Growing environmental consciousness in emerging markets provides opportunities for sustainable packaging adoption.
- Innovative approaches to cold chain packaging for temperature-sensitive pharmaceuticals.
- Creation of bio-based pharmaceutical packaging solutions with natural source additives.
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Challenges:
- Concerns about greenwashing undermining confidence in sustainable projects.
- Lack of recycling infrastructure for certain sustainable packaging materials in closed-loop systems.
Key Takeaways from the Sustainable Pharmaceutical Packaging Market Report
- The global sustainable pharmaceutical packaging market size expanded at an 18.8% CAGR through 2034.
- The plastic and polymer segment is projected to rise at a 15.3% CAGR through 2034.
- The primary product segment is expected to develop at an 18.5% CAGR through 2034.
- The market size in the United States is projected to rise at a 15.7% CAGR through 2034.
- The market size in Japan is anticipated to develop at a 17.0% CAGR through 2034.
- The market size in the United Kingdom is estimated to surge at a 16.3% CAGR through 2034.
- The market size in South Korea is expected to thrive at an 18.2% CAGR through 2034.
Future Growth Opportunities in the Sustainable Pharmaceutical Packaging Industry:
- Smart Packaging Solutions: Integration of smart technologies like RFID tags and sensors into sustainable packaging to enhance supply chain visibility, improve product safety, and enable better patient engagement.
- Reusable Packaging Systems: Adoption of reusable packaging systems for pharmaceutical products to reduce waste generation, lower costs, and improve environmental sustainability.
- Personalized Packaging: Customized packaging solutions that cater to individual patient needs and dosage requirements, reducing over-packaging and minimizing environmental impact.
- Circular Economy Initiatives: Implementation of circular economy principles such as closed-loop recycling and product stewardship programs to ensure the continuous use of materials and minimize resource depletion.
- Carbon-Neutral Packaging: Development of carbon-neutral packaging solutions that minimize greenhouse gas emissions throughout the product lifecycle, aligning with pharmaceutical companies’ sustainability goals and reducing their carbon footprint.
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Key Players:
- Amcor plc
- AptarGroup, Inc.
- Gerresheimer AG
- Berry Global, Inc.
- West Pharmaceutical Services, Inc.
- Schott AG
- Uflex Ltd.
- Winpak Ltd.
- Constantia Flexibles Group GmbH
- Klöckner Pentaplast Group
Market Segmentation:
By Material:
- Plastic and Polymer
- Paper and Paper Board
- Glass
- Aluminium Foil
- Others
By Product:
- Primary
- Secondary
- Tertiary
By End Use:
- Pharma Manufacturing
- Contract Packaging
- Retail Pharmacy
- Institutional Pharmacy
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Japan
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.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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