Biodegradable Pharmaceutical Packaging Market Size, Share, and COVID-19 Impact Analysis By Material (Paper & Paperboard, Glass, Plastic, and Metal), By Product Type (Bottles, Bags & Pouches, Sachets, Blisters, Vials & Ampoules, and Others), and Regional Forecast, 2024-2032

Biodegradable packaging is eco-friendly, reusable, and easily recyclable. The increase in the demand for sustainable packaging from customers and the government compelled manufacturers to change their materials. The stringent laws and regulations imposed by the government will enhance the growth of the biodegradable pharmaceutical packaging market. Intake of medicines has increased due to the rise in chronic diseases that increase biodegradable waste. To reduce waste, the market for biodegradable packaging has thrived. The growing concern for health among the young generation leads to the demand for protein, vitamin capsules & tablets, further cushioning the market growth.

• For instance, in June 2022, Constantia Flexibles, the leading manufacturer of flexible packaging, launched mono-material polypropylene (PP) laminates PERPETUA ALTA with a high chemical barrier. The new packaging replaces the traditional multi-layered packaging, which is very easy to recycle compared to the traditional one.

Bioplastic is a biodegradable material made from recyclable materials and easy to reuse. The innovation of bioplastic is considered to decrease the waste generated by the pharmaceutical industry and provide a sustainable source to the manufacturers. It will propel the growth of the biodegradable pharmaceutical packaging market. Generally, the packaging is done to protect the product. Still, during storage or transportation, if the product comes in contact with light or severe sunlight, it reacts with the packaging materials. It could lead to a change in the composition of the medicines o formulas. Biodegradable paper or glass packaging will protect products from microorganisms and the outside environment and fuel the biodegradable pharmaceutical packaging market's growth.

Biodegradable packaging is sustainable, but the initial costs are high, making the packaging costlier. Due to this, manufacturers limit the use of such materials, further hampering the market growth. The lack of infrastructure and machinery for developing biodegradable packaging material is also projected to hinder the growth of this market. Developing countries will face these challenges as resources are scarce, and it will increase the cost of packaging.

IMPACT OF COVID-19 ON THE BIODEGRADABLE PHARMACEUTICAL PACKAGING MARKET

COVID-19 has impacted every industry differently. There was a disruption in the supply chain, and production units were shut down. However, the pharmaceutical industry has seen rapid demand and a sharp increase in its growth. The demand for medicines worldwide increased rapidly even though there was a time when the market had a shortage of medicines and some necessary formulas. Moreover, the demand for secondary packaging increased as it provides major protection from the surroundings. The post phase of COVID-19 increased the demand for biodegradable packaging as people become more environmentally concerned and do not want to harm nature.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Biodegradable Pharmaceutical Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Biodegradable Pharmaceutical Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into paper & paperboard, glass, plastic, and metal. Plastic dominates the market of biodegradable pharmaceutical packaging. Plastic is less weight, more durable, and provides better protection during storage and transportation. Using recyclable plastic and bioplastic will help fuel this segment's growth.

ANALYSIS BY PRODUCT TYPE

Based on the product type, the market is segmented into bottles, bags & pouches, sachets, blisters, vials & ampoules, and others. The bottling segment holds the largest share of the biodegradable pharmaceutical packaging market. Bottles are reusable and provide more space to pack the tablets in them. The use of bottles in storing liquid dosages and syrups will propel the growth of this segment.

REGIONAL ANALYSIS

The biodegradable pharmaceutical packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market of biodegradable pharmaceutical packaging market. The well-established pharmaceutical industries and rise in technical advancement boost regional growth. Asia Pacific is the fastest-growing biodegradable pharmaceutical packaging market. The growing pharmaceutical industries due to the rising population & demand for biodegradable packaging drive regional growth. The European market is experiencing rapid demand due to strict government regulations against plastic and other non-sustainable products. Rapid urbanization has increased the pharmaceutical industries in Latin America, and the awareness of sustainable packaging among people is anticipated to cushion the region's growth. The biodegradable pharmaceutical packaging market in the Middle East and Africa is anticipated to grow steadily due to growing health awareness and the aging population.

KEY PLAYERS COVERED

The report will include profiles of key players such as Gerresheimer AG, Berry Global, DS Smith PLC, Smurfit Kappa, Schott AG, WestRock, West Pharmaceutical Services, Aptar Group Inc, Mondi Group, Drug Plastics Group, among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• January 2023: Aptar Pharma, part of AptarGroup, Inc., launched APF Futurity, a metal-free nasal spray. It comprises polyolefin materials with recycling disruptors and is easily recyclable.


• May 2022: Bormioli Pharma, a plastic and glass manufacturer of primary packaging, launched the EcoPositive label for all sustainable packaging. It includes recycled plastic and glass products and makes bio-based and biodegradable packaging.


• October 2020: Softbox, a leading global temperature packaging provider for pharmaceutical and life science, launched Tempcell ECO. It is a temperature control parcel shipper made from corrugated cardboard. This biodegradable packaging is developed to transport temperature-sensitive pharmaceutical products.