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Pharmaceutical contract packaging is a packaging service that is majorly opted by pharmaceutical companies to reduce their operational costs and focus on their main operation of drug manufacturing. The contract packaging ensures that the pharmaceutical companies meet the serialization requirements regulated by government bodies. The cost-effective and convenient choice of packaging offered by contract services boosts market growth. Moreover, the rising investments by government bodies, organizations, and manufacturers also drive market development.
The rapidly increasing demand for sustainable and reusable packaging and the augmenting prevalence of atmosphere-sensitive drugs is a major factor driving the market growth. Additionally, the rising number of new drug approvals also boosts the growth of the global pharmaceutical contract packaging market.
Despite the significant benefits of pharmaceutical contract packaging, a few factors are limiting the market growth. The easy availability of manufacturers' in-house packaging options is a major hindrance to the market. In addition, the rising risk of poor packaging quality and the spread of counterfeit drugs also impede the market growth.
The COVID-19 pandemic had a crucial impact on various end-use industries. However, the growing pharmaceutical industry positively influenced the expansion of pharmaceutical contract packaging during the pandemic. The rising demand for bulk and cost-effective pharmaceutical packaging solutions has driven the market growth.
By Material | By Product Type | By Drug Delivery Mode | By Geography |
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The report covers the following key insights:
Based on material, the market is segmented into plastic, paper & paperboard, glass, metal, and others.
The plastic segment dominates the global pharmaceutical contract packaging market. The material is most versatile owing to its light, flexible, and cost-effective features, due to which it can be used to produce pharmaceutical packaging of various shapes and sizes. Moreover, as it is hard to break, it is mainly utilized in the manufacturing of syringes, bottles, and other products.
Based on product type, the market is segmented into bottles, vials & ampoules, blister packs, boxes & cartons, trays, and others.
The bottles segment leads the global market. The exceptional barrier properties offered by the bottles are crucial in protecting pharmaceutical products from external factors such as moisture, light, and oxygen, which can compromise their stability and efficacy.
Based on the drug delivery mode, the market is segmented into oral drug delivery, pulmonary drug delivery, nasal drug delivery, topical drug delivery, injectable drug delivery, and others.
The oral drug delivery segment is anticipated to dominate the market. High patient compliance, least sterility constraints, cost-effectiveness, flexibility in the design of dosage form and ease of production are the major factors that enhance the demand for oral drug delivery mode.
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The pharmaceutical contract packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is the dominating region in the global pharmaceutical contract packaging market. The rapidly growing demand for biological therapies and rigid protocols associated with packaging processes has boosted the demand for contract pharmaceutical packaging, further driving regional growth. Moreover, the presence of a large number of contract pharmaceutical packaging companies also aids regional growth.
North America is the second-dominating region and is forecasted to grow massively over the upcoming years. The rising demand for personalized medicine and the adoption of innovative packaging methods to fulfill the rapidly changing consumer preferences in the U.S. is contributing to the regional growth.
The strong healthcare infrastructure, along with the rising demand for pharmaceutical drugs in Europe, boosts the market growth in this region.
Latin America is the fastest-growing region and will experience mounting demand due to the need for contract manufacturing and packaging of major pharmaceutical products. The soaring pharmaceutical sector and rising demand for cost-effective packaging solutions in the Middle East & African region boost the market growth.
The report includes the profiles of key players such as Tjoapack, CCL Industries, Sharp Services LLC, Gerresheimer AG, Vetter Pharma International GmbH, Alcami Corporation Inc., AbbVie Inc., PCI Pharma Services, Nelipak Healthcare, and Aphena Pharma Solutions.
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