The global Pharmaceutical Contract Packaging market accounted for USD 99.6 Billion in 2020 and is expected to reach USD 179.5 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028.
Market Overview
The global Pharmaceutical Contract Packaging market accounted for USD 99.6 Billion in 2020 and is expected to reach USD 179.5 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028.
Development in the market in regards to contract pharmaceutical packaging is developing on a higher scale because of rising interest for generics, expanding interests in drug R&D, and interests in cutting edge advancements by CDMOs. Interest for extraordinary drugs, nuclear clinical sections, and progression in the genetic qualities is additionally boosting market development opportunities in coming years.
COVID-19 Impact Analysis
Ongoing Covid-19 pandemic, organizations have increased R&D and production efforts to create and distribute antibodies and medications against the SARS-CoV-2 infection. Antibody related test exercises in pharmaceutical and biotechnological organizations, research focuses, and scholastic exploration foundations are viewed as fundamental and have been to a great extent unaffected in activities and yield. To assist the R&D and assembling measure, numerous Pharmacy companies and biotechnology organizations collaborated with CROs and CDMOs through long haul arrangements, associations, and coordinated efforts across the globe. COVID-19 has somehow increased the R&D activities in the pharmaceutical contract packaging market.
Growth Factors
There has been a development in the Pharmaceutical business and demand of medical care items in arising economies like India, China, and Brazil with an increase in population, extra income and developing focus on expanding future. With the rise in drug industry, appropriate packaging in drug is on the increase with center around maintainability by selection of biodegradable and recyclable materials. Additionally, the developing interest or helpful packaging is relied upon to set out new development and open doors for the makers. Pharmaceutical packaging is significant since the medicine should be reliable for the patient. The interest for packaging skill has started another business called contract packaging, which has quickly gained foothold in the market.
Significant pharmaceutical organizations are currently subcontracting the packaging of finished results to associations who are capable and had enormous experience in overseeing medication packaging. The rise in the quantity of elderly individuals, exacting packaging guidelines applied by government organizations, and developing public premium in refreshed packaging are for the most part factors that will expand pharmaceutical contract packaging market.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Material Segment Analysis Preview
Based on the material segment, the market is bifurcated into Plastic & Polymer, Paper & Paperboard, Glass, Aluminum Foil and Others. Here, among all glass packaging hold the highest share of around 35% owing to inabilities of mid -sized and small sized pharmaceutical firms to make their own packaging. Also, low prices offered by contract packagers is likely to spur the growth of the market. Plastics and polymers segment is predicted to observe momentous growth rate over the forecasted period due to the rising demand for the plastic packaging sector in pharmaceuticals for the delivery and storage of medicines but environmental concerns can pose a restriction.
Product Segment Analysis Preview
On the basis of product, Primary Packaging, Secondary Packaging and Tertiary Packaging are sub segments. Vials, bottles, blister packs, ampoules, and other types of primary packaging are there and hence, primary packaging holds the share among all which is around 40% of the total. The global pharmaceutical contract packaging market is expected to be dominated by this type of packaging in the next years as a result of the cumulative outsourcing of primary packaging activities due to a lack of in-house competences and abilities.
Regional Analysis Preview
North America and Europe held the largest market share exceeding 30% in 2020. This is attributed to the presence of major market players and dominance in the market such as Amcor PLC, Winpak ltd., Sonoco products co. Growing demand in the pharmaceutical sector is anticipated to propel the market growth from 2021 to 2028.
The Asia Pacific region is projected to grow at a stable CAGR over the forecast period. This surge is due to the increasing concern in safe and proper packaging in the region. Also, large number of presences of market players make it a potentially growing region.
Key Market Players & Competitive Landscape
Some of key players in pharmaceutical contract packaging market are Amcor plc, Ball corporation, Nipro Corporation, Daito Pharmaceutical Co., Ltd., Pfizer CentreOne, West Pharmaceutical Services, Inc., WestRock Company, SCHOTT AG, Patheon (Thermo Fisher Scientific Inc.), Catalent, Inc., and Baxter BioPharma Solutions, among others.
Companies are focusing on acquisition and collaboration especially with small sized firms to leverage their market share.
The global Pharmaceutical Contract Packaging market is segmented as follows:
By Material Type
By Product Type
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Material
FIG NO. 2. Market Attractiveness Analysis, By Product Type
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Pharmaceutical contract packaging Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Material, 2020 & 2028
FIG NO. 7. Global Pharmaceutical contract packaging Market for Paper & Paperboard, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Paper & Paperboard, By Country, 2020 & 2028
FIG NO. 9. Global Pharmaceutical contract packaging Market for Plastic & Polymer, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Plastic & Polymer, By Country, 2020 & 2028
FIG NO. 11. Global Pharmaceutical contract packaging Market for Glass, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Glass, By Country, 2020 & 2028
FIG NO. 13. Global Pharmaceutical contract packaging Market for Aluminum Foil, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Aluminum Foil, By Country, 2020 & 2028
FIG NO. 15. Global Pharmaceutical contract packaging Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Others, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Product Type, 2020 & 2028
FIG NO. 18. Global Pharmaceutical contract packaging Market for Primary Packaging, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Primary Packaging, By Country, 2020 & 2028
FIG NO. 20. Global Pharmaceutical contract packaging Market for Secondary Packaging, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Secondary Packaging, By Country, 2020 & 2028
FIG NO. 22. Global Pharmaceutical contract packaging Market for Tertiary Packaging, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Pharmaceutical contract packaging Market for Tertiary Packaging, By Country, 2020 & 2028
FIG NO. 24. Global Pharmaceutical contract packaging Market Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America Pharmaceutical contract packaging Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 26. Porter’s Five Forces Analysis for Global Pharmaceutical contract packaging Market
FIG NO. 27. PEST Analysis for Global Pharmaceutical contract packaging Market
FIG NO. 28. Pricing Analysis for Global Pharmaceutical contract packaging Market
FIG NO. 29. Value Chain Analysis for Global Pharmaceutical contract packaging Market
FIG NO. 30. Company Share Analysis, 2019
FIG NO. 31. Radar Determinant Chart, 2019
FIG NO. 32. Company Strategic Developments – Heat Map Analysis
FIG NO. 33. Amcor plc Business Segment Revenue Share, 2020 (%)
FIG NO. 34. Amcor plc Geographical Segment Revenue Share, 2020 (%)
FIG NO. 35. Market Channels
FIG NO. 36. Marketing Channel Development Trend
FIG NO. 37. Growth in World Gross Product, 2008-2018
FIG NO. 38. Research Methodology – Detailed View
FIG NO. 39. Research Methodology
List of Tables
TABLE NO. 1. Global Pharmaceutical contract packaging Market: Snapshot
TABLE NO. 2. Quarterly Pharmaceutical contract packaging Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Pharmaceutical contract packaging Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Pharmaceutical contract packaging Market for Paper & Paperboard, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Pharmaceutical contract packaging Market for Plastic & Polymer, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Pharmaceutical contract packaging Market for Glass, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Pharmaceutical contract packaging Market for Aluminum Foil, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Pharmaceutical contract packaging Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Pharmaceutical contract packaging Market for Primary Packaging, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Pharmaceutical contract packaging Market for Secondary Packaging, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Pharmaceutical contract packaging Market for Tertiary Packaging, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Pharmaceutical contract packaging Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Pharmaceutical contract packaging Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Pharmaceutical contract packaging Market Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Pharmaceutical contract packaging Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Pharmaceutical contract packaging Market Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 19. U.S. Pharmaceutical contract packaging Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Pharmaceutical contract packaging Market Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 21. Canada Pharmaceutical contract packaging Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Pharmaceutical contract packaging Market Revenue, By Material, 2016 – 2028 (USD Million)
TABLE NO. 23. Mexico Pharmaceutical contract packaging Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 24. Drivers for the Pharmaceutical contract packaging Market: Impact Analysis
TABLE NO. 25. Restraints for the Pharmaceutical contract packaging Market: Impact Analysis
TABLE NO. 26. Major Buyers of Pharmaceutical contract packaging
TABLE NO. 27. Distributors/Traders List of Pharmaceutical contract packaging
TABLE NO. 28. Global Pharmaceutical contract packaging Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 29. Global Pharmaceutical contract packaging Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
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