Top 5 Companies in Pharmaceutical Packaging Market
RELEASE DATE: Nov 2024 Author: Spherical Insights Request Free Sample
What is Pharmaceutical Packaging?
Pharmaceutical packing is the process of separating (filling), securing, wrapping, and labeling semi-finished or wrapped-up pharmaceutical preparations using suitable materials or containers. Packaging technology is used to ensure quality, identify trademarks, and provide drug descriptions. The market for pharmaceutical packaging includes the creation, manufacturing, and distribution of packaging solutions and materials especially suited for pharmaceutical goods. This market is essential to maintaining the efficacy, safety, and integrity of pharmaceuticals at every stage of their lifetime, from production to patient usage. Additionally, strict regulations controlling pharmaceutical packaging and labeling, such as those enforced by agencies like the European Medicines Agency (EMA) in Europe and the Food and Drug Administration (FDA) in the US, are the driving force behind the need for compliant packaging solutions.
Growth and Opportunities in the Pharmaceutical Packaging Market
1. The market is driven by rising healthcare spending and the pharmaceutical sector in emerging economies.
Advanced production techniques, improved company collaboration, and technical advancements are driving the pharmaceutical industry's explosive growth in emerging economies. The market for pharmaceutical packaging is being driven by this expansion, with emerging economies like China, Brazil, India, and Russia anticipated to be particularly affected. The market is expanding in these areas due to elements like growing income levels, a focus on healthy lives, and heightened knowledge of the advantages of strong healthcare systems. The vast population base and demographic trends, such as rising life expectancy and an increasing young population, are also important factors contributing to this expansion.
2. Growing pharmaceutical industry demand will fuel market expansion
The pharmaceutical sector is expanding quickly, mostly in industrialized nations like the United States, Germany, and the United Kingdom as well as in developing nations like China, India, and Brazil. The increase is ascribed to a number of factors, including population growth, technological advancements, increased healthcare awareness, the adoption of advanced manufacturing techniques, increased public healthcare system spending, and the introduction of new laws to prevent the spread of infectious diseases. The pharmaceutical sector is also anticipated to develop as a result of the growing demand for biological goods and new treatments like gene and cell therapies. The market is opening up new growth opportunities as a result of the development of novel biologics and specialty medications, which call for unique packaging methods.
Global Expansion of the Pharmaceutical Packaging Market
The global pharmaceutical packaging market size was valued at USD 140.8 billion in 2022 and is projected to USD 267.1 billion by 2032, exhibiting a CAGR of 10.4% during the forecast period 2022-2032. The top companies in the global pharmaceutical packaging market include Berry Global, Gerresheimer AG, Amcor plc, Schott AG, AptarGroup, Inc., West Pharmaceutical Services, Inc., WestRock Company, CCL Industries Inc., Origin Pharma Packaging, and Becton Dickinson & Company.
Emerging Trends in the Pharmaceutical Packaging Industry
1. Increasing need for basic pharmaceutical packaging
Primary pharmaceutical packaging items are close to the medication. Glass bottles, plastic bottles, prefilled syringes, medicine tubes, prefilled inhalers, blister packing, and more are all included in this category. Prefillable syringes and prefilled inhalers are the main drivers of this market's expansion, while blister packs, plastic bottles, and ampoules & vials are also seeing notable increases. Primary packaging will grow as a result of the establishment of sophisticated and varied drug-producing businesses in developing nations like the US, France, Canada, Japan, Germany, and the UK, as well as the use of cutting-edge packaging technologies like patient-specific dosages, eco-friendly packaging, and creative counterfeiting strategies.
2. Creation of innovative drug packaging technologies to drive the market
The need for pharmaceutical packaging has increased as a result of the development of innovative drug packaging techniques. The creation of innovative packaging options has been aided by advancements in drug delivery methods. The packaging is made to work with cutting-edge medication compositions, guaranteeing accurate dosage, regulated release, and enhanced therapeutic results. Prefilled syringes and inhalers, which are single-dose vaccination units, are packaged in the innovative medication packaging system. The items serve as alternatives to conventional vials and syringes. Prefilled inhalers and syringes are made to prevent contamination by preventing the packaged medications from coming into direct touch with the patient or the environment. Providing a self-administered metered dosage, it also lowers waste and improves patient compliance.
List of Key Companies in the Pharmaceutical Packaging Industry
- Berry Global
- Gerresheimer AG
- Amcor plc
- Schott AG
- AptarGroup, Inc.
- West Pharmaceutical Services, Inc.
- WestRock Company
- CCL Industries Inc.
- Origin Pharma Packaging
- Becton Dickinson & Company
Top 5 Players in the Pharmaceutical Packaging Industry
1. Berry Global
Headquarters: Evansville, Indiana
Berry Global is a market leader in pharmaceutical packaging. Bottles, canisters, closures, dispensing systems, and technical parts are just a few of the many creative packaging options they provide. Berry Global is renowned for its dedication to sustainability, quality, and dependability; it offers packaging that guarantees the integrity and safety of pharmaceutical products. From drug distribution to personal protective equipment, their goods are utilized in a variety of pharmaceutical applications and are made to strict regulatory standards. Additionally, a new 10-ml easy-squeeze ophthalmic bottle for eye treatment solutions was just introduced by Berry Global. This LDPE bottle ensures accurate and regulated distribution and is compatible with Aptar Pharma's Ophthalmic Squeeze Dispenser (OSD)1. Additionally, in contrast to conventional colored PET bottles, Berry Global has launched a line of environmentally friendly clear polypropylene (PP) bottles for use in healthcare settings.
2. Gerresheimer AG
Headquarters: Düsseldorf, Germany
German pharmaceutical and cosmetics company Gerresheimer AG (previously Gerresheimer Glass AG) is based in Düsseldorf and produces major packaging materials for medications and drug delivery systems using special-purpose glass and polymers. The corporation produces goods throughout Asia, the Americas, and Europe. In the pharmaceutical packaging industry, Gerresheimer AG is a prominent player. Primary packaging materials for medications and drug delivery systems constructed of special-purpose glass and plastics are their area of expertise. Gerresheimer provides a wide range of items, such as injection vials, ampoules, bottles, containers for liquid and solid medications, prefillable syringes, insulin pens, inhalers, and micro pumps.
3. Amcor PLC
Headquarters: Zürich, Switzerland.
Amcor PLC is a packaging business. For the food, beverage, pharmaceutical, and medical industries, the company provides a broad range of rigid and flexible packaging, specialty cartons, closures, and services. Amcor provides services to clients all around the world. Amcor PLC is a market leader in pharmaceutical packaging on a global scale. They create and manufacture a variety of packaging options, such as rigid and flexible packaging items. Bottles, vials, syringes, and other containers made to guarantee the integrity and safety of pharmaceuticals are among Amcor's pharmaceutical packaging offerings. The company, which has operations in Europe, North America, Latin America, and Asia Pacific, is dedicated to packaging innovation and sustainability.
4. Schott AG
Headquarters: Mainz, Germany
A multinational glass corporation based in Germany, Schott AG specializes in producing glass and glass-ceramics. It is owned by the Carl Zeiss Foundation and has its headquarters in Mainz, Rhineland-Palatinate, Germany. The creation of borosilicate glass is attributed to Otto Schott, the company's founder and namesake. Schott AG is a market leader in pharmaceutical packaging, with a focus on creating and producing superior packaging solutions. They offer syringes, cartridges, vials, and ampoules, all of which are composed of premium pharmaceutical polymers and Type I boric glass. Schott AG is dedicated to sustainability, innovation, and making sure that drugs are delivered safely and effectively. They provide cutting-edge medication containment and delivery solutions to the biotech and pharmaceutical industries through production facilities across the globe.
5. Becton Dickinson & Company
Headquarters: New Jersey , U.S.
BD provides its goods to the general public, clinical laboratories, pharmaceutical companies, healthcare facilities, and life science researchers. Products from the company are sold across Asia-Pacific, the Americas, Europe, the Middle East, and Africa. The headquarters of BD are located in New Jersey, USA. The pharmaceutical packaging industry is led by Becton Dickinson & Company (BD). Advanced medication delivery systems, vials, cartridges, and pre-fillable syringes are just a few of the packaging options they provide. The goal of BD is to use cutting-edge packaging technologies to guarantee the efficacy and safety of pharmaceuticals. Their goods are utilized in a wide range of pharmaceutical applications, assisting in the global provision of vital healthcare solutions.
Conclusion
The market for pharmaceutical packaging is crucial to guaranteeing the efficacy, safety, and integrity of drugs from manufacturing to patient usage. This market, particularly in emerging economies, is expanding significantly because to the expanding pharmaceutical sector, rising healthcare awareness, and technology improvements. Prominent corporations including as Becton Dickinson & Company, Gerresheimer AG, Amcor PLC, Schott AG, and Berry Global are advancing packaging solutions that are patient-centered and sustainable. The need for creative, legal, and environmentally friendly packaging is anticipated to increase over the next several years because to the increased popularity of specialized drugs and unusual drug delivery techniques.
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