Top 5 Companies in the Pharmaceutical Packaging Market: Growth Opportunities And Key Market Insights

 

Introduction

 

Pharmaceutical packaging is the process of packing pharmaceutical preparations for distribution, and physical packaging in which they are stored. These packaging materials are used to protect drug products during storage, transport, and use. It comprises physical containers, labels, and systems that are used to distribute drugs to the end consumer. Pharmaceutical product use, dosage, and dispensing are frequently impacted by packaging. Regulations also govern the communication of cautionary labels and appropriate use. One of the most recent trends in the pharmaceutical packaging industry is the increasing use of smart technologies like NFC, Bluetooth, and QR codes. The system's integration of Bluetooth would facilitate the transportation of medications that are sensitive to temperature changes. Furthermore, the upsurging innovation in medicine delivery including smart pharmaceutical packaging innovations that emphasize medication safety and improve drug delivery systems, packaging safety, and increased demand for medications. The use of advanced materials and technologies such as RFID (radio-frequency identification) and smart packaging provides a chance to enhance patient adherence, security, and traceability offering lucrative market growth opportunities for pharmaceutical packaging.

 

Key Market Insights

 

The Global Pharmaceutical Packaging Market Size is expected to grow from USD 155.4 Billion in 2023 to USD 418.1 Billion by 2033, at a CAGR of 10.4% during the forecast period 2023-2033. The rising demand for pharmaceutical products owing to the increasing number of cancer cases, chronic conditions, and other health conditions is significantly driving the global pharmaceutical packaging market. 

 

AI is Improving the Pharmaceutical Packaging Market

 

The use of AI for designing and manufacturing packages in different stages of the pharmaceutical industry’s packaging process. AI is also being used to automate inspection systems to decrease losses, detect risk early, and reduce human errors. The integration of smart packaging involves sensor technology that provides information related to product viability, freshness, and other aspects possible with the use of AI. For instance, in April 2023, SEA Vision continues its journey in the development of software applications based on Artificial Intelligence technologies, to strengthen and improve the range of inspection solutions for pharmaceutical products on which the company’s history and expertise are based.  

 

List of Key Companies

 

• Becton, Dickinson and Company
• Amcor Plc
• AptarGroup, Inc.
• Gerresheimer AG
• Drug Plastics Group
• Schott AG
• West Pharmaceutical Services Inc.
• Owens Illinois Inc.
• Berry Global, Inc
• SGD S.A.
• WestRock Company
• Others

 

Some of the Top Pharmaceutical Packaging Companies

 

1. Amcor Plc.

Amcor Plc. Is a global leader in developing and producing high-quality, responsible packaging solutions. It is a global packaging company that develops and produces flexible packaging, rigid containers, specialty cartons, closures, and services for pharmaceuticals and other products. In November 2023, Amcor announced the launch of the next generation of its Medical Laminates solutions. Amcor’s latest innovation enables the development of all-film packaging that is recyclable in the polyethylene stream.

 

2. Gerresheimer AG

Gerresheimer AG is a global go-to partner for drug packaging and drug delivery systems with a broad product range for pharma, health, well-being and biotech. Gerresheimer AG is a German manufacturer of primary packaging products for medication and drug delivery devices made of special-purpose glass and plastics with headquarters in Düsseldorf for the pharmaceutical and cosmetics industries. The company offers an extensive portfolio of innovative glass and plastic packaging for perfumes, cosmetics and body care products. In September 2024, Gerresheimer, a solutions provider for the pharma and biotech industries, presenting its prefillable syringe systems for ophthalmic applications at CPHI Worldwide 2024. The silicone oil-free are made of glass or plastic, and ensure compatibility for sensitive ophthalmic drugs, while also offering precise dosing capabilities.

 

3. West Pharmaceutical Services Inc.

West Pharmaceutical Services Inc. is a leading manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. They are a leading provider of innovative and high-quality injectable solutions dedicated to the improvement of health for patients across the globe. The company creates products that promote the efficiency, reliability, and safety of the world's pharmaceutical drug supply. In May 2024, West Pharmaceutical Services Inc., a provider of solutions for injectable drug administration, has relocated to a new office facility in Seoul and expanded its warehouse capacity. This move is part of West’s ongoing investment in the Asia Pacific region and strategically positions West in key markets with enhanced scalability to support the future growth needs of its customers.

 

4. Schott AG

Schott AG is a leading international technology group in the areas of material innovations, specialty glass and glass-ceramics. It develops, manufactures, and markets specialty glass materials and glass-ceramics. The company offers a broad portfolio of special glass, specialty materials, components and systems. In June 2024, SCHOTT Pharma opened a new production facility for high-quality prefillable glass syringes in Hungary. Supported by a EUR 9 million ($9.7 billion) investment from the local government, SCHOTT Pharma is expanding its global capacities for strategically important high-value solutions that address key pharma trends.  

 

5. Becton, Dickinson and Company

Becton, Dickinson and Company is an American multinational medical technology company that manufactures and sells medical devices, instrument systems, and reagents. The company offers a variety of pharmaceutical packaging products, including syringes, vials, and other packaging components. BD also provides services to help with drug combination product development. In September 2022, BD (Becton, Dickinson and Company) introduced a next-generation glass prefillable syringe (PFS) that sets a new standard in performance for vaccine PFS with new and tightened specifications for processability, cosmetics, contamination and integrity.

 

Future Perspective of the Pharmaceutical Packaging Market

 

One of the most important factors in the pharmaceutical packaging industry's search for sustainable solutions is recyclable packaging. There is a need for easily recyclable alternatives to traditional packaging materials because they frequently contribute to environmental degradation. Curated boxes, rigid boxes, polybags, paperboxes, and plastic packaging are some of the forms of personalized packaging that brands can select as per the products, brand logo, and product size. Additionally, the anti-counterfeit measures include methods and techniques to aid in protecting the supply chain of pharmaceutical products. 

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter