The pharmaceutical plastic packaging market is expected to surpass $83 billion by the end of 2030

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The global pharmaceutical plastic packaging market will reflect steady growth, supported by increased sales of pharmaceutical products to manage the coronavirus pandemic and a host of other chronic diseases.

Plastic packaging is increasingly used due to its superior barrier properties. According to Future Market Insights, the global pharmaceutical plastic packaging market is expected to surpass US$83 billion by the end of 2030.

Pharmaceutical plastic packaging is highly sought after for its superior barrier characteristics. Additionally, resistance to breakage, leakage, and corrosion, as well as high compatibility with modern printing technologies make plastics a favorable option for drug manufacturers.

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The pharmaceutical plastic packaging market is witnessing promising growth thanks to manufacturers’ efforts to integrate anti-counterfeiting technologies such as QR codes and nanomaterials, as well as sustainability initiatives such as bio-based plastics and recycled plastics.

The integration of smart packaging technologies to improve patient compliance and prevent unauthorized access will also support the growth of the market.

Growing demand for drugs, especially in developing countries, large geriatric population, antimicrobial resistance issues, and stricter regulations associated with medical safety and the environment are major influencers in the market.

However, manufacturers continue to face factors such as poor ductility and heat resistance, potential risk of instability, and interactions between pharmaceutical formulations and container. Additionally, plastic packaging does not offer high levels of clarity, which can be problematic in terms of inspections.

Key points to remember

  1. Rigid plastic packaging products are gaining traction in the pharmaceutical sector due to better protective and recyclability characteristics.
  2. Pre-filled syringes and cartridges are experiencing strong growth due to their ease of use and better dosing accuracy.
  3. Innovations in tamper and childproof designs are supporting adoption rates.
  4. North America and East Asia are leading regional markets for plastic pharmaceutical packaging.

“In the near future, pharmaceutical plastic packaging will evolve into sustainable material options for design and production. Efforts to minimize plastic waste will boost the use of polyethylene terephthalate (PET), which can be easily recycled,” the IMF analyst said.

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Impact of Covid-19 on Pharmaceutical Plastic Packaging Market

The ongoing coronavirus pandemic will have a significant influence on the pharmaceutical plastic packaging industry. The outbreak has exposed flaws in supply chains and will force market players to optimize their strategies, minimizing vulnerabilities. Additionally, international trade restrictions will create opportunities for local suppliers.

Furthermore, the pandemic is expected to lead to an increase in demand for antiviral and antimicrobial properties to reduce the risk of transmission of Covid-19 via packaging services.

Ampoules and vials in particular are likely to gain investment. Blisters and trays will find lucrative opportunities. On the other hand, sustainability initiatives will lose priority, while automation and robotics in production processes will gain ground.

Who wins?

In a new report, FMI has studied the strategies deployed by major companies operating in the pharmaceutical plastic packaging market. Market leaders have pushed for strategic expansions of production capacities with the deployment of new facilities or the expansion of existing ones. The expansion strategy also focuses on increasing geographic penetration in emerging economies to leverage operational cost advantages.

Some of the players operating in the contact tracing application market include

  • Gerresheimer S.A.,
  • Schott S.A.,
  • Alpha Packaging Holdings Inc.,
  • Klockner Pentaplast Group,
  • Amcor plc,
  • Berry Global Inc.,
  • Becton Dickinson and company,
  • Parekhplast India Ltd.,
  • West Pharmaceutical Services Inc.,
  • Wipak Group,
  • Mondi plc,
  • Sealed Air Corporation, and
  • Constantia Flexibles Group GmbH.

Key Segments Covered by Pharmaceutical Plastic Packaging Industry Research

By product:

  • plastic bottles
  • Caps and closures
  • Pre-filled inhalers
  • Pre-fillable syringes
  • Ampoules and vials
  • Bandage packs
  • Bags and pouches
  • Jars and cans
  • Cartridges

By type of packaging:

By mode of drug administration:

  • Oral Medication Delivery Packaging
  • Injectable packaging
  • Topical medication delivery packaging
  • Lung Drug Delivery Packaging
  • Transdermal drug delivery package
  • Eye Medication Delivery Packaging
  • Nasal packaging for drug delivery
  • Other

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Check out FMI’s extensive ongoing coverage on packaging

Box and Carton Overwrapping Machine Market – The global box and carton overwrapping machine market is estimated to be worth nearly US$1.1 billion in 2022 and is expected to grow at a CAGR of 4.0% in during the evaluation period from 2022 to 2028.

Stretch Packaging Market – The global stretch packaging market is poised to witness a linear progressive simulation, reaching 710.4 Million US$ by 2031 at a CAGR of 5.6%.

Anti-Counterfeit Packaging Market – The anti-counterfeit packaging market is expected to reach US$137.4 billion in 2022. With growing demand at a robust CAGR of 11.9%, the market valuation will reach 422 US$.8 billion by 2032.

About Us

Future Market Insights (FMI) is a leading market intelligence and advisory firm. We provide syndicated research reports, custom research reports and consulting services of a personalized nature. FMI provides a complete packaged solution, which combines current market insights, statistical trivia, technological inputs, valuable growth insights, and an overhead view of the competitive framework and future market trends.

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