Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Pharmaceutical Contract Packaging Market Outlook

The global pharmaceutical contract packaging market size was valued at USD 24.18 billion in 2023. The market is further projected to grow at a CAGR of 7.5% between 2024 and 2032, reaching a value of USD 46.21 billion by 2032.

Global Pharmaceutical Contract Packaging Market Summary Description Value
Base Year USD Billion 2023
Historical period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 24.18
Market Size 2032 USD Billion 46.21
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 7.5%
CAGR 2024-2032 - Market by Region Asia Pacific 8.2%
CAGR 2024-2032 - Market by Country India 9.9%
CAGR 2024-2032 - Market by Country China 8.3%
CAGR 2024-2032 - Market by Industry Biopharmaceutical 8.4%
CAGR 2024-2032 - Market by Packaging Plastic Bottles 8.6%
Market Share by Country 2023 France 3.1%

Key Takeaways

  • The market is driven by the increasing demand for temperature-controlled products, biologics, and personalised medicines.
  • Prefilled syringes are gaining popularity among healthcare professionals, as they offer convenience and accuracy for drug delivery.
  • Some of the key players in the pharmaceutical packaging industry include Ropack Inc., PCI Pharma Services, Adelphi Healthcare Packaging, and UNICEP Packaging LLC.

Pharmaceutical contract packaging is the outsourcing for secondary activities such as product packaging and labelling to third parties. A contract pharmaceutical packager provides services, installations, as well as equipment, ranging from drug packaging design to the testing of the packaged drug. Pharmaceutical companies employ secondary packaging companies because it is more reliable, profitable, and helps them improve customer satisfaction and provides brand recognition.

A growing focus on sustainability is likely to drive the use of recyclable and biodegradable materials in pharmaceutical packaging products, which is predicted to aid in pharmaceutical contract packaging market growth. The thriving demand for convenient packaging, which makes it easier to manage the storage and use of pharmaceuticals, is expected to have a positive impact on the pharmaceutical contract packaging market outlook.

Global Pharmaceutical Contract Packaging Market

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Key Trends and Developments

Growing adoption of smart packaging technologies, rising environmental concerns, and increasing need for reliable packaging of medicines are increasing the demand for pharmaceutical contract packaging solutions

Date Company News
February 2024 Almac Pharma Services Received the renewal of its HPRA Certificate of GMP compliance for its European facility after a comprehensive audit
February 2024 Berry Global Unveiled a new Circular Stretch Film Innovation and Training Centre aimed at developing sustainable and flexible packaging solutions
December 2023 PCI Pharma Services Announced the full operation of three new automated sterile fill-finish machines at its San Diego and Melbourne facilities
October 2023 Adelphi Healthcare Packaging Adelphi’s partner STELLA acquired seven new state-of-the-art injection moulding machines in Q4 of 2023 and plans to introduce more machines in early 2024
Trends Impact
Increasing demand for biologics and biosimilars Biologics and biosimilars require specialised packaging and handling, which creates opportunities for contract packaging organisations (CPOs) to offer value-added services and solutions.
Growing adoption of smart packaging technologies Smart packaging technologies, such as RFID, NFC, and QR codes, can enhance product traceability, security and provide interactive features for consumers. CPOs can leverage these technologies to differentiate their offerings and increase customer loyalty.
Rising environmental concerns and regulations Environmental issues, such as plastic waste, carbon footprint, and resource depletion, have prompted governments and consumers to demand more sustainable and eco-friendly packaging solutions. CPOs can gain a competitive edge by adopting green packaging materials and practices, such as biodegradable, recyclable, and reusable packaging.
Shifting consumer preferences and expectations Consumers are becoming more aware and demanding of the quality, safety, and convenience of pharmaceutical products. CPOs meet these expectations by offering innovative and flexible packaging designs, such as child-resistant, senior-friendly, and smart packaging, which, in turn, can lead to pharmaceutical contract packaging market expansion.

Global Pharmaceutical Contract Packaging Market Trends

One of the main factors that results in pharmaceutical contract packaging market development is the introduction of strict rules and regulations for product labelling. Moreover, pharmaceutical contract packaging companies can use different types of packaging and can easily solve problems arising from diverse packaging requirements, compared to drug makers. These manufacturers invest in research and development programs to improve the quality of their products.

Moreover, these organisations also help pharmaceutical firms establish a dynamic platform for distributing drugs and medical devices in various regions. Furthermore, the increasing use of smart packaging solutions, such as QR codes, is expected to provide a positive pharmaceutical contract packaging market outlook.

Global Pharmaceutical Contract Packaging Market By Packaging

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Market Segmentation

Global Pharmaceutical Contract Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup Categories
Industry Small Molecule, Biopharmaceutical, Vaccine
Product Type Sterile, Non-Sterile
Packaging Plastic Bottles, Caps and Closures, Blister Packs, Prefilled Syringes, Parenteral Vials and Ampoules
Region United States, Europe, China, India, Others
CAGR 2024-2032 - Market by Country
India 9.9%
China 8.3%
USA 6.7%
Australia 5.9%
France 5.9%
Canada XX%
UK XX%
Germany XX%
Italy 5.3%
Japan XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Sterile products to hold significant market share as they offer high level of quality and safety

The sterile product segment accounted for the largest share in pharmaceutical contract packaging market. Sterile products are those that are free from any viable microorganisms, such as injectables, ophthalmics, inhalables, and biologics. Sterile products require a high level of quality and safety, as they are directly administered to the patients. Therefore, the demand for sterile contract packaging is high, as it ensures the sterility, stability, and integrity of the products.

On the other hand, non-sterile products are those that do not require sterility, such as oral solids, oral liquids, topical creams, and gels. Non-sterile products require a lower level of quality and safety, as they are not directly administered to the patients. As per pharmaceutical contract packaging market analysis, the demand for non-sterile contract packaging is also high, as it offers flexibility to pharmaceutical companies and can be customised.

Plastic bottles will bolster the pharmaceutical contract packaging market growth as they are low in cost and easy to handle

The plastic bottles segment is expected to increase the pharmaceutical contract packaging market value as they are widely used for oral solid and liquid formulations, such as tablets, capsules, syrups, and suspensions. Plastic bottles also offer advantages such as low cost, high durability, easy handling, and recyclability.

Caps and closures are used to seal and protect the pharmaceutical products from contamination, tampering, and leakage. Caps and closures include screw caps, flip-top caps, child-resistant caps, tamper-evident caps, and dispensing caps. The caps and closures segment is expected to witness a growing pharmaceutical contract packaging market share due to the increasing demand for safe and secure packaging, the growing preference for convenience and ease of use, and the emergence of smart and interactive caps and closures.

Prefilled syringes are used for injectable formulations, such as vaccines, biologics, and biosimilars. Prefilled syringes consist of a glass or plastic barrel, a plunger, a needle, and a cap. Prefilled syringes are the fastest growing segment in the pharmaceutical contract packaging market as they offer advantages such as ease of administration, dosage accuracy, reduced wastage, and enhanced safety.

Furthermore, parenteral vials and ampoules are made of glass or plastic and have a rubber stopper and a metal seal. Parenteral vials and ampoules offer benefits such as sterility, stability, and compatibility. The pharmaceutical contract packaging market projects that share of parenteral vials and ampoules segment will grow at a steady rate. The growth of this segment can be attributed to the increasing demand for sterile and aseptic packaging, the rising incidence of infectious and chronic diseases, and the expansion of the biosimilar market.

Global Pharmaceutical Contract Packaging Market By Region

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Competitive Landscape

Market players are providing contract packaging services to pharmaceutical manufacturers, ensuring efficient and reliable packaging solutions for medicines and healthcare products.

Company Name Year Founded Headquarters Products/Services
Adelphi Healthcare Packaging 1947 West Sussex, United Kingdom Primary and secondary packaging materials, filling and sealing equipment, laboratory equipment, and cold chain solutions
Almac Group 1968 Craigavon, Northern Ireland Pharmaceutical development, clinical trial services, commercial packaging, and supply chain management
Berry Global Inc. 1967 Indiana, United States Plastic packaging products, such as bottles, jars, tubes, closures, caps, and labels
PCI Services 1979 Illinois, United States Clinical and commercial packaging, global distribution, and analytical testing

Other key players in the global pharmaceutical contract packaging market include Sharp Corporation, among others.

Global Pharmaceutical Contract Packaging Market Analysis by Region

United States leads the market share due to rising healthcare spending, which creates a demand for packaging solutions

The United States represents the world's largest market in pharmaceutical contract packaging, followed by China and India. The tremendous growth of pharmaceutical contract packaging market in United States is majorly driven by the rising healthcare spending, increasing geriatric population, and the increasing value of pharmaceutical exports. The growth is further driven by the high demand for innovative and specialised packaging solutions, the presence of leading pharmaceutical companies and contract packagers, and the stringent regulatory standards for quality and safety.

On the other hand, the pharmaceutical contract packaging market size in China is driven by the rapid growth of the pharmaceutical industry, the increasing outsourcing of packaging services, and the rising demand for biologics and biosimilars. According to pharmaceutical contract packaging market report, the Indian market is driven by the low-cost advantage, the availability of skilled labour, the increasing exports of generic drugs, and the growing domestic demand for pharmaceutical products.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Industry
  • Type
  • Packaging
  • Region
Breakup by Industry
  • Small Molecule
  • Biopharmaceutical
  • Vaccine
Breakup by Type
  • Sterile
  • Non-Sterile
Breakup by Packaging
  • Plastic Bottles
  • Caps and Closures
  • Blister Packs
  • Prefilled Syringes
  • Parenteral Vials and Ampoules
Breakup by Region
  • United States
  • Europe
  • China
  • India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Adelphi Healthcare Packaging
  • Almac Group
  • Berry Global Inc.
  • PCI Services
  • Sharp Corporation
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the pharmaceutical contract packaging market reached an approximate value of USD 24.18 billion.

The market is expected to grow at a CAGR of 7.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 46.21 billion by 2032.

The market is being driven by the growing use of intelligent labelling solutions, increasing R&D activities by key players, technological advancements and innovations, and rapid population growth.

Key trends aiding pharmaceutical contract packaging market expansion include the rising demand for sustainable and eco-friendly packaging solutions, stringent packaging regulations, and growing adoption of smart packaging technologies.

The major regions considered in the market are the United States, Europe, China, and India, among others.

Small molecule, biopharmaceutical, and vaccines are some of the leading industries in the market.

The significant packaging segments considered in the market report are plastic bottles, caps and closures, blister packs, prefilled syringes, and parenteral vials and ampoules.

The major types of pharmaceutical contract packaging are sterile and non-sterile.

Key players in the industry are Adelphi Healthcare Packaging, Almac Group, Berry Global Inc., PCI Services, and Sharp Corporation, among others.

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