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As per the Philippine Pharmaceutical Manufacturers Association (PPMA), packaging material accounts for nearly 30% of a medicine’s cost and can be minimised by using sustainable/recycled materials and achieving technological advancements in processing technology. The organisation of global events like ProPak Philippines is expected to boost the accessibility of local pharmaceutical producers to advanced packaging machines and thereby, contribute to the market expansion.
As per the PPMA, the Philippines’ pharmaceutical industry is projected to grow at an average rate of 8%-11% in the coming years. Rising income levels and the growing number of young individuals are expected to facilitate the demand for generic medicines on a large scale, which can accelerate the demand for oral drug packaging in the country.
The emergence of pharmacogenomics is revolutionising the market, by driving the usage of customised medicinal packages and personalised dosage leaflets which enhance patient’s understanding of the timing of dosage. The integration of Near Field Communication technology and QR codes is expected to promote brand awareness and improve transparency in manufacturing processes, thereby fostering consumer trust.
Philippines Pharmaceutical Packaging Market Size
Philippines Pharmaceutical Packaging Market Growth
Philippines Pharmaceutical Packaging Market Share
Philippines Pharmaceutical Packaging Companies
*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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The market reached nearly USD 160.2 million in 2023.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 246.5 million in 2032.
The different materials used in pharmaceutical packaging are plastics and polymers, glass, paper and paperboard, and aluminium foil, among others.
The different types of products in the market are plastic bottles, speciality bags, parenteral container, blister packing, closures, and labels, among others.
The different types of packaging in the market are primary, secondary, and tertiary.
The different modes of drug delivery considered in the market report are oral drug, injectable packaging, and topical, among others.
The key market players are Amcor Plc, Berry Global Group Inc., Bestpak Packaging Solutions, Inc., Netpak Phils., Inc., GL Otometz Corp., Merfel Plastic Manufacturing Inc., Versa Group Philippines Corporation, and Swiss Pac Philippines, among others.
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