NEW YORK, July 16, 2024 /PRNewswire/ -- The
global pharmaceutical contract packaging
market size is estimated to grow by USD 9.32 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of 16.54%
during the forecast period. Rising R and D spending in
pharmaceutical industry is driving market growth, with a trend
towards opportunities due to patent expiration of drugs. However,
high cost of anti-counterfeit packaging technology poses a
challenge. Key market players include Amcor Plc,
AmerisourceBergen Corp., AptarGroup Inc., Becton Dickinson and Co., Berlin Packaging LLC,
Berry Global Inc., Bilcare Ltd., Catalent Inc., CCL Industries
Inc., Constantia Flexibles Group GmbH, Datwyler Holding Inc., FedEx
Corp., Gerresheimer AG, Jabil Inc., James Alexander Corp., KP
Holding GmbH and Co. KG, Pharma Packaging Solutions, Precision
Concepts International, SCHOTT AG,
and WestRock Co..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Packaging (Plastic
bottles, Blister packs, Pouches, Parenteral containers, and
Pre-filled syringes), Type (Primary, Secondary, and Tertiary), and
Geography (North America, APAC, Europe, Middle East and Africa, and
South America)
|
Region
Covered
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Amcor Plc,
AmerisourceBergen Corp., AptarGroup Inc., Becton Dickinson and Co.,
Berlin Packaging LLC, Berry Global Inc., Bilcare Ltd., Catalent
Inc., CCL Industries Inc., Constantia Flexibles Group GmbH,
Datwyler Holding Inc., FedEx Corp., Gerresheimer AG, Jabil Inc.,
James Alexander Corp., KP Holding GmbH and Co. KG, Pharma Packaging
Solutions, Precision Concepts International, SCHOTT AG, and
WestRock Co.
|
Key Market Trends Fueling Growth
The pharmaceutical industry is set to experience an increase in
patent expirations, leading to a rise in the production of generic
medicines. With original branded drugs going off-patent,
pharmaceutical manufacturers face a challenge in investing heavily
in research and development for new drugs and packaging. This
situation creates a demand for contract packaging services from
vendors who possess the necessary infrastructure and expertise. As
a result, the pharmaceutical contract packaging market is poised to
grow at an average annual rate of 3% from 2019 to 2024, driven by
the increasing need for cost-effective packaging solutions in the
industry.
The Pharmaceutical Contract Packaging market is experiencing
significant trends, with a focus on electronic systems, specialized
equipment, and log keeping for data administration. Capacity
expansions are underway in Cookeville,
Tennessee's Solid Dose Division, an authorized entity for
filling bottles with both plastic and glass. Sustainable contract
packaging is on the rise, addressing concerns of human handling
errors and disposable incomes. Geographic reach is expanding, with
innovative technology in high-speed blister packaging for bulk
medicinal ingredients. The ecommerce sector and life science
companies require sustainable materials and child-resistant
packaging. Western medicine and the Chinese pharmaceutical sector
seek high-quality standards in specialized manufacturing.
Technological advancements in packaging services, including
clinical trial supply, vaccine packaging, and launch scheduling,
are driving outsourcing trends in emerging nations. The FMCG
industry and healthcare systems, influenced by health insurance,
are also adopting these trends.
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Market Challenges
- The pharmaceutical industry faces a significant risk of
counterfeiting in its complex supply chain. This issue poses a
threat to consumer safety and can financially impact both
pharmaceutical vendors and contract packaging providers. The
after-effects of counterfeit drugs can also harm a brand's
reputation. Counterfeit products can enter the supply chain at
various stages, including the beginning or end, and even during
reverse logistics operations. To mitigate this risk, the US federal
government implemented the Drug Quality and Security Act in 2013,
which includes plans for complete serialization across the
pharmaceutical supply chain. This will enable efficient
traceability, allowing manufacturers, hospitals, and pharmacies to
track prescription drugs throughout the supply chain. In response,
contract packaging vendors are investing in anti-counterfeit
techniques, such as security printing, track and trace, covert
identifiers, and holography, to protect the authenticity of
pharmaceutical products. These measures are crucial challenges for
the global pharmaceutical contract packaging market.
- The Pharmaceutical Contract Packaging market faces several
challenges in the global pharmaceutical industry. Resource
constraints in manufacturing and packaging processes can lead to
materials shortages. The aging population and global economic
growth fuel demand for new drugs, including novel and generic, in
the pharmaceutical market. Pharmaceutical vendors require
commercial and clinical packaging solutions for various forms
like injectables, oral solid dosage, and drug delivery
systems. Credence MedSystems and other contract businesses offer
ancillary services such as outsourcing bottling services, blister
packaging, primary packaging, and bottle filling services for
plastic and glass bottles, metal bottles, and autoinjectors.
Pharmaceutical corporations invest in production capacity to meet
global demand for oncology drugs, high-potency drugs, antibody
conjugates, steroids, and other Drugs. Flexibility and
profitability are key in the Industries' supply chain, addressing
challenges like counterfeit drugs. Pharmaceutical corporations and
Patients rely on these solutions to ensure the safe and effective
delivery of drugs.
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challenges - Download a Sample Report
Segment Overview
This pharmaceutical contract packaging market report extensively
covers market segmentation by
- Packaging
- 1.1 Plastic bottles
- 1.2 Blister packs
- 1.3 Pouches
- 1.4 Parenteral containers
- 1.5 Pre-filled syringes
- Type
- 2.1 Primary
- 2.2 Secondary
- 2.3 Tertiary
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Plastic bottles- The Pharmaceutical Contract
Packaging Market refers to the business of outsourcing the
packaging of pharmaceutical products to specialized companies. This
market caters to the needs of pharmaceutical and biotech firms,
providing them with cost-effective and efficient solutions for
their packaging requirements. Contract packaging services include
various processes like filling, labeling, and packaging of liquids,
solids, and semi-solids in various formats such as bottles,
blisters, and vials. These services ensure regulatory compliance,
improve product quality, and help companies focus on their core
competencies.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global pharmaceutical excipients market is witnessing robust
growth, driven by advancements in drug formulations and increasing
demand for functional excipients. Key players focus on innovation
to enhance drug delivery systems. Meanwhile, the Denmark pharmaceutical market is expanding,
fueled by strong healthcare infrastructure and significant R&D
investments. Additionally, the global empty capsules market is
booming due to rising demand for dietary supplements and
pharmaceutical applications. Major players are introducing
innovative capsule designs and materials to meet diverse industry
needs, propelling market growth.
Research Analysis
The Pharmaceutical Contract Packaging Market refers to the
business of providing services for the packaging of various
pharmaceutical products. This market caters to the needs of
government agencies, pharmaceutical corporations, and contract
businesses. The packaging materials used in this industry include a
wide range of options such as pharmaceutical-grade plastics, glass,
and metal bottles, vials, and ampoules. Modern trends in this
market include the adoption of cloud packaging companies,
serialization, and investment in high-tech production capacity. The
market also caters to the packaging needs of various pharmaceutical
product categories, including bioproducts, generic pharmaceuticals,
oncology drugs, high-potency drugs, antibody conjugates, steroids,
and solid dosages. Raw materials used in pharmaceutical packaging
include various types of silicone-based materials. The market also
addresses the challenge of counterfeit medicines by providing
secure and tamper-evident packaging solutions. Ancillary services,
such as bottle filling services for plastic and glass bottles, are
also offered by contract packaging companies. Patients ultimately
benefit from the high-quality packaging that ensures the safety and
efficacy of their medications.
Market Research Overview
The pharmaceutical contract packaging market is a critical
segment of the global pharmaceutical industry, providing essential
services for the manufacturing, packaging, and distribution of
various pharmaceutical products. This market caters to diverse
needs, including those of the ecommerce industry, government
agencies, and pharmaceutical corporations. Pharmaceutical packaging
materials, such as silicone-based and sustainable ones, are key
resources in this market. Serialization and anti-counterfeit
measures are crucial aspects of contract packaging services,
ensuring the authenticity and safety of medicines and drugs. The
market encompasses various packaging processes, including blister
packaging, bottling services, and autoinjectors, for solid dosage
forms, injectables, and oral medications. The market is influenced
by factors like global economic growth, aging population, and the
pharmaceutical market's continuous evolution, with a focus on novel
drugs, generic pharmaceuticals, and bioproducts. Contract packaging
services are increasingly being outsourced for flexibility,
profitability, and capacity expansions, with specialized equipment
and log keeping being essential for maintaining data administration
and electronic systems. Locations like Cookeville, Tennessee, are home to significant
contract packaging players, including Credence MedSystems, offering
services such as filling bottles (plastic and glass), and ancillary
services like labeling and packaging design. The market also
addresses concerns related to shortages of raw materials, human
handling errors, and sustainable materials, catering to the needs
of various pharmaceutical vendors and patients. The ecommerce
sector's growth and the increasing demand for child-resistant
packaging further expand the market's geographic reach. Innovative
technology and investment in production capacity are essential for
staying competitive in this dynamic market, with a focus on
high-potency drugs, oncology drugs, antibody conjugates, steroids,
and injectables. Counterfeit drugs and sustainability remain
significant challenges, necessitating continuous improvements in
the industry's supply chain and packaging processes.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Packaging
-
- Plastic Bottles
- Blister Packs
- Pouches
- Parenteral Containers
- Pre-filled Syringes
- Type
-
- Primary
- Secondary
- Tertiary
- Geography
-
- North America
- APAC
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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