Product Innovation and Organic Strategies to Drive the Growth of Pharmaceutical Packaging Market

Introduction

Pharmaceutical packaging is used for storing and transporting of medicines while keeping its properties intact until it is consumed. Innovation and product development has always been among the primary driving force of the pharmaceutical industry. This is one of the reasons why the use of technology is the area of focus and investment among leading players of this market. Companies are putting in considerable effort into expanding their facilities and equipping themselves with modern technologies to stay ahead in this market. For instance, in March 2019, Gerresheimer announced its plan of investing in a new plant in Skopje, Macedonia. The plan is expected to start from the second half of 2020. However, recent developments such as Brexit and the coronavirus pandemic is expected to delay its operation.

Asia-Pacific will register the highest growth rate in this market, owing to the emerging middle class, along with the increase in investments aimed at improving the healthcare infrastructure. However, the high packaging costs, the erratic regulatory landscape, and the increasing efforts on anti-counterfeiting measures are anticipated to restrict the growth of this market to a certain extent.

Competitive Players

Recent Developments

Segmentation

Pharmaceutical Packaging Market Segmentation

By Type

• Cartridges
• Blister Packs
• Labels and Accessories
• Caps and Closures
• Plastic Bottles
• Pre-fillable Syringes
• Temperature-Controlled Packaging
• Pre-filled Inhalers
• Medical Specialty Bags
• Pouches and Strip Packs
• Vials
• Ampoules
• Jars and Canisters
• Medication Tubes
• Others (Trays, Paperboard Boxes, and Corrugated Boxes)

By Product Type

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

By Raw Material

• Plastics and Polymers
• Glass
• Metals
• Paper and Paperboards
• Others (Rubber and Steel)

By Drug Delivery Mode

• Oral Drugs
• Pulmonary
• Transdermal
• Injectables
• Topical
• Nasal
• Ocular/ Ophthalmic
• IV Drugs
• Others (targeted drug delivery, carrier-based drug delivery, nanoparticle drug delivery, and genetic transfer)