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India Pharmaceutical Packaging Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.67% (2024-2032)
Patients and healthcare providers are seeking more user-friendly and tamper-evident packaging options, which help in ensuring dosage accuracy and improving patient compliance. The India pharmaceutical packaging market size reached US$ 1,787.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,196.6 Million by 2032, exhibiting a growth rate (CAGR) of 6.67% during 2024-2032.
India Pharmaceutical Packaging Industry Trends and Drivers:
The India pharmaceutical packaging market is being driven by a combination of regulatory changes, increased healthcare demands, advancements in packaging technologies, and the overall growth of the pharmaceutical industry. One of the primary factors propelling this market is the burgeoning Indian pharmaceutical sector due to rising domestic consumption and exports. As the country positions itself as a global hub for generic medicines, the need for safe, efficient, and compliant packaging solutions is growing. This is further supported by strict government regulations that mandate high standards for drug safety, packaging integrity, and traceability, particularly to avoid contamination and ensure proper labeling. The need to meet international quality standards for exports is further propelling Indian pharmaceutical companies to invest in advanced packaging solutions. Additionally, the rising demand for medicines owing to an aging population and the growing incidence of chronic diseases like diabetes, cancer, and cardiovascular disorders is creating the need for innovative and secure packaging.
With the shift towards more complex biologic drugs and injectable medicines, the need for specialized packaging, such as prefilled syringes, blister packs, and ampoules, is rising. These solutions not only ensure drug stability but also offer greater convenience in drug administration, catering to the evolving needs of both patients and healthcare providers. As people are opting for home delivery of medicines, there is a greater emphasis on packaging that ensures the safe transit of drugs, maintaining their potency and preventing any tampering. Cold chain packaging, which is critical for biologics, vaccines, and other temperature-sensitive medications, is also gaining prominence due to the global and domestic distribution of several medicines. Environmental sustainability is another significant factor positively influencing the market. As awareness about plastic waste and its environmental impact is growing, there is an increase in the demand for eco-friendly packaging solutions in India.
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India Pharmaceutical Packaging Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Material Type:
Plastic
Glass
Others
Breakup by Product Type:
Bottles
Vials and Ampoules
Syringes
Tubes
Caps and Closures
Pouches
Labels
Others
Breakup by End User:
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
Amcor plc
AptarGroup Inc.
EPL Limited
Huhtamaki PPL Ltd
Nipro Corporation
Parekhplast India Limited
SCHOTT Pharmaceutical Packaging
SGD Pharma,
UFlex Limited
West Pharmaceutical Services Inc.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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