Segmentation:

Based on material, the pharmaceutical packaging market has been segmented into paper & paperboard, plastic, glass, and others. Among these, the plastic segment is expected to lead the expansion of the market in the coming years. Factors such as aesthetic appeal, convenience, etc. are poised to drive the growth of the segment over the next couple of years.

On the basis of packaging, the pharmaceutical packaging market has been segmented into flexible packaging, rigid packaging, and semi-rigid packaging. Among these, the rigid packaging segment is anticipated to have the most prominent share of the market in the upcoming years. The demand is driven by the protection provided by the product against physical damage, biological contamination, etc.

Regional Analysis:

The regional segments of the global pharmaceutical packaging market, assessed in this MRFR analysis, are - North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is expected to account for the major share of the market owing to rising investments in packaging innovations. The development of lightweight and durable packaging solutions is expected to drive the growth of the pharmaceutical packaging market in the region. Europe is also anticipated to witn4ess substantial growth rate over the next couple of years. This can be attributed to the rising sales of drugs owing to increasing prevalence of diseases. In addition, increasing focus of drug development in the region is also projected to expedite the growth process of the pharmaceutical packaging market in the region in the years to come. Asia Pacific is a potential market. The growth of the healthcare sector in the region is anticipated to lead the expansion of the regional market over a couple of years.

Competitive Dashboard:

Amcor Limited (Australia), Owens-Illinois Inc. (US), SCHOTT AG (Germany), Sonoco Products Company (US), WestRock Company (US), West Pharmaceutical Services, Inc. (US), Berry Global Inc. (US), AVERY DENNISON CORPORATION (US), CCL Industries, Inc. (Canada), International Paper (US), Gerresheimer AG (Germany), and Comar, LLC (US) are some of the prime players of the global pharmaceutical packaging market.

Industry News:

In October 2019, Romaco and Huhtamaki, a leader in the packaging industry, showed its first recyclable strip packaging which will be used in the packaging of pharmaceutical solids.