Flexible Plastic Pharmaceutical Packaging Market was valued at USD 35.0 Billion in 2022 and is projected to reach USD 55.0 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
By 2023, the demand for flexible plastic pharmaceutical packaging is expected to see continued growth. The increasing global population and aging demographics, coupled with the rising prevalence of chronic diseases, are driving pharmaceutical companies to focus on more efficient drug delivery systems. Flexible packaging solutions are anticipated to evolve with more sophisticated features like tamper-evidence, child resistance, and easy-to-use designs. Moreover, sustainability concerns have pushed pharmaceutical manufacturers to consider eco-friendly materials and production methods.
The market outlook from 2023 to 2033 is expected to shift towards innovations in biodegradable and recyclable packaging solutions as sustainability becomes a priority. The pressure for reduced environmental impact from packaging is expected to prompt a surge in the development of plant-based plastics and recyclable multilayer films, which are becoming increasingly popular within the industry.
Flexible plastic pharmaceutical packaging manufacturers are also capitalizing on the need for smart packaging with enhanced functionalities, such as temperature-sensitive indicators and RFID tags for supply chain tracking. This is expected to result in increased adoption of flexible packaging in advanced pharmaceutical markets. The growing e-commerce sector, particularly in the pharmaceutical space, also demands packaging that is optimized for shipping and delivery while maintaining product integrity.
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The Flexible Plastic Pharmaceutical Packaging market from 2018 to 2022 witnessed significant growth due to the increasing demand for innovative and cost-effective packaging solutions in the pharmaceutical industry. Packaging plays a crucial role in ensuring the integrity, safety, and efficacy of pharmaceutical products, with flexible plastic solutions being preferred for their durability, lightweight, and convenience. Flexible plastics, including polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC), gained significant traction due to their ability to protect medicines from moisture, air, and light, thereby extending shelf life and enhancing drug stability. The pharmaceutical sector's increasing need for compliance with regulatory standards also boosted the demand for flexible plastic packaging during this period.
Amcor PIc
Ball Corp.
Becton Dickinson and Co.
Berry Global Group Inc.
Catalent Inc.
Gerresheimer AG
O-I Glass Inc.SCHOTTAG
West Pharmaceutical Services Inc.
WestRock Co.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Flexible Plastic Pharmaceutical Packaging Market
Medicine
Nutraceuticals
Others
Based on Types the Market is categorized into Below types that held the largest Flexible Plastic Pharmaceutical Packaging market share In 2023.
Plastic Film
Aluminum Foil
Glass
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Flexible Plastic Pharmaceutical Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Flexible Plastic Pharmaceutical Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Flexible Plastic Pharmaceutical Packaging Market, By Type
6. Global Flexible Plastic Pharmaceutical Packaging Market, By Application
7. Global Flexible Plastic Pharmaceutical Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Flexible Plastic Pharmaceutical Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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