Pharmaceutical Contract Packaging Market

Pharmaceutical Contract Packaging Market

Segments - by Type (Primary Packaging [Bottles, Vials, Ampoules, Blister Packs, and Others], Secondary Packaging, and Tertiary Packaging), Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-664
  • Author: Growth Market Reports
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  • No. Of Pages: 160
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The global pharmaceutical contract packaging market size was valued at USD 28 billion in 2019 and is anticipated to expand at a CAGR of 7% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing outsourcing and growing quality requirements of pharmaceutical packaging in emerging countries.

Pharmaceutical contract packaging is a type of packaging that serves to pharmaceutical industry only. It refers to the packaging activities done by third-party vendors. Many drug manufacturing companies are moving towards outsourcing packaging to save their expenses and time. The packaging activities are outsourced to contract packagers by pharmaceutical companies to reduce the total production cost and speed of the market. This is projected to push the market growth over the forecast period.

Pharmaceutical Contract Packaging Market Key Takeaways

Moreover, small pharmaceutical companies present in the industry face some issues such as budget constraints, a lack of in-house packaging capabilities, and expertise. To control these issues contract packaging service providers is an effective approach. Limited resources and budgets has encouraged many small pharmaceutical companies to build mutual beneficial relationships with Contract Development and Manufacturing Organizations (CDMOs) and Contract Packaging Organizations (CPOs).

Contract service providers are doing substantial efforts for giving highly sophisticated packaging facilities and meeting their client’s expectations. The developing pharmaceutical industry around the world is projected to propel the market. Outsourcing of packaging activities provides multiple benefits such as increased efficiency, the existence of skilled resources, quicker and better services, and focus on core areas. These benefits companies are rising outsourcing the services to the CPOs and CDMOs.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising geriatric population, innovation in packing, and strict norms for packaging are major factors boosting the market growth.
  • Growth of the pharmaceuticals sector and the introduction of serialization are projected to propel the market expansion over the forecast period.
  • Increasing requirements of drug delivery devices, growing health consciousness, and increasing burden for reduction of costs are estimated to drive the market.
  • Constant rising cost of R&D and increasing packaging costs due to strict regulations and anti-counterfeiting efforts are expected to hamper the market growth over the forecast period.
  • Pharmaceutical packing is an important aspect when the safety of medicines are considered, therefore many corporations are unconvinced for giving control of packaging to outside vendors, which is anticipated to impede the market growth.

Scope of Pharmaceutical Contract Packaging Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Pharmaceutical Contract Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Primary Packaging [bottles, vials, ampoules, blister packs, and others], Secondary Packaging, and Tertiary Packaging), and Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Amcor plc., BALL CORPORATION, Nipro Corporation, Daito Pharmaceutical Co., Ltd., Pfizer CentreOne, West Pharmaceutical Services, Inc., WestRock Company, Patheon (Thermo Fisher Scientific Inc.), Catalent, Inc., and Baxter BioPharma Solutions


Pharmaceutical Contract Packaging Market Segment Insights

In terms of type, the pharmaceutical contract packaging market is segregated into primary packaging, secondary packaging, and tertiary packaging. The primary packaging segment is expected to hold a key share of the market during the forecast period, due to the rising outsourcing of primary packaging activities owing to inefficient in-house capacities and capabilities. The primary packaging segment is further bifurcated into bottles, vials, ampoules, blister packs, and others.

In the primary packaging market bottles segment is the major segment, due to the increasing need for pharmaceutical bottles across the globe and the growing adoption of pharmaceutical bottles for unit dose packaging in regions such as Asia Pacific. On the other hand, the blister packs segment is anticipated to expand at a rapid pace during the forecast period, due to the rise in outsourcing of blister wrapping activities in emerging countries such as India, Brazil, and China.

Based on Material, the market is divided into plastics & polymers, paper & paperboard, glass, aluminum foil, and others. The plastics and polymers segment is expected to account for a key share of the market during the forecast period, due to the increasing demand of the plastic packaging industry for the delivery and storage of medicines. Also, rising difficulty of plastic packaging needs because of innovative products are coming in the market which rising the partnerships between pharmaceutical companies and CPOs in the industry.

The glass segment is projected to hold a large market share in the coming years, due to the inability of glass wrapping in various midsized and small pharmaceutical companies. Moreover, the CPOs and CDMOs offer low-cost service of pharmaceutical glass wrapping is anticipated to boost the market.

Pharmaceutical Contract Packaging Market By Materials

On the basis of region, the pharmaceutical contract packaging market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to the service quality given by CPOs and CDMOs based in the U.S. Furthermore, to enter in the U.S. markets, many pharmaceutical companies outsource their wrapping activities to contract packagers in North America.

The market in Asia Pacific is expected to exhibit a rapid growth rate in the coming years, owing to the occurrence of a huge number of contract packaging service providers in the region. These providers are majorly focusing on facilities provided by them to satisfy the growing needs of pharmaceutical companies. Also, rising the outsourcing of pharmaceutical manufacturing to countries such as India is one of the propelling factors for the market growth in the region.

Pharmaceutical Contract Packaging Market By Regions

Segments

Segments Covered in the Report
The global pharmaceutical contract packaging market has been segmented on the basis of

Type
  • Primary Packaging
    • Bottles
    • Vials
    • Ampoules
    • Blister Packs
    • Others
  • Secondary Packaging
  • Tertiary Packaging
Material
  • Plastics & Polymers
  • Paper & Paperboard
  • Glass
  • Aluminum Foil
  • Others
Region
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Amcor plc.
  • BALL CORPORATION
  • NIPRO
  • Daito Pharmaceutical Co., Ltd.
  •  Pfizer Inc.
  • West Pharmaceutical Services, Inc.
  • WestRock Company
  • Patheon (Thermo Fisher Scientific Inc.)
  • Catalent, Inc.
  • Baxter BioPharma Solutions

Competitive Landscape

Key players competing in the pharmaceutical contract packaging market are Amcor plc., BALL CORPORATION, Nipro Corporation, Daito Pharmaceutical Co., Ltd., Pfizer CentreOne, West Pharmaceutical Services, Inc., WestRock Company, Patheon (Thermo Fisher Scientific Inc.), Catalent, Inc., and Baxter BioPharma Solutions.

Key players are adopting business strategies including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance, in June 2017, Multi Packaging Solutions International Limited as acquired by WestRock for making stronger packaging service segment.

 Pharmaceutical Contract Packaging Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharmaceutical Contract Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Pharmaceutical Contract Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Pharmaceutical Contract Packaging Market - Supply Chain
  4.5. Global Pharmaceutical Contract Packaging Market Forecast
     4.5.1. Pharmaceutical Contract Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Pharmaceutical Contract Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Pharmaceutical Contract Packaging Market Absolute $ Opportunity
5. Global Pharmaceutical Contract Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Pharmaceutical Contract Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Pharmaceutical Contract Packaging Demand Share Forecast, 2019-2026
6. North America Pharmaceutical Contract Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Pharmaceutical Contract Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Pharmaceutical Contract Packaging Demand Share Forecast, 2019-2026
7. Latin America Pharmaceutical Contract Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Pharmaceutical Contract Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Pharmaceutical Contract Packaging Demand Share Forecast, 2019-2026
8. Europe Pharmaceutical Contract Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Pharmaceutical Contract Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Pharmaceutical Contract Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Pharmaceutical Contract Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Pharmaceutical Contract Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Pharmaceutical Contract Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Pharmaceutical Contract Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Pharmaceutical Contract Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Pharmaceutical Contract Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Pharmaceutical Contract Packaging Market: Market Share Analysis
  11.2. Pharmaceutical Contract Packaging Distributors and Customers
  11.3. Pharmaceutical Contract Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Amcor plc.
     11.4.2. BALL CORPORATION
     11.4.3. Nipro Corporation
     11.4.4. Daito Pharmaceutical Co., Ltd.
     11.4.5. Pfizer CentreOne&

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