Latin America Pharmaceutical Packaging Market Trends 2031

Segments - Latin America Pharmaceutical Packaging Market by Packaging Materials (Paper and Paperboard, Plastic, Metal, and Glass), Products (Closures, Blister Packs, Prefillable Syringes, Vials and Ampuls, Containers, Plastic Bottles, and Others), and Geography (Columbia, Brazil, Argentina, Mexico, and Rest of Latin America) - Region Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The Latin America pharmaceutical packaging market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.8% during 2023–2031. The growth of the market is attributed to the advanced production process to develop eco-friendly and sustainable packaging solutions as well as product innovation.

Pharmaceuticals packaging is the packaging process for pharmaceuticals preparations, which includes all the activities from production through distribution channels to the end consumer.

Latin America Pharmaceutical Packaging Market Outlook

Packaging is mostly involved in dosing, dispensing, and use of the pharmaceuticals products. Different pharmaceutical gases, liquids, and solids are packaged in various types of packages such as bottles, ampoules, sachets, and blister packs.

Pharmaceutical packaging is important to protect and store drugs from damages from external environment, for identification purposes, and for promotion as well as marketing of various brands. Various types of packaging are used for pharmaceuticals products including primary, secondary, and tertiary.

Primary packaging surrounds the pharmaceutical products, whereas secondary and tertiary gives external protection to products. Packaging activities were considered important during covid-19, which benefitted the pharmaceuticals packaging companies.

Market Trends, Drivers, Restraints, and Opportunities

Increasing product innovation to fulfill new demands is anticipated to push the market growth during the forecast period.
Rapid growth of drug delivery market is main factor propelling the market expansion.
Rising prevalence of chronic diseases and growth in the generic market is projected to boost the market expansion during the forecast period.
High cost of raw materials and packaging cost is estimated to impede the market growth in the coming years.
Strict government’s regulations and standard act as major challenge that can hamper the market expansion.
R&D investment and technological advancement in packaging is expected to offer significant opportunities for the market players.

Scope of Pharmaceutical Packaging Market Report

The report on the Latin America pharmaceutical packaging market 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	Latin America Pharmaceutical Packaging Market - Region Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Packaging Materials (Paper and Paperboard, Plastic, Metal, and Glass), Products (Closures, Blister Packs, Prefillable Syringes, Vials and Ampuls, Containers, Plastic Bottles, and Others)
Geography	Columbia, Brazil, Argentina, Mexico, and Rest of Latin America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Schott AG; Amcor Limited; Aptar Group Inc.; Sealed Air Corporation; and Intrapac Group

Pharmaceutical Packaging Market Segment Insights:

Plastics segment is projected to account for a large market share

Based on packaging materials, the Latin America pharmaceutical packaging market is divided into Paper and Paperboard, Plastic, Metal, and Glass.

The plastics segment is expected to constitute a key share of the market during the forecast period owing to easy handling & transportation along with high compatibility and cost effective solutions for pharmaceuticals packaging. Plastics are easy moldable and it creates effective barrier against vapor and gas.

However, the paper and paperboard segment is anticipated to expand at a rapid pace during the forecast period due to high usage in secondary and tertiary packaging of pharmaceuticals products. Paper and paperboard are majorly used owing to its low cost, sustainability, excellent printability, and wide availability.

Latin America Pharmaceutical Packaging Market Packaging Material

Plastic bottles segment is projected to constitute a major market share

In terms of products, the market is segregated into Closures, Blister Packs, Prefillable Syringes, Vials and Ampuls, Containers, Plastic Bottles, and Others.

The plastic bottles segment is expected to account for a key share of the market during the forecast period owing to increasing use of oral drug delivery mode due to patient convenience and compliance. Plastic bottles are suitable for storing drugs in solid and liquid form and can be coupled with required type of caps & closure for different applications.

Latin America Pharmaceutical Packaging Market Products

Columbia is expected to dominate the market

On the basis of regions, the Latin America pharmaceutical packaging market is categorized as Columbia, Brazil, Argentina, Mexico, and Rest of Latin America.

The market of Colombia is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising need for specialized packaging owing to various new product launches. Various key players have recognized Colombia as regional production and distribution center for pharmaceutical products.

On the other hand, the market of Mexico is expected to exhibit a rapid growth rate in the coming years due to country’s increasing economy along with government’s initiatives to expand healthcare sector.

Segments

The Latin America pharmaceutical packaging market has been segmented on the basis of

Packaging Materials

Paper and Paperboard
Plastic
Metal
Glass

Products

Closures
Blister Packs
Prefillable Syringes
Vials and Ampuls
Containers
Plastic Bottles
Others

Geography

Columbia
Brazil
Argentina
Mexico
Rest of Latin America

Key Players

Schott AG
Aptar Group Inc.
Sealed Air Corporation
Amcor Limited
Intrapac Group

Competitive Landscape

Key players competing in the Latin America pharmaceutical packaging market include Schott AG; Amcor Limited; Aptar Group Inc.; Sealed Air Corporation; and Intrapac Group.

Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Latin America Pharmaceutical Packaging Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharmaceutical 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 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 Packaging Market - Supply Chain
  4.5. Global Pharmaceutical Packaging Market Forecast
     4.5.1. Pharmaceutical Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Pharmaceutical Packaging Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Pharmaceutical Packaging Market Absolute $ Opportunity
5. Global Pharmaceutical 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 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 Packaging Demand Share Forecast, 2019-2026
6. North America Pharmaceutical 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 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 Packaging Demand Share Forecast, 2019-2026
7. Latin America Pharmaceutical 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 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 Packaging Demand Share Forecast, 2019-2026
8. Europe Pharmaceutical 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 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 Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Pharmaceutical 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 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 Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Pharmaceutical 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 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 Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Pharmaceutical Packaging Market: Market Share Analysis
  11.2. Pharmaceutical Packaging Distributors and Customers
  11.3. Pharmaceutical Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Schott AG
     11.4.2. Amcor Limited
     11.4.3. Aptar Group Inc.
     11.4.4. Sealed Air Corporation
     11.4.5. Intrapac Group