Leading Innovators: Top 10 Companies Shaping the Future of Pharmaceutical Packaging Market


Posted August 30, 2024 by Harshal

According to the latest publication from Meticulous Research®, the global pharmaceutical packaging market is projected to reach $176.54 billion by 2031 at a CAGR of 7.6% from 2024 to 2031.
 
The global pharmaceutical packaging market is anticipated to reach $176.54 billion by 2031, growing at a CAGR of 7.6% during the forecast period, according to Meticulous Research®. Pharmaceutical packaging plays a critical role in protecting and preserving drugs and pharmaceutical products, encompassing primary, secondary, and tertiary packaging layers. Primary packaging directly contacts the drug, while secondary and tertiary packaging provides additional protection during storage and distribution.

The market's growth is driven by the expansion of the pharmaceutical sector, increased demand for drug delivery devices, rising healthcare expenditures, the growing focus on biosimilars, and the trend toward contract manufacturing and packaging. Additionally, the aging population and the rising prevalence of chronic diseases further fuel market expansion. However, challenges such as counterfeit packaging, waste generation from single-use packaging, and concerns about material leaching into pharmaceutical products may restrain growth.

Opportunities in the market are expected to arise from the increasing adoption of personalized medicines and self-medication, improvements in healthcare infrastructure in emerging economies, rising pharmaceutical R&D spending, and the growing focus on vaccine development. However, the evolving regulatory landscape and shifting market demands pose significant challenges.

Leading Companies in the Pharmaceutical Packaging Market

1. Amcor plc (Switzerland)
Founded in 1860 and headquartered in Zurich, Switzerland, Amcor plc is a prominent developer and producer of packaging solutions for various sectors, including pharmaceuticals, food, and personal care. The company operates in the pharmaceutical packaging market through its Flexibles and Rigid Packaging segments, offering solutions for injectables, oral medications, medical devices, and more. Amcor has a strong global presence with operations in over 41 countries and more than 218 sites worldwide.

2. AptarGroup, Inc. (U.S.)
Founded in 1940 and headquartered in Illinois, U.S., AptarGroup, Inc. specializes in drug and consumer product dosing, dispensing, and protection technologies. Through its Aptar Pharma segment, the company offers a range of pharmaceutical packaging products, including solutions for prescription drugs, consumer healthcare, injectables, and digital health. AptarGroup has a global footprint, with sales locations in 20 countries and multiple manufacturing facilities worldwide.

3. Becton, Dickinson and Company (U.S.)
Established in 1897 and based in New Jersey, U.S., Becton, Dickinson and Company (BD) is a medical technology firm that develops and manufactures medical devices, supplies, and diagnostic products. BD operates in the pharmaceutical packaging market through its BD Medical segment, providing packaging solutions for healthcare institutions, life science researchers, and the pharmaceutical industry. BD has manufacturing facilities across the globe, including in China, Germany, India, and the U.K.

4. Gerresheimer AG (Germany)
Founded in 1864 and headquartered in Düsseldorf, Germany, Gerresheimer AG provides packaging solutions and drug delivery devices for the pharma, health, and biotech industries. The company's product portfolio includes syringes, vials, ampoules, and other packaging solutions. Gerresheimer operates through three divisions—Plastics & Devices, Primary Packaging Glass, and Advanced Technologies—and has a strong presence in countries like Brazil, India, China, and the U.S.

5. Corning Inc. (U.S.)
Established in 1851 and based in Massachusetts, U.S., Corning Inc. specializes in glass science, ceramic science, and optical physics. The company provides pharmaceutical packaging products through its Life Sciences segment, which serves the needs of the chemicals, drugs, biologics, and vaccines markets. Corning has production sites in the U.S., France, China, and several other countries, with a broad geographical presence in regions like India, Germany, and South Africa.

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6. Schott Pharma AG & Co. KGaA (Germany)
Founded in 2022 and headquartered in Mainz, Germany, Schott Pharma AG & Co. KGaA is a subsidiary of Schott AG focused on drug containment and delivery systems. The company offers pharmaceutical packaging solutions, including syringes, vials, and ampoules, through its Drug Containment Solutions and Drug Delivery Systems segments. Schott Pharma has 16 manufacturing locations globally, with R&D centers in Germany, China, and Switzerland.

7. Berry Global Group, Inc. (U.S.)
Established in 1967 and based in Indiana, U.S., Berry Global Group, Inc. manufactures and supplies rigid, flexible, and non-woven products for various industries, including healthcare. The company operates in the pharmaceutical packaging market through its Consumer Packaging International and Consumer Packaging North America segments. Berry Global has a global presence with more than 250 facilities across the U.S., Europe, and Asia.

8. SGD Pharma (France)
Founded in 1896 and headquartered in Paris, France, SGD Pharma specializes in the manufacture of glass pharmaceutical packaging, including vials, ampoules, and bottles. The company operates production sites in France, Germany, India, and China, with a global capacity of over 8 million vials per day. SGD Pharma is certified for good manufacturing practices and adheres to various international standards for health, safety, and environmental management.

9. Catalent, Inc. (U.S.)
Founded in 2007 and headquartered in New Jersey, U.S., Catalent, Inc. is a leader in the development and manufacturing of solutions for cell and gene therapies, drugs, and vaccines. The company offers pharmaceutical packaging products through its Biologics and Pharma & Consumer Health segments. Catalent has 52 manufacturing facilities across Europe, Asia-Pacific, Latin America, and North America.

10. WestRock Company (U.S.)
Founded in 2015 and based in Georgia, U.S., WestRock designs and manufactures fiber-based packaging solutions. The company operates in the pharmaceutical packaging market through its Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution segments. WestRock has a global presence with operations in Japan, China, Brazil, India, and other countries.

Notable Mentions: Drug Plastics Group (U.S.), West Pharmaceutical Services, Inc. (U.S.), Nipro Corporation (Japan), UFLEX LIMITED (India), Ecobliss Pharmaceutical Packaging (Netherlands), Bormioli Pharma S.p.a. (Italy), Origin Pharma Packaging (U.K.), among others.

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Issued By Harshal
Country United States
Categories Business , Health , Research
Tags top 10 companies in pharmaceutical packaging market , pharmaceutical packaging market , top 10 companies
Last Updated August 30, 2024