Pharmaceutical packaging are basically packaging products that are made using compatible materials, for transfer and storage of drug. Based on the nature of the drug, packaging products are chosen from a range of material types and product types, to provide protection, identification, and ensure the integrity of the enclosed drug product.

- Pharmaceutical drugs needed to be safeguarded from various hazards that include mechanical, chemical, biological, and climate. Pharmaceutical packaging is done using a variety of raw materials, including plastics, paper and paperboards, glass, and metal, among others, in different drug delivery modes, such as oral, pulmonary, injectable, transdermal, topical, interventional, nasal, and ocular.

- The pharmaceutical industry across the world has evolved considerably, owing to various factors that include the growth in regulatory norms worldwide and focus on population health management and invention. In addition, the growth in the demand for over-the-counter medicines and more informed customer base are also driving the growth of the market.

- Packaging manufacturers are ensuring that the design of pharmaceutical containers for biologics address the challenge of extractables and leachables (E&L) that can diminish a biologic’s purity and therapeutic effectiveness due to the risk of drug/container interaction. For instance, syriQ BioPure syringes are designed such that a range of coated plunger stoppers address the challenges, especially for sensitive applications. The company tested more than 48 different combinations featuring elastomer components with premium quality.

- Furthermore, nanotechnology, the science of very small materials, has a huge impact on pharmaceutical packaging, as it enables the introduction of innovative and new-gen packaging solutions to the market, thus, driving the growth. Improved barrier properties in plastics and enhanced functionality for nanotechnology facilitates the growth of the pharmaceutical packaging market. Hence, innovations in nanotechnology aid the growth and expansion of the plastic pharmaceutical packaging segment.

- The spread of COVID-19 negatively impacted the market due to disruptions in supply chain, as a result of extended factory closures globally. Logistically, it has been difficult for bottles, blister packaging, prefillable syringes, vials, and ampoules manufacturers to provide to pharma companies.

- For instance, AGI glaspac’s pharma segment, which currently contributes 30%- 32% of glass packaging in the Indian pharma packaging industry, is facing hampered production, affected supplies and increased stock. So far, the company is working partially with limited raw materials like sand and soda ash, the key input raw materials for glass packaging.

Key Market Trends

Glass Packaging Hold Significant Market Share

- Glass packaging is one of the primary packaging materials used by the pharmaceutical industry, as it limits the alkalinity and hydrolytic resistance of the glass container. Within the pharmaceutical packaging market, glass bottles are expected to occupy a significant share by volume, driven by an increasing number of applications in both solid and liquid oral medications, as containers provide convenience, safety, and security.

- Glass containers offer high transparency, which allows easy inspection of its contents, and enables protection because it is relatively impermeable to air and moisture and chemical resistance to most of the medicinal products. Moreover, the demand for pharmaceutical glass and containers is majorly from densely populated economies, such as India and China. The growing pharmaceutical production in these countries is further increasing demand.

- Moreover, the increasing demand for injectable pharmaceuticals is significantly driving the growth of glass bottles in the pharmaceutical sector. The robust demand for oncology and other high-potency drugs (such as antibody conjugates, steroids, and IV fluids that require quick onset of action) is expected to be the key growth driver.

- The increasing number of people who have diabetes is significantly supporting the growth of glass bottles for injectable pharmaceuticals. According to the World Health Organization (WHO), around 422 million people have diabetes around the world. The growth in this number increases the demand for penicillin, which is, thereby, contributing to the growth of the market.

Free Sample report for this report is available :- https://www.statzyreports.com/report/sr499095/pharmaceutical-packaging-market

North America to Occupy Largest Share

- North America is known for its technological development and product innovations, which is motivating manufacturers to produce high-class packaging solutions for the pharmaceutical industry. Major factors driving the North American pharmaceutical packaging market's growth include the contribution of nanotechnology advancement in manufacturing processes and technological innovation, growing demand for drug delivery devices, and blister packaging to the pharmaceutical packaging market.

- The United States will continue to be the largest national pharmaceutical packaging market as its advanced drug-producing sector commercializes new sophisticated therapies with specialized packaging needs. Advances in pharmaceutical packaging in the country are focused on improving the barrier properties of the packaging material.

- Moreover, the United States dominates the North American market for pharmaceutical glass packaging due to global players' presence, like Owens Illinois, Corning, and Gerresheimer. These companies cater to some of the largest pharmaceutical companies, like Abbott, Pfizer, Roche, and Novartis. These pharmaceutical companies cater to both domestic and international customers from their North American facilities.

- As people become more health-conscious and adopt a healthy lifestyle in the United States and Canada, the sale of a pharmaceutical drug is increasing. This makes the sales of pharmaceutical packaging products, such as a refillable syringe, vial, blister packs, etc. There is a need for constant innovation in the United States market, as stringent regulations by agencies, such as the FDA, require manufacturers to comply with stringent regulations while packaging drugs in the region.

Competitive Landscape

The pharmaceutical packaging market is fragmented, established companies are focusing on innovation and acquisition. Companies invest a large amount of their resources and money in R & D to innovate new products, meeting with the environment, and government compliance. Digital mass serialization is becoming a popular solution to combat counterfeiting. Some of the recent developments in the market are -

- Mar 2019 - West Pharmaceuticals opened New Digital Technology Center in Bengaluru, India. This Digital Technology Center will allow West Pharmaceutical team to create compelling digital experiences for their global customer base, source talent from India's fast-growing technology industry, and bring forward the latest digital advancements to create insights and value for their customers and team members for ultimately delivering better business results.

- April 2019 - SCHOTT invested BRL 50 million in its pharmaceutical tubing production in Rio de Janeiro, as part of its global growth strategy. As the demand in pharmaceutical industries increases, SCHOTT is contributing to manufacture 100% inspection of glass tubing to detect possible defects.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support


For sample report please visit : https://www.statzyreports.com/report/sr499095/pharmaceutical-packaging-market

Contact Us:
Poojan Dogra
Public Relations Manager
Email : [email protected]
Email : [email protected]
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com