The secondary packaging market for pharmaceuticals is anticipated to reach US$ 41,950 million in 2023 and US$ 72,010 million in 2032. Sales of pharmaceutical secondary packaging are expected to generate revenue that will increase at a CAGR of 6.2% over the projected period.
Pharmaceutical secondary packaging refers to the packaging process that involves the containment, protection, and labeling of pharmaceutical products. It is an essential step in the pharmaceutical supply chain that ensures the safe storage, transportation, and identification of drugs. The primary packaging, such as blister packs or vials, directly holds the drug, while secondary packaging provides an additional layer of protection, facilitates proper labeling, and ensures compliance with regulatory requirements.
The desire for cutting-edge healthcare solutions and improvements in medical research are driving constant change in the pharmaceutical business. The significance of secondary packaging in the pharmaceutical industry cannot be emphasised in conjunction with this expansion. Pharmaceutical secondary packaging is essential for maintaining the integrity, potency, and safety of medical items. It also helps brands stand out from the competition and adhere to legal requirements.
Avail Free PDF Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-16614
The growing importance of product safety and traceability is another key driver of the industry. The increasing awareness of the risks associated with drug contamination and tampering is driving the demand for secondary packaging that can protect drugs from these risks. This includes e-pedigree systems, which are used to track and trace the movement of drugs through the supply chain. This helps to ensure that only safe and authentic drugs reach the market.
The increasing demand for child-resistant and senior-friendly packaging is also driving the growth of the industry. These packaging options are designed to prevent accidental ingestion of drugs by children and older adults. This helps to improve patient safety and reduce the risk of medication errors. Additionally, the growing number of prescription drugs is driving the revenue growth from the sales
Future Trends in Pharmaceutical Secondary Packaging
- Smart Packaging
The integration of technology into pharmaceutical packaging is revolutionizing the industry. Smart packaging solutions, such as RFID tags and temperature sensors, enable real-time tracking, monitoring, and authentication of pharmaceutical products. This enhances supply chain visibility, reduces the risk of counterfeit medicines, and ensures product quality.
- Child-Resistant Packaging
As the safety of children is paramount, child-resistant packaging is gaining prominence. Innovative packaging designs and closures make it challenging for children to access medications, preventing accidental ingestion and promoting household safety.
- Sustainable Packaging Materials
The shift towards sustainable packaging materials continues to grow. Biodegradable and recyclable materials, such as bio-based plastics, are being explored as alternatives to traditional packaging materials. This supports the industry’s commitment to reducing waste and environmental impact.
Key Takeaways from the Pharmaceutical Secondary Packaging Market
- The paper and paperboard category is predicted to offer an incremental potential of US$ 21.9 billion by 2032, as well as a 6.6% CAGR throughout the projection period.
- With a market share of 25.1%, the folding cartons category now leads the industry.
- The pharma/biological pharmaceuticals area is the most profitable, accounting for an anticipated 53.4% of the market by 2032.
- During the projection period, the pharmaceutical secondary packaging sector in the United States is expected to exceed US$ 14,878.6 million.
- The market in Canada is expected to grow at a 6.3% CAGR during the forecast period, reaching US$ 4,085 million by 2032.
- Throughout the projection period, Germany is expected to account for 15.3% of Europe’s pharmaceutical secondary packaging business.
Ask An Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-16614
Who is Winning?
The pharmaceutical secondary packaging industry is highly competitive, with a large number of manufacturers vying for market share. Some of the key players in the industry include
- Amcor Limited,
- Berry Global Group, Inc.,
- Bemis Company, Inc.,
- DuPont de Nemours, Inc.,
- E. I. du Pont de Nemours and Company,
- Gerresheimer AG,
- MeadWestvaco Corporation,
- Schott AG,
- Sealed Air Corporation, and
- West Pharmaceutical Services, Inc.
To attract more clients, players are focusing on delivering value-added services. Spray painting, UV coating, and metallization are the most prominent processes used by package producers to color-packing containers. In addition, pharmaceutical secondary packaging makers commonly use labeling and a range of covert and overt anti-counterfeit packaging measures, including barcodes, holograms, sealing tapes, and radio frequency-identifying devices.
Recent Developments by Key Players:
- Berry Global Group and Raw Elements USA cooperated to launch a sugarcane-based sustainable tube in January 2022. The tubes are made from waste sugarcane, which is converted into HDPE and LDPE to make a material with the same chemical composition as polyethylene obtained from fossil fuels.
- Gerresheimer AG and Stevanato Group have announced a collaboration to develop a new ready-to-use solution platform based on the EZ-fill® pre-sterilized platform in July 2022.
- In June 2021, Amcor PLC launched the ACT2100 heat seal coating for use with medical-grade DuPont Tyvek2 and paper packaging. This innovative coating process improves the performance characteristics of medical applications.
View Full Report: https://www.futuremarketinsights.com/reports/pharmaceutical-secondary-packaging-market
Pharmaceutical Secondary Packaging Market by Category
By Application:
- Pharma/ Biological Drug
- Veterinary Medicines
- Vaccine
By Material:
- Paper and Paperboard
- Plastics
By Packaging Format:
- Boxes
- Folding Cartons
- Blisters
- Bags and Pouch
- Trays
- Inserts and Dividers
- Wrapping Films
By End-use:
- Ophthalmic
- Injectable
- Biologics
- Wound Care
- Respiratory
- Therapy
- Oral
By Region:
- North America
- Latin America
- Europe
- South Asia and the Pacific
- East Asia
- Middle East and Africa
Buy Exclusive Report: https://www.futuremarketinsights.com/checkout/16614
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Tel: +1-845-579-5705
Email: sales@futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube