The pharmaceutical secondary packaging market is expected to be worth US$ 41,950 million in 2023, rising to US$ 72,010 million by 2032. Revenue from pharmaceutical secondary packaging sales is predicted to grow at a CAGR of 6.2% during the forecast period.
The pharmaceutical secondary packaging industry is witnessing significant growth, driven by various factors such as the increasing use of unit dose packaging for drugs, the growing importance of product safety and traceability, and the increasing use of child-resistant and senior-friendly packaging. The rise in Unit Dose Packaging is one of the key drivers of the industry.
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
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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.
Drivers:
- Pharmaceutical Industry Growth: The expansion of the pharmaceutical industry, driven by aging populations and increasing healthcare needs, fuels the demand for secondary packaging to protect and preserve medications.
- Stringent Regulations: Strict regulatory requirements for pharmaceutical packaging to ensure product safety and compliance with labeling and serialization standards drive the adoption of advanced secondary packaging solutions.
- Patient Safety: Ensuring the safety of pharmaceutical products during storage and transportation is a top priority, driving the need for secure and tamper-evident secondary packaging.
- Biopharmaceuticals and Specialty Drugs: The growth of biopharmaceuticals and specialty drugs with unique packaging requirements increases the demand for specialized secondary packaging solutions.
- Customization and Branding: The need for product differentiation and branding in the pharmaceutical sector encourages the use of innovative and customized secondary packaging.
- E-commerce and Direct-to-Patient Delivery: The rise of e-commerce in the pharmaceutical sector requires secure secondary packaging for direct-to-patient deliveries, enhancing convenience and accessibility.
Restraints:
- Cost Constraints: Developing and implementing advanced secondary packaging solutions can be expensive, and cost constraints may limit their adoption, especially among smaller pharmaceutical companies.
- Environmental Concerns: The pharmaceutical industry faces growing pressure to reduce plastic waste and improve sustainability, which can be a challenge for secondary packaging materials.
- Counterfeiting and Tampering: While regulations drive tamper-evident packaging, counterfeit prevention measures can increase packaging complexity and costs.
- Supply Chain Challenges: Global supply chain disruptions, such as those seen during the COVID-19 pandemic, can impact the availability and delivery of secondary packaging materials.
- Space Limitations: Limited space in healthcare facilities and pharmacies can restrict the use of bulky secondary packaging, especially for high-volume products.
- Packaging Waste: The pharmaceutical industry generates substantial packaging waste, and managing the disposal and recycling of secondary packaging materials can be a concern.
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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.
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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.
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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
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