Oral Dose Packaging Market Size Soars at US$ 504 billion by 2033: In Depth Industry Analysis

The global oral dose packaging market is poised to achieve a market value of US$ 105.66 billion in 2023, with projections pointing to an impressive valuation of US$ 504 billion by showcasing a robust CAGR of 16.91% throughout the forecast period from 2023 to 2033. In the preceding period from 2018 to 2022, the oral dose packaging market already displayed commendable growth, attaining an 11% CAGR.

A pivotal catalyst propelling this growth is the thriving pharmaceutical sector. The pharmaceutical industry has experienced rapid expansion in recent years, thanks to noteworthy advancements in science and technology. This upward trajectory is projected to persist, particularly in emerging economies such as China, India, and Brazil.

Furthermore, an increasing number of individuals are turning to alternatives like Ayurveda and homeopathy to circumvent the side effects often associated with certain allopathic treatments. This shift in consumer preferences is anticipated to provide a significant impetus to market expansion.

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Driving Demand for Oral Dose Packaging Market

The burgeoning healthcare and pharmaceutical industry are poised to drive the growth of the oral dose packaging market. Recent years have witnessed a surge in the demand for oral dose packaging, particularly for pharmaceutical products, in economies like India, Africa, Brazil, Russia, and China. This surge is a direct response to the mounting quality concerns within the pharmaceutical sector in these regions.

A convergence of factors, including heightened awareness regarding the benefits of robust healthcare systems, improved lifestyles, greater emphasis on hygiene, extended life expectancies, and the world’s growing population, collectively contribute to the heightened demand for oral dose packaging.

Key Takeaways

1. Remarkable Growth: The oral dose packaging market is experiencing significant growth, with a substantial increase in market value and a promising future CAGR.
2. Pharmaceutical Sector Dominance: The pharmaceutical industry’s rapid expansion is a primary driving factor for the oral dose packaging market, with emerging economies contributing substantially to this growth.
3. Global Expansion: Rising concerns about healthcare, improved lifestyles, hygiene, longer life expectancies, and a growing global population are bolstering the demand for oral dose packaging.
4. Quality Concerns: Quality issues within the pharmaceutical sector have led to an increased demand for oral dose packaging, particularly in countries like India, Africa, Brazil, Russia, and China.
5. Alternative Medicine Trends: The market is also benefiting from a shift towards alternative medical practices such as Ayurveda and homeopathy, driven by concerns about side effects associated with allopathic treatments.
6. Sustainability Focus: In response to environmental concerns, there is a growing emphasis on developing eco-friendly and sustainable packaging solutions in the oral dose packaging sector.
7. Innovative Adhesives: Manufacturers are investing in research and development to enhance adhesive technologies for double-sided tapes, focusing on improved bonding properties, temperature resistance, and versatility across various surfaces.
8. Biodegradable Materials: With increasing environmental awareness, there’s a rising preference for biodegradable and compostable materials in garbage bag production, aligning with the demand for eco-friendly solutions.

Key Market Players

• Amcor plc, Inc.
• Schott AG
• Adelphi Healthcare Packaging
• SGD SA
• Stevanato Group S.p.a.
• Sonoco Products Company
• Klockner Pentaplast Group
• West Pharmaceutical Service
• Berry Global, Inc.
• Comar LLC
• UDG Healthcare plc
• Constantia Flexibles Group GmbH, Nipro Corporation
• Catalent, Inc.
• Winpak Ltd.
• Pacific Vial Manufacturing Inc.
• WestRock Company
• Gerresheimer AG

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Key Segments

By Material:

• Glass
• Plastics
• Paper & Paperboards Metal
• Others

By Type:

• Re-useable
• Disposable

By End User:

• Clinics
• Hospitals
• Homecare Settings
• Other

By Region:

• North America
  • USA
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • United Kingdom
  • France
  • Germany
  • Italy
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
• East Asia
  • China
  • Japan
  • South Korea
• South Asia & Pacific
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia & New Zealand
  • Rest of South Asia & Pacific
• Middle East & Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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