Market Research Blog

In a recently updated edition, the CAGR for the pharmaceutical packaging market from 2024 to 2034 is calculated to stand at 7.10%. Covering the ongoing need for medication and its packaging solutions, the market is set to reach a valuation of US$ 108.9 billion in 2024. The promising nature of the pharma sector in emerging economies has set an uptrend in its market valuation, doubling to US$ 216.2 billion by 2034.

Stringent regulatory requirements imposed by health authorities worldwide play a pivotal role in the pharmaceutical packaging market. Regulations ensure product safety, traceability, and adherence to quality standards, compelling pharmaceutical companies to invest in compliant packaging solutions. Ongoing advancements in packaging technologies contribute to market growth. Innovations such as smart packaging, track-and-trace systems, and tamper-evident features enhance product security, improve patient safety, and address counterfeiting concerns.

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The increasing production of generic drugs, prompted by patent expirations of branded medications, fuels the demand for pharmaceutical packaging. The anticipated surge in global pharmaceutical production and consumption is poised to drive significant growth in pharmaceutical packaging sales over the projected period. The growing emphasis on safeguarding drugs against spoilage, breakage, and leakage is expected to contribute to the rapid expansion of the pharmaceutical packaging market.

Key Takeaways

• From 2019 to 2023, the pharmaceutical packaging market was valued at a CAGR of 9%
• Based on product type, the bottles segment is expected to account for a share of 33.4% in 2024.
• Global pharmaceutical packaging demand in China is predicted to account for a CAGR of 7.5% in 2024.
• In the United States, the pharmaceutical packaging industry is expected to account for a CAGR of 5.6% in 2024.
• Germany is projected to expand by a value CAGR of 5.8% between 2024 and 2034.
• Pharmaceutical packaging market in India is anticipated to record a CAGR of 7.9% in 2024.

“The rapid growth of the pharmaceutical industry and increasing focus on ensuring the protection of drugs from spoilage, breakage, and leakage is anticipated to drive the market growth during the forecast period.” says Ismail Sutaria, Principal consultant at Future Market Insights

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Competitive Landscape

The market players are investing in and adopting advanced packaging technologies, such as smart packaging, RFID (Radio-Frequency Identification), and QR codes, to enhance product security, traceability, and patient engagement.

• Amcor Plc is a global packaging company that provides a wide range of packaging solutions, including pharmaceutical packaging. Amcor focuses on sustainable packaging solutions, and has made commitments to address environmental concerns. The company invests in research and development to introduce innovative packaging technologies. Amcor often expands its product portfolio through acquisitions and partnerships.
• Ardagh Group S.A. is a multinational packaging company involved in metal and glass packaging, including pharmaceutical packaging solutions. Ardagh emphasizes sustainability in its operations and product offerings. The company explores strategic acquisitions and partnerships to expand its market presence and capabilities.

Key Players:

• Amcor Plc
• Ardagh Group S.A.
• Berry Global Group, Inc.
• Bilcare Limited
• Catalent, Inc.
• Clondalkin Group Holdings B.V.
• Constantia Flexibles Group GmbH
• Gerresheimer AG
• Klöckner Pentaplast Group
• Mondi Group

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Key Segmentations:

By Product Type:

• Bottles
  • Packer Bottles
  • Liquid Bottles
• Vials & Ampoules
• Blisters
• Bags & Pouches
• Prefilled Syringes & cartridges
• Sachets
• Trays
• Tubes
• Containers
• Jars
• Others

By Material Type:

• Plastics
  • LDPE
  • HDPE
  • Polyvinyl Chloride
  • Polypropylene
  • Polystyrene
  • Polyethylene Terephthalate
  • Others (Polycarbonate)
• Glass
• Metals
• Paper

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

About the Packaging Division at Future Market Insights

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective of providing authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The confectionery packaging market is anticipated to expand its roots at an average CAGR of 4.4% between 2023 and 2033. The market is expected to have a market share of US$ 17.50 billion by 2033 while it is likely to be valued at US$ 11.37 billion in 2023

• The latest packaging innovations with the usage of paper and bio-plastics are expected to transform confectionery packaging. Furthermore, the renewable and recycled materials used in designing customizable packaging solutions are also trending in the market.
• The expansion of the confectionery sector post-pandemic with new product launches in the market is increasing the sales of confectionery packaging solutions. Also, the brand’s commitment to limiting the environmental impact of its packaging is pushing them to innovate.
• Some of the vendors are focusing highly on the specialization of the packaging that they let the end user design their designs and texts. Alongside this, the lightweight, enhanced texture, and usage of a minimal amount of plastic are some of the key drivers for the market growth
• New packaging innovations for products like candies and chocolates such as twist-wrapped, double-layered, paper packaging are gaining traction in the market space. Some of these features include the usage of paper-based material and the matt & gloss effect.

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Key Takeaways

1. The United States market leads the confectionery packaging market in terms of market share in North America. The United States region held a market share of 17.3% in 2022. The growth in this region is attributed to expanding confectioneries, sustainable packaging businesses, and the government’s ban on limited plastic control. North American region held a market share of 18.7% in 2022.
2. Germany’s market is another important market in Europe region. The market held a market share of 6.1% in 2022. The growth is caused by high tourist footfall and the existence of old popular confectioneries. Furthermore, Europe region also held a 36.4% global share in 2022.
3. India’s confectionery packaging market thrives at a CAGR of 7.4% during the forecast period. The growth is attributed to high investments and innovative packaging businesses.
4. China market also thrives at a CAGR of 6.5% between 2023 and 2033. The growth is caused by the government’s efforts for sustainable and eco-friendly packaging.
5. Based on material type, the plastic material segment held the leading market share of 54.5% in 2022. The growth is attributed to high affordability, availability, and flexibility.
6. Based on the confectionery type, the chocolate confectionery segment leads the market as it held a leading market share of 45.7% in 2022. The growth is caused by the high consumption of chocolate.

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Competitive Landscape:

The key vendors focus on delivering eco-friendly packaging that is custom-made.  Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments:

• Amcor plc has extended its snacks and confectionery range in Europe with barrier materials and packaging formats. These packaging formats are available for sweets, snacks, and nuts.
• Sealed Air Corporation has acquired Liquibox, a global leader in the flexible packaging industry. The acquisition is expected to dispense many solutions for fresh packaging innovations. The acquisition is expected to enhance the supply chains

Key Segments Covered

By Packaging Type:

• Flexible Packaging
  • Wrappers
  • Stick packs & Sachets
  • Liners
  • Pouches
• Rigid Packaging
  • Folding Cartons
  • Corrugated Boxes
  • Trays
  • Containers (Metal, Glass & Plastic)

By Material Type:

• Plastic
• Paper & Paperboard
• Metal
• Aluminum Foil
• Glass

By Confectionery Type:

• Chocolate Confectionery
  • Countlines
  • Slabs/Bars/Blocks
  • Boxed Assortments
  • Tablets
  • Others(Confectionery with toys, seasonal chocolates)
• Sugar Confectionery
  • Gums, Jellies & Pastilles
  • Medicated Confectionery
  • Mints
  • Boiled Sweets
  • Toffees, Caramel & Nougats
  • Lollipops
  • Other Sugar Confectionery
• Gums
  • Chewing Gums
  • Bubble Gums

By Regions Covered:

• North America
  • The United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Russia
  • Rest of Europe
• Japan
• Asia Pacific Excluding Japan
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of Asia Pacific Excluding Japan (APEJ)
• The Middle East and Africa
  • GCC Countries
  • Israel
  • South Africa
  • The Middle East and Africa (MEA)

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The worldwide market for nylon films utilized in liquid packaging is estimated to value at US$ 454 million in 2022 and is projected to reach US$ 599 million by 2027, at a CAGR of 5.7% during the forecast period. The ascending trajectory can be attributed to the increasing demand for efficient and sustainable packaging solutions, particularly in the liquid packaging sector. This market expansion underscores the persistent industry focus on advanced materials, with nylon films playing a pivotal role in meeting evolving packaging needs and maintaining a steady growth pace.

As per Future Market Insights’ annual market analysis, the beverage and industrial sectors within the nylon films for liquid packaging market are jointly contributing to a revenue of US$ 304 million in the year 2022. This data emphasizes the significant financial impact of these specific end-use industries on the overall market landscape.

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The Food and Drink Federation highlights the UK’s food and drink industry as the largest manufacturing sector, with a projected market share of 16% in the nylon films for liquid packaging market for the year 2022. This sector plays a pivotal role in the country’s economy, contributing a substantial US$ 33 billion annually and serving as a vital component in the US$ 135.4 billion ‘farm to fork’ food chain. Through its economic reporting, the FDF aims to underscore the industry’s economic significance, emphasizing its potential for growth and productivity enhancements on a national scale.

Competitive Landscape

The key manufacturers operating in nylon films for liquid packaging market are focusing on increasing their production capacity to meet the increasing demand for nylon films for liquid packaging. Moreover, the key players are increasing their product portfolio to cater for the growing nylon films for liquid packaging market.

• In January 2021, an international provider of innovative and sustainable films for flexible packaging industry, Jindal Films, has signed an agreement for the acquisition in Italy-based nylon film specialist DOMO Films Solutions Spa (DFS) from private owned group DOMO Chemicals.
• In February 2021, a company known as INDEVCO Plastics, has launches recyclable industrial bags and films that contains up to 50% recycled resin.

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The Major Key Players Are:

• Nampak Ltd
• SIG Combibloc Group AG
• Uflex Ltd
• Constantia Flexibles Group GmbH
• Berry Global Group, Inc
• Tetra Pak International S.A.
• DS Smith Plc
• The Mondi Group plc.
• International Paper Company.
• Winpak Ltd.
• Clondalkin Group Holdings B.V.
• Glenroy, Inc
• Polyoak Packaging (Pty) Ltd
• Paharpur 3P
• other

How Does The Stand-Up Pouches Becoming An Alternative To Aluminium Cans And Trays?

The growing preference for stand-up retort pouches among consumers can be attributed to their eco-friendly and lightweight features, prompting manufacturers in the food and beverages industry to increasingly adopt these pouches. These pouches are typically multi-layered, with barrier layers such as polyamide or ethyl vinyl alcohol.

While small pillow pouches were once the conventional standard for manufacturers, there is now a noticeable shift towards more efficient retort processes and visually appealing pouch designs. Stand-up retort pouches, in comparison to aluminum trays and cans, utilize less than 5% of packaging material and undergo sterilization at lower temperatures.

Nylon Films for Liquid Packaging Market by Category

By Material :

• Nylon 6
• Nylon 6,6
• Nylon 6,12

By Product Type :

• Pouches
• Mono Layer Pouches
• Multi-Layer Pouches
• Bags
• Bag-in-Box
• Bag-in-Tubes
• Others (Bottles, etc.)

By Application :

• Hot Fill Packaging
• ESL (Extended Shelf Life)
• Aseptic Packaging

By End Use Industry :

• Food
• Beverages
• Personal Care & Cosmetics
• Home care
• Industrial
• Others

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The gusseted bags market is estimated to exceed US$ 23.2 Billion by 2022. Future Market Insights (FMI) states that the sales of gusseted bags are expected to rise at 2.8% CAGR during the forecast period 2022-2026. Increasing application of gusseted bags across the food and beverage industry is propelling the demand in the market.

Gusseted bags are characterized by their expandable sides, which allow for greater capacity and flexibility in packaging a wide range of products. These bags are commonly used in a variety of industries, including food and beverage, pharmaceuticals, and consumer goods.

One of the key factors driving the growth of the gusseted bags market is the increasing demand for convenient and efficient packaging solutions. Gusseted bags offer a number of benefits over traditional flat-bottomed bags, such as improved stand-up capability, greater capacity, and better product visibility. This makes them an attractive option for a wide range of products, from snacks and candies to pet food and coffee beans.

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Another important factor driving the growth of the gusseted bags market is the increasing focus on sustainability. Gusseted bags are made from a variety of materials, including paper, plastic, and biodegradable materials, which can be recycled or composted after use. This makes them a more environmentally-friendly option than traditional packaging solutions, and an increasingly popular choice among consumers.

The gusseted bags market is segmented by product type, application, and geography. By product type, the market is segmented into paper, plastic, and biodegradable gusseted bags. By application, the market is segmented into food and beverage, pharmaceuticals, and consumer goods. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Regional Analysis-

North America is expected to dominate the global gusseted bags market, due to the presence of major players in the region and the high demand for convenient and sustainable packaging solutions. Europe is also expected to be a key market for gusseted bags, due to the increasing focus on sustainability and the growing demand for convenient packaging solutions in the region.

Asia-Pacific is expected to be a rapidly growing market for gusseted bags, due to the increasing demand for convenient packaging solutions and the growing focus on sustainability in the region. The Rest of the World is also expected to be a significant market for gusseted bags, due to the increasing demand for convenient and sustainable packaging solutions in the region.

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The gusseted bags market is highly competitive, with a large number of players operating in the market. Some of the major players in the market include

• Altapac, Poly Pak Plastics
• ELKAY Plastics
• Associated Bags
• Maco PKG
• Clear View Bag Company
• International Plastic
• Pacific Bag Inc.
• PBFY Flexible Packaging
• TekPak Solutions,
• American Plastics Company
• Others

The gusseted bags market is expected to continue growing in the coming years, driven by the increasing demand for convenient and sustainable packaging solutions. As more and more consumers become aware of the environmental impact of packaging, the demand for gusseted bags is expected to continue growing. In addition, the growing focus on sustainability is expected to drive the development of new, innovative gusseted bags made from biodegradable materials, further boosting the growth of the market.

In conclusion, the gusseted bags market is expected to continue growing in the coming years, driven by the increasing demand for convenient and sustainable packaging solutions. With a wide range of applications and growing focus on sustainability, gusseted bags are an attractive option for a wide range of products. As a result, the market for gusseted bags is expected to continue growing in the coming years.

Gusseted Bags Market by Category

By Bag Type:

• Side Gusseted
• Bottom Gusseted

By Material Type:

• Paper
• Polypropylene
• Polyethylene
• Nylon
• Biodegradable Plastics
• Metal Foil

By Thickness:

•   < 2 Mil
•   2 – 5 Mil
•   > 5 Mil

By Application:

• Coffee & Tea Packaging
• Bakery Product Packaging
• Other Unprocessed F&B Packaging
• Dry Processed F&B Packaging
• Wet Processed F&B Packaging
• Pet Food Packaging
• Consumer Good Packaging
• Other Industrial Applications

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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As per a recently published report by Future Market Insights (FMI), sales of PET stretch blow molding machines market are anticipated to reach US$ 760.0 Million in 2023 and exhibit a considerable CAGR of 2.9% from 2023 to 2033. The market is likely to be valued at US$ 978.4 Million by the end of 2033.

The beauty and cosmetics industry has substantially grown in the last two to three years. Use and application of skincare and haircare products are increasing, and customer base of these products is rising day by day.

Sales of beauty and skin care products have multiplied in recent times. Growth of the e-commerce segment has also supported beauty care product sales by delivering directly to the consumer.

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Involvement of social media these days is also helping the skincare and haircare market to grow by directly relating to consumers. Social media has successfully increased awareness about various skincare and haircare products, which is set to spur the application of these products.

Also, there are many new brands entering the market of beauty and personal care and they are flourishing. The most favored packaging for skincare and haircare products is plastic bottles as they can be molded into any required shape.

Apart from that, these are the most economical and eco-friendly packaging solutions that can be customized as per the requirements. Thus, increased application and sales of skincare and haircare products are boosting sales of the PET stretch blow molding machines across the globe.

Key Takeaways from PET Stretch Blow Molding Machines:

• The global PET stretch blow molding machines market exhibited at a CAGR of 4% and reached US$ 675.3 Mn recorded in 2017.
• Germany PET stretch blow molding machines market is projected to be valued at US$ 48.0 Mn by the end of 2023.
• Based on end use industry, the personal care & cosmetics segment is anticipated to create an incremental growth opportunity of US$ 72.4 Mn during the evaluation period.
• By technology type, single step PET stretch blow molding machines are projected to secure 62% of the global market share by 2033.
• India PET stretch blow molding machines market is likely to capture a share of nearly 45% by the end of 2025.

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 “Increased manufacturing output, automation in the industrial sector, and elevated demand for PET bottle packaging are major factors positively affecting the PET stretch blow molding machines market,” says an FMI analyst.

Growing Demand for Medicines among Both Millennials and Elderly to Generate High Sales of PET Stretch Blow Molding Machines

One of the major applications of PET bottles is in the pharmaceutical industry for packaging medicines. Low-cost PET bottles are widely used by pharma companies for packaging various tablets, as well as syrups.

Pharmaceutical companies are adopting PET bottle packaging for different pharma products as it is a cost-effective solution and lightweight in nature. The pharmaceutical sector is growing rapidly at a fast pace. Importance of the pharmaceutical market has increased and huge opportunities are nowadays available in the pharma sector.

Demand for medicines is set to surge and thus the scope of PET stretch blow molding machines is huge in the sector. Pharmaceutical manufacturing companies are creating the biggest market for PET stretch molding machines.

The pandemic has shifted the concentration of people on their health, which has created more demand for medicines. Also, growing health issues among millennials have generated a hefty demand for PET stretch blow molding machines.

Regular health concerns of elderly people have been booming the demand for medical facilities. Thus, increasing demand for medicines is projected to surge the demand for PET stretch blow molding machines.

Competition Landscape: PET Stretch Blow Molding Machines Market

Krones AG, KHS GmbH, Sidel, Sacmi Imola S.C., Nissei ASB Machine Co., Ltd., KHS GmbH, and SIPA S.p.A. are some of the key players operating in the global PET stretch blow molding machines market. Also, a few other noticeable players in the market include PET All Manufacturing Inc., SMF Maschinenfabrik Germany, Zhejiang Huangyan Lingma Plastic Machinery Co., Ltd, Chumpower Machinery Corp., and Aoki Technical Laboratory, Inc. among others.

Get Exclusive Insights into the PET Stretch Blow Molding Machines Market Report

Future Market Insights, in its new report, offers an unbiased and thorough analysis of the global PET stretch blow moulding machines market, analysing historical demand from 2017-2022 and forecast statistics for 2023-2033. The study reveals market growth projections for the PET stretch blow moulding machines market based on the technology type (single step and two step), orientation type (linear and rotary), and end use industry (food, beverages, pharmaceutical, personal care & cosmetic, and others) across seven regions.

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

PET Stretch Blow Molding Machines Market Outlook by Category

By Technology Type:

• Single Step
• Two Step

By Orientation Type:

• Linear
• Rotary

By End Use Industry:

• Food
• Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Others

By Region:

• North America
• Latin America
• Europe
• Middle East and Africa
• Asia Pacific excluding Japan and China (APEJC)
• Japan
• China

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube