Biodegradable Pharmaceutical Packaging Market Growth Analysis, Future Trends, Size Estimation, Insights and Share Analysis By 2027

Global Biodegradable Pharmaceutical Packaging Market

Pharmaceutical packaging materials are used for packing pharmaceutical products. These materials must provide physical and biological protection during storage, transportation, and distribution of pharmaceuticals.

Biodegradable packaging materials are eco-friendly materials, usually made of paper, plastic, cardboard (recycled), corn starch gelatin, pectin, wheat bran, and others. Selection of the packaging materials depends upon the type of pharmaceutical products, which require protection against various environmental, mechanical, and biological factors. Pharmaceutical packaging is categorized into three types, namely, primary packaging, secondary packaging, and tertiary packaging. Primary packaging has direct contact with the product as it is the first layer of packaging.  Secondary and tertiary packaging provide external protection to the product, ensuring their safe distribution and supply (logistics).

Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/3049

Global Biodegradable Pharmaceutical Packaging Market – Drivers & Restraints

Packaging plays a crucial role in the pharmaceuticals industry Consumption of medicines has consistently been increasing, with the rising incidence of chronic diseases, and this leads to the accumulation of non-biodegradable packaging waste. In order to reduce such waste, it is essential to use biodegradable packaging materials, which are highly environment-friendly. Thus, ascending demand of biodegradable packaging materials across the globe is expected to drive the global biodegradable pharmaceutical packaging market growth.

Manufacturers are focused on technological advancements, as well as the development of innovative biodegradable packaging materials, which is predicted to bolster the global market expansion. For instance, in February 2016, Gerresheimer AG showcased its ecofriendly packaging products, including containers with green packaging (plastic containers made of sugarcane), and Duma Combi (tablet packaging container with a separate compartment for the patient information leaflet), at Pharmapack 2016 held in Paris, France. Moreover, in September 2019, DS Smith PLC received an award for the best ‘Pharmaceutical Packaging Solutions’, by the Global Health and Pharma Magazine.

Tailored Information as per niche requirement:
LIMITED TIME OFFER – Hurry Up!

Get Discount For Buyers UPTO 30% OFF On Any Research Report
Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now This Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/3049

Stringent regulatory rules and standards have augmented the adoption of biodegradable and eco-friendly packaging materials in the pharmaceuticals industry, which is expected to propel the global biodegradable pharmaceutical packaging market growth in the near future. For instance, regulatory authorities, such as the Food and Drug Administration (FDA), European Medicines Agency (EMA), and Medicines and Healthcare Products Regulatory Authority (MRHA), ensure that the quality of pharmaceutical packaging materials comply with the regulatory standards.

Technological advancements, such as 3D printing, are expected to boost the demand for biodegradable packaging materials in the industrial sector. 3D printing technology is used for manufacturing packaging materials that can easily be recycled and reused, for example, metals, plastic materials, and rubber. For instance, ‘MultiJet 3D Printer’ is employed in the manufacture of packaging containers and materials, which are used in pharmaceuticals and cosmetology packaging.

However, the major factors restraining the global biodegradable pharmaceutical packaging market growth include high costs of biodegradable packaging materials. These materials are made up of organic raw materials that need to be processed to convert into finished packaging materials. In addition, these products are much heavier than non-biodegradable materials.

Global Biodegradable Pharmaceutical Packaging Market – Regional Analysis

Among regions, Europe is projected to lead the global biodegradable pharmaceutical packaging market growth over the forecast period. According to the European Commission, each year around 59% of packaging waste is generated from food products, pharmaceutical products, household goods, and other products, of which about 39.9% comprises food packaging and pharmaceutical packaging waste. Increasing demand for biodegradable packaging materials, as a replacement for the non-biodegradable ones, in order to curb waste, is projected to drive market growth in Europe.

Global Biodegradable Pharmaceutical Packaging Market – Key Players

Some of the major players operating in the global biodegradable pharmaceutical packaging market include Gerresheimer AG, Berry Plastics Corporation, DS Smith PLC, Rengo Co., Ltd., Bemis Company, Inc., Smurfit Kappa, and Amcor PLC.

To understand Research Methodology, please click https://www.coherentmarketinsights.com/ongoing-insight/biodegradable-pharmaceutical-packaging-market-3049

These market players are focused on developing biodegradable packaging materials for industries, such as pharmaceuticals, etc. For instance in June 2011, Berry Plastics Corporation, in tandem with the Agricultural Research Service (ARS), has carried out in-house research to create sustainable packaging solutions, using PLA and Sugar Beet Pulp.

Market Taxonomy

By Product Type,

• Small Molecule
• Large Molecule (Biologics)

By Material Type,

• Plastic
• Paper
• Starch
• Chitosan
• Cellulose
• Others

By Region,

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

This content has been distributed via CDN Newswire press release distribution service. For press release enquires please mail us at contact@cdnnewswire.com.