Bottle Packaging Formats Account for Over 30% of the Pharmaceutical Packaging Market: FMI Report

About the Report

Pharmaceutical packaging is a key sector within the global packaging industry which is primarily used to protect, preserve, and store various pharmaceutical products including drugs, medications, and others. Pharmaceutical packaging formats are made from a wide range of materials including plastic, glass, metal, and paper.

Pharmaceutical packaging not only aids in protecting products, but also works as a tool of information dissemination and advertisement. It includes various product such as bottles, vials, ampoules, blister, bags & pouches, refillable syringes, containers, jars, and others.

For more insights into the market, request a sample of this report@       https://www.futuremarketinsights.com/reports/sample/rep-gb-6150

Key Takeaways from Pharmaceutical Packaging Market Study

• By product type, bottles are estimated to lead the market with over 30% of the value share, by the end of 2031 supported by leak-proof packaging solutions
• Plastic is projected to be the most lucrative material in the industry creating an incremental opportunity of US$ 58.41 Bn by 2031
• The U.S. holds dominance in the North America market with the presence of some of the leading pharmaceutical manufacturers
• China will showcase a solid growth driven by the expansion of local pharmaceutical sector
• Germany is projected to be dominant in Europe and is expected to continue leading as a pharma packaging manufacturing hub

“Regulations implemented to ascertain safety of drugs & medications will create lucrative opportunities. Pharmaceutical packaging is sought-after due to its temperature & moisture resistance, durability, and ease of use. With the expansion of the pharmaceutical sector, manufacturers are likely to focus on the launch of novel technologies,” says an FMI analyst. 

Rise in Per Capita Healthcare Expenditure Augments Sales for Pharmaceutical Packaging

Considering the current scenario and rising awareness about the healthcare sector, investments in the drug and biopharmaceutical sectors are rising. Healthcare investments have had a positive and direct correlation with the pharmaceutical industry.

A major part of investments is attracted from the pharmaceutical industries for the growth of the country’s economy. The per capita expenditure on healthcare is increasing steadily due to the concerned behaviour of customers about shelf life.

As per a World Bank report, in 2018, Japan spent around 10.95% of its GDP on healthcare whereas Germany spent 11.43% of its GDP for the same. As a result, the market for pharmaceutical packaging has benefited as investments in the healthcare sector will favour growth of the pharmaceutical packaging industry.

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-6150

Some of the leading companies operating in the market are:

• Amcor Plc
• Ardagh Group S.A.
• Becton, Dickinson and Company
• UDG Healthcare plc
• Berry Global, Inc.
• Bilcare Limited
• Catalent, Inc.
• Clondalkin Group Holdings B.V.
• Constantia Flexibles Group GmbH
• Gerresheimer AG
• Klockner Pentaplast Group
• Mondi Group
• Nipro Corporation
• Schott AG

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report