Pharmaceutical Packaging Market Size| COVID-19 Impact Analysis

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Segmentation:

Based on material, the Pharmaceutical Packaging Market Size has been segmented into paper & paperboard, plastic, glass, and others. Among these, the plastic segment is expected to lead the expansion of the market in the coming years. Factors such as aesthetic appeal, convenience, etc. are poised to drive the growth of the segment over the next couple of years.

By type, the Pharmaceutical Packaging Market Size has been segmented into bottles, tubes, caps and closures, aerosol packs, blister packs, parenteral vials & ampoules, sachets, prefilled syringes, and others. The bottles segment is projected to benefit from the increasing demand for medicines over the counters. This, in turn, is presumed to support the standing of the segment at the pole position in the market place in the years to come.

On the basis of packaging, the Pharmaceutical Packaging Market has been segmented into flexible packaging, rigid packaging, and semi-rigid packaging. Among these, the rigid packaging segment is anticipated to have the most prominent share of the market in the upcoming years. The demand is driven by the protection provided by the product against physical damage, biological contamination, etc.

By application, the pharmaceutical packaging drug market has been segmented into nutraceuticals, generic drugs, medical tools & equipment, branded drugs, test kits, and others. The generic drugs segment is likely to hold the largest share of the market in the nearby future. The support extended by the governments in certain regions to manufacture generic drugs is likely to expedite the expansion of the segment in the nearby future.

Competitive Dashboard:

Amcor Limited (Australia), Owens-Illinois Inc. (US), SCHOTT AG (Germany), Sonoco Products Company (US), WestRock Company (US), West Pharmaceutical Services, Inc. (US), Berry Global Inc. (US), AVERY DENNISON CORPORATION (US), CCL Industries, Inc. (Canada), International Paper (US), Gerresheimer AG (Germany), and Comar, LLC (US) are some of the prime players of the global Pharmaceutical Packaging Market Size.

Industry News:

In October 2019, Romaco and Huhtamaki, a leader in the packaging industry, showed its first recyclable strip packaging which will be used in the packaging of pharmaceutical solids.