Global Clinical Trial Packaging Market Size, Share, Growth Analysis, By Clinical trial type(Therapeutic & Prevention and Diagnostics), By Packaging Type(Syringes, Vials & Ampoules), By Material(Plastic, Glass), By End User(Research Laboratories, Clinical Research Organizations) - Industry Forecast 2024-2031

Q: What is the global market size of Clinical Trial Packaging Market?

Global Clinical Trial Packaging Market size was valued at USD 1079.09 million in 2021 and is poised to grow from USD 1169.76 million in 2022 to USD 2199.06 million by 2030, growing at a CAGR of 8.21% in the forecast period (2023-2030).

Report ID: SQMIG35B2071 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 121 | Figures: 77

Global Clinical Trial Packaging Market Dynamics

Clinical Trial Packaging Market Driver

Due to recent changes made to the methods utilised in pharmaceutical industry's research and development as well as the growing need for cutting-edge products and cures, it is projected that the global market will grow. The emergence of issues related to the use of plastic is also driving the demand for glass bottles. It is anticipated that the growth of the global clinical trial packaging market would be significantly impacted during the anticipated period by rising prevalence of infectious disorders

Epilepsy, cancer, diabetes, and other chronic microbial illnesses have become more common in recent years all across the world. Rising investments in medication manufacture and clinical studies are the outcome of this. The global market is anticipated to grow quickly due to the increasing number of clinical studies. The regional governments' support of medication research and development was crucial to the expansion of the worldwide market.

Clinical Trial Packaging Market Restraint

One of the main factors limiting the growth of the global clinical trials packaging market is the governments' strict rules and laws. In an effort to fight pollution and cut carbon emissions, governments are attempting to decrease the usage of plastic. The development of environmentally friendly polymers, however, may enable the clinical trials packaging market to maintain its expansion over the course of the projection period.

Global Clinical Trial Packaging Market Report Snapshots

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Clinical Trial Packaging Market size was valued at USD 1079.09 million in 2019 and is poised to grow from USD 1169.76 million in 2023 to USD 2199.06 million by 2031, growing at a CAGR of 8.21% in the forecast period (2024-2031).

Global Clinical Trial Packaging Market is highly competitive and fragmented due to few major players. To increase their market share, the major companies in the international market are implementing a variety of business tactics, including mergers and acquisitions, expansions, and investments. Major players include Almac Group, Piramal Pharma Solutions, Clinical Supplies Management Holdings, Inc., Fisher Clinical Services, Inc. and others. These prominent players are focusing on R&D and new product development to stabilize their market share. 'Corden Pharma', ' Westrock Company ', ' Bilcare Limited ', ' Sharp Packaging Services ', ' Fisher Clinical Services ', ' PCI Pharma Services ', ' Almac Group ', ' Schreiner MediPharm ', ' Gerresheimer AG ', ' Mawdsleys Berlinger ', ' Stora Enso Oyj ', ' Thermo Fisher Scientific Inc. ', ' Wuxi Griffin Pharmaceutical Co., Ltd. ', ' WuXi AppTec ', ' Reed-Lane, Inc. ', ' Aphena Pharma Solutions ', ' Catalent, Inc. ', ' Berry Global, Inc. ', ' Nupharm Group ', ' Carton Service, Inc. '

Due to recent changes made to the methods utilised in pharmaceutical industry's research and development as well as the growing need for cutting-edge products and cures, it is projected that the global market will grow. The emergence of issues related to the use of plastic is also driving the demand for glass bottles. It is anticipated that the growth of the global clinical trial packaging market would be significantly impacted during the anticipated period by rising prevalence of infectious disorders

Aseptic blow-fill-seal (BFS) technology is a method for forming plastic containers, filling them with sterile, filtered product, and sealing them in a continuous sequence of steps inside a sterile, controlled environment on a single machine. The blow-fill-seal method is a reliable, cutting-edge aseptic processing technique that has gained the respect of regulatory bodies throughout the world for the inherent advantages it offers over traditional aseptic manufacturing. The versatility in packaging design, cheap operating costs, and high level of sterility assurance that come with blow-fill-seal systems is unmatched. The devices demand a minimal amount of operational workers and a small amount of space. Due to the growing emphasis on biologics, proteins, and other complicated solutions in recent years, blow-fill-seal technology has attracted a lot of market attention. These crucial goods frequently cannot endure prolonged contact to high temperatures without the active ingredients degrading.

North America dominated the Global Clinical Trial Packaging Market share and accounted for approximately 50% global revenue share in 2021. It is expected to continue its dominance during the forecast period. The pharmaceutical industry's success in North America is largely attributable to the region's abundance of clinical trials organisations and research labs. The pharmaceutical sector in North America is expected to develop at a rapid rate throughout the projected period due to a rise in R&D efforts. During the forecast period, the presence of stringent FDA rules for the packaging of goods and medications used in clinical trials is anticipated to drive regional clinical trials packaging market growth.

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Global Clinical Trial Packaging Market Dynamics

Global Clinical Trial Packaging Market Report Snapshots

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