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Pharmaceutical Packaging Market size was valued at USD 128.80 billion in 2022 and is poised to grow from USD 141.55 billion in 2023 to USD 301.23 billion by 2031, at a CAGR of 9.9% during the forecast period (2024-2031).

To draw in more customers, players are concentrating on providing value-added services. The most popular techniques used by packaging makers to colour packing containers include spray painting, UV coating, and metallization. Additionally, packaging manufacturers frequently undertake labelling and the incorporation of various anti-counterfeit packaging measures, including overt and covert technologies, like barcodes, holograms, sealing tapes, and radio frequency identification devices. 'Amcor plc (Switzerland)', 'Berry Inc. (United States)', 'Gerresheimer AG (Germany)', 'AptarGroup Inc. (United States)', 'Schott AG (Germany)', 'West Pharmaceutical Services, Inc. (United States)', 'Berry Group, Inc. (United States)', 'Catalent, Inc. (United States)', 'Owens-Illinois Inc. (United States)', 'WestRock Company (United States)', 'Sonoco Products Company (United States)', 'Stevanato Group S.p.A. (Italy)', 'Nipro Corporation (Japan)', 'Comar, LLC (United States)', 'SGD Pharma (France)', 'Aptargroup, Inc. (United States)', 'RPC Group Plc (United Kingdom)', 'Drug Plastics & Glass Co., Inc. (United States)', 'Capsugel (United States)', 'TricorBraun Holdings, Inc. (United States)', 'Bilcare Limited (India)', 'Tekni-Plex, Inc. (United States)'

The prevalence of counterfeit drugs is a major concern in the pharmaceutical industry, and packaging plays a crucial role in preventing the distribution of counterfeit products. However, counterfeiters are becoming increasingly sophisticated, which creates a need for more advanced packaging technologies.

A prominent trend in the pharmaceutical packaging market is the rising adoption of sustainable and eco-friendly packaging solutions. As environmental awareness and regulations on plastic usage intensify, pharmaceutical companies increasingly embrace packaging materials and practices that reduce their carbon footprint. This includes using recyclable materials, biodegradable plastics, and minimalist packaging designs. Moreover, many pharmaceutical packaging companies are implementing more efficient and eco-conscious production processes to decrease energy consumption and waste generation. This trend aligns with the broader focus on sustainability and enhances brand reputation by demonstrating a commitment to environmental responsibility, making it a significant driver in the pharmaceutical packaging industry.

With a revenue share of 35.9% in 2022, North America dominated the market. The region's largest end-use sector was pharmaceutical manufacturing, which includes in-house production. Over the course of the forecast period, the presence of numerous producers of pharmaceutical plastic bottles in the nation, including AptarGroup, Gerresheimer AG, Amcor, and Berry Plastics Group, is probably going to have a positive effect on demand.

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Global Pharmaceutical Packaging Market

Product ID: SQMIG15H2014