“Pharmaceutical Contract Packaging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pharmaceutical contract packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for pharmaceutical contract packaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pharmaceutical contract packaging market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product: Primary Packaging; Secondary Packaging; Tertiary Packaging
- 2) By Material: Paper and Paperboard; Plastics and Polymers; Aluminum Foil; Glass; Other Materials
- 3) By Industry: Small Molecule; Biopharmaceutical; Vaccine
- Companies Mentioned: Nipro Corporation; Daito Pharmaceutical Co Ltd.; Pfizer CentreOne; Catalent Inc.; WestRock Company
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the pharmaceutical contract packaging market are: Nipro Corporation, Daito Pharmaceutical Co Ltd., Pfizer CentreOne, Catalent Inc., WestRock Company, BALL CORPORATION, Berlin Packaging, CCL Industries Inc., Co-Pak Packaging Corporation, Signode India Limited, Ropack Pharma Solutions, Reelvision Print Limited, PCI Pharma Services, Multi-Pack Solutions LLC, Unicep, Reed-Lane, Aphena Pharma Solutions, and Southwest Packaging.
The global pharmaceutical contract packaging market is expected to grow from $26.98 billion in 2022 to $29.39 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical contract packaging market is expected to grow to $40.09 billion in 2027 at a CAGR of 8.1%.
The pharmaceutical contract packaging includes revenues earned by entities in different categories such as drug labeling and packaging. The services provided by a contract pharmaceutical packager include designing medicine packaging and testing the packed drug. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Pharmaceutical contract packaging is the cost-effective way to present, protect, identify, provide information, make it convenient, ensure compliance, maintain the integrity of the product, and keep it stable. Packaging is very useful for identifying products and protecting those products from contamination.
North America was the largest region in the pharmaceutical contract packaging market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical contract packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of pharmaceutical contract packaging are primary packaging, secondary packaging, and tertiary packaging. Primary packaging is the packaging in direct contact with the product itself and is sometimes referred to as consumer or retail packaging. The materials are paper and paperboard, plastics and polymers, aluminum foil, glass, other materials and used in small molecules, biopharmaceuticals, and vaccines.
Growth in the number of elderly populations is expected to propel the growth of the pharmaceutical contract packaging market going forward. The elderly population refers to people aged 65 and over. The aging population is driving manufacturers to develop packaging that is easier to open while remaining child-resistant, but this can increase costs and affect sustainability. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, according to October 2021 published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. As a result, the aging population is fuelling the expansion of the pharmaceutical contract packaging industry.
Technological innovation is a key trend gaining popularity in the pharmaceutical contract packaging market. Major players in the pharmaceutical contract packaging industry are concentrating on creating new technological advancements to improve their market share. For instance, in April 2020, Schott, a Germany-based company operating in pharmaceutical contract packaging, launched Smart containers - a new digitized smart container, which has a laser mark and a distinctive identification, creating unheard-of traceability throughout the manufacturing process. It optimizes the lyophilization process, lowers the possibility of a mix-up, and facilitates targeted container-based recalls. The concept allows pharma manufacturers to unlock the power of machine vision and big data analytics on pharmaceutical filling lines.
In December 2021, PCI Pharma Services, a US-based company providing pharmaceutical packaging services, acquired Lyophilization Services of New England Inc. (LSNE) for an undisclosed amount. This acquisition would enable PCI Pharma's services to extend its proficiency in pharmaceutical packaging, clinical trial supplies, and specialty production. Lyophilization Services of New England Inc (LSNE) is an England-based company operating in pharmaceutical contract packaging.
The countries covered in the pharmaceutical contract packaging market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The pharmaceutical contract packaging market research report is one of a series of new reports from The Business Research Company that provides pharmaceutical contract packaging market statistics, including pharmaceutical contract packaging industry global market size, regional shares, competitors with a pharmaceutical contract packaging market share, detailed pharmaceutical contract packaging market segments, market trends and opportunities, and any further data you may need to thrive in the pharmaceutical contract packaging industry. This pharmaceutical contract packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Pharmaceutical Contract Packaging Market Characteristics
3. Pharmaceutical Contract Packaging Market Trends And Strategies
4. Pharmaceutical Contract Packaging Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Pharmaceutical Contract Packaging Market
- 4.2. Ukraine-Russia War Impact On Pharmaceutical Contract Packaging Market
- 4.3. Impact Of High Inflation On Pharmaceutical Contract Packaging Market
5. Pharmaceutical Contract Packaging Market Size And Growth
- 5.1. Global Pharmaceutical Contract Packaging Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Pharmaceutical Contract Packaging Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Pharmaceutical Contract Packaging Market Segmentation
- 6.1. Global Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
- 6.2. Global Pharmaceutical Contract Packaging Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Paper and Paperboard
- Plastics and Polymers
- Aluminum Foil
- Glass
- Other Materials
- 6.3. Global Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small Molecule
- Biopharmaceutical
- Vaccine
7. Pharmaceutical Contract Packaging Market Regional And Country Analysis
- 7.1. Global Pharmaceutical Contract Packaging Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Pharmaceutical Contract Packaging Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Pharmaceutical Contract Packaging Market
- 8.1. Asia-Pacific Pharmaceutical Contract Packaging Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Pharmaceutical Contract Packaging Market
- 9.1. China Pharmaceutical Contract Packaging Market Overview
- 9.2. China Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Pharmaceutical Contract Packaging Market
- 10.1. India Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Pharmaceutical Contract Packaging Market
- 11.1. Japan Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Pharmaceutical Contract Packaging Market
- 12.1. Australia Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Pharmaceutical Contract Packaging Market
- 13.1. Indonesia Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Pharmaceutical Contract Packaging Market
- 14.1. South Korea Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Pharmaceutical Contract Packaging Market
- 15.1. Western Europe Pharmaceutical Contract Packaging Market Overview
- 15.2. Western Europe Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Pharmaceutical Contract Packaging Market
- 16.1. UK Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Pharmaceutical Contract Packaging Market
- 17.1. Germany Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Pharmaceutical Contract Packaging Market
- 18.1. France Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Pharmaceutical Contract Packaging Market
- 19.1. Eastern Europe Pharmaceutical Contract Packaging Market Overview
- 19.2. Eastern Europe Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Pharmaceutical Contract Packaging Market
- 20.1. Russia Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Pharmaceutical Contract Packaging Market
- 21.1. North America Pharmaceutical Contract Packaging Market Overview
- 21.2. North America Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Pharmaceutical Contract Packaging Market
- 22.1. USA Pharmaceutical Contract Packaging Market Overview
- 22.2. USA Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Pharmaceutical Contract Packaging Market
- 23.1. South America Pharmaceutical Contract Packaging Market Overview
- 23.2. South America Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Pharmaceutical Contract Packaging Market
- 24.1. Brazil Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Pharmaceutical Contract Packaging Market
- 25.1. Middle East Pharmaceutical Contract Packaging Market Overview
- 25.2. Middle East Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Pharmaceutical Contract Packaging Market
- 26.1. Africa Pharmaceutical Contract Packaging Market Overview
- 26.2. Africa Pharmaceutical Contract Packaging Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Pharmaceutical Contract Packaging Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Pharmaceutical Contract Packaging Market Competitive Landscape And Company Profiles
- 27.1. Pharmaceutical Contract Packaging Market Competitive Landscape
- 27.2. Pharmaceutical Contract Packaging Market Company Profiles
- 27.2.1. Nipro Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Daito Pharmaceutical Co Ltd.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Pfizer CentreOne
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Catalent Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. WestRock Company
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Pharmaceutical Contract Packaging Market
29. Pharmaceutical Contract Packaging Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer