Pharmaceutical Contract Packaging Market (By Product: Primary, Secondary, Tertiary; By Material: Paper & Paperboard, Plastics & Polymers, Aluminum Foil and Others) - Global Industry Analysis, Market Size, Share, Growth, Trends, Regional Outlook and Segment Forecasts 2022 - 2030

The global pharmaceutical contract packaging market size was estimated at USD 31.57 billion in 2021 and is projected to surpass around USD 57.07 billion by 2030 with a register compound annual growth rate (CAGR) of around 6.8% during forecast period 2021 to 2030.

Growth Factors:

The growing pharmaceutical industry with high competition within the market is the major factor driving the market. Pharmaceutical companies are outsourcing the packaging activities to third parties, mainly in emerging nations such as China, India, and Brazil. Further, rising pricing pressure on pharmaceutical companies is boosting the demand for contract packaging services in the industry. The stringent regulatory scenario in developed countries and changing regulations in emerging countries are driving the market.

Moreover, the large Contract Packaging Organizations (CPOs) and Contract Development and Manufacturing Organizations (CDMOs) are continually acquiring small contract service providers to fill any gaps in the value chain or expand their existing portfolios. As smaller service provider have customer bases which comprise of small and mid-sized pharmaceutical companies, it allows larger CPOs and CDMOs to better compete with small service providers. Thus, maintaining the threat of new entrants at a moderate level for larger CPOs and CDMOs.

In addition, lack of in-house wrapping capabilities, expertise, and budget constraints are the major issues faced by small pharmaceutical companies in the industry. Contract packaging service providers are recognized as an effective approach to curb such issues of the small companies owing to the low-cost service offering. Lack of resources and budgets has prompted many small pharmaceutical companies to established mutually beneficial relationships with CPOs and CDMOs. Contract service providers are making significant attempts to meet their client’s expectations and provide highly sophisticated wrapping facilities.

The stringent regulations in developed regions such as North America and Europe are expected to drive the market over the forecast period. For instance, compulsory barcodes system for the pharmaceutical wrapping and the transfer of large volumes of data related to the supply of medicines under serialization legislation.

 Report Scope of the Pharmaceutical Contract Packaging Market

Report Coverage

Details

Market Size

US$  57.07 Billion by 2030

Growth Rate

CAGR of 6.8 % from 2022 to 2030

Largest Market

Asia Pacific

Fastest Growing Market

North America

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Product Type, Material Type, Region Type,

Companies Mentioned

 AmerisourceBergen Corp., SCHOTT AG, WestRock Co., Becton, Dickinson and Co., Constantia Flexibles Group GmbH, Bilcare Ltd., CCL Industries Inc., Berlin Packaging, FedEx Corp..

Product Insights

Among different type of packaging, in 2019, primary packaging segment reported for the major revenue share of more than 40% and predicted to perceive substantial growth during years to come. The primary packaging further classified into vials, bottles, blister packs, ampoules and others. This type of packaging estimated to govern the global pharmaceutical contract packaging market during coming years owed to the cumulative outsourcing of primary packaging activities because of the deficiency of in-house competences and capacities.

Material Insights

Pharmaceutical contract packaging involves different types of packaging material such as paper & paperboard, plastics &polymers, aluminum foil and other. Out of these segments, glass segment held the considerable revenue share of more than 35% in 2019. This growth is attributed to mid sized and small pharmaceutical companies who do not possess glass wrapping abilities. Further, low-priced service offered by the Development and Manufacturing Organizations (CDMOs)and Contract Packaging Organizations (CPOs) for pharmaceutical glass wrapping are likely to spur the market. Plastics and polymers segment is predicted to eyewitness momentous growth rate over the prediction period due to the rising demand for the plastic packaging sector in pharmaceuticals for the delivery and storage of medicines.

The requirement for plastic bottles is escalating from the pharmaceutical sector. This is on account of advantage of plastic bottles for avoiding the requirement for tertiary packaging and safeguards the safety of pharmaceutical product through the supply chain. Ophthalmic, syrups, and nasal medicines are frequently packed in plastic bottles.

Regional Insights

North America accounted for the largest revenue share of 32.7% in 2019 owing to the quality service offerings by the CPOs and CDMOs based in the U.S. In addition, most of the pharmaceutical companies outsource their wrapping activities to contract packagers North America to simplify entry into the U.S. markets. However, Asia Pacific is expected to witness the fastest growth over the forecast period due to the presence of a large number of contract packaging service providers in the region. These players are focusing on expanding their facilities to satisfy the growing needs of pharmaceuticals companies. In addition, increasing the outsourcing of pharmaceutical manufacturing to emerging countries such as India is further driving the growth of the market in the region.

 Some of the prominent players in the Pharmaceutical Contract Packaging Market include:

  • AmerisourceBergen Corp.
  • SCHOTT AG
  • WestRock Co.
  • Becton, Dickinson and Co.
  • Constantia Flexibles Group GmbH
  • Bilcare Ltd.
  • CCL Industries Inc.
  • Berlin Packaging
  • FedEx Corp.
  • Others

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Product

  • Primary Packaging
    • Ampoules
    • Bottles
    • Blister Packs
    • Others
  • Secondary Packaging
  • Tertiary Packaging

By Material

  • Paper & Paperboard
  • Plastics & Polymers
  • Aluminum Foil
  • Glass
  • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Points Covered in Pharmaceutical Contract Packaging Market Study:

  • Growth of Pharmaceutical Contract Packaging in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Pharmaceutical Contract Packaging and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Pharmaceutical Contract Packaging Consumption Analysis
  •  Pharmaceutical Contract Packaging Production Analysis
  •  Pharmaceutical Contract Packaging and Management