REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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U$$ 245.10 Billion by 2032 | 15.09% | North America |
By Type | By Application |
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SCOPE OF THE REPORT
Sustainable Pharmaceutical Packaging Market Insights
Sustainable Pharmaceutical Packaging Market Size valued at USD 80.07 Billion in 2023 and is expected 245.10 Billion by 2032 at a 15.09% CAGR period 2023-2032.
The sustainable pharmaceutical packaging market is rapidly developing as the healthcare industry seeks eco-friendly solutions to reduce environmental impact. This market focuses on packaging materials and designs that minimize waste, improve recyclability and use renewable resources. As environmental awareness grows and regulatory pressure increases, pharmaceutical companies are adopting sustainable packaging practices to meet consumer demand and meet environmental standards.
Innovations in biodegradable materials, recyclable packaging and green plastics are behind this change, offering alternatives to traditional packaging solutions. Moving towards sustainability not only supports CSR goals, but also aligns with global efforts to combat climate change and reduce plastic pollution. As a result, the sustainable pharmaceutical packaging market is poised for significant growth, reflecting a broader trend toward environmentally conscious practices across industries.
ATTRIBUTE | DETAILS |
Market Size Value In 2023 | USD 80.07 Billion |
Revenue Forecast In 2032 | USD 245.50 Billion |
Growth Rate CAGR | CAGR of 15.09% from 2024 to 2032 |
Quantitative Units | Representation of revenue in USD Million and CAGR from 2024 to 2032 |
Historic Year | 2019 to 2023 |
Forecast Year | 2024-2032 |
Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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By Application |
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By Region |
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Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Competitive Landscape | Berry Global Inc., Gerresheimer AG, Amcor Plc, Schott AG, AptarGroup, Inc., Becton, Dickinson and Company, WestRock Company, Nipro Corporation, Catalent, Inc., Sealed Air Corporation, West Pharmaceutical Services, Inc., Alpla Werke Alwin Lehner GmbH & Co KG, Ardagh Group S.A., CCL Industries Inc., Frank Noe Egypt Ltd., Gaplast GmbH, Lonza Group Ltd., Mondi Group, Nolato AB, Origin Pharma Packaging, Comar, Bilcare Limited, SGD Pharma, Silgan Holdings Inc., Vetter Pharma International GmbH. |
Sustainable Pharmaceutical Packaging Market Dynamics
Sustainable Pharmaceutical Packaging Market Drivers
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Regulatory Pressure: Governments and international bodies are enforcing stricter regulations on packaging waste and promoting sustainability. Policies like the European Union’s Single-Use Plastics Directive and various national regulations drive the demand for sustainable packaging solutions.
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Consumer Demand: Increasing consumer awareness and preference for eco-friendly products are pushing pharmaceutical companies to adopt sustainable packaging. Consumers are more inclined to support brands with environmentally responsible practices.
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Environmental Concerns: Growing concerns over environmental pollution and the impact of plastic waste on ecosystems drive the adoption of sustainable materials and practices.
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Corporate Social Responsibility (CSR): Pharmaceutical companies are investing in sustainable packaging as part of their CSR strategies to enhance brand image and meet corporate sustainability goals.
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Technological Advancements: Innovations in packaging materials, such as biodegradable plastics and green coatings, are making sustainable options more viable and cost-effective.
Sustainable Pharmaceutical Packaging Market Opportunities
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Market Growth: The increasing focus on sustainability presents significant growth opportunities for companies offering innovative and eco-friendly packaging solutions.
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Product Differentiation: Companies can differentiate themselves in the market by adopting sustainable packaging, appealing to environmentally conscious consumers.
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Collaborations and Partnerships: Opportunities exist for collaboration between pharmaceutical companies, packaging manufacturers, and technology providers to develop and scale sustainable packaging solutions.
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Emerging Markets: As sustainability awareness grows globally, emerging markets offer new opportunities for sustainable packaging adoption.
Sustainable Pharmaceutical Packaging Market Restraints
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Higher Costs: Sustainable pharmaceutical packaging materials and technologies often come with higher costs compared to traditional packaging options. This can be a barrier for companies, especially smaller ones, to adopt these solutions.
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Limited Availability: Some sustainable materials and technologies are still in the developmental stage or are not widely available, which can limit their adoption.
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Performance Concerns: There may be concerns about the durability and shelf-life of sustainable packaging compared to conventional materials. Ensuring that sustainable packaging meets the required standards for protecting pharmaceutical products is crucial.
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Complex Supply Chains: Implementing sustainable packaging solutions may require changes in the supply chain, which can be complex and time-consuming.
Sustainable Pharmaceutical Packaging Market Competitive Insights
Key players in the sustainable pharmaceutical packaging market include:
- Berry Global Inc.
- Gerresheimer AG
- Amcor Plc
- Schott AG
- AptarGroup, Inc.
- Becton, Dickinson and Company
- WestRock Company
- Nipro Corporation
- Catalent, Inc.
- Sealed Air Corporation
- West Pharmaceutical Services, Inc.
- Alpla Werke Alwin Lehner GmbH & Co KG
- Ardagh Group S.A.
- CCL Industries Inc.
- Frank Noe Egypt Ltd.
- Gaplast GmbH
- Lonza Group Ltd.
- Mondi Group
- Nolato AB
- Origin Pharma Packaging
- Comar
- Bilcare Limited
- SGD Pharma
- Silgan Holdings Inc.
- Vetter Pharma International GmbH
Recent Developments
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In April 2022, WestRock Company partnered with Recipe Unlimited to introduce recyclable paperboard products, aimed at reducing plastic waste in Canadian landfills.
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In September 2022, Aptar Pharma launched an innovative dispensing solution that is mono-material and fully recyclable when paired with a PE or PET bottle. It is suitable for a range of viscosities, customizable with two dosage options and two neck size options, and is available in a variety of colors with its unique, three-part design.
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In September 2022, Berry Global Group, Inc. announced a collaboration with Mars Inc. to launch its popular pantry-sized treats in polyethylene terephthalate (PET) jars that have been optimized by including 15% recycled plastic content, i.e., post-consumer resin (PCR).
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In November 2022, Aptar Pharma announced its collaboration with TFF Pharmaceuticals. This collaboration is aimed at developing and testing the administration of dry powder vaccines utilizing TFF Pharmaceutical’s Thin Film Freezing technology and Aptar Pharma’s proprietary intranasal Unidose (UDS) powder nasal spray system.
Regional Insights
North America: Holds a significant revenue share, driven by a robust presence of pharmaceutical packaging manufacturers and increasing health awareness among consumers.
Asia Pacific: Expected to grow substantially, fueled by rising disposable incomes and healthcare expenditures in countries like China and India.
The sustainable pharmaceutical packaging market exhibits distinct regional characteristics. North America and Europe, with stringent environmental regulations and a growing eco-conscious populace, spearhead the adoption of sustainable packaging solutions. Asia Pacific, while rapidly industrializing, is witnessing increasing environmental concerns, driving demand for eco-friendly packaging materials. Latin America and the Middle East, though relatively nascent, are showing promising growth potential due to rising healthcare expenditure and a growing focus on sustainability. Overall, the global shift towards environmentally responsible practices is propelling the sustainable pharmaceutical packaging market forward, with varying degrees of maturity and adoption across different regions.
Sustainable Pharmaceutical Packaging Market Segmentation
The sustainable pharmaceutical packaging market is segmented based on product type, application and region:
By Type:
- Biodegradable Packaging
- Recyclable Packaging
- Reusable Packaging
- Green Plastics
By Application:
- Prescription Drugs
- Over-the-Counter (OTC) Drugs
- Nutraceuticals
- Biologics
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
FAQ
Global Sustainable Pharmaceutical Packaging Market Size is valued at USD 80.07 Billion in 2023 and is predicted to reach USD 245.10 Billion by the year 2032 at a 15.09% CAGR during the forecast period for 2024-2032.
The global sustainable pharmaceutical packaging market expected to grow at a CAGR of 15.09% during the forecast period.
Major players include Berry Global Inc., Gerresheimer AG, Amcor Plc, Schott AG, AptarGroup, Inc., Becton, Dickinson and Company, WestRock Company, Nipro Corporation, Catalent, Inc., Sealed Air Corporation, West Pharmaceutical Services, Inc., Alpla Werke Alwin Lehner GmbH & Co KG, Ardagh Group S.A., CCL Industries Inc., Frank Noe Egypt Ltd., Gaplast GmbH, Lonza Group Ltd., Mondi Group, Nolato AB, Origin Pharma Packaging, Comar, Bilcare Limited, SGD Pharma, Silgan Holdings Inc., Vetter Pharma International GmbH., and others.
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