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market. The oral dosage form is further segmented into oral solid dosage and oral liquid dosage. In 2024, the oral solid dosage segment is expected to account for the largest share of the pharmaceutical packaging market for oral dosage. Many consumers prefer oral solid dosages due to their ease of dosing and portability. Drug formulations in oral solid forms, such as capsules and tablets, are preferred for several reasons, including their wide acceptance, convenient administration, manufacturing efficiency, precise dosing, and stability, contributing to the large share of the market. Additionally, key players are also adopting various strategic initiatives. For instance, in May 2023, SÜDPACK Medica (Germany) and Liveo Research (Switzerland) launched a PharmaGuard innovative blister concept for solid applications.

Among all the end users studied in this report, in 2024, the pharmaceutical companies segment is expected to account for the largest share of 44% of the pharmaceutical packaging market. The pharmaceutical sector has witnessed significant growth in recent years due to the increasing volume of production of pharmaceuticals, the rising burden of diseases requiring novel therapies, and the need to address unmet medical requirements for both rare and chronic diseases are contributing to the large share of the segment. Additionally, governments of various countries are taking initiatives by making investments and providing grants and funds to pharmaceutical companies for the manufacture and R&D of drugs, thereby driving the demand for drug packaging.

Geographically, in 2024, North America is expected to account for the largest share of 35% of the pharmaceutical packaging market. North America pharmaceutical packaging market is estimated to be worth USD 37.2 billion in 2024. North America's major market share is attributed to the presence of major key players, technological advancements in packaging, such as smart packaging, investment by key players in R&D for drug discovery, and strategic initiatives adopted by the key players. For instance, in October 2023, Pharmascience Inc. (Canada) invested USD 120 million for the expansion of an injectable manufacturing facility.

However, Asia-Pacific pharmaceutical packaging market is expected to growth with the highest CAGR of 8.5% over the forecast period. The rapid growth of this market is attributed to the increasing healthcare expenditure, rising production of pharmaceuticals and advancements in primary packaging and drug delivery devices, growth in per capita income, a large population pool, and government initiatives to improve healthcare infrastructure.

In the Asia-Pacific region, countries like China, India, and Singapore are positioning themselves as significant players in the global biotech market, driving a surge in research and development endeavors across the region. India and China, in particular, have solidified their positions in the global pharmaceutical outsourcing sector. Their large, skilled, and cost-effective workforce has provided them with a competitive edge, facilitating the expansion of their respective pharmaceutical industries.

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Scope of the Report:

Pharmaceutical Packaging Market Assessment—by Material

PolymerPolyvinyl Chloride (PVC)Polyethylene Terephthalate (PET)Polypropylene (PP)Polyethylene (PE)Other PolymersGlassPaper & PaperboardMetalOther Packaging Materials

Note: Other polymer materials include Cyclic Olefin Polymer (COP) and Polystyrene

Note: Other packaging materials include rubber, silica gel, and wood

Pharmaceutical Packaging Market Assessment—by Packaging Type

Primary PackagingBlister PackagingBottlesVials & AmpoulesCaps & ClosuresPre-fillable InhalersPre-fillable Syringes & CartridgesPouches & SachetsOther Primary PackagingSecondary PackagingTertiary Packaging

Note: Other primary packaging includes jars & canisters, medication tubes, strip packs, specialty bags, and accessories

Pharmaceutical Packaging Market Assessment—by Dosage Form

Oral Dosage FormOral Solid DosageOral Liquid DosageParenteral Dosage FormOther Dosage Forms

Note: Other dosage forms include topical, nasal, dermal, and ocular dosage forms

Pharmaceutical Packaging Market Assessment—by End User

Pharmaceutical CompaniesContract CompaniesPharmacies

Pharmaceutical Packaging Market Assessment—by Geography

North AmericaU.S.CanadaEuropeSwitzerlandItalyGermanyFranceU.KIrelandBelgiumSpainDenmarkRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaSouth KoreaAustraliaRest of Asia-Pacific (RoAPAC)Latin AmericaBrazilMexicoRest of Latin AmericaMiddle East & Africa

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