The pharmaceutical packaging market has been predicted to double to $149.25bn at a compound annual growth rate (CAGR) of 8.75% to 2026, according to a Research and Markets report.

It is also reported that Polyethylene terephthalate (PET) packaging will display the fastest growth from $14.36bn to $45.12bn by 2026 – a CAGR of 13.6%.

The new report  predicts that increasing demand for blister packaging and drug delivery devices will contribute to growth, while a boost to primary pharmaceutical packaging is expected to deliver more development opportunities.

Pharmaceutical packaging is used to extend the shelf life of complex pharmaceuticals as well as protect them from toxins and microbial contamination.

Plastic bottles occupy the largest market share for pharmaceutical packaging due to ease of production. India currently produces a large quantity of plastic pharmaceutical packaging, with the Asia Pacific market due to grow in PET packaging and labelling use.

Reports also suggest that 60% of global demand for pharmaceutical packaging products is expected to come from markets such as China, Japan, the US and Western Europe.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

However the growth of the pharmaceutical packaging market may be restricted by rising packaging costs caused by tough regulatory methods, such as serial codes on medicine packaging.

It has been suggested that the data created via serialisation could be used to recover some of the losses caused by these regulations.