Parenteral Packaging Market Size, Share Report, Analysis, Trends, Growth 2032

The global Parenteral Packaging market size accrued earnings worth approximately USD 9.84 Billion in 2023 and is predicted to gain revenue of about USD 23.21 Billion by 2032, is set to record a CAGR of nearly 10% over the period from 2024 to 2032.

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Parenteral Packaging Market Overview

Packaging can be referred as the process of covering, casing, and securing products from any external damage. In the case of pharmaceutical and medical products, parenteral products can be defined as the drugs that are made from sterile suspensions, solutions, and emulsions for infusion purpose during surgical procedures. These products are sterilized as they are anticipated to be administrated directly into the systemic circulation in human beings or animals. Due to their biological composure, the parenteral products or biopharmaceuticals tends to be fragile and are likely to be vulnerable to packaging products. Thus to avoid and eliminate the chances of vulnerability, these biopharmaceuticals are carefully manufactured, stored, and shipped.

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Parenteral Packaging Market Growth Analysis

Parenteral packaging market is experiencing the highest growth rate in developed as well as developing countries. The advancements in packaging technology have resulted in upgradation and continuous innovation in the package development in many sectors of the healthcare and pharmaceutical market. The advancement of packaging in the case of parenteral solutions includes green packaging technology where environment-friendly products are encouraged for utilization which further maintains the sustainability by causing no harm to the environment. The raw materials used for parenteral packaging are mainly glass and plastic. The rising popularity for the usage of plastic products for the primary packaging is driving the market growth and development. In addition, with the introduction of biodegradable plastic packaging, the demand for sustainable packaging among the pharmaceutical manufacturers is growing.

Moreover, with the change in lifestyle among people there have also been a rise in the chronic diseases across the globe. The rise in chronic diseases is expected to drive the market. In 2016, according to the American Cancer Society (ACS), it was anticipated that over 1,685,220 cases of cancer were diagnosed and over 589,690 cancer deaths happened in the U.S. because of the factors that directly lead to the path of chronic diseases. Those factors are obesity, smoking tobacco, high consumption of alcoholic beverages, and many more. The rise in prevalence of chronic diseases will increase the number of surgical procedures. Hence, such factors are contributing to the parenteral products which, in turn, will increase the demand for the parenteral packaging market growth over the forecast period.

In order to give the users of this report a comprehensive view of the parenteral packaging market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein material type segment, packaging type segment, and product type segment are benchmarked based on their market size, growth rate, and general attractiveness.

Parenteral Packaging Market: Report Scope

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on global and regional basis. Moreover, the study covers price trend analysis, packaging type portfolio of various companies according to region.

Parenteral Packaging Market Segmentation Analysis

Based on material type, the market is segmented into plastic and glass. Plastic segment is further sub-segmented into polyolefin and PVC. On the basis of product type, the market is categorized into ampoules, vials, prefilled syringes and cartridges bags, and ready to mix systems. Based on packaging type, the parenteral packaging market is bifurcated into small-volume parenteral and large-volume parenteral.

North America is growing at a significant growth rate in the global parenteral packaging market in 2023 and the region is predicted to continue with its regional domination over the forecast period. The growth of this regional market is accredited to the rise in elderly population over the years. Also, the growing health concerns among the people in developed countries are predicted to boost the market growth and development over the forecasted time period. The Asia Pacific is predicted to endow with considerable opportunity for parenteral packaging. The growth is anticipated in the region because of the regulations and implications formed by the government coupled with the FDA in order to counterfeit pharmaceutical products. Manufacturers in the region are adopting methods that could counterfeit products, patient compliance, and drug integrity and credibility among the population. These factors are expected to drive the parenteral packaging market growth over the forecast timeline.

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for parenteral packaging market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players such as

• RPC Group
• Unilife Corporation
• Gerresheimer AG
• Stevanato Group
• Berry Plastics Corporation
• Nipro Corporation
• MeadWestvaco Corporation
• Becton Dickinson and Company Inc.
• Schott AG
• Dickinson and Company, Inc.
• Ypsomed Holding AG
• Terumo Corporation
• SiO2 Medical Products
• West Pharmaceutical Services
• Schott Pharmaceuticals Services Inc.
• Owens-Illinois
• Graphic Packaging Group, and others.

This report segments the global parenteral packaging market as follows:

Global Parenteral Packaging Market: Material Type Segment Analysis

• Plastic 
  • PVC
  • polyolefin
• Glass

Global Parenteral Packaging Market: Packaging Type Segment Analysis

• Small-Volume Parenteral
• Large-Volume Parenteral

Global Parenteral Packaging Market: Product type Segment Analysis

• Bags
• Ampoules
• Vials
• Prefilled syringes & Cartridges
• Ready-to-mix Systems

Global Parenteral Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa