Contract Pharmaceutical Packaging Market Size, Share, Trends, Growth 2032

Contract Pharmaceutical Packaging Industry Prospective:

The global contract pharmaceutical packaging market size was worth around USD 15.73 billion in 2023 and is predicted to grow to around USD 37.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 10.18% between 2024 and 2032.

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Contract Pharmaceutical Packaging Market: Growth Drivers

The outsourcing of operations such as drug packing is referred contract pharmaceutical packaging. A pharmaceutical packaging contractor offers services, facilities, and equipment. Many pharmaceutical companies have recognized that profits can be increased by outsourcing the commercial and clinical packaging to a pharmaceutical contractor.

The cost of R&D is steadily increasing, but the useful results of R&D processes are getting less profitable. Many firms have realized that it is an effective way to reduce their costs by moving this part of the business to pharmaceutical contractors. This has been a major driving factor for global contract pharmaceutical packaging market around the world.

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Additionally, contract pharmaceutical packaging market is growing significantly because pharmaceutical packaging contractor offers early development support and after installation services of the equipment because of this pharmaceutical companies are opting for pharmaceutical packaging contractor. Packaging of pharmaceutical drugs is an important aspect when it comes to safety of medicines, thus many companies are skeptical to give the packaging control to outside vendors. This will be a challenge faced by contract pharmaceutical packaging market.

Global Contract Pharmaceutical Packaging Market: Segmentation

The global contract pharmaceutical packaging market has been divided into product type, drug type, and drug form.

The global contract pharmaceutical packaging market by product type has been segmented into flexible packaging, plastic containers, glass containers, and caps/closures. Due to wide applications of flexible packaging in pharmaceutical industry, lightweight and convenient manufacturing of flexible packaged products, the flexible packaging segment is set to have the largest share in this segment.

The global contract pharmaceutical packaging market by drug type has been segmented into autacoids & related drugs, contraceptives, hormone replacement, cardiovascular medicines, cancer therapies, and others. Increase in population and urbanization has led to a significant increase in demand for pharmaceutical drugs because of this each segment from drug type is probable to witness significant growth in the coming years.

The global contract pharmaceutical packaging market by drug form has been segmented into oil and injectable. Increased expenditure on drugs for chronic diseases is expected to drive the demand for oil and injectable drugs; it is probable that both oil and injectable drug form market are anticipated to drive the demand for contract pharmaceutical packaging market.

Contract Pharmaceutical Packaging Market: Report Scope

Contract Pharmaceutical Packaging Market: Competitive Landscape

North America is the largest contract pharmaceutical packaging market globally. Increasing investment in research and development of pharmaceutical drugs and presence of major players of pharmaceutical industry in the region has increased the growth of contract pharmaceutical packaging market. Asia Pacific is the second largest contract pharmaceutical packaging market. Strong demand for pharmaceutical drugs in Asia Pacific region due to increase in the population is a major driving force for contract pharmaceutical packaging market.

Europe contract pharmaceutical packaging market is expected to witness significant growth because pharmaceutical companies are taking measures in order to cut down prices. Pharmaceutical contract packaging market in Latin America and the Middle East is anticipated to witness increasing growth rate because of increasing investment by major pharmaceutical companies in outsourcing to face the rising cost and profit pressures.

Contract Pharmaceutical Packaging Market: Competitive Analysis

The global contract pharmaceutical packaging market is dominated by players like:

• Catalent Pharma Solutions
• Patheon
• Baxter BioPharma Solutions
• AbbVie Contract Manufacturing
• Pfizer CentreSource
• Daito Pharmaceutical
• Nipro Corporation

The global contract pharmaceutical packaging market is segmented as follows:

Global Contract Pharmaceutical Packaging Market: Type of Products Segment Analysis

• Flexible Packaging
• Plastic Containers
• Glass Containers
• Caps/Closures

Global Contract Pharmaceutical Packaging Market: Drug Type Segment Analysis

• Autacoids & Related Drugs
• Contraceptives
• Hormone Replacement
• Cardiovascular Medicines
• Cancer Therapies
• Others

Global Contract Pharmaceutical Packaging Market: Drug Form Segment Analysis

• Oral
• Injectable

Global Contract Pharmaceutical Packaging Market: Regional Segment Analysis 

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