Pharmaceutical packaging market to reach almost US$80bn by 2018, forecasts report

Published: 26-Aug-2014

Will see the fastest growth in pre-fillable syringes and parenteral vials


The global pharmaceutical packaging market is expected to be worth US$78.79bn by 2018, growing at a CAGR of 6.7% between 2013 and 2018, according to a new report by Life Science Industry Research.

The market by drug delivery type is growing at a CAGR of 9.1% and constitutes a significant part of the overall pharmaceutical packaging market, says the report, Pharmaceutical Packaging Market by Packaging Type (Plastic bottles, Blister packs, Caps & Closures, Ampoules, Vials and Others) Raw Material (Plastics, Paper & Paperboard, Glass, Aluminum foils), and Drug Delivery Type – Global Trends & Forecast to 2018.

Market growth is expected to be driven by many drugs coming off patent, an expanding generics market, and a rapidly growing drug delivery market.

Due to increasing generic and contract manufacturing activities in Asia-Pacific, especially in India and China, emerging markets are expected to register maximum growth.

Because advances in biotechnology are leading to the introduction of therapies that must be injected; the pharmaceutical packaging market is expected to see fastest growth in pre-fillable syringes and parenteral vials, the report says.

Labels and accessories, blister packs, temperature-controlled medicines packaging, and niche products, are also expected to continue to expand in the coming years.

Mergers and acquisitions in the recent past have indicated that the industry is on its way to consolidation globally and packaging suppliers are strengthening their presence in emerging markets.

All these factors, along with growth in the wider pharmaceutical industry, will continue to drive the demand for packaging. However, the packaging industry will have to overcome the challenges of the availability and price volatility of raw materials and changing health regulations, in order to meet increasing demand.

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