Pharmaceutical Packaging Market (By Product: Tertiary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging, and Primary Pharmaceutical Packaging; By Material: Paper & Paperboard, Plastics & Polymers, Glass, Aluminum Foil, and Others; By End-use: Retail Pharmacy, Pharmaceutical Manufacturing, Institutional Pharmacy, Contract Packaging, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024 – 2033

Pharmaceutical Packaging Market Size nd Growth

The global pharmaceutical packaging market size was valued at USD 134.07 billion in 2023 and is expected to hit USD 317.39 billion by 2033, with a compound annual growth rate (CAGR) of 9% during the forecast period 2024 to 2033.

Pharmaceutical Packaging Market Size 2024 to 2033

To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics

Pharmaceutical Packaging Market Key Takeaways

  • North America contributed more than 38.14% of revenue share in 2023.
  • Asia-Pacific is expected to expand at the biggest CAGR of 12.3% between 2024 and 2033.
  • By Product, the primary pharmaceutical packaging segment has held the largest market share of 77% in 2023.
  • By Product, the secondary product segment is anticipated to grow at a remarkable CAGR of 7.6% between 2024 and 2033.
  • By Application, the pharmaceutical manufacturing segment captured more than 49.7% of revenue share in 2023.

Pharmaceutical Packaging Market Size in the U.S. 2024 to 2033

The U.S. pharmaceutical packaging market size was estimated at USD 35.86 billion in 2023 and is predicted to be worth around USD 89.64 billion by 2033, at a CAGR of 9.6% from 2024 to 2033.

U.S. Pharmaceutical Packaging Market Size 2024 to 2033

North America led the global market accounting for a value share of around 38.14% in 2023. The region witnesses significant presence of leading pharmaceutical players in countries that include Canada, the U.S., and Mexico. U.S. registered as the largest pharmaceutical market globally because of developed healthcare infrastructure in the country, high investments in drug development, and high per capita income. In addition, the presence of large number of leading healthcare product manufacturers, such as Johnson & Johnson; Pfizer Inc.; Bristol-Myers Squibb Company; Merck & Co., Inc.; and AbbVie Inc. further expected to contribute prominently towards the growth of the region.

The Asia Pacific projected to witness the fastest growth rate of nearly 12.3% over the forthcoming years. Japan, India, China, and South Korea are some of the prominent markets because of rapidly increasing population along with steady economic growth in the region estimated to propel the packaging demand in the upcoming years. Further, supportive government regulations related to drug safety expected to further boost the growth of the region.

Pharmaceutical Packaging Market Share, By Region, 2023 (%)

Pharmaceutical Packaging Market Size in Europe 2023 to 2033

The Europe pharmaceutical packaging market size was calculated at USD 42.11 billion in 2023 and is projected to expand around USD 104.74 billion by 2033, poised to grow at a CAGR of 9.5% from 2024 to 2033.

Year Market Size (USD Billion)
2023 42.11
2024 46.13
2025 50.54
2026 55.36
2027 60.65
2028 66.43
2029 72.77
2030 79.71
2031 87.31
2032 95.63
2033 104.74


Pharmaceutical Packaging Market Growth Factors

Significant growth in the pharmaceutical industry mostly in the developing economies that include India, China, and Brazil because of rising disposable income, increasing population, and increasing focus on the life expectancy anticipated to be the major driverfor the market growth. In addition, increasing focus of pharmaceutical packaging solution providers on sustainability along with the adoption of recyclable and biodegradable materials is likely to boost the market growth. Moreover, rising preference for convenient packaging types that include auto injectors and prefilled syringes estimated to create immense growth opportunities for the industry players operating in the market.

Increasing demand for patient-oriented drugs and medicines further expected to positively influence the market growth. Some medicines are manufactured using animal, microorganism, plant, or human cells and are commonly prone to contamination as well as are heat sensitive, this in turn estimated to fuel the demand for specific packing solutions leading to the growth in the pharmaceutical packaging market.

Pharmaceutical Packaging Market Scope

Report Coverage Details
Market Size in 2023 USD 134.07 Billion
Market Size by 2033 USD 317.39 Billion
Growth Rate From 2024 to 2033 CAGR of 9%
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Application, and By Material
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World


Pharmaceutical Packaging Market Dynamics

Market Driver: Emphasis on recyclable packaging

Multiple initiatives are being taken by the government and administrations to boost the pace of recyclability. In June 2023, the Cabinet Health of the United States announced the launch of first recycling program for pill bottles. Under the program, consumers/users and even companies can recycle pill bottles. The program aims to eliminate microplastics which is beneficial for human health as well as the environment.

With such initiatives multiple manufacturers are focusing on the development of recyclable packaging for the pharmaceutical industry in order to fulfill the market’s demand. In January 2023, Aptar Pharma launched a high-performance nasal spray for the pharmaceutical industry with recyclable packaging.

Consumers and regulatory bodies are pushing for reduced waste and eco-friendly practices. The shift towards recyclable packaging has led pharmaceutical companies to adopt recyclable solutions. As the demand for such packaging solutions rises, the pharmaceutical industry will focus on the development of environmentally conscious options. Thus, the element acts as a driver for the market.

Market Restraint: Rising prices of raw materials

The escalating cost of materials poses a significant constraint for the pharmaceutical packaging market. As raw material prices surge due to supply chain disruptions, increased demand and fluctuating currency values, packaging manufacturers face mounting challenges. These elevated costs cascade down the production chain, compelling pharmaceutical companies to grapple with higher packaging expenses. The pharmaceutical sector demands packaging materials that adhere to stringent quality and safety standards. Escalating material costs, such as plastics, glass and aluminum can substantially impact profit margins. Manufacturers may find I challenging to balance quality and cost-effectiveness, potentially leading to compromised packaging integrity. Thus, rising prices of raw materials act as a restraint for the market.

Market Opportunity: Development of innovative packaging solutions

In May 2023, a prominent pharmaceutical packaging developer, Bormioli Pharma announced its plan to submit innovative designs for pharmaceutical packaging solutions. The new innovative packaging solutions aim to focus on augmented reality for drug delivery and child-resistant closure systems with biometric recognition.

On the other hand, in 2022, a global leader in sustainable packaging solutions, Huhtamaki announced an innovative packaging solution for the global pharmaceutical industry. The company has launched an innovative push up blister packaging solution with high-performance blister packaging lines. Additionally, the packaging solutions launched by Huhtamaki aim to offer a more sustainable alternative to the traditional packaging.

The development of innovative packaging solutions presents significant opportunities for the market’s growth as these solutions can enhance medication safety, improve patient compliance and address environmental concerns. Features like child-resistant closures, smart packaging and high-performance blister packaging offer improved solutions. These innovations cater to both regulatory and consumer requirements, contributing to the market’s growth.

Market Challenge: Stringent regulations

The pharmaceutical packaging industry faces obstacles with the growing challenge of rising stringent regulations. These regulations, often aimed at ensuring patient safety and product efficacy, have become a stringent restraint for the industry. Pharmaceutical products require packaging that adheres to specific quality standards, tamper resistance, child-resistant closures and clear labeling of ingredients. As regulations evolve and become more rigorous, pharmaceutical companies face increased pressure to comply with complex requirements, leading to higher costs for packaging development, testing and approval.

The grip of stringent regulations can be complicated for the manufacturers that can limit the entry of new players in the market. It can be challenging in terms of time and cost needed for receiving approvals. Thus, the stringent regulations factor acts as a major challenge for the market.

Product Insights

The primary pharmaceutical packaging product segment captured the maximum value share of nearly 77% in 2023 and projected to retain its position over the analysis period. Product advantages that include quality assurance, prevention from contamination, safety during transportation, and enhanced performance are the major factors that anticipated to propel the product demand over the upcoming period.

The primary packaging product segment has been further classified into medication tubes, caps &closures, plastic bottles, blister packs, parenteral containers, pouches, prefillable inhalers, and others. Plastic bottles are the widely used product for packaging various types of medicines and thus emerged as the leader in the primary packaging products.

Pharmaceutical Packaging Market Share, By Product, 2023 (%)

The secondary product segment projected to witness a CAGR of approximately 7.6% over the forecast period. The secondary packaging refers to a consecutive covering or package that are mostly used for the grouping of pharmaceutical packages. They are largely used for logistics and transportation along with display and branding purposes. This type of packaging is used for protecting drugs as well as the primary packaging.

Application Insights

In 2023, pharmaceutical manufacturing held the largest revenue share of around 49.7% and projected to maintain the same trend over the forthcoming years. Increasing demand for better medical facilities along with rising population projected to impact positively on the market growth. In addition, favorable government initiatives supporting the development of healthcare industry mostly in the developing countries estimated to boost the segment growth over the analysis period.

Drug or medicine manufacturers are significantly outsourcing the pharmaceutical packaging activities for saving their expenses and time both. Increasing preference for outsourcing service rather than investing on the establishment of packaging infrastructure projected to propel the growth of contract packaging segment during the upcoming years.

Pharmaceutical Packaging Market Companies

  • Becton, Dickinson and Company
  • Amcor Plc
  • AptarGroup, Inc.
  • Gerresheimer AG
  • Drug Plastics Group
  • Schott AG
  • West Pharmaceutical Services Inc.
  • Owens Illinois Inc.
  • Berry Global, Inc
  • SGD S.A.
  • WestRock Company
  • International Paper Company
  • CCL Industries Inc.
  • Vetter Pharma International

Segments Covered in the Report

By Product

  • Tertiary
  • Secondary
    • Pharmaceutical Packaging Accessories
    • Prescription Containers
  • Primary
    • Caps & Closures
    • Plastic Bottles
    • Parenteral Containers
    • Prefillable Inhalers
    • Blister Packs
    • Medication Tubes
    • Pouches
    • Others

By Material

  • Paper & Paperboard
  • Plastics & Polymers
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Polyvinyl Chloride (PVC)
    • Others
  • Glass
  • Aluminum Foil
  • Others

By Application

  • Retail Pharmacy
  • Pharmaceutical Manufacturing
  • Institutional Pharmacy
  • Contract Packaging
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

What is the pharmaceutical packaging market size?
According to Precedence Research, the global pharmaceutical packaging market size was reached at USD 134.07 billion in 2023 and is expected to be worth around USD 317.39 billion by 2033.
What is the growth rate of global pharmaceutical packaging market?
The global pharmaceutical packaging market is growing at a compound annual growth rate (CAGR) of 9% during the forecast period 2024 to 2033.
What are the factors driving the pharmaceutical packaging market?
Growing pharmaceutical industry especially in the developing countries because of high spending on healthcare infrastructure growth along with rising health awareness in the countries expected to prominently drive the market growth. Further, increasing demand for patient-oriented drugs and medicines is the other most important factor that triggers the demand for pharmaceutical packaging solution.
Which segment accounted for the largest pharmaceutical packaging market share?
Primary pharmaceutical packaging product segment captured the maximum value share of nearly 75% and projected to retain its position over the analysis period.
Who are the key players in pharmaceutical packaging market?
Some of the key players operating in the market are Becton, Dickinson and Company, Amcor Plc, AptarGroup, Inc., Gerresheimer AG, Drug Plastics Group, Schott AG, West Pharmaceutical Services Inc., Owens Illinois Inc., Berry Global, Inc, SGD S.A., WestRock Company, International Paper Company, CCL Industries Inc., COMAR LLC, and Vetter Pharma Internationalamong others.
Which region led the global pharmaceutical packaging market?
North America led the global market and account for a value share of around 38.14% in 2023 due to significant presence of leading pharmaceutical players in the region.
Which region is projected to witness the fastest growth in the pharmaceutical packaging market?
The Asia Pacific projected to witness the fastest growth rate of nearly 12% over the forthcoming years owing to rapidly increasing population along with steady economic growth in the region.


   USD 4900
   USD 3800
   USD 2100
   USD 2100
   USD 7500


No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client

Get a Sample