Published by mark itwired
Posted on October 8, 2021
3 min readLast updated: January 30, 2026
The pharmaceutical plastic packaging market is set to grow at a 6.1% CAGR, reaching $13.15Bn by 2028, driven by eco-friendly packaging innovations.
The global pharmaceutical plastic packaging market will grow at a CAGR of 6.1% during the forecast period, 2020-2030. The growth is anticipated to be fuelled by increasing instances of deadly disease outbreaks such as H1N1, COVID-19. This prompts an increase in pharmaceutical plastic packaging demand. Furthermore, developed regions are foreseeing a proliferation of their geriatric populace.
“Manufacturers focusing on eco-friendly packaging solutions attributed to challenges rising from ecological concerns concerning plastic production and disposal. Bio-degradable and bio-based plastics are anticipated to gain traction in the market in the coming years,” states FMI analyst.
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Pharmaceutical Plastic Packaging Market – Key Takeaways
Pharmaceutical Plastic Packaging Market – Key Drivers
Pharmaceutical Plastic Packaging Market – Regional Analysis
Pharmaceutical Plastic Packaging Market – Competitive Landscape
Market players in the pharmaceutical plastic packaging sector are at present going forwards with strategies to extend manufacturing capacities amid the COVID-19 outbreak. Leading participants are furthermore involved in strategic geographic extension, predominantly in emerging economies with the purpose of lengthening supply chains and exploiting cost benefits. For instance
Germany-based Schott AG has declared strategies to invest US$ 1 Bn through 2025 to increase its pharmaceutical packaging manufacturing product capacities including cartridges, syringes, ampoules, and polymer vials, with novel plants in Germany, China, and the United States.
Some of the prominent pharmaceutical plastic packaging producers in the global market are Amcor plc, Alpha Packaging Holdings, Becton, Dickinson & Company, Berry Global Inc., West Pharmaceutical Services Inc., Parekhplast India Ltd., Mondi plc, Wipak Group, Constantia Flexibles Group GmbH, and Sealed Air Corporation.
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Pharmaceutical Plastic Packaging Market – Taxonomy
Material
By Packaging Type
Product Type
Regional Outlook:
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The post Pharmaceutical Plastic Packaging Market expected to reach US$ 13.15 Bn & 6.1% CAGR through 2021-2028 appeared first on Industry News Analsis.
The article discusses the growth of the pharmaceutical plastic packaging market, projected to reach $13.15Bn by 2028.
Key drivers include eco-friendly packaging innovations and increased demand due to disease outbreaks.
North America leads with a 28% market share as of 2020.
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