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| Global India Pharmaceutical Packaging Market Size |
The pharmaceutical packaging market plays a vital role in protecting medication
from potential contamination and damage during storage, transportation, and
handling. Pharmaceutical packaging products such as primary packaging,
secondary packaging, and tertiary packaging provide tamper evidence features,
ease of use, and longer shelf life to the drugs.
The global
India Pharmaceutical Packaging Market is estimated to be valued at US$ 1.7 Bn in 2023 and is expected to
exhibit a CAGR of 9.7% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
Sustainable packaging trend is gaining momentum in the India pharmaceutical
packaging market. Pharmaceutical packaging manufacturers are increasingly
developing sustainable packaging solutions made from recyclable and
biodegradable materials to cater to the growing customer demand. For instance,
some key players are offering packaging products made from recycled
polyethylene terephthalate (RPET), post-consumer recycled polyethylene (PCR
PE), and plant-based polyethylene to reduce plastic waste. The sustainable
packaging solutions allow the end-users to meet their sustainability goals and
provide brand differentiation in the market.
Segment Analysis
The India pharmaceutical packaging market is dominated by primary packaging
which holds around 60% share of the overall market. Primary packaging involves
direct packaging of medicines in containers such as bottles, blisters and
ampoules. It also includes packing drugs and medicinal products in small quantities
suitable for retail distribution, storage and use by consumers and caregivers.
Primary packaging segment witnesses higher demand due to large volume of drugs
being packed in these formats for distributed through retail pharmacies.
Key Takeaways
The Global
India Pharmaceutical Packaging Market Size is expected to witness high
growth. Regional analysis related content comprises The India pharmaceutical
packaging market is projected to register strong growth over the forecast
period. This can be attributed to the favorable government initiatives and
policies supporting the growth of domestic pharmaceutical industry.
Furthermore, the rising healthcare expenditure and increasing generic drugs
market are creating high demand for pharmaceutical packaging in the country.
Key players
Key players operating in the India pharmaceutical packaging market are Amcor
Plc., Aptar Group Inc., Huhtamaki Plc. and Uflex Limited. Amcor Plc. is one of
the leading flexible packaging company globally. The company offers a wide
range of pharmaceutical packaging solutions including prefilled syringes,
vials, pharmaceutical packaging films and more. Aptar Group Inc. is a leading
provider of drug delivery systems and services to pharmaceutical, beauty,
personal care and food and beverage industries. The company provides innovative
dispensing solutions and primary packaging for pharma industry.
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