Pharmaceutical Plastic Packaging Market is anticipated to grow at a significant CAGR of 6.0% during the forecast period (2024-2031). According to Invest in India, the pharmaceutical industry in India is expected to reach $65 Billion by 2024 and to $130 Billion by 2031. India is a major exporter of Pharmaceuticals, with over 200+ countries served by Indian pharma exports. India supplies over 50% of Africa’s requirement for generics, ~40% of generic demand in the US and ~25% of all medicine in the UK. India has many companies that offer pharmaceutical plastic packaging, including packaging companies, pharmaceutical companies, and suppliers. Looking towards the growth aspects of Indian pharmaceutical industry several international players are planning to foray into the Indian pharmaceutical plastic packaging market.
For instance, in March 2023, Spanish packaging firm Inden Pharma announced its plan to expand its business to India after partnering with Austria-based ALPLApharma that specialises in plastic packaging for pharmaceuticals. In a bid to increase their presence in the global market for pharmaceutical packaging, the companies have inked a pact for the certified production of bottles, containers and closures in clean rooms, starting in March. The firms are planning a combined annual production of around 800 million pharmaceutical packaging products in 2023 and a three-fold increase in the next five years.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Raw Material
- By Product Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Gerresheimer AG, Amcor Ltd., Berry Plastics Group, Inc., Aptar Group Inc., and O. Berk Company LLC among others.
Pharmaceutical Plastic Packaging Market Report Segment
By Raw Material
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Low Density Polyethylene (LDPE)
- High Density Polyethylene (HDPE)
By Product Type
- Solid Containers
- Dropper bottles
- Nasal Spray Bottles
- Liquid Bottles
- Oral Care
- Pouches
- Vials and Ampoules
- Cartridges Syringes
- Other (Caps and Closures)
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Pharmaceutical plastic packaging Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Berk Company LLC
- Comar LLC
- Drug Plastics Group
- EPL Ltd.
- Gerresheimer AG
- Gil Plastic Products Ltd.
- Huhtamaki India Ltd.
- Klockner Pentaplast Group
- Nipro India Corporation Pvt. Ltd.
- Origin Pharma Packaging
- Parekhplast India Ltd.
- Pretium Packaging
- SCHOTT Pharmaceutical Packaging
- SGD Pharma
- UFlex Ltd.
- West Pharmaceutical Services Inc.
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