APAC Pharmaceutical Packaging Market Report 2023: Sector to Reach $22.81 Billion by 2028 at a 5% CAGR

News provided by

May 31, 2023, 21:15 ET

DUBLIN, May 31, 2023 /PRNewswire/ -- The "APAC Pharmaceutical Packaging Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

This report offers market size & forecast data for the pharmaceutical packaging market in APAC. The revenue generated from the sale of pharmaceutical packaging materials and products are included in the report.

Revenue generated by service providers are excluded from the scope of the report. This report provides a comprehensive and current market scenario of APAC pharmaceutical packaging, including the APAC pharmaceutical packaging market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present pharmaceutical packaging market and its market dynamics for 2023?2028 in the APAC region. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

MARKET DEFINITION

Pharmaceutical packaging is the packaging process for pharmaceutical preparations, and it is an integral part of the pharmaceutical product. Packaging is often involved in dosing, dispensing, and use of the pharmaceutical product. Packaging plays a significant role in keeping the drug safe and one of the important aspects is that the material used for the packaging of the drugs should remain safe as it should not react with the drug packaged.

KEY HIGHLIGHTS

The APAC pharmaceutical packaging market was valued at $16.96 billion in 2022 and is projected to reach $22.81 billion in 2028, with a compound annual growth rate (CAGR) of 5.06%, during the study period.
In 2022, China accounted for a significant market share of 26.93% followed by Japan with 20.97% and then South Korea with 16.44% in the APAC Pharmaceuticals packaging market, which is owing to the highest aging population, high prevalence of chronic diseases, increasing demand for prescription drugs, presence of leading pharmaceutical players, well-developed infrastructure, and high investments in drug development.
Primary Packaging accounted for the highest share of more than 70% in the APAC Pharmaceutical packaging market attributable to the growing demand for blister packs, bottles, vials, ampoules, pouches, sachet, and bags with the increasing demand for pharmaceuticals. - Based on primary packaging type, the strips & blister packaging segment accounted for a share of more than 33% market share in the APAC pharmaceutical packaging market and dominated the other segments due to its wide usage as an essential primary packaging element for pharmaceutical products.
Based on material type, the paper segment accounts for a share of more than 39% in the APAC Pharmaceutical packaging market share which can be attributable to its highest demand in secondary & tertiary packaging and increasing demand for recyclable materials.
The pharmaceutical and biotech companies accounted for the highest share of more than 45% in the APAC Pharmaceutical packaging market which is owing to the growing aged population, growing demand for branded drugs, OTC drugs and specialty medicines, increasing patent expiring drugs, and higher drug prices.
Amcor, Aptar Group, Berry Global, Laser Gerresheimer, WestRock, and others are the leading players in the APAC Pharmaceutical Packaging market. The market offers tremendous growth opportunities for existing and future/emerging players because of innovations in oncology, autoimmune, and diabetes treatment, chronic ailments, and rare diseases.

REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECAST

- Packaging type

Primary
Secondary
Tertiary- Primary Packaging type
Ampoules
Vials
Blisters & Strip
Bottles & Jars
Containers & Tubes
Pouches & Sachets
Others - Material type
Paper
Glass
Plastic
Others- End-user type
Pharmaceuticals & Biotech Companies
CMOs/CDMOs
Others

MARKET STRUCTURE

Market Dynamics
Competitive Landscape of the Pharmaceutical Packaging Market
Key Vendors
Other Prominent Vendors

APPENDIX

Research Methodology
Abbreviations
About

Key Topics Covered:

Chapter 1: Pharmaceutical Packaging Market Overview

Executive Summary
Introduction
Key Findings

Chapter - 2: Pharmaceutical Packaging Market

APAC: Projected Revenue of Pharmaceutical Packaging (2022-2028; $Billions)

Chapter - 3: Pharmaceutical Packaging Market Segmentation Data

APAC: Projected Revenue by Packaging type (2022-2028; $Billions)
Primary Packaging
Secondary Packaging
Tertiary Packaging
APAC: Projected Revenue by Primary Packaging type (2022-2028; $Billions)
Ampoules Packaging
Vials Packaging
Strip & Blister Packaging
Bottles & Jars
Containers & Tubes
Sachets & Pouches
Others
APAC: Projected Revenue by Material type (2022-2028; $Billions)
Paper
Glass
Plastic
Others
APAC: Projected Revenue by End-user type (2022-2028; $Billions)
Pharma & Biotech Companies
CMOs/CDMOs
Others

Chapter - 4: Key Countries Overview

China: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
Japan: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
South Korea: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
India: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
Australia: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
Malaysia: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
Singapore: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)
Thailand: Projected Revenue of Pharmaceutical Packaging Market (2022-2028; $Billions)

Chapter - 5: Pharmaceutical Packaging Market Prospects & Opportunities

Pharmaceutical Packaging Market Drivers
Pharmaceutical Packaging Market Trends
Pharmaceutical Packaging Market Constraints

Chapter - 6: Pharmaceutical Packaging Industry Overview

Pharmaceutical Packaging - Competitive Landscape
Pharmaceutical Packaging - Key Players
Pharmaceutical Packaging - Key Company Profiles
Pharmaceutical Packaging - Key Strategic Recommendations

Chapter - 7: Appendix

Research Methodology
Abbreviations
About

A selection of companies mentioned in this report includes

Amcor
Aptar Group
Berry Global
Gerresheimer AG
WestRock Pharmaceuticals
ACG
Airnov
BD
Bilcare Research
CCL
Borosil
Drug Plastic Group
DWK Life Sciences
LOG
Meghmani Group
Nolato
Nemera
Polycine
Reno

For more information about this report visit https://www.researchandmarkets.com/r/qaxnw8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets