This type of packaging provides uniformity of the drug through different production lots and ample printing space for necessary information regarding the drug’s contents. This assures patient safety and maintains the efficiency of the drug throughout the intended shelf life by preventing contamination.

Segmental Analysis

The global Pharmaceutical Packaging Market Share is segmented based on material, type, application, and packaging. On the basis of material, the plastic segment is expected to dominate the global market, as it is a material that can be easily molded into various forms as per the packaging requirements for pharmaceutical substances and equipment, such as capsules, tablets, sterile injections, and solutions and suspensions.

On the basis of type, the bottles segment is expected to dominate the global market. The increasing demand for liquid medicines and rising technological advancements in packaging are some of the factors driving this segment.

On the basis of application, the global Pharmaceutical Packaging Market Share is segmented into generic drugs, branded drugs, medical tools & equipment, test kits, nutraceuticals, and others. The generic drugs segment is expected to hold the maximum market share. This is because government authorities in various countries across regions such as North America and Asia-Pacific, are taking efforts to manufacture generic drugs that have similar active ingredients, strengths, dosages, and route of administrations of a brand-name drug.

Regional Analysis

For instance, in 2017, the government in China directed a quality management regulation that guides the manufacturers to prepare, produce, and distribute the product, filling, and packing in a sterile area to maintain the quality of the drug.

Europe is the fastest growing region in the global Pharmaceutical Packaging Market Share. It is projected to witness significant growth during the forecast period owing to the new directives set by the European Union (EU) for pharmaceutical packaging.