Clinical Trial Packaging Market Size & Share, by Type (Bags & Pouches, Bottles, Vials & Ampoules, Syringes, Blisters); Material (Corrugated Fiber, Glass, Plastic, Metal, Paper, Plastic); End-user (Research Laboratories, Drug Manufacturing Facilities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4513
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Clinical Trial Packaging Market size is poised to reach USD 7 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of clinical trial packaging was USD 3 Billion. The growth of the market can primarily be ascribed to the convenient availability and utilization of blisters in medicine packaging. As of 2019, approximately 18 to 20 % of pharmaceutical packaging was fulfilled by blister packs.

Global clinical trial packaging market trends such as, mounting spending on pharmaceuticals R&D and rising disposable income of countries are projected to influence the growth of the market positively over the forecast period. For instance, in 2020, the spending on pharma R&D across the globe was estimated to be nearly USD 200 billion while as of 2022, approximately 100,000 clinical studies were registered solely in the USA. Moreover, ongoing development in medical technology is further estimated to propel the growth of the market over the forecast period. In 2022, the medical technology industry was forecasted to generate a revenue of about USD 375 billion. Hence, such factors are estimated to hike the growth of the market during the forecast period.  


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Clinical Trial Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Skyrocketing Development of Medical Drugs - It was observed that in 2021, the total spending on drugs in the USA was estimated to be approximately USD 2 billion while the number of drugs under the R&D pipeline was anticipated to be about 20,000.
  • Medical drug is another term used in the place of medicine which is developed in laboratories with different sorts of chemicals and compounds. The research on medical drugs never stops and in modern times, governments of multiple countries are more inclined to invest in drug development to flourish the healthcare infrastructure and provide cures for many untreatable diseases such as, cancer, dementia, neurological, and Alzheimer’s diseases. After the successful clinical trial, medicines are exported across countries boosting the demand for high-quality packaging.
  • Growing Utilization and Production of Corrugated Board - As of 2020, approximately 150 million tons of corrugated board were produced across the globe.
  • Rising Export and Import of Syringes - In 2021, the total volume generated by the syringe export in the United Kingdom was estimated to be nearly 90,000 U.S. dollars.
  • Booming Demand for Vaccination Worldwide - The percentage of fully vaccinated people in 2022 by country was estimated to be in UAE (~100%), Maldives (~100%), Cambodia (~90%), Qatar (~100%), Bhutan (~85%), and others.

Challenges

  • Lack of Requisite Materials and Workforce
  • Requirement for Higher Initial Investment
  • Disrupted Supply-Chain due to COVOD-19

Clinical Trial Packaging Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

10%

Base Year Market Size (2022)

USD 3 Billion

Forecast Year Market Size (2033)

USD 7 Billion

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Our in-depth analysis of the global market includes the following segments:

       By Type

  • Bags & Pouches
  • Bottles
  • Vials & Ampoules
  • Syringes, Blisters
  • Others

      By Material

  • Corrugated Fiber
  • Glass
  • Plastic
  • Metal
  • Paper
  • Plastic
  • Others

      By End-User

  • Research Laboratories
  • Drug Manufacturing Facilities

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Clinical Trial Packaging Industry - Regional Synopsis

Regionally, the global clinical trial packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be accounted to the growing R&D in the healthcare sector and the presence of the major key players. It was noticed that in 2022, approximately 24,000 diagnostic and medical laboratories were functioning in the United States alone. Hence, all these factors are anticipated to fuel the growth of the market in the region during the forecast period.

Research Nester
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Companies Dominating the Clinical Trial Packaging Landscape

top-features-companies
    • XERIMIS INC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Almac Group
    • WuXi AppTec Co., Ltd.
    • WestRock Company
    • 3M Company
    • Sentry BioPharma Services, Inc.
    • Bilcare Ltd.
    • Sharp Packaging Services, LLC
    • Corden Pharma GmbH
    • Parexel International Corporation

In-the-news

In The News

  • WestRock Company to make an announcement about its acquisition of HP PageWide T1190 Press. The acquisition took place to expand the company’s portfolio of unmatched corrugated printing capabilities. Additionally, WestRoack Company also offers single-source solutions to its customer for enhanced and high-quality graphics.

  • WuXi AppTec Co., Ltd. to establish a new facility for new sterile lipid nanoparticle formulation in its Wuxi city campus. The facility will fulfill the demand for complex injection dosage forms and deliver better medicines to patients with the help of fast-growing parenteral formulation capabilities.

Author Credits:  Sadaf Naaz, Mohd Shadab


  • Report ID: 4513
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Skyrocketing development of medical drugs is estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

Lack of requisite materials and workforce is estimated to challenge the market growth.

The market in the North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Almac Group, WuXi AppTec Co., Ltd., WestRock Company, 3M Company, Sentry BioPharma Services, Inc., Bilcare Ltd., Sharp Packaging Services, LLC, Corden Pharma Gmbh, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, material, end-user, and by region.

The drug manufacturing facilities segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Clinical Trial Packaging Market Report Scope
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