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Parenteral Products Packaging Market Segmentation by Material Type (Glass, and Plastic); by Product Type (Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, and Bags); by Packaging Type (Small, and Large Volume Parenterals); and by Drug Type (Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotherapy Agents, and Others) – Global Demand Analysis & Opportunity Outlook 2019-2028

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • June 30, 2021: SCHOTT AG announced that it has inaugurated its new tubing plant in Jinyun, China. The new factory will help to increase the production of pharma glass tubing of the company which is used to store and package life-saving medications.

  • May 19, 2020: One of the subsidiaries of UDG Healthcare plc, Sharp, has announced that it has acquired the 160,000 sq. ft pharmaceutical packaging facility from Quality Packaging Specialists International, LLC, located in Macungie, Pennsylvania (United States).

Global Parenteral Products Packaging Market Highlights Over 2019 - 2028

The global parenteral products packaging market is estimated to garner a revenue of USD 20867.6 Million by the end of 2028, up from USD 9002.6 Million in 2019 by growing with a CAGR of 8.8% during the forecast period, i.e., 2021-2028. The growth of the market can be attributed to the rise in demand for parenteral drugs worldwide, followed by the increasing advancements in packaging materials, which provide the manufacturers of parenteral products a wide range of options to choose from for packaging their product. The demand for parenteral drugs is growing significantly, backed by the increasing developments of complex active pharmaceutical ingredients, new therapeutic approaches, and for the availability of numerous treatment options. Moreover, with the growing incidences of chronic diseases around the globe, there is a rise in demand for self-injection devices for treating various chronic diseases. Owing to the development of such products, there is a growing need amongst pharmaceutical manufacturers to choose from a wide range of packaging products which align to their needs. This, in turn, is anticipated to drive the market growth in the coming years. According to the statistics by the United States Centers for Disease Control and Prevention (CDC), out of 10 adults in the U.S., 6 of them have a chronic disease. Moreover, out of 10 adults, 4 have two or more of the chronic diseases. 

Global-Parenteral-Products-Packaging-Market

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Global Parenteral Products Packaging Market Regional Synopsis

Regionally, the global parenteral products packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to hold the largest market share during the forecast period and is further expected to attain a market revenue of USD 6934 Million by the end of 2028. The market in the region is further expected to grow with a CAGR of 8.8% during the forecast period. On the other hand, the market in the Asia Pacific is expected to grow with the highest CAGR of 10.8% during the forecast period. The market in Europe is expected to hold a significant market share and attain the second leading stance by attaining a revenue of USD 6014.4 Million by the end of 2028. Amongst the countries in the region, the market in Germany is anticipated to hold the largest market share of 25.28% and attain a revenue of USD 1520.4 Million by the end of 2028. The growth of the market in the country can be attributed to the fact that the nation is house to some of the major pharmaceutical companies and has numerous players operating in the field of pharmaceuticals. As a result, there is a growing need for packaging products amongst these players, which is expected to accelerate the market growth.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Parenteral Products Packaging Market

Growth Drivers

  • Growing Advancements in Pharmaceutical Packaging Materials
  • Rising Need Amongst Pharmaceutical Companies for Advanced Pharmaceutical Packaging Materials

Challenges

  • Complex Regulatory Approvals for Commercialization of Packaging Products

Global Parenteral Products Packaging Market Segmentation Synopsis

The global parenteral products packaging market is segmented by material type into glass and plastic. Amongst these segments, the glass segment is anticipated to hold the largest market share throughout the forecast period, whereas the plastic segment is expected to grow with the highest CAGR of 10% during the forecast period. The glass segment is further divided into borosilicate glass, aluminosilicate glass, and others, out of which, the borosilicate glass segment is expected to hold the largest market revenue of USD 10275.6 Million by the end of 2028. Based on product type, the market is segmented into ampoules, cartridges, pre-filled syringes, vials, bottles, and bags, out of which, the pre-filled syringes segment is expected to hold the largest revenue of USD 8496 Million by the end of 2028 by growing with the highest CAGR of 10.6% during the forecast period. On the basis of packaging type, the market is segmented into small, and large volume parenterals, out of which, the small volume parenterals segment is expected to hold the largest market share during the forecast period. The market is further segmented on the basis of drug type into insulin, monoclonal bodies, cytokines, vaccines, peptide hormones, immunoglobulins, chemotherapy agents, and others. Out of these, the insulin segment is anticipated to hold a significant market share throughout the forecast period and further attain a revenue of USD 4964.2 Million by the end of 2028.

Parenteral-Products-Packaging-Market-Share

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global parenteral products packaging market that are included in our report are UFP Technologies, Inc., SCHOTT AG, Gerresheimer AG, UDG Healthcare plc, West Pharmaceutical Services, Inc., SiO2 Medical Products Inc., Stevanato Group, Berry Global Inc., NIPRO EUROPE GROUP COMPANIES, Corning Incorporated, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global Parenteral Products Packaging Market TOC

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Analyst Review
  5. Executive Summary - Global Parenteral Products Packaging Market
  6. Market Lineage Outlook- Global Pharmaceutical Packaging Market
  7. Industry Value Chain Analysis
    1. Raw Material Procurement
    2. Manufacturing
    3. Distribution & Supply
    4. End-User Outlook
    5. List of Key Players Across the Value Chain
  8. Regulatory Landscape
  9. Parenteral Packaging Advancement Outlook
  10. Impact of Covid-19 on the Parenteral Products Packaging Market
  11. Market Dynamics
    1. Drivers
    2. Restraints
    3. Trends
    4. Opportunities
  12. Competitive Structure
    1. Benchmarking of the Competitors
    2. Company Market Share Analysis, 2020 (%)
    3. Competitive Landscape
    4. Company Profiles
      1. UFP Technologies, Inc.
      2. SCHOTT AG
      3. Gerresheimer AG
      4. UDG Healthcare plc
      5. West Pharmaceutical Services, Inc.
      6. SiO2 Medical Products Inc.
      7. Stevanato Group
      8. Berry Global Inc.
      9. NIPRO EUROPE GROUP COMPANIES
      10. Corning Incorporated
  13. Global Parenteral Products Packaging Market Outlook
    1. Market Size and Forecast, 2019-2028
      1. By Value (USD Million), 2019-2028F
      2. By Volume (Units), 2019-2028F
    2. Market Segmentation
      1. By Material-Type
        1. Glass [Borosilicate Glass, Aluminosilicate Glass, Others]; Plastic [Polycarbonate, Polyethylene, Others] 2019-2028F (USD Million)
      2. By Product-Type
        1. Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, Bags, 2019-2028F (USD Million & Units)
      3. By Packaging-Type
        1. Small Volume Parenterals, Large Volume Parenterals, 2019-2028F (USD Million & Units)
      4. By Drug-Type
        1. Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotheraphy Agents, 2019-2028F (USD Million)
      5. By Region
        1. North America, Europe, Asia Pacific, Latin America, Middle East & Africa, 2019-2028F (USD Million & Units)
  14. North America Parenteral Products Packaging Market Outlook
    1. Market Overview
    2. Market Size, By Value (USD Million)
    3. Market Size, By Volume (Units)
    4. Leading Regional Parenteral Products Packaging Producers
    5. Distributor Outlook
    6. Pricing Outlook (USD/Unit), 2018-2021
    7. Market Segmentation
      1. By Material-Type
        1. Glass [Borosilicate Glass, Aluminosilicate Glass, Others]; Plastic [Polycarbonate, Polyethylene, Others] 2019-2028F (USD Million)
      2. By Product-Type
        1. Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, Bags, 2019-2028F (USD Million & Units)
      3. By Packaging-Type
        1. Small Volume Parenterals, Large Volume Parenterals, 2019-2028F (USD Million & Units)
      4. By Drug-Type
        1. Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotherapy Agents, 2019-2028F (USD Million)
      5. By Country
        1. US, Canada, 2019-2028F (USD Million & Units)
  15. Europe Parenteral Products Packaging Market Outlook
    1. Market Overview
    2. Market Size, By Value (USD Million)
    3. Market Size, By Volume (Units)
    4. Leading Regional Parenteral Products Packaging Producers
    5. Distributor Outlook
    6. Pricing Outlook (USD/Unit), 2018-2021
    7. Market Segmentation
      1. By Material-Type
        1. Glass [Borosilicate Glass, Aluminosilicate Glass, Others]; Plastic [Polycarbonate, Polyethylene, Others] 2019-2028F (USD Million)
      2. By Product-Type
        1. Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, Bags, 2019-2028F (USD Million & Units)
      3. By Packaging-Type
        1. Small Volume Parenterals, Large Volume Parenterals, 2019-2028F (USD Million & Units)
      4. By Drug-Type
        1. Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotherapy Agents, 2019-2028F (USD Million)
      5. By Country
        1. UK, Germany, Italy, France, Spain, Russia, Netherlands, Rest of Europe, 2019-2028F (USD Million & Units)
  16. Asia Pacific Parenteral Products Packaging Market Outlook
    1. Market Overview
    2. Market Size, By Value (USD Million)
    3. Market Size, By Volume (Units)
    4. Leading Regional Parenteral Products Packaging Producers
    5. Distributor Outlook
    6. Pricing Outlook (USD/Unit), 2018-2021
    7. Market Segmentation
      1. By Material-Type
        1. Glass [Borosilicate Glass, Aluminosilicate Glass, Others]; Plastic [Polycarbonate, Polyethylene, Others] 2019-2028F (USD Million)
      2. By Product-Type
        1. Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, Bags, 2019-2028F (USD Million & Units)
      3. By Packaging-Type
        1. Small Volume Parenterals, Large Volume Parenterals, 2019-2028F (USD Million & Units)
      4. By Drug-Type
        1. Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotherapy Agents, 2019-2028F (USD Million)
      5. By Country
        1. India, China, Vietnam, South Korea, Japan, Singapore, Australia, Rest of Asia Pacific, 2019-2028F (USD Million & Units)
  17. Latin America Parenteral Products Packaging Market Outlook
    1. Market Overview
    2. Market Size, By Value (USD Million)
    3. Market Size, By Volume (Units)
    4. Leading Regional Parenteral Products Packaging Producers
    5. Distributor Outlook
    6. Pricing Outlook (USD/Unit), 2018-2021
    7. Market Segmentation
      1. By Material-Type
        1. Glass [Borosilicate Glass, Aluminosilicate Glass, Others]; Plastic [Polycarbonate, Polyethylene, Others] 2019-2028F (USD Million)
      2. By Product-Type
        1. Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, Bags, 2019-2028F (USD Million & Units)
      3. By Packaging-Type
        1. Small Volume Parenterals, Large Volume Parenterals, 2019-2028F (USD Million & Units)
      4. By Drug-Type
        1. Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotherapy Agents, 2019-2028F (USD Million)
      5. By Country
        1. Mexico, Brazil, Argentina, Rest of Latin America, 2019-2028F (USD Million & Units)
  18. Middle East & Africa Parenteral Products Packaging Market Outlook
    1. Market Overview
    2. Market Size, By Value (USD Million)
    3. Market Size, By Volume (Units)
    4. Leading Regional Parenteral Products Packaging Producers
    5. Distributor Outlook
    6. Pricing Outlook (USD/Unit), 2018-2021
    7. Market Segmentation
      1. By Material-Type
        1. Glass [Borosilicate Glass, Aluminosilicate Glass, Others]; Plastic [Polycarbonate, Polyethylene, Others] 2019-2028F (USD Million)
      2. By Product-Type
        1. Ampoules, Cartridges, Pre-Filled Syringes, Vials, Bottles, Bags, 2019-2028F (USD Million & Units)
      3. By Packaging-Type
        1. Small Volume Parenterals, Large Volume Parenterals, 2019-2028F (USD Million & Units)
      4. By Drug-Type
        1. Insulin, Monoclonal Antibodies, Cytokines, Vaccines, Peptide Hormones, Immunoglobulins, Chemotherapy Agents, 2019-2028F (USD Million)
      5. By Country
        1. GCC, South Africa, Israel, Rest of Middle East & Africa, 2019-2028F (USD Million & Units)

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