Pharmaceutical Packaging Market Worth $158.14 Billion by 2029

Pharmaceutical Packaging Market by Type (Bottle, Vial, Blister Pack, Ampoule, Pre-filled Syringe), Material (Plastic [PE, Polyvinyl chloride, PP, PET], Paper, Glass, Metal), Dosage Form (Oral, Parenteral, Topical), End User—Global Forecast to 2029

The Pharmaceutical Packaging Market is expected to reach $158.14 billion by 2029, at a CAGR of 7.6% from 2022 to 2029. Pharmaceutical packaging plays an important role in the storage and administration of pharmaceutical products. In addition to the storage and protection of pharmaceuticals, packaging plays a significant role in the marketing and promotion of brands. The growing pharmaceuticals market, rising trend of contract packaging in pharmaceuticals, technological advancements, and increasing implementation of serialization and aggregation regulations are the factors driving the growth of the pharmaceutical packaging market. Furthermore, emerging pharmaceutical hotspots in developing countries offer significant opportunities for the growth of the pharmaceutical packaging market. However, the increasing costs of packaging hinder the growth of this market to a notable extent.