India Pharmaceutical Packaging Market, By Product Type (Specialty Bags, Parenteral Container ), By Material Type

India pharmaceutical packaging market is projected to reach around US$ 3.25 Billion by 2030, in terms of revenue, exhibiting a CAGR of 9.7% during the forecast period (2023-2030).

India Pharmaceutical Packaging Market Share (%), By Product Type, 2023

The pharmaceutical packaging market has undergone a series of changes in recent years. Nowadays, consumers and patients demand convenience and tailor-made products. Pharmaceutical companies have responded to this changing demand by developing new products that address patient needs. The design of pharmaceutical packaging is very important in promoting adherence to prescriptions.

Market Dynamics

Packaging plays an essential role in the pharmaceutical industry, where its role transcends branding and barrier protection for the product's shelf life. It is increasingly essential for patient safety by carrying essential information related to the product, tamper-proofing, and traceability. Pharmaceutical packaging is typically the most cost-effective method of presenting, protecting, identifying, providing information, providing convenience, maintaining integrity, and ensuring product stability.

Advancement in the manufacturing process to develop sustainable packaging solutions is driving growth of the India pharmaceutical packaging market. Growing product innovation and an expanding biotechnology sector are again propelling market's growth. Moreover, a rise in the prevalence of chronic disease and surging demand for drugs are further projected to further augment market's growth. On the other hand, the volatile price of raw materials is expected to hinder market growth.

The pharmaceutical packaging industry is experiencing a period of growth due to the increasing population, health awareness, and longevity. Additionally, there is a heightened awareness of environmental concerns associated with traditional packaging materials, as well as the implementation of new regulatory requirements for packaging recycling in India.

Based on Material Type, the market is segmented into glass, aluminum foils, plastics and polymers, paper & paperboards, and others. Out of which, plastics and polymers is expected to dominate the market over the forecast period and this is attributed its flexibility, low weight, and cost-effective nature. Polyethylene, polyvinyl chloride, polypropylene, and polystyrene are some of the common polymer used in plastic packaging material.

Key features of the study:

• This report provides in-depth analysis of the India pharmaceutical packaging market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the India pharmaceutical packaging market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include AMCOR PLC., APTAR GROUP INC., HUHTAMAKI PLC., and UFLEX LIMITED
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
• India pharmaceutical packaging market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India pharmaceutical packaging market

Detailed Segmentation:

• India Pharmaceutical Packaging Market, By Product:
  • Urinary collection bags
  • Bile collection bags
  • Blood bags
  • Sterile packaging bags
  • Enteral feeding
  • Bags
  • Bottles
  • Ampoules
  • Vials
  • Cartridges
  • Others parenteral container
  • Specialty bags
  • Parenteral container
  • Others
• India Pharmaceutical Packaging Market, By Material Type
  • Glass
  • Aluminum foils
  • Plastics and polymers
  • Paper & paperboards
  • Others
• Company Profiles
  • Amcor Plc.
  • Aptar Group Inc.
  • Huhtamaki Plc.
  • Uflex Limited