Market Highlights

The global parenteral packaging market is expected to grow from USD 12.10 billion in 2023 to USD 19.30 billion by 2033 at a CAGR of 4.78%.

Parenteral Packaging Market CAGR

2023-2033

CAGR OF

4.78%

Parenteral Packaging Market

The packaging is crucial and important in the pharmaceutical industry. It should be efficient enough to ensure the protection of the product from various factors such as moisture, sunlight, and other environmental factors. These in turn inhibit microbial growth and thus extend the shelf life of the drug. Parental drugs are directly administered into the body so it should be sterile and particle free. Common modes of parental drug administration are intravenous, intramuscular, or subcutaneous. Parental packaging is one of the vital components of good manufacturing practices and so professional team &skilled laborers are required to adopt good aseptic practices in dispensing parental products to patients for administration. The leading manufactures in the global parenteral products packaging market are adopting strategies such as mergers, acquisitions, and new product launches to expand its market share.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the overall market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.

Parenteral Packaging Market: Market Dynamics

The rising demand for small molecule prefilled syringes coupled with increasing innovations and technological developments in the parenteral products have drastically enhanced the demand for the market across the globe. 
On other hand, less availability of raw materials and the instability of their costs act as a hindrance to the growth of the overall market.

Parenteral Packaging Market: Segmental Analysis

Parenteral Packaging Market

By Product

Vials

Pre-filled Syringes & Cartridges

Bags

Ampoules

The Market will Grow

At the CAGR of:

4.78%

The Forecast Market

Size for 2033 in USD:

$19.30B

The global parenteral packaging market is classified by product, material, packaging, and region.
On the basis of product, the market is classified into vials, pre-filled syringes & cartridges, bags, ampoules, and ready to use systems. The vials segment accounted for the largest market share in 2023, which is anticipated to continue its position by 2033.

Parenteral Packaging Market

By Material

XX%

Glass

Plastic

Polyvinyl Chloride (PVC)

Polyolefin

12.10

Total Market Size

USD (Billion), 2023

4.78%

CAGR

2023 - 2033

On the basis of material, the market is segmented into glass, plastic, polyvinyl chloride (PVC), and polyolefin. The plastic segment is expected to witness the highest growth rate in the same segment. Plastic bottles are suitable for the storage of drugs in liquid and solid forms, increasing in communicable diseases, and rise in the old age population in developed nations, hence responsible for the highest share of the plastic segment.
On the basis of packaging, the market is segmented into small volume parenteral (SVP) and large volume parenteral (LVP).

Parenteral Packaging Market: Regional Analysis

Parenteral Packaging Market

By Region

The Market will Grow

At the CAGR of:

4.78%

The Forecast Market

Size for 2033 in USD:

$19.30B

Geographically, the market is classified into Asia-Pacific, Europe, North America, South America, and the Middle East and Africa.
North America held the largest market share in 2023 which is expected to continue with its position by the end of 2033. This is attributed to the rising number of geriatric population and health-conscious people in the region. Europe is showing gradual growth in the global parenteral products packaging market.
Asia-Pacific is anticipated to expand with a healthy market share over the forecast period. The stringent regulations and rules by the government in developing countries stimulate the growth in the Asia-Pacific region.

Parenteral Packaging Market: Competition Scenario

Key players operating in the parenteral packaging market are Amcor Plc, AptarGroup Inc., Baxter International Inc., Becton Dickinson and Co., Berry Global Group, Inc., Catalent Inc., Gerresheimer AG, SCHOTT AG, West Pharmaceutical Services Inc. and WestRock Co.

Critical Questions Answered in the Report

    What are the key trends in the market?
    How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years?
    What are the key strategies adopted by the major vendors to lead in market?
    What is the market share of the top players?

Research Methodology

The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.

Parenteral Packaging Market Scope: