Sustainable Pharmaceutical Packaging Market Size, Share and Trends 2024 to 2034

Sustainable Pharmaceutical Packaging Market Size and Forecast 2024 to 2034

The global sustainable pharmaceutical packaging market size is expected to be worth USD 99.70 billion in 2024 and is anticipated to reach around USD 376.82 billion by 2034, growing at a solid CAGR of 14.22% over the forecast period 2024 to 2034. Increasing awareness of environmental issues and regulatory pressures is the key factor driving the sustainable pharmaceutical packaging market growth.

Sustainable Pharmaceutical Packaging Market Key Takeaways

• North America contributed the highest market share of 36% in 2023.
• Asia Pacific is expected to grow at a double digit CAGR of 17.62% over the projected period.
• By material, the plastic segment has held a major market share of 37% in 2023.
• By material, the paper & paperboard segment is expected to grow at the fastest rate in the market during the forecast period.
• By product, the primary segment generated the biggest market share of 80% in 2023.
• By product, the secondary segment is anticipated to grow at the fastest rate in the market over the projected period.
• By process, the recyclable segment dominated the market with the largest market share of 64% in 2023.

U.S. Sustainable Pharmaceutical Packaging Market Size and Growth 2024 to 2034

The U.S. sustainable pharmaceutical packaging market size was exhibited at USD 23.57 billion in 2023 and is projected to be worth around USD 103.84 billion by 2034, poised to grow at a CAGR of 14.43% from 2024 to 2034.

North America led the global sustainable pharmaceutical packaging market in 2023. The dominance of the region is due to the rising environmental policies and stringent regulations that enable pharmaceutical companies to adopt more sophisticated pharmaceutical packaging solutions. The U.S. sustainable pharmaceutical packaging market is fueled mainly by rising consumer awareness and the need for sustainable products.

• In November 2023, Amcor, a global leader in developing and producing responsible packaging solutions, announced the launch of the next generation of its Medical Laminates solutions. Amcor’s latest innovation enables the development of all-film packaging that is recyclable in the polyethylene stream.

Asia Pacific is expected to show the fastest growth in the sustainable pharmaceutical packaging market over the projected period. This is because of expanding industrialization and economic growth in economies such as China, India, and South Korea. Additionally, Governments in these nations are implementing stringent regulations on plastic utilization and waste management, which is encouraging pharmaceutical companies to adopt sustainable packaging alternatives.

Top biotechnology and pharmaceutical companies ranked by revenue in USD billion

Market Overview

Sustainable pharmaceutical packaging is the utilization of eco-friendly procedures and materials in the packaging of pharmaceutical products designed to lessen the environmental effects. Sustainable pharmaceutical packaging can also leverage a third-party logistics company for cross-docking, inventory management, and product packaging. The third-party logistics model also provides greater asset use and sharing alliances, which in turn raises demand and can have a positive impact on the sustainable pharmaceutical packaging market. The application of this can include primary and secondary packaging for medications that are made to ensure product integrity and safety.

Role of AI in the Sustainable Pharmaceutical Packaging Market

AI-based systems can be used to optimize production and management in the sustainable pharmaceutical packaging market. These systems can generate demand forecasts, analyze historical data, and assess storage conditions to predict the type and quantity of packaging needed. This can help reduce overproduction and waste, making packaging production more aligned with actual demand. Additionally, AI can be utilized to monitor and track products during the packaging process and identify any anomalies or defects.

• In April 2023, Sea Vision Group launched its latest technology, which uses artificial intelligence (AI) for optimized packaging solutions. The solutions aim to use AI to improve the quality and efficiency of packaging lines for cosmetics and pharmaceuticals. The technology can help manufacturers detect defects, such as cracks and dents in packaging, with greater accuracy and speed.

Sustainable Pharmaceutical Packaging Market Growth Factors

• Rising consumer demand for eco-friendly products.
• Advancements in packaging technology are making sustainable methods more affordable and realistic.
• Growing utilization of biodegradable packaging will likely contribute to the sustainable pharmaceutical packaging market expansion further.
• A growing focus on reducing plastic waste.
• Government initiatives are also an important factor in boosting market growth shortly.

Market Scope

Market Dynamics

Drivers

Expansion of manufacturing facilities

The sustainable pharmaceutical packaging market is witnessing substantial growth due to increasing demand for various pharma products, especially in the context of drug delivery devices and chronic diseases. This trend is mainly propelled by emerging economies, demographic shifts, and healthcare facilities addressing the requirements of populations with financial hurdles. Furthermore, the vendors are growing their production abilities with investments in new factories such as Schott AG's facility in China, etc.

In June 2024, Evertis launched the Evercare brand for the healthcare packaging market, which was designed to provide superior performance and support regulatory compliance to the healthcare market. Evercare sits in a vertically integrated group that delivers a value proposition to healthcare customers in terms of innovation, sustainability, and supply chain security.

Restraint

Limited availability of suitable materials

Sustainable, high-quality materials that fulfill the pharmaceutical demand and standards are not available readily. This scarcity can lengthen the adoption of sustainable packaging solutions. This is a major obstacle to the sustainable pharmaceutical packaging market. Moreover, sometimes businesses may struggle to get materials that give adequate protection and meet consumer criteria.

Opportunity

Growing adoption of QR codes for packaging

Quick response (QR) codes on packaging can offer better functionality for the sustainable pharmaceutical packaging market. These can reduce the requirement for physical leaflets or pamphlets that would have generally been needed for the pharmaceutical product. This practice is called e-labeling. Additionally, QR codes are becoming more adaptable to the packaging of medical and pharmaceutical devices.

• In October 2023, Bayer Consumer Health UK, in partnership with AIPIA member Zappar, introduced a new Accessible QR code (AQR) on its Canescool Soothing Gel Cream product packaging to help those who are blind or partially sighted. Canescool is reportedly the world’s first women’s intimate health brand to adopt QR codes on its product packaging.

Material Insights

The plastic segment dominated the sustainable pharmaceutical packaging market in 2023. The dominance of the segment can be attributed to the cost-effectiveness, versatility, and ability of plastic to meet strict regulations while providing eco-friendly alternatives. Additionally, the lightweight nature of plastic packaging can further contribute to its popularity in sustainable pharmaceutical packaging enabling it to dominate the market over the forecast period.

• In January 2024, Bormioli Pharma, an international provider of pharmaceutical packaging and medical devices, and Loop Industries, Inc., a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, have unveiled a pharmaceutical packaging bottle manufactured with 100% recycled virgin-quality Loop PET resin.

The paper & paperboard segment is expected to grow at the fastest rate in the sustainable pharmaceutical packaging market during the forecast period. The growth of the segment can be driven by the rising utilization of Paper-based pharmaceutical packaging such as labels, folding cartons, and inserts. Furthermore, these materials are easy to print with important information, offering a practical solution for branding and labeling while maintaining compliance with stringent regulatory standards.

Product Insights

The primary segment led the global sustainable pharmaceutical packaging market. This is due to its key role in ensuring pharmaceutical products' efficacy, safety, and integrity. The primary packaging is the materials that come directly in contact with the medication or drug product. which includes bottles, vials, blister packs, and sachets made from sustainable biodegradable materials.

The secondary segment is anticipated to grow at the fastest rate in the sustainable pharmaceutical packaging market over the projected period. The growth of the segment can be linked to the rising usage of recycled paperboard, which minimizes the utilization of inks and adhesives and includes designs that lessen material waste. Also, increasing focus on sustainable practices and innovations in outer packaging solutions can further enhance the adoption of Secondary packaging solutions.

Process Insights

The recyclable segment dominated the sustainable pharmaceutical packaging market in 2023 and is anticipated to grow at a rapid rate over the studied period. The dominance and growth of the segment can be credited to the increasing environmental concerns and a growing need for more sustainable and environmentally friendly packaging solutions. Moreover, recyclable packaging helps conserve resources and decrease waste by keeping materials in longer circulation, thus contributing to the segment's growth.

Sustainable Pharmaceutical Packaging Market Companies

• Amcor plc
• Berry Global Inc.
• Sonoco Products Company
• WestRock Company
• CCL Healthcare
• SGD Pharma
• OLIVER
• Gerresheimer AG
• West Pharmaceutical Services, Inc.
• Nottingham Spirk
• Crown Packaging Corp.
• Nipro Europe Group Companies
• Origin Pharma Packaging
• Syntegon Technology GmbH
• Bormioli Pharma S.p.A.

Recent Developments

• In March 2024, MM Group, a secondary packaging specialist, became the first European company to receive triple-A accreditation from the Carbon Disclosure Project. This feat helped the company gain global notoriety. This landmark accreditation also helped to establish the company’s reputation in the market.
• In February 2024, Schreiner Group, a Germany-based company specializing in pharmaceutical labeling and packaging solutions, launched a new sustainable closure seal called Needle-Trap Closure Seal. This product is designed to prevent needles from being reused and to ensure the integrity of pharmaceutical packaging.
• In January 2024, Stora Enso developed its EcoFishBox concept to incorporate sustainable fiber-based pharmaceutical packaging. The innovative packaging method is intended to replace plastic containers for solid-dose pharmaceuticals. Made from renewable materials, the packaging is recyclable and biodegradable, making it a more environmentally responsible alternative to typical plastic bottles.
• In December 2023, West Pharmaceutical Services introduced a new line of bio-based elastomeric stoppers for injectable pharmaceuticals. The stoppers are constructed from plant-based materials, which have a lower carbon footprint than standard synthetic rubber stoppers. This innovation addresses the growing demand for sustainable pharmaceutical packaging components.
• In August 2023, Amcor plc announced the acquisition of a scalable, flexible packaging plant in the high-growth Indian market. This strategic move involves the acquisition of Phoenix Flexibles, expanding the company’s capacity in India.

Segments Covered in the Report

By Material

• Plastics
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polystyrene (PS)
  • Bioplastics
  • Others
• Paper & Paperboard
• Glass
• Metal
• Others

By Product

• Primary
  • Plastic Bottles
  • Caps & Closures
  • Parenteral Containers
  • Blister Packs
  • Prefillable Inhalers
  • Pouches
  • Medication Tubes
  • Others
• Secondary
  • Prescription Containers
  • Pharmaceutical Packaging Accessories
  • Tertiary

By Process

• Recyclable
• Reusable
• Biodegradabl

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa