The latest report by IMARC Group, titled “Pharmaceutical Contract Packaging Market Report by Industry (Small Molecule, Biopharmaceutical, Vaccine), Type (Sterile, Non-sterile), Packaging (Plastic Bottles, Caps and Closures, Blister Packs, Prefilled Syringes, Parenteral Vials and Ampoules, and Others), and Region 2025-2033,” finds that the global pharmaceutical contract packaging market reached a value of USD 23.2 Billion in 2024. Pharmaceutical contract packaging refers to the outsourcing of secondary operations such as drug packaging and labeling to third-party suppliers. It is increasingly used by pharmaceutical companies in the packaging of drugs as it offers optimum pharmacological effects to patients. Pharmaceutical contract packaging also provides other services like assembling and secondary packaging of vials, pre-filled syringes, and auto-injectors. It is cost-effective, flexible, profitable, saves time and helps in keeping up with the changing times.
Global Pharmaceutical Contract Packaging Market Trends:
The market is primarily driven by the increasing prevalence of lifestyle and cardiovascular diseases, resulting in the growing number of patients. Besides this, the rising demand for biological therapies, such as cell and gene therapy, is fueling the market growth. In addition to this, stringent quality requirements imposed by governing authorities on pharmaceutical packaging have resulted in outsourcing pharmaceutical packaging to contract packaging providers for efficient and simple packaging solutions. Moreover, several small pharmaceutical companies face issues like lack of in-house packaging capacity, expertise, and budget constraints, which have shifted their preference toward contract packaging services that effectively curb these issues. Besides this, service providers are coming up with sophisticated and smart packaging solutions to meet the expectation of the clients. Furthermore, extensive investment in research and development (R&D) activities for the development of advanced plastics, and the introduction of patient-specific implants and 3D printed devices are creating a positive outlook for the market. Looking forward, the market value is projected to reach USD 41.9 Billion by 2033, expanding at a CAGR of 6.47% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Industry, Type, Packaging, Region |
Region Covered | United States, Europe, China, India, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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