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Sustainable Pharmaceutical Packaging Market Share

Report ID: GMI10307
Published Date: Jul 2024
Report Format: PDF

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Sustainable Pharmaceutical Packaging Market Share

Companies have started investing more in Research & Development (R&D) for innovative and sustainable solutions. These companies are also working in collaboration to counter the challenges in sustainable packaging manufacturing. For instance, in April 2024, Amcor, a global leader of packaging solutions, collaborated with Kimberly Clark to launch Eco Protect diapers made with 30% recycled materials in Peru. The product offers sustainable packaging solution for hypoallergenic diapers made with certified plant-based fibers. These companies are focusing on building their brand image by achieving certificates, to gain long-term advantages. Additionally, they are trying to adhere to the framework of rules and regulations of the government and international organizations.

Sustainable Pharmaceutical Packaging Market Companies

Major players operating in the industry are:

Amcor plc
Berry Global Group, Inc.
Mondi Group
Nipro Corporation
Gerresheimer AG
WestRock Company
Uflex Limited

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for sustainable pharmaceutical packaging was USD 76 billion in 2023 and is expected to register over 15% CAGR from 2024-2032 owing to rising consumers awareness about healthier lifestyles, easier access to healthcare facilities, and increasing global aging population worldwide.

Sustainable pharmaceutical packaging industry from the recycle-based segment is expected to reach over 118.20 billion by 2032 due to the industry, gradually adapting to recycling technology for plastic and other materials used in packaging.

North America industry held over 35% share in 2023 due to the American Medical Association (AMA) promoting the usage of recyclable plastic such as polyethylene terephthalate/high-density polyethylene in the region.

Amcor plc, Berry Global Group, Inc., Mondi Group, Nipro Corporation, Gerresheimer AG, WestRock Company, and Uflex Limited, are some of the major sustainable pharmaceutical packaging companies worldwide.