Home > Healthcare > Pharmaceuticals > Pharma Manufacturing > Sustainable Pharmaceutical Packaging Market

Sustainable Pharmaceutical Packaging Market Trends

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

Sustainable Pharmaceutical Packaging Market Trends

Recently, biodegradable packaging is in trend. It consists of materials that can be decomposed by microorganisms such as algae, fungi, and bacteria within a year. Biodegradable materials are made up of mushroom and cornstarch. New research is exploring the implementation of these materials into the packaging production process. Researchers claim that seaweed is suitable for biodegradable pharmaceutical and food packaging. For instance, Astellas, a Japanese pharmaceutical company, recently used biomass-based plastic from plant-derived materials for its blister packages. The company is using biomass-based plastic, polyethylene, which is derived from sugarcane. The usage of biodegradable raw materials in packaging accounts for nearly 50% of the total raw materials used.
 

Additionally, paper-based materials are other alternatives, which have emerged from the traditional pharmaceutical packaging. Paper-based packaging is preferred for secondary packaging. Furthermore, companies are also using renewable energy for manufacturing processes and reducing fossil fuel usage, which harms the environment. For instance, in 2022, Pfizer, a giant pharma company, sourced 7.8% of renewable energy, aiming for steady growth to 80% by 2025 and 100% by 2030. Additionally, in June 2024, Keystone Folding Box, a paperboard packaging company, launched its paper-based blister packs, Push-Pak for the pharmaceutical industry. This solution is less expensive as the product cost is lower, thereby reducing shipment costs.
 

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.

Sustainable Pharmaceutical Packaging Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 468
  • Countries covered: 21
  • Pages: 220
 Download Free Sample