An overview of the pharmaceutical packaging category for procurement teams. This guide provides you with the overall market size and trends, key drivers, opportunities and challenges, key suppliers in the category and how to improve strategic supplier partnerships.
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Definition
The pharmaceutical packaging market refers to the industry segment that focuses on designing, manufacturing, and supplying packaging materials and solutions specifically tailored for pharmaceutical products.
Pharmaceutical packaging is vital for protecting drugs from external factors such as moisture, light, and contamination, thereby maintaining their stability and effectiveness.
Packaging also provides essential information about the product, including dosage instructions, expiration dates, and potential hazards, ensuring safe and proper usage by healthcare professionals and patients.
The three main types of packaging are:
1. Primary Packaging
Primary packaging involves the immediate containment of pharmaceutical products. It includes various forms such as bottles and vials, blister packs, ampoules, and prefilled syringes, which directly come into contact with the drugs.
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2. Secondary Packaging
Secondary packaging refers to the outer packaging that protects the primary containers and provides additional information. This category includes cartons and boxes, labels and tags, tamper-evident seals, inserts and leaflets, and other components that enhance product identification and information.
3. Tertiary Packaging
Tertiary packaging encompasses the outermost layer of packaging used for storage, transportation, and handling of pharmaceutical products. It includes shipping containers, pallets, stretch wraps, and shrink films, ensuring safe and efficient logistics and supply chain management.
Source: Essentials of Industrial Pharmacy, Springer
Pharmaceutical Packaging Market Size and Trends
The global pharmaceutical packaging market size was valued at USD 101.1 billion in and is expected to grow to 206.6 billion by . with a compound annual growth rate (CAGR) of 7.5% from to .
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