Sustainable Pharmaceutical Packaging Market Analysis & Trends

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Sustainable Pharmaceutical Packaging Market
Overview, Leading Company Analysis, Estimation,
Dynamics, Growth Outlook, New Trends and
Forecasts The global Sustainable pharmaceutical
packaging market size is projected to grow from
USD 71.6 billion in 2022 to USD 146.3 billion by
2027, at a CAGR of 15.4 during the forecast
period. The growing awareness about environmental
sustainability and the need to reduce waste has
led to an increase in demand for sustainable
packaging in the pharmaceutical industry. Also
Governments around the world are implementing
regulations to reduce the environmental impact
of packaging and to promote the use of
sustainable packaging materials are fueling the
demand for sustainable pharmaceutical packaging
market. Browse 227 market data Tables and 45
Figures spread through 286 Pages and in-depth
TOC on Sustainable Pharmaceutical Packaging
Market by Raw Material (Plastics, Paper
paperboard, Glass, Metal), Product Type, Process
(Recyclable, Reusable, and Biodegradable),
Packaging Type(Primary Packaging), and Region
Global Forecast to 2027 Download PDF Brochure
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The demand for sustainable pharmaceutical
packaging has been steadily increasing in recent
years due to various factors. Here are some key
points to consider ? Growing awareness of
environmental concerns There is an increasing
global awareness of environmental issues,
including the impact of traditional packaging
materials on ecosystems. This has led to a
rising demand for sustainable alternatives in
various industries, including pharmaceuticals. ?
Government regulations and initiatives
Governments and regulatory bodies are
implementing stricter regulations and guidelines
regarding packaging waste, recycling, and
environmental sustainability. These regulations
encourage pharmaceutical companies to adopt
sustainable packaging solutions. ? Consumer
preferences and corporate responsibility
Consumers are becoming more conscious of their
purchasing decisions and are increasingly
favoring products and brands that demonstrate
environmentally responsible practices.
Pharmaceutical companies recognize this shift
and are investing in sustainable packaging
options to meet consumer demand and enhance
their corporate image. ? Cost-effectiveness and
efficiency Sustainable packaging solutions can
often lead to cost savings in the long run. By
optimizing packaging design and reducing material
waste, pharmaceutical companies can improve
their operational efficiency and potentially
lower their overall packaging costs. ? Supply
chain considerations Pharmaceutical companies
are recognizing the importance of sustainable
practices throughout the entire supply chain,
including packaging. Sustainable packaging can
help reduce the carbon footprint associated with
transportation and logistics, contributing to
overall sustainability goals. Sustainable
Pharmaceutical Packaging Market Key
Players There are different players that operate
in the sustainable pharmaceutical packaging
market. The major market players include Schott
AG (Germany), Amcor PLC (Switzerland),
AptarGroup,Inc (US), West Pharmaceutical
Services, Inc. (US), Berry Global (US),
Gerresheimer AG (Germany), Catalent,Inc (US), and
WestRock (US). among others. Various strategies,
such as new product launch, expansion, and
product development are adopted by several
players to gain a competitive edge to increase
their global footprint and sustain growth in
sustainable pharmaceutical packaging
market. Gerresheimer AG is a leading company for
medicine packaging, drug delivery devices, and
providing solutions for pharma. The company is
primarily engaged in the manufacturing and
supply of glass and plastic packaging solutions
for the global pharmaceutical and healthcare
industries. It operates through three business
segments, namely, plastics devices, primary
packaging glass, and advanced technologies. It
conducts its pharmaceutical packaging
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business through its primary packaging glass and
plastics devices segments. The company
operates 36 manufacturing plants in 16 countries
across Europe, the Americas, and Asia. The
operations are in Mexico, Poland, Switzerland,
India, Singapore, the Czech Republic, Belgium,
Brazil, China, Denmark, France, North Macedonia,
Spain, and the US. It has more than 10,000
employees, out of which 4,504 are in the plastic
devices segment and 5,333 in the primary
packaging glass segment. Get 10 Free
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537 SCHOTT AG is a manufacturer of high-tech
materials for specialty glasses. The company
operates as a subsidiary of Carl-Zeiss-Stiftung
(Germany). It operates through four business
segments, namely, precision materials, optical
industries, home appliances, and trade others.
The packaging business is conducted through the
precision materials business division. SCHOTT AG
serves a multitude of industries, ranging from
healthcare, home appliances living, and
consumer electronics to semiconductors datacom,
optics, industry energy, automotive, and
astronomy aerospace. SCHOTT established its
subsidiary SCHOTT Pharma to advance its growth
strategy for its pharma business, especially in
pharma drug containment and delivery solutions.
SCHOTT Pharmas product portfolio ranges from
drug containment solutions to drug delivery
systems such as pharmaceutical syringes,
cartridges, vials, and ampoules, with more than
13 billion drug containers produced every year.
SCHOTT AG offers glass tubing and primary
packaging, including syringes, vials, ampoules,
and cartridges, for the pharmaceutical industry.
SCHOTT has manufacturing sites and sales offices
in 34 countries and 600 production sites in 13
countries. The company has a total of 17,300
employees working globally. Based on region,
South America is projected to register the second
highest CAGR during the forecast period. South
America is a region that is increasingly focused
on sustainability and the pharmaceutical
industry is no exception. Pharmaceutical
companies in South America are exploring
innovative ways to reduce their environmental
footprint and improve sustainability in their
packaging. In recent years, there has been a
growing interest in eco-friendly packaging
options such as biodegradable plastics,
recyclable plastics, paper-based packaging, and
reusable containers. Additionally, the regulatory
landscape in South America is becoming more
stringent with regards to environmental
protection and sustainability. Governments are
imposing stricter regulations on packaging waste
and sustainability practices, leading to a shift
towards more sustainable packaging solutions. An
increase in recycling collection processes for
waste materials can lead to the growth of the
sustainable pharmaceutical packaging market.
This is because recycling can help to reduce the
amount of waste generated by the pharmaceutical
industry and promote the use of environmentally
friendly packaging materials.
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• The report provides insights on the following
  pointers
• Market Penetration Comprehensive information on
  the product portfolios of the top players in the
  Sustainable Pharmaceutical Packaging market.
• Product Development/Innovation Detailed insights
  on the upcoming technologies, RD activities,
  and product launches in the market.
• Competitive Assessment In-depth assessment of
  the market strategies, geographic and business
  segments of the leading players in the market.
• Market Development Comprehensive information
  about emerging markets. This report analyzes the
  market for various segments across geographies.
• Market Diversification Exhaustive information
  about new products, untapped geographies, recent
  developments, and investments in the Sustainable
  Pharmaceutical Packaging market.
• Why Choose MNM?
• Authentic Method To ensure high-level data
  integrity, accurate analysis, and impeccable
  forecasts
• Agile Approach A faster and efficient way to
  cater to the needs with continuous iteration