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The market size of the global pharmaceutical packaging industry is expected to reach US$111 billion in 2021

2021-11-04

China Packaging Information Network Yesterday

Pharmaceutical packaging materials refer to materials used to meet product packaging requirements such as manufacturing packaging containers, packaging decoration, packaging printing, packaging and transportation. It includes metal, plastic, glass, ceramics, paper, bamboo, wild mushrooms, and natural fibers. , Chemical fibers, composite materials and other major packaging materials, as well as auxiliary materials such as coatings, adhesives, strapping, decoration, and printing materials.


The metal packaging include the collapsible aluminum Squeeze tubes, plastic tube is the important of plastic packaging, be widely used in cosmetics, skincare, pharmaceutical and foods etc.


Lisson tube make aluminum squeeze tubes and plastic squeeze tubes for pharmaceutical and cosmetics since 2013. they offer all kinds of sustainable packaging.


The global pharmaceutical packaging materials industry has a high degree of concentration. Companies in developed countries occupy a major market share in the industry, and their product types, technical levels, and research and development capabilities are all at the leading level in the industry. In 2018, the market size of the global pharmaceutical packaging industry reached 94.1 billion U.S. dollars, with an average annual compound growth rate of 5.65% from 2016 to 2018, and is expected to reach a market size of 111 billion U.S. dollars in 2021.


As one of the world's largest emerging pharmaceutical markets, the pharmaceutical packaging materials industry in emerging markets such as the Asia-Pacific region is in a growth stage, and its growth rate is higher than that of other regions.


On the one hand, the economic development speed of emerging markets in the past ten years is higher than the global average. Multinational pharmaceutical companies have gradually regarded emerging markets as an important growth point for their product sales, and invested a lot of funds and resources to develop business in emerging markets;


On the other hand, the cost of human resources in emerging markets is much lower than in Europe and the United States. Both those involved in product technology research and development or those engaged in product marketing have significant cost advantages. Countries such as China and India will become the fastest growing in the world. Pharmaceutical packaging materials market.

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