Market Overview:

The India pharmaceutical contract packaging market is expected to exhibit a CAGR of 9.29% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Contract packaging is the process of assembling and packaging a product cost-effectively and efficiently. It involves three stages, namely primary, secondary, and tertiary, which include producing the packaging to the distribution of the product. Numerous pharmaceutical companies hire contract packagers to assemble their product and package them. These companies resort to outsourcing as they don't have enough resources and time required for the same. The contract packagers offer blister packaging, cardboard packaging, kitting, liquid dispensing and packaging, parental labelling, and sterilization.

India Pharmaceutical Contract Packaging Market Trends:

The market in India is majorly driven by the development of new packaging solutions with improved properties to fulfil the demands of various pharmaceutical companies. In line with this, the adoption of advanced technologies, such as plasma impulse chemical vapor deposition (PICVD) coating technology and radiofrequency identification technology, is creating a positive outlook for the market. Furthermore, the growing usage of plastic and polymer packaging due to the high dimensional strength and resistance to heat and flame is positively stimulating the demand for contract packaging solutions. Moreover, heavy investments by leading players in developing temperature-stable pharma packaging solutions are providing a thrust to the market. Besides this, the rising environmental concerns among the masses have led key market players to adopt environmentally friendly and sophisticated packaging solutions. Other factors, including the growing demand for generic drugs and the lack of standardized packaging solutions in the pharmaceutical sector across the country, are also projected to contribute to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India pharmaceutical contract packaging market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on industry, type and packaging.

Breakup by Industry:

• Small Molecule
• Biopharmaceutical
• Vaccine
   

Breakup by Type:

• Sterile
• Non-Sterile
   

Breakup by Packaging:

• Plastic Bottles
• Caps and Closures
• Blister Packs
• Prefilled Syringes
• Parenteral Vials and Ampoules
• Others
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: