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India Pharmaceutical Contract Packaging Market Report by Industry (Small Molecule, Biopharmaceutical, Vaccine), Type (Sterile, Non-Sterile), Packaging (Plastic Bottles, Caps and Closures, Blister Packs, Prefilled Syringes, Parenteral Vials and Ampoules, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6041
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Market Overview:
The India pharmaceutical contract packaging market size is expected to exhibit a growth rate (CAGR) of 8.01% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023 |
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Growth Rate (2024-2032) | 8.01% |
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 segment of the India pharmaceutical contract packaging market report, along with forecasts at the country and regional levels from 2024-2032. 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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Industry, Type, Packaging, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India pharmaceutical contract packaging market to exhibit a CAGR of 8.01% during 2024-2032.
The growing adoption of plastic and polymer packaging, owing to their high dimensional strength and resistance to heat and flame, is primarily driving the India pharmaceutical contract packaging market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing requirement for pharmaceutical contract packaging for assembling and packaging medicines and vaccines, to mitigate the spread of the coronavirus infection.
Based on the industry, the India pharmaceutical contract packaging market can be categorized into small molecule, biopharmaceutical, and vaccine. Among these, the small molecule industry accounts for the majority of the total market share.
Based on the type, the India pharmaceutical contract packaging market has been segregated into sterile and non-sterile, where sterile currently holds the largest market share.
Based on the packaging, the India pharmaceutical contract packaging market can be bifurcated into plastic bottles, caps and closures, blister packs, prefilled syringes, parenteral vials and ampoules, and others. Currently, plastic bottles exhibit a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India pharmaceutical contract packaging market.
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