India Pharmaceutical Packaging Market Report by Material Type (Plastic, Glass, and Others), Product Type (Bottles, Vials and Ampoules, Syringes, Tubes, Caps and Closures, Pouches, Labels, and Others), End User (Pharma Manufacturing, Contract Packaging, Retail Pharmacy, Institutional Pharmacy), and Region 2024-2032
The India pharmaceutical packaging market size reached US$ 1,787.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,196.6 Million by 2032, exhibiting a growth rate (CAGR) of 6.67% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,787.9 Million
Market Forecast in 2032
US$ 3,196.6 Million
Market Growth Rate 2024-2032
6.67%
Pharmaceutical packaging aids in the storage, protection, traceability, and identification of different pharmaceutical products. It involves primary packaging that safeguards medicinal products from environmental, chemical, mechanical and other hazards. It also includes secondary packaging that provides information about different drugs and tertiary packaging, which prevents damage to products and assists in bulk handling and shipping. Some of the commonly used pharmaceutical packaging in India are ampoules, bottles, vials, blister packs, and sachet packaging.
India Pharmaceutical Packaging Market Trends:
The increasing prevalence of chronic diseases, such as diabetes, cancer, and cardiovascular and respiratory diseases, represents one of the key factors bolstering the growth of the market in India. Moreover, the Government of India has introduced the Production Linked Incentive (PLI) scheme for encouraging domestic manufacturing of critical key starting materials (KSMs)/ drug intermediates (DIs) and active pharmaceutical ingredients (APIs) to reduce import dependence. It is also establishing health and wellness centres (HWCs) to deliver comprehensive primary health care (CPHC) that cover non-communicable diseases and maternal and child health services, comprising free essential drugs and diagnostic services. Furthermore, increasing exports of generic medicines and other pharmaceutical products, coupled with the rising adoption of new regulatory standards for packaging recycling, is positively influencing the market. Apart from this, the development of child-resistant packaging (CRP), which can minimize the risk of poisoning among children through the ingestion of prescription drugs and over the counter (OTC) medicines, is projected to stimulate the market growth in India.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India pharmaceutical packaging market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on material type, product type and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, AptarGroup Inc., EPL Limited, Huhtamaki PPL Ltd, Nipro Corporation, Parekhplast India Limited, SCHOTT Pharmaceutical Packaging, SGD Pharma, UFlex Limited and West Pharmaceutical Services Inc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Material Type, Product Type, End User, Region
Region Covered
North India, West and Central India, South India, East India
Companies Covered
Amcor plc, AptarGroup Inc., EPL Limited, Huhtamaki PPL Ltd, Nipro Corporation, Parekhplast India Limited, SCHOTT Pharmaceutical Packaging, SGD Pharma, UFlex Limited and West Pharmaceutical Services Inc.
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)
Key Questions Answered in This Report
We expect the India pharmaceutical packaging market to exhibit a CAGR of 6.67% during 2024-2032.
The increasing prevalence of several chronic diseases, along with the rising application of pharmaceutical packaging for storing, protecting, and identifying different pharmaceutical products, is primarily driving the India pharmaceutical packaging market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of pharmaceutical packaging solutions, owing to the escalating sales of numerous medicines and nutritional supplements for boosting the immunity against the coronavirus infection.
Based on the material type, the India pharmaceutical packaging market can be divided into plastic, glass, and others. Currently, plastic exhibits a clear dominance in the market.
Based on the product type, the India pharmaceutical packaging market has been categorized into bottles, vials and ampoules, syringes, tubes, caps and closures, pouches, labels, and others. Among these, vials and ampoules currently account for the largest market share.
Based on the end user, the India pharmaceutical packaging market can be segmented into pharma manufacturing, contract packaging, retail pharmacy, and institutional pharmacy. Currently, pharma manufacturing holds the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India pharmaceutical packaging market.
Some of the major players in the India pharmaceutical packaging market include Amcor plc, AptarGroup Inc., EPL Limited, Huhtamaki PPL Ltd, Nipro Corporation, Parekhplast India Limited, SCHOTT Pharmaceutical Packaging, SGD Pharma, UFlex Limited, and West Pharmaceutical Services Inc.
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