The study involved four major activities in estimating the current market size for pharmaceutical packaging. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various sources have been referred to for identifying and collecting information for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research. Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The pharmaceutical packaging market involves a variety of stakeholders across the value chain, including raw material suppliers, manufacturers, and end-users. For this study, both the supply and demand sides of the market were interviewed to gather qualitative and quantitative information. Key opinion leaders from various end-use sectors were interviewed from the demand side, while manufacturers and associations were interviewed from the supply side.
Primary interviews helped to gather insights on market statistics, revenue data, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped to identify trends related to grade, application, end-use industries, and region. C-level executives from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand their perspective on suppliers, products, and component providers, which will affect the overall market.
Breakdown of primary interviews
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include sales representatives, production heads, and technicians.
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Company Name
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Designation
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Berry Global Inc.
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Sales Manager
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Gerresheimer AG
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Sales Manager
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Amcor PLC
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Technical Sales Manager
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Schott AG
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Marketing Manager
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AptarGroup
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R&D Manager
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Market Size Estimation
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The top-down approach was used to estimate and validate the size of various submarkets for pharmaceutical packaging for each region. The research methodology used to estimate the market size included the following steps:
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The key players in the industry have been identified through extensive secondary research.
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The supply chain of the industry has been determined through primary and secondary research.
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The global market was then segmented into five major regions and validated by industry experts.
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All percentage shares, splits, and breakdowns based on product type, packaging type, drug delivery, raw material, and country were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis and presented in this report.
Pharmaceutical Packaging Market: Bottum-Up Approach
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Pharmaceutical Packaging Market: Top-Down Approach
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply of pharmaceutical packaging.
Market Definition
Pharmaceutical packaging can be defined as products that are used for the packaging of medicines to prevent their contamination, provide protection from harsh environmental conditions (such as moisture, snow, and others), and ensure safety throughout their shelf life. It can be categorized into two forms—primary and secondary packaging. The layer or material in direct contact with the drug is known as primary packaging, whereas the packaging used to further cover or protect the drug is secondary packaging. The primary objective of pharmaceutical packaging is to safeguard drugs from environmental factors during storage and usage, preserve the original properties of the drugs, and ensure quality assurance. It also involves providing clear identification of trademarks and comprehensive drug descriptions.
Key Stakeholders
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Manufacturers of pharmaceutical packaging
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Raw Material Suppliers
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End-use companies, pharmaceutical companies, healthcare companies
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Traders, Distributors, and Suppliers
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Regional Manufacturers’ Associations
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Government and regional Agencies and Research Organizations
Objectives of the Study:
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To analyze and forecast the pharmaceutical packaging market in terms of value and volume
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To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market
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To analyze and forecast the market by type, raw material, drug delivery, packaging type, and region
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To forecast the size of the market with respect to five regions: Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries
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To strategically analyze micro markets1 with respect to individual trends, growth prospects, and their contribution to the overall market
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To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
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Analyze competitive developments, such as mergers & acquisitions, new product launches/development, investments & expansions, and agreements & collaborations, and partnerships in the market.
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Strategically profile key players and comprehensively analyze their market shares and core competencies.
Available Customizations:
MarketsandMarkets offers the following customizations for this market report.
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Additional country-level analysis of the pharmaceutical packaging market
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Profiling of additional market players (up to 3)
Growth opportunities and latent adjacency in Pharmaceutical Packaging Market