Global adherence packaging market is estimated to be valued at USD 1.05 Bn in 2024 and is expected to reach USD 1.66 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 1.05 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
6.80% |
2031 Value Projection: |
US$ 1.66 Bn |
Figure. Adherence Packaging Market Share (%), By Region, 2024
Adherence packaging refers to the packaging of pharmaceutical dosage forms in a sequential manner for enhancing patient compliance. It involves organizing medication doses in blister packs or strips with frequent reminders on their timings. The key aspect is to simplify medication taking and reduce the number of dose-taking errors. Factors such as rising aging population, increasing prevalence of chronic diseases, and growing need to improve treatment outcomes boosts demand for adherence packaging solutions globally. Moreover, technological advancements in packaging designs have made them more user-friendly for aged and disabled patients.
Market Dynamics:
Unit-dose packaging formats within adherence packaging are highly prevalent as these offer precise quantity of drugs for each intake. However, increasing production costs associated with multi-layer packaging could hamper the market growth during the forecast period. Emergence of combination therapies for chronic conditions presents significant opportunities for adherence packaging manufacturers. These manufacturers can design innovative unit-dose packs to accommodate co-administered drugs. The implementation of tracking features like RFID tags, QR codes, and smart sensors allows monitoring medication consumption patterns remotely, thus, improving patient outcomes. These features are expected gain immense popularity. Stringent regulations pertaining to child-resistant packaging and senior-friendly designs might restrict business strategies of certain vendors to an extent.
Key Features of the Study:
- This report provides in-depth analysis of the global adherence packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global adherence packaging market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include, Westrock Company, Keystone Folding Box Co., Cardinal Health Inc., Omnicell Inc., Jones Healthcare Group, Drug Package LLC, Parata Systems LLC, Manrex Limited, Medicine-On-Time LLC, Rx Systems Inc., AARDEX Group, Becton, Dickinson and Company, Talyst, TCGRx, McKesson Corporation, KUKA AG, Pearson Medical Technologies LLC.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global adherence packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global adherence packaging market.
Detailed Segmentation-
- By Material:
- Plastic
- PE
- PET
- PVC
- PP
- Paper and Paperboard
- Aluminum
- Others
- By Type:
- Unit-dose Packaging
- Multi-dose Packaging
- By Packaging Type:
- By End User:
- Pharmacies
- Hospitals
- Other End Users
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Westrock Company
- Keystone Folding Box Co.
- Cardinal Health Inc.
- Omnicell Inc.
- Jones Healthcare Group
- Drug Package LLC
- Parata Systems LLC
- Manrex Limited
- Medicine-On-Time LLC
- Rx Systems Inc.
- AARDEX Group
- Becton
- Dickinson and Company
- Talyst
- TCGRx
- McKesson Corporation
- KUKA AG
- Pearson Medical Technologies LLC