The Sustainable Packaging Market is valued at USD 9.67 billion in 2024 growing at a CAGR of 6.43% during the forecast period 2024-2035.
The packaging process is crucial in the pharmaceutical industry, ensuring the strength and integrity of products. However, traditional packaging materials such as glass, plastic, metal, and cardboard generate a significant amount of waste, which can't decompose naturally and ends up in landfills. The increasing demand for packaging solutions due to the growing pipeline of pharmaceutical drug candidates has exacerbated the issue, with over 500 million tons of waste generated globally.
To address this challenge, packaging providers are developing innovative solutions using eco-friendly raw materials. Some companies have eliminated the need for secondary packaging altogether, such as Syreen prefilled syringes made from cyclic olefin polymer (COP). Sustainable packaging materials can decompose naturally and reduce carbon dioxide emissions, making them a more attractive option for the healthcare industry. Consumer awareness of environmental issues has led to a shift in consumer preference towards eco-friendly packaging materials. Many sustainable packaging companies are developing novel green packaging solutions using biodegradable materials like corn starch, sugarcane, cotton wool, and cassava.
However, there are challenges associated with using environmentally friendly packaging materials. For instance, they may not maintain a sterile environment or interact with the products enclosed, degrading the product. Additionally, these materials are often more expensive than traditional materials and require specialized handling. To overcome these challenges, industry players are actively developing innovative solutions.
The increasing demand for innovative solutions and investor interest in this domain has led to significant growth prospects for the sustainable packaging market during the forecast period.
Key Market Segments
Type of Eco Friendly Packaging
- Biodegradable
- Recyclable / Reusable
Type of Packaging
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Type of Packaging Container
- Ampoules
- Bottles
- Boxes
- Cartons
- Cartridges
- Pouches
- Shippers
- Syringes
- Vials
End-users
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Other End-users
Key Geographical Regions
- North America
- Europe
- Asia-Pacific
- Middle East and North Africa
- Latin America
- Rest of the World
Research Coverage:
- This report provides a comprehensive look at pharmaceutical packaging, including various types and their features, as well as sustainable packaging options. It also explores the regulatory framework, benefits, and challenges of sustainable packaging, emphasizing the need for adoption and highlighting future perspectives and opportunities.
- In-depth analysis of the current market landscape of sustainable packaging providers, featuring information on year of establishment, company size, location of headquarters, type of offering (products and services), ISO certifications / accreditations (ISO 9001, ISO 14001, ISO 15378, ISO 20400), type of packaging (primary, secondary and tertiary), type of eco friendly packaging (biodegradable, reducible, recyclable and reusable), origin of packaging material (natural and synthetic), type of packaging material used (paper, polyethylene terephthalate, plastic, glass, polyethylene and polypropylene) and packaging applications (storage containers, pharmaceutical laminates, caps and closures, drug delivery devices, surgical devices, eutectic plates, cooling bags, dosage cups). Further, this section also presents the most active players based on the number of packaging products offered.
- This profile provides detailed information on leading sustainable packaging providers, including their history, global presence, employee count, and product offerings. It also highlights their leadership team, financials, and recent developments, as well as providing a forecast for their future growth and prospects in the industry.
- This section provides concise profiles of prominent companies in the sustainable packaging market, including their company overview, establishment year, employee count, headquarters location, and leadership team. It also features financial information (if available) and a summary of their sustainable packaging offerings, providing a brief snapshot of each company's presence in the industry.
- This analysis provides an in-depth evaluation of sustainable packaging providers based on several key factors. These include company strength, measured by years of experience and size, as well as portfolio strength, encompassing the range of packaging types, offerings, and certifications. Additionally, the analysis assesses portfolio diversity, considering the variety of eco-friendly packaging options and their applications.
- This analysis examines the partnerships and collaborations formed in the sustainable packaging market from 2019 to 2024, considering various factors such as partnership year, type, and partner type. It also assesses the most active players in terms of the number of partnerships, as well as the geographical distribution of partnership activity.
- This analysis examines the funding and investments made in the sustainable packaging market from 2019 to 2024, including grants, private placements, IPOs, debt financing, and subsequent offerings. It analyzes the data by year, funding type, amount invested, geography, and leading players and investors. The study reveals trends in funding instances, amount raised, and investment patterns.
- This analysis provides a detailed forecast of the demand for sustainable packaging, segmented by type (primary, secondary, and tertiary), and further categorized by specific packaging containers (ampoules, bottles, boxes, etc.) until 2035. The study aims to provide an in-depth understanding of the market's current and future needs.
- This analysis examines the key drivers, restraints, opportunities, and challenges that influence the growth of the sustainable packaging market. It provides a comprehensive understanding of the factors that can impact the market's trajectory, enabling informed decision-making.
- This report provides a detailed estimate of the current market size and future growth potential of the sustainable packaging market from 2024 to 2035. Our analysis is based on reliable data and trends, with three forecast scenarios (conservative, base, and optimistic) to account for uncertainty. The report also breaks down the current and forecasted opportunity within the sustainable packaging industry, offering a comprehensive view of the market's evolution.
- Comprehensive projections of the current and future opportunity for sustainable packaging providers in the market across various types of eco friendly packaging, namely biodegradable and recyclable / reusable.
- Comprehensive projections of the current and future opportunity for sustainable packaging providers in the market across various types of packaging, namely primary, secondary and tertiary.
- Detailed predictions of the current and future opportunity for sustainable packaging providers in the market across various types of packaging containers, namely ampoules, bottles, boxes / cartons, cartridges, pouches, shippers, syringes and vials.
- Comprehensive predictions of the current and future opportunity for sustainable packaging providers in the market across various types of end-user, namely pharmaceutical and biotechnology companies, research institutes and other users.
- Comprehensive projections of the current and future opportunity for sustainable packaging providers in the market across key geographical regions, namely North America, Europe, Asia-Pacific, Middle East and North Africa, Latin America and Rest of the World.
Key Benefits of Buying this Report
- The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.
- Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
- The report provides stakeholders with a pulse on the Sustainable Packaging Market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.
Leading Market Companies
- Amcor
- Berry Global
- Bormioli Pharma
- Drug Plastics
DS SMITH
EPL
- Gerresheimer
- Greiner Packaging
- Huhtamaki
- International Paper
- MM Board & Paper
- Mondi
PGP GLASS
- PPC Flexible Packaging
- SGD Pharma
- Smurfit Kappa
- Stoelzle Glass
- Syntegon
- Takemoto Packaging
- Tekni-Plex