The sustainable pharmaceutical packaging market is a growing industry that focuses on reducing the environmental impact of pharmaceutical packaging. The pharmaceutical industry is a major contributor to plastic waste, with millions of tons of packaging waste generated each year. Sustainable pharmaceutical packaging aims to reduce this waste and create more environmentally friendly packaging options.

The global Sustainable pharmaceutical packaging market size is projected to grow from USD 71.6 billion in 2022 to USD 146.3 billion by 2027, at a CAGR of 15.4% during the forecast period. The growing awareness about environmental sustainability and the need to reduce waste has led to an increase in demand for sustainable packaging in the pharmaceutical industry.

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Sustainable packaging solutions in the pharmaceutical industry can be achieved through the use of eco-friendly materials such as biodegradable plastics, recyclable materials, and reusable containers. These options can help reduce the carbon footprint of the pharmaceutical industry and promote a more sustainable approach to packaging.

In recent years, there has been a growing awareness among pharmaceutical companies and consumers about the need to reduce waste and adopt more sustainable packaging practices. This has led to the development of various sustainable packaging options, such as eco-friendly blister packs, recycled paper packaging, and biodegradable plastic containers.

The sustainable pharmaceutical packaging market is expected to continue to grow as more companies adopt sustainable packaging practices and consumers demand more environmentally friendly products. As a result, the pharmaceutical industry is likely to see an increase in sustainable packaging options, which can help reduce waste, lower costs, and improve environmental sustainability.

 Sustainable Pharmaceutical Packaging Market Key Players

There are different players that operate in the sustainable pharmaceutical packaging market. The major market players include Schott AG (Germany), Amcor PLC (Switzerland), AptarGroup,Inc (US), West Pharmaceutical Services, Inc. (US), Berry Global (US), Gerresheimer AG (Germany), Catalent,Inc (US), and WestRock (US).  among others. Various strategies, such as new product launch, expansion, and product development are adopted by several players to gain a competitive edge to increase their global footprint and sustain growth in sustainable pharmaceutical packaging market.

Gerresheimer AG is a leading company for medicine packaging, drug delivery devices, and providing solutions for pharma. The company is primarily engaged in the manufacturing and supply of glass and plastic packaging solutions for the global pharmaceutical and healthcare industries. It operates through three business segments, namely, plastics & devices, primary packaging glass, and advanced technologies. It conducts its pharmaceutical packaging business through its primary packaging glass and plastics & devices segments. The company operates 36 manufacturing plants in 16 countries across Europe, the Americas, and Asia. The operations are in Mexico, Poland, Switzerland, India, Singapore, the Czech Republic, Belgium, Brazil, China, Denmark, France, North Macedonia, Spain, and the US. It has more than 10,000 employees, out of which 4,504 are in the plastic & devices segment and 5,333 in the primary packaging glass segment.

SCHOTT AG is a manufacturer of high-tech materials for specialty glasses. The company operates as a subsidiary of Carl-Zeiss-Stiftung (Germany). It operates through four business segments, namely, precision materials, optical industries, home appliances, and trade & others. The packaging business is conducted through the precision materials business division. SCHOTT AG serves a multitude of industries, ranging from healthcare, home appliances & living, and consumer electronics to semiconductors & datacom, optics, industry & energy, automotive, and astronomy & aerospace. SCHOTT established its subsidiary SCHOTT Pharma to advance its growth strategy for its pharma business, especially in pharma drug containment and delivery solutions. SCHOTT Pharma’s product portfolio ranges from drug containment solutions to drug delivery systems such as pharmaceutical syringes, cartridges, vials, and ampoules, with more than 13 billion drug containers produced every year. SCHOTT AG offers glass tubing and primary packaging, including syringes, vials, ampoules, and cartridges, for the pharmaceutical industry. SCHOTT has manufacturing sites and sales offices in 34 countries and 600 production sites in 13 countries. The company has a total of 17,300 employees working globally.

"Based on process, reusable is projected to register the third highest CAGR"

The demand for reusable packaging solutions is expected to increase at a faster rate than other sustainable packaging processes over a given period. Reusable packaging solutions are gaining popularity due to their cost-effectiveness, durability, and reduced environmental impact compared to single-use packaging options. The reusable packaging process involves designing and manufacturing packaging that can be used multiple times before being recycled or disposed of.

The growing consumer demand for sustainable packaging options, coupled with increasing environmental concerns and regulations, is driving the adoption of reusable packaging solutions. As a result, the reusable packaging process is expected to experience significant growth in the coming years, making it a key focus for companies looking to adopt sustainable packaging practices and reduce their environmental footprint.

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"Sustainable Pharmaceutical Packaging Market Regional growth"

North America is expected to dominate the sustainable pharmaceutical packaging market due to the increasing demand for eco-friendly packaging and rising awareness of environmental concerns. The United States is one of the major contributors to the growth of this market in North America, as the country has been making significant efforts to reduce its environmental footprint in recent years.

Europe is also expected to see significant growth in the sustainable pharmaceutical packaging market due to the implementation of strict regulations and policies related to waste reduction and sustainability. Several European countries have implemented ambitious targets to reduce plastic waste, which is expected to drive the demand for sustainable packaging options in the pharmaceutical industry.

The Asia-Pacific region is also expected to experience significant growth in the sustainable pharmaceutical packaging market, primarily due to the increasing awareness of environmental concerns and growing demand for sustainable packaging solutions. Countries such as China and India are expected to drive the growth of the sustainable pharmaceutical packaging market in the region due to their large population and rapidly growing pharmaceutical industries.