Sustainable Packaging Market

Sustainable Packaging Market for Pharmaceutical Industry by Eco Friendly Packaging Attributes, Type of Packaging, Type of Packaging Container, End-User and Key Geographies: Industry Trends and Global Forecasts, 2021-2035

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Pharmaceutical companies are increasingly considering sustainable solutions in order to reduce the negative impact on the environment. I believe, 10%-25% of the overall primary packaging in pharma is sustainable

-- Innovation Manager, Europe-based large company

Sustainable Packaging Market Overview

The sustainable packaging market for pharmaceutical industry is estimated to be worth $7.7 billion in 2021 and is expected to grow at compounded annual growth rate (CAGR) of 11.9% during the forecast period. The continuously growing pipeline of pharmaceutical drug candidates has inadvertently led to an increase in the demand for product packaging solutions. Further, the gradual shift of the healthcare industry from the one-drug-treats-all model to a personalized approach, coupled to the growing complexities associated with modern pharmacological interventions, has compelled packaging providers to identify innovative solutions. Since packaging material comes in direct contact with the drug, it is essential to ensure that it does not negatively impact the sterility and quality of the product. In addition, packaging provides important information related to the product, including dosing instructions. At present, most of the healthcare packaging uses plastic, which has been known to have an adverse impact on the environment. Specifically, according to the World Health Organization, over 300 million tons of plastic waste is generated, each year, by the pharmaceutical industry, of which, 50% has single-use purpose. Moreover, 85% of the trash produced by healthcare operations, including pharmaceutical and medical equipment packaging, is non-hazardous and hence, exhibits the potential to be replaced by other eco-friendly and reusable alternatives, enabling significant cost savings.  

In recent years, several healthcare stakeholders have actively undertaken initiatives to replace the conventional packaging materials with sustainable, biodegradable and recyclable alternatives, in order to reduce the environmental impact. In addition, players engaged in the healthcare packaging industry are incorporating circular economy, which facilitates greater sustainability within supply chains, to offer a systemic approach to address environmental issues. According to industry experts, currently, sustainable solutions account for 10%-25% of the total primary pharmaceutical packaging. In this regard, many companies are also developing novel green packaging solutions, paving the way for new generation of healthcare packaging options, such as plant-based packaging made from corn starch, sugarcane and cassava. It has further been observed that use of greener packaging solutions can expand customer base, given the growing consciousness to conserve environment among individuals. In fact, as per Trivium Packaging’s 2021 Global Buying Green Report, over 80% young consumers mentioned that they would be willing to pay extra for environment friendly packaging. Considering the rising demand, presently, more than 50 companies offer such green packaging solutions to the healthcare sector. It is worth mentioning that, in the past few years, substantial merger and acquisition activity has been reported in sustainable packaging market , as players strive to become one-stop-shops, to cater to the diverse needs of the healthcare sector. Given the ongoing innovation, rise in drug approvals and increase in awareness related to the harmful effects of plastic, we believe that the sustainable packaging market is likely to witness positive market growth during the forecast period.

This image highlights the context of Sustainable, Biodegradable and Eco Friendly Packaging report. Industry stakeholders are increasingly shifting their focus towards sustainable packaging products owing to the negative environmental impact of healthcare packaging waste; this has created a growing need for reusable, recyclable and biodegradable packaging solutions This image provides list of Sustainable, Biodegradable and Eco-Friendly Packaging. Presently, close to 55 companies across the globe claim to offer sustainable, biodegradable and eco-friendly packaging solutions for the healthcare sector This image presents current market landscape of Sustainable, Biodegradable and Eco Friendly Packaging. Stakeholders engaged in this domain are offering different types of packaging, some of which emanated from reusable, biodegradable or recyclable material, intended for packaging a variety of pharmaceutical products

Key Companies in Sustainable Packaging Market for Pharmaceutical Industry 

Examples of key companies engaged in sustainable packaging market for pharmaceutical industry (which have also been profiled in this market report; the complete list of companies is available in the full report) include Amcor, Berry Global, DS Smith, Gerresheimer, Huhtamaki, PGP Glass, SGD Pharma and Smurfit Kappa. This market report includes an easily searchable excel database of all the companies providing sustainable packaging for pharmaceutical industry, worldwide.

Recent Developments in Sustainable Packaging Market:

Several recent developments have taken place in the field of sustainable packaging market. We have outlined some of these recent initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall market trends that have been outlined in our analysis.

  • In April 2023, Cytiva in collaboration with TemperPack launched a recyclable packaging solution in order to replace polystyrene.

Scope of the Report

The “Sustainable Packaging Market by Eco Friendly Packaging Attributes (Biodegradable, Recyclable and Reusable), Type of Packaging (Primary Packaging, Secondary Packaging and Tertiary Packaging), Type of Packaging Container (Ampoules, Bottles, Cartridges, Syringes and Vials), Type of End-User (Biotech Companies, Pharmaceutical Companies, Research Institutes and Others) and Key Geographical Regions (North America, Europe, Asia, Middle East and North Africa, Latin America, and Rest of the World): Industry Trends and Global Forecasts, 2021-2035” market report features an extensive study of the current market landscape, market size, market forecast and future opportunities for the sustainable packaging companies engaged in offering sustainable, biodegradable and eco-friendly packaging solutions in the healthcare sector. The market research report presents an in-depth analysis, highlighting the capabilities of various stakeholders engaged in sustainable packaging market.

This image highlights competitive analysis of players engaged in the domain of Sustainable, Biodegradable and Eco Friendly Packaging. In pursuit of building a competitive edge, packaging solution providers are actively upgrading their existing capabilities to further enhance their respective portfolios This image highlights the partnership activity undertaken by players engaged in Sustainable, Biodegradable and Eco Friendly Packaging. The growing interest of stakeholders is also evident from the rise in partnership activity within this domain; in fact, the maximum number of collaborations related to sustainable packaging were inked in 2021 This image provides information about current and future demand for sustainable packaging. The increasing awareness related to environmental issues has enabled a shift in the focus of the healthcare industry towards sustainable packaging options; demand for such solutions is anticipated to rise in the future

Amongst other elements, the market research report features:

  • A detailed overview of the current market landscape of sustainable packaging companies, along with information on several relevant parameters, such as year of establishment, company size (in terms of number of employees), location of headquarters, type of company eco-friendly packaging attributes (biodegradable, recyclable and reusable), origin of packaging material (plant derived and others), type of packaging (primary packaging, secondary packaging and tertiary packaging), type of packaging container (boxes / cartons, bottles / vials, cartridges / ampoules, syringes and others), packaged drug formulations (liquid, solid, semi solid, powder and others), type of product (storage containers, drug delivery systems, surgical systems / medical devices and others), cleanroom conditions and quality certifications.
  • An in-depth analysis, highlighting the contemporary market trends using seven schematic representations, including [A] a horizontal stacked bar chart representation based on company size and type of organization, [B] a vertical grouped bar chart representation based on eco-friendly packaging attributes and geography, [C] a mekko chart representation based on type of packaging and geography, [D] a vertical stacked bar chart representation based on origin of packaging and geography, [E] a waffle chart representation highlighting the cleanroom condition and geography, [F] a 4D bubble analysis comparing the sustainable packaging companies engaged in sustainable packaging market, based on several relevant parameters (such as year of establishment, company size, type of packaging and quality certifications), [F] a grid representation illustrating the distribution of  sustainable packaging companies based on several relevant parameters (such as company size, eco-friendly packaging attributes, type of packaging, type of packaging container and geography).
  • An insightful competitiveness analysis of sustainable packaging companies based on several relevant parameters, such as service strength (in terms of years of experience of the sustainable packaging companies), and competitive index (in terms of eco-friendly packaging attributes, origin of packaging material, type of packaging, type of packaging container, packaged drug formulations, type of product, cleanroom conditions, quality certifications and partnership strength (taking into consideration the number of partnerships and type of agreement)).
  • Elaborate profiles of key sustainable packaging companies engaged in sustainable packaging market. Each company profile features a brief overview of the company, along with information on year of establishment, number of employees, location of headquarters and key executives, recent developments and an informed future outlook.
  • An analysis of recent partnerships inked between various stakeholders engaged in sustainable packaging market, during the period 2016-2021, based on several relevant parameters, based on several relevant parameters, such as year of partnership, type of partnership model adopted (mergers / acquisitions, product development agreements, product launch agreements, service alliances, supply agreements and other agreements), type of partner, most active sustainable packaging companies (in terms of number of partnerships), type of agreement and regional distribution.
  • An in-depth analysis to estimate the current and future demand for sustainable packaging, based on several relevant parameters, such as type of packaging (primary packaging, secondary packaging and tertiary packaging) and type of primary packaging containers, including (ampoules, bottles, cartridges, syringes and, vials) for the period 2021-2035. Kindly note that input parameters considered for this analysis include the existing demand for different primary packaging and their average price.

One of the key objectives of this market report is to provide a detailed market forecast analysis in order to estimate the existing market size and future opportunity of sustainable packaging market. We have also developed informed estimates on the financial evolution of the market, over the forecast period 2021-2035. Additionally, the report features the likely distribution of the current and forecasted opportunity across [A] eco-friendly packaging attributes (biodegradable, recyclable and reusable), [B] type of packaging (primary packaging, secondary packaging and tertiary packaging), [C] type of packaging container (ampoules, bottle, cartridges, syringes and vials) , [D] type of end-user (biotech companies, pharmaceutical companies, research institutes and others), and [E] key geographical regions (North America, Europe, Asia, Middle East and North Africa, Latin America and Rest of the World). In order to account for future uncertainties and add robustness to our market forecast model, we have provided three scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth.

This image provides information on the current and future market trends and potential growth of Sustainable, Biodegradable and Eco Friendly Packaging. Driven by the expected increase in the demand for sustainable, biodegradable and eco-friendly packaging in the healthcare industry, this market is poised to grow at an annualized rate of over 9%, till 2035 This image highlights the market segments of Sustainable Biodegradable and Eco Friendly Packaging. The projected future opportunity is expected to be well distributed across different types of packaging containers, end-users and key geographical regions  

The opinions and insights presented in the market report were also influenced by discussions held with multiple stakeholders in sustainable packaging market. The market research report features detailed transcripts of interviews held with the following individuals (in alphabetical order):

  • Innovation Manager, Italy-based Large Company
  • Head of Product Development / Technical Support Medical, Austria-based Large Company
  • Head of Strategic Marketing & Business Development, Germany-based Large Company
  • Chief Executive Officer, England-based Mid-sized Company
  • Head of Investor Relations and Financial Communications, Europe-based Very Large Company

All actual figures have been sourced and analyzed from publicly available information forums. Financial figures mentioned in this market research report are in USD, unless otherwise specified.

Frequently Asked Questions

Question 1: How is the market size for sustainable packaging industry?

Answer: The global sustainable packaging market is estimated to be worth USD 9.67 billion in 2024.

Question 2: What is the sustainable packaging market forecast?

Answer: The sustainable packaging market is anticipated to be worth USD 19.19 billion by 2035.

Question 3: What is the demand for sustainable packaging?

Answer: The demand for sustainable packaging is estimated to grow at an annualized growth rate (CAGR) of 6.43% during the forecast period, 2024-2035.

Question 4: Who is the major end user of sustainable packaging?

Answer: Pharmaceutical and biotechnology companies are the major end users of sustainable packaging.

Question 5: Which region has the highest share in the sustainable packaging industry?

Answer: Presently, Asia-Pacific captures 50% of the sustainable packaging market share.

Question 6: What is pharmaceutical packaging?

Answer: Pharmaceutical packaging is a set of components including vials, blisters, stoppers, cartridges and other products which envelope the drug product from the time of its production till its use by the consumers.

Question 7: What is sustainable pharmaceutical packaging / sustainable medicine packaging?

Answer: Sustainable pharmaceutical packaging is a type of packaging used in the pharmaceutical industry, that is safe for individuals as well as the environment, while maintaining all the necessary requirements for cost and ease of fabrication.

Question 8: What are the recent sustainable packaging market trends?

Answer: Presently, sustainable packaging providers are entering into several partnerships to acquire small companies and start-ups. This considerable share captured by acquisitions in this domain indicates that players are seeking opportunities to expand their respective portfolios.

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