Europe Pharmaceutical Packaging & Labeling (Primary, Secondary, Tertiary) Market Insights Report 2023-2028 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Europe Pharmaceutical Packaging & Labeling Market – Focused Insights 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The Europe pharmaceutical packaging & labeling market was valued at $27.04 billion in 2022 and is projected to reach $35.78 billion in 2028, with a compound annual growth rate (CAGR) of 4.78%.

This report offers market size & forecast data for the pharmaceutical packaging & labeling market in Europe. The revenue generated from the sale of pharmaceutical packaging materials and products are included in the report. Revenue generated by service providers are excluded from the scope of the report.

This report provides a comprehensive and current market scenario of the Europe pharmaceutical packaging & labeling market, including the Europe pharmaceutical packaging & labeling market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present pharmaceutical packaging & labeling market and its market dynamics for 2023-2028 in Europe. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

MARKET DEFINITION

Pharmaceutical packaging is the packaging process for pharmaceutical preparations, and it is an integral part of the pharmaceutical product. Packaging often involves dosing, dispensing, and using the pharmaceutical product. Pharmaceutical Labeling refers to the process of adding labels to pharmaceutical products to facilitate the identification and understanding of important information for end-users.

KEY HIGHLIGHTS

• Globally, in 2022, Europe dominated the market with 27.00% due to a rise in demand for prescription drugs, advancements in designing and printing of labels, presence of leading key vendors, high investments, high pharmaceutical sales, high R&D expenditures on pharmaceuticals, a rise in the geriatric population, increasing demand for pharmaceuticals, and government initiatives.
• Under the packaging segmentation, the primary packaging segment accounted for the highest share of 70.40% in 2022 and is projected to grow at the highest CAGR of 5.01% during the forecast period, which can be attributed to the growing demand for blister packs, bottles, vials, ampoules, sachet, pouches, and bags with the growing demand for pharmaceuticals in Europe.
• Based on material segmentation, the paper segment accounted for the highest share of 39.76% in 2022 and is projected to grow at a CAGR of 4.80% during the forecast period, which can be attributed to the growing demand for recyclable material for pharmaceutical packaging.
• Based on end-user segmentation, the pharmaceutical companies segment accounted for the highest share of 45.99% in 2022 and is projected to grow at the highest CAGR of 5.27% during the forecast period, which can be attributable to the presence of large pharmaceutical companies, growing demand for branded drugs, OTC medicines, and specialty medicine.
• Amcor, Aptar Group, Berry Global, Laser Gerresheimer, and WestRock are the leading players in the Europe Pharmaceutical Packaging market. The market offers tremendous growth opportunities for existing and future/emerging players because of innovations in oncology, autoimmune and diabetes treatment, chronic ailments, and rare diseases.

KEY VENDORS LIST

• Amcor
• Aptar
• Berry Global
• Gerresheimer
• WestRock Pharmaceuticals
• Avery Dennison
• CCL Industries
• Essentra
• 3M Company
• SATO
• ACG
• Airnov
• Becton, Dickinson and Company (BD)
• Bilcare
• Borosil
• Drug Plastic Group
• DWK Life Sciences
• Meghmani Group
• Nolato
• Nemera
• Renolit
• Specialty Polyfilms
• Vetter
• Korber
• Consolidated Label Co.,
• Multi-Color Corp

REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECAST

Packaging type

• Primary
• Secondary
• Tertiary

Material type

• Paper
• Glass
• Plastic
• Others
• End-user type

Pharmaceuticals & Biotech Companies

• CMOs/CDMOs
• Others
• Label type
• Pressure-Sensitive Labels
• Sleeve Labels
• Others

Application

• Instructional
• Decorative
• Functional
• Promotional
• Others

Product type

• Bottles, Containers & Jars
• Ampoules & Vials
• Strips & Blisters
• Others

MARKET STRUCTURE

• Market Dynamics
• Competitive Landscape of Pharmaceutical packaging & Labeling Market
• Key Vendors
• Other Prominent Vendors

For more information about this report visit https://www.researchandmarkets.com/r/ddxvpo

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