The global pharmaceutical printed cartons market is expected to register a market value of US$ 181.4 billion in 2023 and is projected to accumulate a valuation of US$ 310 billion by exhibiting a CAGR of 5.5% in the forecast period 2023 to 2033. The Pharmaceutical Printed Cartons market registered a growth of 4.2% CAGR in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 181.4 billion |
| Projected Market Value in 2033 | US$ 310 billion |
| Growth Rate (2023 to 2033) | 5.5% CAGR |
The thriving growth in the e-commerce sector is fuelling growth in the pharmaceutical printed cartons market since these are widely used for the packaging of medicines that are transported through online platforms. Most consumers across the globe are choosing e-commerce platforms as their shopping point for better convenience which is fuelling up product demand.
Due to this, the demand for printed carton packaging solutions is experiencing a sharp rise. Several pharmaceutical companies prefer to outsource the work for packaging the medicines as it is a vital aspect of keeping the drugs safe for use. Furthermore, people also prefer products that feature good interface, hygiene, and safety.
Along with this, the demand for a pharmaceutical printed carton is also increasing due to intense competition in the pharmaceutical industry. These cartons provide extra space for regulatory information and brand advertisement, which is limited to small bottles, vials, and containers.
The introduction of tamper-evident and child-proof packaging is the latest innovation in the printed pharmaceutical packaging market. These properties are achieved through a combination of material technology like strength properties and design, which is further fuelling the demand for pharmaceutical printed cartons.
The growth of the market is also credited to the numerous benefits of printed cartons like rigidity, flexibility, and excellent printability. Due to these features, the printed carton is being used for packaging purposes of pharmaceutical products like tablets, pills, syrup, etc.
On the other hand, government bans have restricted the use of single-use plastic packaging which has led to increased awareness of consumers towards sustainability. This has led to the adoption of eco-friendly and non-plastic packaging by manufacturing companies which will aid in market growth.
In addition, the rising practice of including anti-counterfeit measures in pharmaceutical packaging due to rising cases of counterfeiting is offering many opportunities for market expansion. There is also space for labeling on pharmaceutical printed cartons which helps in improving the product authenticity. Customized labels with cost efficiency and sustainability are the major features of these cartons that will augment market growth during the forecast period. The use of radio-frequency identification (RFID) smart labeling technology to prevent product duplication in the pharmaceutical market will further drive market growth.
Region-wise, Asia Pacific is expected to register the fastest CAGR of 5.4% during the projected period. Increasing health awareness among consumers especially in developing countries including India and China, along with the inflating disposable income levels is expected to boost the growth of the pharmaceutical sector which will positively influence the demand for its packaging. China is expected to lead the regional market and due to rising government initiatives, such as Healthy China 2020, expanding contract-manufacturing activities, and an ever-increasing aging population.
The market in Europe is anticipated to witness a significant CAGR of 5.2% during the forecast period. Factors such as increasing research & development activities and the advent of new medicines aimed at improving patient health and quality of life will drive market growth in this region.
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Recent developments and breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing Pharmaceutical Printed Cartons are expected to create lucrative opportunities for market growth during the forecast period.
The global Pharmaceutical Printed Cartons market is expected to increase at a growth rate of around 7.5% to 8% during the forecast period
The pharmaceutical printed cartons market, folding boxboard material segment, and solid unbleached material segment revenue witnessed a significant share in 2021, according to the Annual Market Analysis conducted by Future Market Insights
Principal Consultant
The pharmaceutical industry is coming up with re-engineered packaging solutions now and then, printed pharmaceutical boxes meeting all the industry requirements are globally accepted. The printed carton boxes protect the pharmaceutical drugs & medicines packed inside from dust, moisture and temperature fluctuations, specially designed to solve the logistical problems and storage problems faced by the pharmaceutical industry.
Overall due to the exponential growth of the pharmaceutical sector and the demand for medicines witnessing growth is set to expand the pharmaceutical printed cartons market worldwide.
The pharmaceutical printed cartons provide advertising space to the manufacturers and marketers to print information about the product, expiry date and the barcode on boxes allows to store and transport the products easily. Printed cardboard boxes are manufactured in various sizes, colours to suit the packaging needs for packaging pills, capsules, vaccinations and droplets.
By usage of pharmaceutical printed boxes, the product safety is ensured and it is prevented from any kind of tampering while transiting. All these factors contribute towards the growth of the pharmaceutical printed cartons market.
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The Inks used to print on the pharmaceutical cartons is made from harmful chemicals and harms the environment, also laminated paperboard has plastic coatings and is only partially recyclable adding to the waste generated by the pharmaceutical industry. Despite a few limitations pharmaceutical printed cartons market will witness overall growth.
The pharmaceutical printed cartons come with leak-proof and water-resistant features along with a premium look and feel that is trending among modern consumers. Manufacturers of cartons are producing packaging cartons in compliance with all the international safety standards for pharmaceutical packaging. Also, the cartons made from paperboard are easily recyclable and fit for re-use.
All the above-mentioned factors ensure the future growth of the pharmaceutical printed carton market.
Key Market Players in Asia-Pacific Region of Pharmaceutical Printed Cartons Market:-
The rising demand for counter drugs and medicines in the country and a developed healthcare system is offering a boost to the pharmaceutical printed carton market in the USA. An increasing number of pharmaceutical manufacturers in the country and also, the growing demand for attractive packaging and safekeeping solutions make the USA a major market for the pharmaceutical printed carton market.
The world’s biggest and most innovative pharmaceutical companies are located in Germany, along with that the health-conscious consumer base resulting in large demand for medicines & healthcare supplements. Demand for drugs produced in-country in all parts of the world makes Germany an advanced market for the pharmaceutical printed cartons market.
The rapid expansion of the pharmaceutical and packaging industry in the fastest countries, growth of government healthcare system and increasing reach till untapped rural masses, makes India a lucrative as a well important market for pharmaceutical printed carton market. The increasing number of manufacturers and easy availability of paperboard and raw materials makes China also a major market.
During the spread of the deadly Covid-19 virus in all parts of the world, all the countries were forced to impose a lockdown and all the manufacturing & logistics activities apart from the essential services were closed. But the demand for pharmaceutical drugs and medicines was recorded at an all-time high during the pandemic period, as the demand for over the counter medicines, vaccines and healthcare supplements went up.
Along with the increase in demand for pharmaceutical products, the demand for packaging solutions for pharmaceutical products also witnessed a sharp rise. Despite the outbreak of the deadly virus, the global pharmaceutical printed carton market recorded growth and is expected to record growth over the forecasted period of time.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Folding Type 6.2. Material 6.3. Application 7. Global Market Analysis and Forecast, By Folding Type 7.1. Full Sealed End 7.2. Tuck Top Snap Lock Bottom 7.3. Reverse Tuck End 7.4. Tuck Top Auto Bottom 7.5. Straight Tuck End 8. Global Market Analysis and Forecast, By Material 8.1. Solid Bleached Board 8.2. Folding Boxboard 8.3. White Line Chipboard 8.4. Solid Unbleached Board 9. Global Market Analysis and Forecast, By Application 9.1. Pills 9.2. Tablet 9.3. Syrup 9.4. Liquid Drops 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Folding Type, Material, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Essentra plc 20.2. CCL Industries 20.3. 3C! Packaging, Inc. 20.4. Keystone Folding Box Co. 20.5. Origin Pharma Packaging 20.6. Kane Packaging & Printing, Inc. 20.7. Körber AG 20.8. Online Print & Pack Private Limited 20.9. Raja Tradelinks Pvt. Ltd. 20.10. Packman Packaging Private Limited 20.11. Earth India 20.12. MrPaperCup 20.13. Shree Creations 20.14. Velpack Pvt Ltd
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Pharmaceutical Printed Cartons Market
