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India Pharmaceutical Packaging Market Analysis

The India Pharmaceutical Packaging Market size is estimated at USD 4.73 billion in 2024, and is expected to reach USD 7.18 billion by 2029, growing at a CAGR of 8.72% during the forecast period (2024-2029).

Pharmaceutical packaging uses materials designed to transfer and store pharmaceutical drugs safely. These materials are selected based on the drugs' characteristics, aiming to safeguard, identify, and maintain the integrity of the enclosed product. The packaging process ensures that the drugs are protected from external factors such as contamination, physical damage, and environmental conditions, which could potentially compromise their efficacy and safety. Pharmaceutical packaging is crucial in providing essential information about the drug, including dosage instructions and regulatory compliance details.

• Pharmaceutical drugs face various hazards, spanning mechanical, chemical, biological, and climatic risks. They are packaged using multiple materials, including plastics, paper, glass, and metal, and tailored to different delivery methods, such as oral, pulmonary, injectable, transdermal, topical, interventional, nasal, and ocular.
• The Indian government has implemented extensive and ongoing reforms to bolster the pharmaceutical industry, unveiling policies to foster foreign direct investments (FDI). As part of the Aatmanirbhar Bharat Abhiyaan initiative, the government has introduced a range of short- and long-term measures to fortify the health system. These include implementing Production-linked Incentive (PLI) schemes specifically designed to enhance domestic pharmaceutical and medical device manufacturing. Moreover, India is actively positioning itself as a destination for spiritual and wellness tourism, leveraging its strengths in Ayurveda and yoga practices. These strategic moves are poised to impact the market studied significantly.
• The pharmaceutical packaging market in India is under increasing scrutiny for its impact on ecosystems and human health, given the escalating environmental concerns. The push for sustainability in the pharmaceutical industry is not just about reducing its carbon footprint but also about safeguarding ecosystems and public health for the long haul, especially in a country like India. The demand for eco-friendly and sustainable pharmaceutical packaging solutions is growing rapidly, driven by the need to address these environmental challenges effectively.
• Moreover, supplier bargaining power directly impacts pricing and quality, thereby dictating the value chain and, ultimately, the products and services delivered to consumers. As a supplier's power grows, so do the costs of raw materials, subsequently elevating the final product's price tag.
• The Indian pharmaceutical industry was already a major global player known for its generic drug manufacturing. The increasing demand for pharmaceutical products both domestically and internationally drove the need for diverse and advanced packaging solutions. The development and distribution of COVID-19 vaccines required specialized packaging solutions, including vials, syringes, and cold chain packaging, to ensure safe and effective delivery. According to the Ministry of Health and Family Welfare (India), the Indian state of Utter Pradesh reported the highest number of administered doses of the vaccine against the coronavirus as of November 13, 2023.

India Pharmaceutical Packaging Industry Segmentation

Pharmaceutical packaging is the packaging process for pharmaceutical products. The packaging material can be of several raw materials, such as glass and plastic, and its application depends on the reactivity of the pharmaceutical products to be packaged. The report provides a granular view of the pharmaceutical packaging industry in India with a breakdown of segments by product type and material type. The market is defined by the revenue accrued from the sales of different pharmaceutical packaging products offered by various vendors operating in the market.

The Indian pharmaceutical packaging market is segmented by material type (plastic, glass, and other material types) and product type (bottles, vials and ampoules, syringes, tubes, caps and closures, pouches and bags, labels, and other product types). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.