Advanced Solutions Propel Growth in India's Pharmaceutical Packaging Market

he India pharmaceutical packaging market comprises packaging solutions and services that provide protection, identification and information to pharmaceutical drug products. Pharmaceutical packaging helps increase shelf life and prevents drug contamination. It includes primary packaging such as plastic bottles, blister packs and caps/closures and secondary packaging such as boxes, bags and wrappers. Rigid plastics dominate primary packaging due to advantages like moisture barrier properties, lower cost and ease of application. India Pharmaceutical Packaging Market Demand Secondary packaging is paper-based for economical transportation and retail shelf display. The growing generic and OTC drug markets have fueled demand for varied packaging formats. Moreover, customization and serialization requirements to counter counterfeiting have boosted novel package and label designs.

The Global India Pharmaceutical Packaging Market is estimated to be valued at US$ 1.96 Bn in 2024 and is expected to exhibit a CAGR of 11 % over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the India pharmaceutical packaging are IBM Corporation, Lucid Work Incorporation, Microsoft Corporation, Dassault Systems S.A., Oracle Corporation, X1 Technologies Inc., SAP AG, Coveo Corporation, and Attivio Software Incorporation. These players are focusing on developing serialization and track & trace solutions to meet anti-counterfeiting regulations.

The demand for pharmaceutical packaging in India is growing due to increasing spending on healthcare, rising medical tourism and growth in the generics market. Rapid urbanization and rising lifestyle diseases have also augmented the consumption of pharmaceutical drugs.

Pharmaceutical companies are expanding globally by exporting drugs to developed markets and neighboring countries. Foreign investment and ‘Make in India’ initiative are attracting global manufacturers to set up production units. This is expected to drive the demand for pharmaceutical packaging during the forecast period.

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