Europe Pharmaceutical Packaging Materials Market To Reach $13.83 Billion By 2030

Europe Pharmaceutical Packaging Materials Market Growth & Trends

The Europe pharmaceutical packaging materials market size is expected to reach USD 13.83 billion by 2030, registering a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technological advancements are projected to positively impact the demand. The quality of packaging facilitates easy handling safety of the pharmaceuticals, especially during storage and transportation. Rising environmental awareness and stringent regulatory framework are other factors anticipated to create growth opportunities in near future.

Growth of the Europe market is likely to be driven by the increasing consumption of medicines owing to the rise in the aging population, mainly in countries, such as Italy, Germany, and others. Factors such as regulatory interventions to reduce plastic waste and an increase in the usability of pharmaceutical packaging have driven manufacturers toward adopting bioplastics and recycled plastic materials from waste as a substitute for virgin plastic.

The market is expected to witness a growth of 7.7% over the forecast period, owing to rising product demand from various from various application such as plastic bottles, blister packs, labels and accessories, caps and closures, medical specialty bags, and others. Rising demand for plastic bottles and blister packs is significantly driving the regional market growth.

 Request a free sample copy or view report summary: Europe Pharmaceutical Packaging Materials Market Report

Europe Pharmaceutical Packaging Materials Market Report Highlights

• Polypropylene (PP) dominated the market with the largest revenue share of 26.8% in 2023. The material is known for its high tensile strength, low moisture absorption, sterilization, and reusability.

• The Polyvinyl Chloride (PVC) segment is expected to grow substantially during the forecast period owing to the material’s excellent chemical resistance, durability, and flexibility.

• Plastic bottles accounted for the dominant market share in 2023 owing to versatility and durability. They are widely used for packaging liquid medications such as syrups, nasal sprays, ophthalmic solutions, and lotions due to their excellent barrier properties, which protect the contents from moisture, light, and contamination.

• Blister packs are projected to grow at a CAGR of 9.3% during the forecast period with the increasing demand for secure and tamper-evident packaging.

• The Germany pharmaceutical packaging materials market led the European market, holding the largest revenue share of 22.4% in 2023.

Europe Pharmaceutical Packaging Materials Market Segmentation

Grand View Research has segmented europe pharmaceutical packaging materials market report based on material, application, and country:

Europe Pharmaceutical Packaging Materials Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• High-Density Polyethylene (HDPE)

• Low-Density Polyethylene (LDPE)

• Polyester (PE)

• Polypropylene (PP)

• Polyvinyl Chloride (PVC)

• Polyethylene Terephthalate (PET)

Europe Pharmaceutical Packaging Materials Application Outlook (Revenue, Kilotons, USD Million, 2018 - 2030)

• Plastic Bottles

• Blister Packs

• Labels & Accessories

• Caps & Closures

• Medical Specialty Bags

• Pre-Filled Syringes

• Ampoules

• Jars & Canisters

• Other

Europe Pharmaceutical Packaging Materials Country Outlook (Revenue, Kilotons, USD Million, 2018 - 2030)

• Germany

• UK

• France

• Italy

• Russia

List of Key Players of Europe Pharmaceutical Packaging Materials Market

• Sumitomo Chemical Co., Ltd.

• Arkema

• MOL GROUP

• Eastman Chemical Company

• Dow

• Exxon Mobil Corporation

• Formosa Plastics Corporation, U.S.A.

• Covestro AG

• Toray Industries, Inc.

• Mitsubishi Chemical Europe GmbH

• LyondellBasell Industries Holdings B.V.

• Solvay