India Pharmaceutical Packaging Emerging as Global Leader in Pharmaceutical Packaging

 

India Pharmaceutical Packaging
India Pharmaceutical Packaging

Growth of Pharmaceutical Industry in India

India has emerged as one of the leading countries in pharmaceutical sector in recent years. As per recent reports, India contributes around 3.5% of global pharmaceutical production in terms of volume and about 10% of global export in terms of value. With strong manufacturing capabilities and cost competitiveness, India has achieved self-sufficiency in producing 60,000 generic brands across 60 therapeutic categories. With growing domestic demand and rapid emergence of chronic diseases, demand for pharmaceutical products is rising at a fast pace in India. Additionally, many India pharmaceutical packaging market have established themselves as global players by catering to markets in US, Europe, Africa and Asian countries. This consistently high growth pharmaceutical sector has also fuelled the demand for high quality and innovative packaging solutions in India.

Growth of Pharmaceutical Packaging Industry in India

To support the burgeoning pharmaceutical industry in India, the pharmaceutical packaging industry in India is also growing at a rapid pace. It is estimated that size of pharmaceutical packaging industry in India is over Rs. 8000 crores currently and growing at 12-15% annually. India meets over 70% of domestic demand for India Pharmaceutical Packaging locally while also exporting packaging solutions globally. Pharmaceutical packaging includes primary packaging solutions like blisters packs, bottles, vials, ampoules etc as well as secondary and tertiary level packaging for storage and transportation. Growing generic and biological drug manufacturing is driving increased demand for specialized and high barrier packaging formats like polymer films, glass containers and stoppers. Additionally, strict regulatory frameworks require pharmaceutical manufacturers to use tamper evident and child resistant packaging as well as serialisation and coding for authentication. This is further augmenting demand for innovative packaging formats in India.

Key Trends In India Pharmaceutical Packaging
Some of the key trends contributing to growth of pharmaceutical packaging industry in India include:

Increased Focus on Healthcare & Medical Infrastructure: Government's increased focus and investment in healthcare and medical infrastructure development through schemes like Ayushman Bharat is boosting pharmaceutical as well as packaging demand.

Growing Domestic Pharma Market: Large domestic market with rising middle class, increase in lifestyle diseases and adequate health insurance penetration is driving sustained growth of pharmaceutical industry.

Export Oriented Industry: India pharmaceutical packaging market is gradually transforming into an export powerhouse. This is generating demand for global compliant and sophisticated packaging solutions.

Complex Drugs & Biologics Manufacturing: Manufacturing of complex generic drugs, biosimilars and biologicals require specialized and high barrier packaging formats like pre-filled syringes and auto-injectors.

Regulatory Compliance: Regulations around serialization, traceability, child resistant caps, tamper evident features are driving packaging innovation and upgrading.

Emphasis on Sustainability: Industry emphasis on sustainability and reduction of plastic waste is incentivizing adoption of green packaging materials like bioplastics, paper and Recyclable Multi layers.

Contract Packaging Growth: Rise of dedicated pharmaceutical contract filling and packaging players is gathering pace. They act as significant market for packaging material and machinery suppliers.

Private Label Packaging: Expanding private label markets including e-pharmacies is generating new packaging designs and formats for smaller brands.

Key Packaging Formats and Materials

To meet dynamic requirements of pharmaceutical industry, India pharmaceutical packaging market offer versatile portfolio of primary, secondary and tertiary level packaging solutions:

Primary Packaging: Blisters packs, tubes, bottles, vials, pre-filled syringes, ampoules, transdermal patches, inhalers, ointment tubes etc in materials like PVC, PVDC, Alu-Alu, COC etc

Secondary Packaging: Cartons, boxes, sticks, cold form trays, clamshells, sleeves, leaflets etc made from cardboard, paper, plastics.

Tertiary Packaging: Shipping containers, pallets, corrugated boxes, hot melt laminates for damage prevention during bulk transportation and storage.

Special focus is given to high barrier materials like COC, COP, Aluminium and multi-layer films ideal for moisture sensitive drugs. Manufacturers also offer sustainable packaging using paper, bioplastics and recyclable formats. Advanced printing, coding and serialization capabilities allow track and trace compliance.

Major players in India pharmaceutical packaging market include Uflex, PCR, Abbot, Gerresheimer, Schott, Aptar Pharma, GSK Packaging, West Pharma, Bilcare and Aphena Pharma Solutions. They cater to all major segments including oral solids, injectables, liquid bottles, vials and ampoules.

Future outlook for India pharmaceutical packaging market looks promising with continued strong growth projections for pharmaceutical industry. Key growth drivers would be expanding healthcare infrastructure, exports, specialty drugs manufacturing, regulatory measures and focus on sustainability. Industry aims to enhance self-sufficiency while competing with global standards. It also expects innovations around serialization, intelligent packaging and connected drug delivery to emerge big trends going forward. With strong manufacturing capabilities coupled with strategic investments, India has potential to become global leader in pharmaceutical packaging in coming years.

 

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 About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)



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