The pharmaceutical plastic packaging market size is valued at USD 51,634.9 million in 2021 and is expected to grow at a significant CAGR of 6.1% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by Material, Product Type, Packaging Type, and Drug Delivery Mode. By material, the pharmaceutical plastic packaging market has been segmented into Polyethylene, Polyethylene terephthalate (PET), Polypropylene, Polyamide (PA), Polyvinyl Chloride (PVC), Cyclo-olefin Copolymer (COC), Cyclo-Olefin Polymer (COP), Others (PHA, PLA). The polyethylene segment is likely to be the largest and fastest-growing segment in terms of type. Based on product type pharmaceutical plastic packaging market is segmented into Bottles, Ampoules & Vials, Trays, Blister Packs, Bags & Pouches, Prefilled Syringes & Cartridges, Others (Jars & Containers). Among these, the bottles segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on packaging type, the pharmaceutical plastic packaging market is segmented into Rigid Packaging, Flexible Packaging. The Rigid Packaging segment accounts for the largest share in 2021. Flexible packaging is the second-largest share during the forecast period 2021-2028. Based on the By Drug Delivery Mode has been segregated into Oral Packaging, Injectable Packaging, Topical, Nasal, Transdermal, Ocular, and Others. The Oral Packaging segment is expected to dominate other segments in Pharmaceutical Plastic Packaging Market. The Oral Packaging segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.
In April 2021, Amcor plc launched a new-fangled AmSky blister system. It comes across as a thermoform blister packaging that is based on recyclable polyethylene for adhering to requirements of pharmaceutical packaging.