South America Pharmaceutical Packaging Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Pharmaceutical packaging equipment is the devices that are used for packing of pharmaceutical products to secure them from harmful toxins and rays. Rising demand for pharmaceutical packaging, cohesive government regulations, growing demand for drug delivery devices and blister packaging are the significant factors that boost up the market.

South America Pharmaceutical Packaging Market Segments Size & Growth:

South America Pharmaceutical Packaging Market size is projected to reach approximately $10.83 billion by the end of 2024 with a CAGR of close to 11.90% from $5.53 billion in 2017 during the forecast timeline 2018-2024. The significant factors that propel the growth of the South America Pharmaceutical Packaging Market are growing pressure on pharma companies to reduce the costs, demand for rigorous control regulations, administration and qualification, growth in the over-the-counter market, steps being taken against counterfeit products and technological advancements to contribute the growth of the pharmaceutical packaging. However, increasing packaging costs due to the dynamic regulatory measures and stringent health regulatory compliance standards and environmental concerns are the factors hampering the growth of the market.

South America Pharmaceutical Packaging Market Segments Share:

South America Pharmaceutical Packaging Market is segmented by an application which comprises of food & beverage, medical equipment, space crafts and space missions and pharmaceutical and biological. By material, the market is segmented into paper & paperboard, plastics & polymers, aluminium foil, and glass. By type, the market is segmented into blister packs, plastic bottles, labels & accessories, caps & closures, medical speciality bags, pre-fillable syringes, pouches & strip packs; temperature controlled vaccines/packaging, ampoules, pre-fillable inhalers, jars & canisters, medication tubes, cartridges, and vials. By drug delivery mode, the market is further divided into oral drug packaging, transdermal drug packaging, pulmonary drug packaging, topical drug packaging, injectable drug packaging and nasal drug packaging. By veterinary vaccines, the market is divided into livestock vaccines packaging, porcine vaccines packaging, canine vaccines packaging, poultry vaccines packaging, aquaculture vaccines packaging, equine vaccines packaging and feline vaccines packaging. By Geography, Brazil contributes the most significant share in the market regarding revenue.

South America Pharmaceutical Packaging Market Trends:

• Worlds’ first glass-to-aluminium seal: Schott’s new lid technology boosts the capacitor performance.
• Amcor announces an agreement to acquire the North American rigid plastics blow moulding operations of Sonoco Products Company, a global packaging company based in the United States.
• AptarGroup, Inc. disclosed that it had signed an agreement to acquire the Stelmi Group to expand its portfolio of solutions that it provides to the pharmaceutical industry.

South America Pharmaceutical Packaging Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary critical players in the South America Pharmaceutical Packaging Market are:

• Amcor Ltd.
• Intrapac Group
• CCL Industries Inc.
• Schott AG
• Rexam PLC