Discover your next big idea at PACK EXPO Las Vegas this September
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries.
REGISTER NOW & SAVE

The Global Outlook for the Pharma Contract Packaging Market

New report predicts a 7.1% CAGR from 2020 to 2027 and highlights the countries, packaging types, and packaging materials expected to see the greatest growth.

1120 Industry News 1

The global pharmaceutical contract packaging market size was valued at $28.2 billion in 2019 and is expected to grow at a CAGR of 7.1% from 2020 to 2027, to reach $47.7 billion. That’s according to a new report from Grand View Research, Inc., which lists several drivers of this growth. Among them, the desire of pharmaceutical companies to reduce their overall cost of production and to increase speed to market; the lack of in-house packaging capabilities and expertise along with budget constraints by smaller pharma companies; the need for pharma companies to meet serialization regulations; and the overall growth and increasing competitiveness of the global pharmaceutical industry.


Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report
Annual Outlook Report: Workforce
Hiring remains a major challenge in packaging, with 78% struggling to fill unskilled roles and 84% lacking experienced workers. As automation grows, companies must rethink hiring and training. Download the full report for key insights.
Download Now
Annual Outlook Report: Workforce