A new market research report released on December 24, 2024 shows that the global pharmaceutical packaging market is expected to reach $120 billion by 2030, with a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. The growth is mainly driven by the aging global population, the increase in chronic disease patients, and the continuous launch of new drugs.

High-barrier plastic packaging, biodegradable materials, and intelligent packaging are becoming the main development trends of the market. Asia-Pacific region will become the fastest-growing market due to the rapid development of pharmaceutical industry in China, India and other countries.