Global Sustainable Pharmaceutical Packaging Market 2021-2035: 80% of Young Customers Willing to Pay Extra for Eco-Friendly Options - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Sustainable, Biodegradable and Eco-Friendly Packaging Providers Market by Eco Friendly Packaging Attributes, Type of Packaging, Type of Packaging Container, End-User and Key Geographies: Industry Trends and Global Forecasts, 2021-2035" report has been added to ResearchAndMarkets.com's offering.

The continuously growing pipeline of pharmaceutical drug candidates has inadvertently led to an increase in the demand for product packaging solutions.

Further, the gradual shift of the healthcare industry from the one-drug-treats-all model to a personalized approach, coupled to the growing complexities associated with modern pharmacological interventions, has compelled packaging providers to identify innovative solutions.

Since packaging material comes in direct contact with the drug, it is essential to ensure that it does not negatively impact the sterility and quality of the product. In addition, packaging provides important information related to the product, including dosing instructions.

At present, most healthcare packaging uses plastic, which has been known to have an adverse impact on the environment. Specifically, according to the World Health Organization, over 300 million tons of plastic waste is generated, each year, by the pharmaceutical industry, of which, 50% has single-use purpose.

Moreover, 85% of the trash produced by healthcare operations, including pharmaceutical and medical equipment packaging, is non-hazardous and hence, exhibits the potential to be replaced by other eco-friendly and reusable alternatives, enabling significant cost savings.

In recent years, several healthcare stakeholders have actively undertaken initiatives to replace the conventional packaging materials with sustainable, biodegradable and recyclable alternatives, in order to reduce the environmental impact.

In addition, players engaged in the healthcare packaging industry are incorporating circular economy, which facilitates greater sustainability within supply chains, to offer a systemic approach to address environmental issues.

According to industry experts, currently, sustainable solutions account for 10%-25% of the total primary pharmaceutical packaging. In this regard, many companies are also developing novel sustainable packaging solutions, paving the way for new generation of healthcare packaging options, such as plant-based packaging made from corn starch, sugarcane and cassava.

It has further been observed that use of greener packaging solutions can expand customer base, given the growing consciousness to conserve environment among individuals. In fact, as per Trivium Packaging's 2021 Global Buying Green Report, over 80% young consumers mentioned that they would be willing to pay extra for environment friendly packaging.

Considering the rising demand, presently, more than 50 companies offer such sustainable packaging solutions to the healthcare sector. It is worth mentioning that, in the past few years, substantial merger and acquisition activity has been reported in this domain, as players strive to become one-stop-shops, to cater to the diverse needs of the healthcare sector.

Given the ongoing innovation, rise in drug approvals and increase in awareness related to the harmful effects of plastic, we believe that the sustainable, biodegradable and eco-friendly packaging market is likely to witness positive growth over the coming years.

Scope of the Report

The report features an extensive study of the current market landscape and future opportunity for the players engaged in offering sustainable, biodegradable and eco-friendly packaging solutions in the healthcare sector. The study presents an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this domain.

Key Questions Answered

• Who are the key players engaged in offering sustainable, biodegradable and eco-friendly packaging solutions to the healthcare sector?
• Which types of sustainable packaging solutions are most commonly offered by packaging providers?
• What is the relative competitiveness of different sustainable, biodegradable and eco-friendly packaging providers?
• Which partnership models are most commonly being adopted by stakeholders engaged in this industry?
• What is the present and likely future demand for sustainable, biodegradable and eco-friendly packaging solutions in healthcare sector?
• How is the current and future opportunity likely to be distributed across key market segments?

Companies Mentioned

• 4evergreen Alliance
• Alliance to End Plastic Waste
• Alpha Packaging
• Amcor
• AMP Robotics
• APC Paper Group
• Aptar
• Aqualitas
• Aquapak Polymers
• Ardagh Group
• August Faller
• Automated Packaging Systems
• Avala Ada
• Bemis Manufacturing Company
• Berlin Packaging
• Berry Global
• Bhoomi
• Bormioli Pharma
• CAN Packaging
• Cartonbox
• Comar
• Constantia Flexibles
• Cork Bio Solutions
• Corplex
• Corrugated Container Corporation
• Coveris
• Creative Polypack
• Drug Plastics
• DS Smith
• EPL
• Ess Dee Aluminium
• Georgia-Pacific Recycling
• Geraldiscos
• GlaxoSmithKline
• Gerresheimer
• Grupo Phoenix
• Hoffmann Neopac
• Hughes Enterprises
• Huhtamaki
• Ingersoll Rand
• Initial Packaging Solutions
• International Paper
• IntraPac International
• Jiangsu Hihio-Art Packaging
• Kent County Council
• KEYES Packaging Group
• Keystone Folding Box
• Klockner Pentaplast
• Korber
• Laddawn
• Laminor
• Mayr-Melnhof Group
• McKinsey.org
• MIWA Technologies
• MM Kotkamills
• Moda Packaging Systems
• Mohan Mutha Polytech
• Mondi Group
• Nipro Corporation
• Nordic Cold Chain Solutions
• Oceanworks
• Origin Pharma Packaging
• Owens-Illinois
• Papcart
• Paper Factory Belgrade
• PaperFoam
• Pemcor Packaging
• PGP Glass
• PharmaPac
• PKG Packaging
• Plastic Energy
• Pretium Packaging
• ProAmpac
• PureCycle Technologies
• Rapid Action Packaging
• Remy & Geiser
• Reparenco
• Repsol
• Rochling Group
• RPC Group
• Sana Packaging
• Sanner
• Saxon Packaging
• SCHOTT
• Sealed Air
• SGD Pharma
• Shandong Pharmaceutical Glass
• Smurfit Kappa
• Sofrigam
• Softbox Systems
• Sonoco
• Stanpac
• Stoelzle Glass Group
• SUEZ Group
• Swiftpak
• Tekni-Plex
• Toppan
• Touchguard International
• Trimble
• Tri-Pack
• Ultimate Packaging
• Varanah
• WasteAid
• World Wildlife Fund

For more information about this report visit https://www.researchandmarkets.com/r/ovd912