Adherence Packaging Market Trends and Forecast
The future of the global adherence packaging market looks promising with opportunities in the retail pharmacy, hospital, and long-term center markets. The global adherence packaging market is expected to reach an estimated $1.0 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increasing demand for adherence solutions to manage multiple medications, rising demand for patient-centric packaging, and expanding adoption of digital health technologies.
• Lucintel forecasts that plastic film is expected to witness the highest growth over the forecast period.
• Within this market, retail pharmacy is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: WestRock Company has introduced advanced adherence packaging solutions aimed at improving patient compliance in medication regimes. Their new line of blister packs features enhanced tracking and reminder systems, aligning with the U.S. government’s initiatives to improve healthcare outcomes. Additionally, Catalent Pharma Solutions announced an expansion of its adherence packaging capabilities to meet the growing demand for solutions that enhance patient adherence to prescribed therapies.
India: Bilcare Limited has been at the forefront of adherence packaging innovations in India, launching multi-dose packaging solutions that cater to the needs of chronic disease patients. The Indian government’s push towards better healthcare accessibility and quality is encouraging the adoption of advanced adherence packaging solutions. Essel Propack has also announced plans to increase its production of adherence packaging, targeting the burgeoning pharmaceutical market in India.
China: SGD Pharma has made significant investments in adherence packaging technology to cater to the Chinese market, focusing on solutions that enhance medication compliance. The Chinese government’s healthcare reforms, aimed at improving patient outcomes and reducing healthcare costs, are driving the demand for such innovative packaging. Gerresheimer AG has also expanded its presence in China, introducing new adherence packaging options to support the growing pharmaceutical industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Adherence Packaging by Segment
The study includes a forecast for the global adherence packaging by type, application, and region.
Adherence Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Plastic Film
• Paper & Paperboard
• Aluminum
• Others
Adherence Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Retail Pharmacy
• Hospital
• Long-Term Center
• Others
Adherence Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Adherence Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies adherence packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the adherence packaging companies profiled in this report include-
• Cardinal Health
• Westrock
• Omnicell
• Genoa
• Parata
• Amcor
• Medicine-On-Time
Recent Development in the Adherence Packaging Market
WestRock Company: WestRock Company has introduced advanced adherence packaging solutions aimed at improving patient compliance with medication regimes. Their innovative blister packs feature enhanced tracking and reminder systems, designed to help patients remember to take their medications on time. This initiative aligns with healthcare providers’ goals to enhance patient outcomes and reduce overall healthcare costs by ensuring better medication adherence.
Catalent Pharma Solutions: Catalent Pharma Solutions has announced a significant expansion of its adherence packaging capabilities to meet the growing demand for solutions that enhance patient adherence to prescribed therapies. This expansion includes the development of new multi-dose packaging systems that are designed to improve patient compliance, especially among those with chronic conditions. CatalentÄX%$%Xs initiatives are driven by the increasing recognition of the importance of adherence packaging in the pharmaceutical industry.
Bilcare Limited: Bilcare Limited has been pioneering adherence packaging innovations in India, focusing on multi-dose packaging solutions that cater to the needs of patients with chronic diseases. The company’s recent launch of innovative packaging designs is aimed at improving medication adherence among the Indian population. These solutions are particularly important in India, where the healthcare system is working to manage a large and growing population with chronic health conditions.
SGD Pharma: SGD Pharma has made significant investments in adherence packaging technology to better serve the Chinese market. The companyÄX%$%Xs focus is on developing packaging solutions that enhance medication compliance, which is crucial given the Chinese government’s healthcare reforms aimed at improving patient outcomes and reducing healthcare costs. SGD Pharma’s investments are part of a broader strategy to expand its presence in the fast-growing Chinese pharmaceutical market.
Schott AG: Schott AG has developed new adherence packaging solutions that incorporate digital health features to support patient compliance. These advanced packaging solutions include smart packaging with integrated sensors and digital interfaces that remind patients to take their medications and track their adherence. This initiative reflects the German governmentÄX%$%Xs focus on leveraging advanced medical solutions and digital health technologies to improve healthcare outcomes.
Features of the Global Adherence Packaging Market
Market Size Estimates: Adherence packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Adherence packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Adherence packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the adherence packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the adherence packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the adherence packaging market size?
Answer: The global adherence packaging market is expected to reach an estimated $1.0 billion by 2030.
Q2. What is the growth forecast for adherence packaging market?
Answer: The global adherence packaging market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the adherence packaging market?
Answer: The major drivers for this market are increasing demand for adherence solutions to manage multiple medications, rising demand for patient-centric packaging, and expanding adoption of digital health technologies.
Q4. What are the major segments for adherence packaging market?
Answer: The future of the adherence packaging market looks promising with opportunities in the retail pharmacy, hospital, and long-term center markets.
Q5. Who are the key adherence packaging market companies?
Answer: Some of the key adherence packaging companies are as follows:
• Cardinal Health
• Westrock
• Omnicell
• Genoa
• Parata
• Amcor
• Medicine-On-Time
Q6. Which adherence packaging market segment will be the largest in future?
Answer: Lucintel forecasts that plastic film is expected to witness the highest growth over the forecast period.
Q7. In adherence packaging market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the adherence packaging market by type (plastic film, paper & paperboard, aluminum, and others), application (retail pharmacy, hospital, long-term center, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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