Clinical Trial Packaging Market to Garner Growth 7.5% by 2030

The global clinical trial packaging market is expected to grow at a CAGR of 7.5% during the forecast period 2021 to 2030. The clinical trial packaging market is estimated to be driven by rising clinical trial activities coupled with rapid adoption of contract manufacturing in the pharma sector.

The clinical trial packaging solutions are used in various end-use industries for packaging, storing, protecting, and transporting clinical trial products. Clinical trial packaging solutions consist of syringes, vials & ampoules, blisters, tubes, bottles, etc. are predominantly used in research laboratories, clinical research organizations, and drug manufacturing facilities. The VRR team segmented the analysis of clinical trial packaging market based on packaging type, material, and end use. As per VRR analysis, research laboratories in the global clinical trial packaging market is expected to account for a lion’s share of the market, and expected to lead the overall clinical trial packaging market during the forecast period.

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Innovative Concepts, Discovery of New Drugs to Fuel Market Growth

Research and development activities within the pharmaceutical sector have shifted gears in recent years, due to the increasing demand for new drugs and therapies– a factor that is expected to bolster the global clinical trial packaging market. The demand for glass bottles is on the rise owing to mounting concerns pertaining to the use of plastic. The consistent surge in the number of chronic diseases cases, including cancer, HIV, and epilepsy is expected to have a strong impact on the development of the global clinical trial packaging market during the assessment period. The rise in the number of research & development, along with the increasing support from governments for the development of new drugs, is anticipated to accelerate the growth of the global clinical trial packaging market during the assessment period.

Some of the factors that could hinder the growth of the clinical trial packaging market include lack of modern infrastructure in underdeveloped and developing regions and scarcity of trained personnel. Market players involved in the current clinical trial packaging market are increasingly focusing on developing their packaging solutions that can withstand filling, handling, transportation, etc. The advent of innovative pharmaceutical packaging concepts, including blow fill seal vials, two-in-one prefilled vial deigns, prefilled syringes, snap off ampoules, and child-resistant packs is projected to provide an impetus to growth of the global clinical trial packaging market during the assessment period.

Scope of the Report

Companies to Develop New Packaging Solutions to Hinder COVID-19 Spread

The advent of the COVID-19 pandemic is expected to have a strong influence on the clinical trial packaging market in 2020 and beyond. In the current scenario, market players are focusing on the development of new materials to meet packaging requirements during the COVID-19 crisis. The increasing demand for safe, sustainable, and hygienic packaging alternatives for healthcare products and eCommerce transportation is expected to augment the growth of the global clinical trial packaging market during the forecast period. The decline in the consumer demand for plastic packaging is anticipated to drive innovations across the clinical trial packaging market.

Due to the outbreak of the COVID-19 pandemic, the demand for medical device kits and certain medicines has witnessed exponential growth. This factor is expected to fuel the expansion of the global clinical trial packaging market. Furthermore, the contract packaging trend has gained considerable momentum during the COVID-19 crisis. Thus, the demand for pressure sensitive labels, folding cartons, and convenient vial filling has increased. Market players are also estimated to expand their manufacturing capacities during the ongoing pandemic to cater to the surge in the demand.

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Current Trend of Contract Manufacturing in Pharmaceuticals Industry Drives Market

• Rapidly rising clinical trials and research & development activities among leading pharmaceutical companies across the globe have created the massive demand for contract manufacturing in the global pharmaceutical industry. These contract manufacturing organizations offer services related to active pharmaceutical ingredient (API) production, drug product development, and packaging.
• Furthermore, leading pharmaceutical companies are opting for contract manufacturing organizations for clinical trials, as they lower several costs such as operational, transportation, and logistics
• This current trend of outsourcing in global pharmaceutical industry for clinical trials is anticipated to drive the clinical trial packaging market during the forecast period

Manufacturers Target High Potential Asian Countries

• High potential Asian countries such as India and China are leading manufacturers and exporters of pharmaceutical drugs across the globe. Growing private sector and regional government investments in pharmaceutical R&D in Asian countries has opened new doors of opportunities for clinical trial packaging manufacturers. Pharmaceutical industry in the Asia Pacific region has witnessed outstanding market growth in recent years and likely to experience significant market growth during the upcoming years. Manufacturers operating in the global clinical trial packaging market can target these lucrative countries on the back of rising pharmaceutical clinical trials activities in these countries.
• Furthermore, low production and packaging cost in Asia Pacific region led clinical trial packaging manufacturers to expand their business boundaries to Asian countries. Thus, packaging manufacturers can focus on Asian countries to reinforce their market position and financial profitability as well.

Frequent Need of Booklet Labels in Clinical Trials Augment Sales

• Global clinical trial packaging market is characterized by R&D and new formulations of several drugs. Packaging solutions such as multiply booklet labels are frequently used in packaging of clinical research trials. These booklet labels provide multi-functionality features for communicating variable data through labelling. Booklet labels allow packaging manufacturers to summarize enormous paperwork in compressed spaces.
• Furthermore, booklet labels used in clinical trial packaging support labelling requirements that cover the integration of several languages, regulation compliance of multiple countries, and accommodation in clear structure and legible content. Rising demand for such booklet labels in clinical trials is likely to accelerate market growth during the foreseeable future.

Key Findings

• Based on material, the plastic segment is projected to lead the overall clinical trial packaging market with capturing more than half of the market share in 2020. The same segment is projected to offer total incremental opportunity of US$ ~470 Mn with expansion of 1.7x times by its value during the next seven years.
• In terms of end use, research laboratories segment is expected to be the most lucrative segment of the clinical trial packaging market. The same segment is generating consistent demand for clinical trial packaging solutions and anticipated to hold more than 60% portion of total market share by the end of 2027. 
• In terms of market share and revenue generation, North America region is anticipated to outpace the global clinical trial packaging market. Rapid penetration coupled with increase in R&D activities in the pharmaceutical industry in North America is fueling market growth during the forecast period.

COVID-19 Impact: Rise in Clinical Trials Supplements Sales

• Prominent pharmaceutical companies across the globe are consistently carrying several clinical trials to develop and launch new vaccines against the COVID-19 virus. Global spread of novel COVID-19 has driven leading pharmaceutical companies to conduct high number of clinical trials to battle against the pandemic. This, in turn, has created massive demand for pharmaceutical packaging solutions, including clinical trial packaging.
• In addition, this rising demand for clinical trials packaging solutions such as vials & ampoules, syringes, and bottles, among others, is not only in mature markets of North America and Europe, but also in Asian countries. Overall, COVID-19 pandemic has somehow fueled the demand for clinical trials packaging solutions.

Key Players

Some of the key players operating in the global clinical trial packaging market are Bilcare Limited, Westrock Company, Fisher Clinical Services, Almac Group Limited, PAREXEL International Corporation, The Coghlan Group, Piramal Enterprises Ltd, WuXiAppTec, PCI Pharma Services, and Pharmaterials Ltd, among others.

Market Segmentation

By Packaging Type

• Syringes
• Vials & Ampoules
• Blisters
  • Cold Forming
  • Thermoforming
• Tubes
• Bottles
• Bags & Pouches
• Sachets
• Kits or Packs
• Others

By Material

• Plastic
  • PVC
  • PE
    • HDPE
    • LDPE
  • PP
  • Others
• Glass
• Metal
• Paper
• Corrugated Fiber

By End Use

• Research Laboratories
• Clinical Research Organizations
• Drug Manufacturing Facilities

Clinical Trial Packaging Market by Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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