Pharmaceutical Stand-Up Pouches Market Growth and Forecast Analysis
The pharmaceutical stand-up pouches market was valued at USD 160.00 million in 2023 and is expected to reach approximately USD 302.16 million by 2034, growing at a CAGR of 5.95% from 2024 to 2034.
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Growth and Trends in the Pharmaceutical Stand-Up Pouches Market
The pharmaceutical stand-up pouches market is experiencing significant growth due to the increasing demand for safe, moisture-free, and contamination-free packaging solutions for medicinal products such as medicines, ointments, and other pharmaceutical items. The healthcare industry’s need for secure and eco-friendly packaging solutions is a key driver of the market’s expansion.
Key Insights
- In 2023, Asia Pacific led the pharmaceutical stand-up pouches market, holding the largest market share.
- North America is expected to witness the highest CAGR during the forecast period.
- The zip closure segment dominated the market in 2023.
- The powder segment is anticipated to experience the highest growth during the forecast period.
Market Trends
- Customization options for pharmaceutical packaging are fostering growth in the market, with various pouches tailored to different industry requirements.
- Pharmaceutical stand-up pouches are increasingly in demand due to their ability to withstand external conditions, facilitating secure transportation without contamination.
- The rising demand for sustainable, eco-friendly packaging solutions has boosted the market, as stand-up pouches can be recycled and reused, making them more attractive to consumers.
- Efforts to enhance the safety, effectiveness, and environmental sustainability of pharmaceutical packaging further support the market’s expansion.
Segment Insights
- The zip closure segment led the pharmaceutical stand-up pouches market in 2023. These pouches are widely used in the healthcare sector due to their convenience and suitability for patient use.
- The powder segment also led the market in 2023, as these pouches are highly preferred by patients who use medicines regularly. They help maintain the quality of medicines, making them popular among both patients and pharmaceutical brands.
Recent Developments
- In October 2024, Amcor launched a multi-chamber medication pouch for drug-device combination products.
- In November 2022, UFlex, India’s largest packaging company, showcased its pharmaceutical packaging solutions at CPHI & PMEC India 2022.
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