Veterinary Medicine Packaging Market Size & Business Model Innovation

Veterinary Medicine Packaging Market Size, Trends and Developments

The global veterinary medicine packaging market is poised for significant growth, with projections indicating a surge in revenue reaching hundreds of millions of dollars. The market is expected to experience robust growth during the forecast period, driven by several factors including the rising livestock population, increased pet ownership, and growing awareness of animal health. Veterinary medications are sensitive to light, making proper packaging crucial to their efficacy. Packaging for veterinary products typically falls into two categories: primary packaging, which directly holds the product (e.g., tablet bottles, glass vials, ophthalmic bottles), and secondary packaging, which protects the product during transport and shields it from environmental factors like light. Brown bags are commonly used in veterinary pharmacies for supplemental packaging, providing a cost-effective way to protect medications during transit.

Download Statistical Data: https://www.towardspackaging.com/download-statistics/5312

The global packaging market is projected to grow from USD 1.20 trillion in 2022 to USD 1.58 trillion by 2032, with a compound annual growth rate (CAGR) of 3.16% between 2023 and 2032. This growth is driven by increasing livestock and pet populations, especially in urban areas, as well as advancements in packaging technologies, such as tamper-evident, child-resistant, and eco-friendly options. Moreover, the rise of e-commerce in veterinary pharmaceuticals and the development of biodegradable and recyclable materials are expected to further boost the market.

Key Trends and Insights

A notable trend in the veterinary medicine packaging market is the development of unit-dose packaging options. These provide the exact dosage required, ensuring accurate transportation and storage. Unlike human medicines, veterinary medications often require flexible dosing systems due to the variety of animal sizes, breeds, and species. This has led to the popularity of multi-dose packaging solutions, such as multi-chamber vials and adjustable-dose syringes, which offer precise dosing for animals ranging from small pets to large livestock.

Additionally, pet chewable pill packaging has been designed for flexibility, with tablets available in varying strengths or easily divisible into smaller portions to accommodate different animal sizes. Some chewables even feature scored lines, enabling pet owners to adjust the dosage for smaller pets.

With growing environmental concerns, packaging manufacturers are under increasing pressure to adopt sustainable practices. The use of biodegradable materials, recyclable plastics, and reduced plastic usage is becoming a key focus for companies aiming to minimize their environmental footprint. This trend is especially evident as both consumers and authorities push for reduced plastic waste and greater adoption of sustainable packaging solutions.

Packaging companies such as CCL Healthcare are focusing on developing secure packaging solutions for veterinary medicines, nutritional supplements, vaccines, and other animal-related products. For instance, CCL Healthcare offers tamper-evident packaging to ensure the safety of animal products by indicating any damage or tampering.

Regional Insights

North America held the largest market share in 2023, largely due to high rates of pet ownership and significant spending on animal health. However, the Asia-Pacific region is expected to experience the fastest growth during the forecast period. This growth is driven by the expansion of the livestock sector, fueled by food security concerns, and the increasing awareness of animal health in the region.

Market Drivers

The rise in global pet ownership is a major driver of the veterinary medicine packaging market’s growth. Factors such as shifting demographics, increasing disposable incomes, and the Covid-19 pandemic have contributed to a rapid increase in the number of pets, particularly in emerging economies. Countries like China are experiencing a boom in pet ownership, with projections indicating that China will have the highest percentage of pets worldwide by 2024, reflecting a rise in pet ownership by 113% from 2014 to 2019.

According to the 2022 report by the American Veterinary Medical Association, dogs remain the most popular pets in the U.S., with 44.6% of households owning them, followed by 26% owning cats. This growing trend in pet ownership is driving the need for packaging solutions that ensure safe, accurate dosing and ease of administration. Additionally, the increasing recognition of pets’ mental health benefits has further fueled the rise in pet ownership, supporting the growth of the veterinary medicine packaging market in both developed and emerging regions.

Recent Developments by Key Market Players

• In March 2024: The FDA proposed labeling regulations that would assist give sponsors of animal therapeutics consistent requirements for the format and content of new animal medications that are sold over-the-counter and on prescription, as well as medications utilized in animal feed. Through these proposed regulations, the FDA hopes to offer information consistently for the safe and efficient use of pharmaceuticals for animals. In addition to helping sponsors prepare labeling for review more effectively, the rule would also be advantageous to veterinary professionals, pet owners, and animal producers.
• In August 2023: Modern Animal revealed intentions to expand its veterinarian clinic network to Colorado, the state of Arizona as well as Georgia. The second half of 2024 is when Modern Animal plans to expand, with clinics opening in Atlanta, Denver, Houston, and Phoenix. Over the course of the past year, the company has quickly expanded the number of clinics it operates, to 11. These locations now provide thousands of pets with the easy-to-handle treatment that owners have come to expect from Modern Animal.

Veterinary Medicine Packaging Market Companies

Some of the key players in veterinary medicine packaging market Emenac Packaging, VINPACK Corporation, Jiangyiqi Colour Plastic Printing Co. Ltd., Safepack Solutions, Dymapak, Stoelzle Pharma, Pharma Packaging Solutions, Röchling SE & Co. KG, Pioneer Veterinary Products Ltd, H&K Müller GmbH & Co. KG, and E2Global Inc., among others.

Veterinary Medicine Packaging Market Segments

By Material

• Plastic
• Glass
• Aluminum
• Paper & Paperboard
• Othersb

Buy Premium Global Insight: https://www.towardspackaging.com/price/5312

Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership

If you have any questions, please feel free to contact us at sales@towardspackaging.com

About Us

Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.

Browse our Brand-New Journal:

https://www.towardshealthcare.com

https://www.towardsautomotive.com

For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/

Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/

Get a Subscription – – https://www.towardspackaging.com/get-an-annual-membership With our commitment to delivering accurate and up-to-date data, our annual packages ensure continuous access to a wealth of valuable information.