October 2024
The global veterinary medicine packaging market size is set for a massive revenue upswing, with projections of growth reaching hundreds of millions of dollars.
The veterinary medicine packaging market is likely to register impressive growth during the projected forecast period. The majority of veterinary medications have light sensitivity. Veterinary medications should be packaged properly since it makes a great impact. The two basic packaging types for veterinary medicine products are primary packaging, which holds the product (like tablet bottle, glass vial and ophthalmic bottle, among others) and secondary packaging that is primarily utilized for transporting the product or shield it against external environmental elements like light. Brown bags are used as supplemental packaging by numerous veterinary pharmacies.
A pharmacy or manufacturer can save expenditure on packing by bagging their drugs, which keep them safe from light exposure long enough to be transported to a veterinary facility. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
The rise in the livestock population along with the growing pet ownership, specifically in the urban areas is expected to augment the growth of the veterinary medicine packaging market during the forecast period. Furthermore, the increased awareness about animal health, spurred by concerns over zoonotic diseases as well as the advancements in packaging technology such as tamper-evident, child-resistant and eco-friendly packaging is also anticipated to augment the growth of the market. Additionally, the rise of e-commerce in veterinary pharmaceuticals along with the development of the biodegradable and recyclable packaging materials is also projected to contribute to the growth of the market in the near future.
The rise in global pet ownership is expected to fuel the growth of the veterinary medicine packaging market during the projected timeframe. Due to the factors like shifting demographics, increasing disposable incomes and the Covid-19 pandemic, the percentage of the cats and dogs owned worldwide has been growing rapidly, primarily in the emerging economies. Growth is especially noticeable in nations where the middle class population is expanding. This is also causing the perceptions to change and a new pet culture to form, one that revolves around the humanization of the pets and the rise in the number of pets kept purely for the companionship. As per the survey by the HealthforAnimals, additional factors driving the rise in the pet ownership in China include relaxed laws governing the pet ownership as well as a declining birth rate. Experts predict that by 2024, China is going to have the highest percentage of pets worldwide, with pet ownership rising by 113% from 2014 and 2019.
Furthermore, according to the 2022 report by the American Veterinary Medical Association, dogs are the most popular companion animals in the households, with 44.6% owning them followed by the cats with 26% of households having them as pets. Birds are owned by 2.5% of households, while horses are owned by 0.2%. Approximately 62 million households own dogs, averaging 1.46 dogs per household and about 37 million households own cats, averaging 1.78 cats per household. Dog owners spend an average of $367 annually on the veterinary care per household, compared to $253 for the cat owners. This is likely to drive the need for the effective packaging that guarantees safe, accurate dosing and ease of administration becomes important. Additionally, with the growing awareness of the mental health and the positive impact of the pets on the emotional well-being has also fueled an increase in the pet ownership which in turn is likely to support the growth of the market in both the developed and emerging regions.
The use of plastics as well as glass in veterinary medicine packaging is expected to hamper the market growth within the estimated timeframe. There is growing pressure on the pharmaceutical packaging sector to utilize more sustainable materials and implement more sustainable practices. This is partially owing to the drug packaging, which is typically made of plastic, has a carbon footprint. According to one research, the pharmaceutical sector is accountable for approximately 52 million metric tons of greenhouse gas emissions every year. The majority of medicine packaging such as blister packs, bottles and pre-filled syringes, is made of plastic. Every year, about 100,000 tons of polymers are produced worldwide for use in medicine packaging. There is still widespread usage of glass vials, bottles and syringes, specifically for vaccinations. But plastic replacements are gradually replacing these due to their very high production and recycling costs, as well as their breaking danger.
Furthermore, even while sustainable packaging is important, altering the packaging of currently available medications so as to make them simpler to recycle necessitates a lot of complicated governmental clearances. Making sure that any modifications do not compromise the product safety or increase the danger of contamination is the primary challenge. Designed to keep medications safe, blister packs are made of a combination of plastic and aluminum foil. These materials, however, are too difficult to separate for recycling, and as a result, they are either destroyed or burned. Also, according to the World Health Organization, around 16 billion injections are given annually throughout the world; however, not all of the used syringes and needles are disposed of appropriately. In certain situations, furans, dioxins and particulate matter may be released during the open burning or incineration of the medical waste. These factors represent the growing environmental concerns that are likely to restrain the growth of the veterinary medicine packaging market.
The FDA approvals of new veterinary drugs are projected to fuel the growth of the veterinary medicine packaging market in the years to come. Several animal medications such as those that treat dogs' urine incontinence and cats' hyperthyroidism, have recently received FDA approval. Furthermore, instead of prescribing the unapproved medications, the government is encouraging pharmacists as well as veterinarians to utilize Bimasone, an injectable flumethasone solution. Some of the recent approved drugs are
When the FDA authorizes a new drug, it is likely to increase the demand for packaging options that meet the drug's specific needs. This is especially true for specialist pharmaceuticals like vaccinations, injectables and oral therapies, which may necessitate packaging that guarantees safety, sterility, dosage precision along with a longer shelf life.
The plastic segment held considerable market share in 2023. Due to its exceptional mechanical strength, flexibility and stability, plastic is a material that finds various applications in the pharmaceutical sector including the packaging. The plastic pill bottles are made from a range of materials such as the polyethylene, polyethylene terephthalate and polypropylene. These are available in a number of sizes and forms. Polyethylene is perfect for packaging a range of drugs. PET (polyethylene terephthalate) is frequently utilized for the packaging of pharmaceutical products, specifically when making bottles for the liquid medications. The material is additionally resistant to the harmful effects that oxygen might have on the medications. Also, PET meets the strict quality standards as well as regulatory requirements established by organizations such as the European Medicines Agency (EMA) and the United States Food and Drug Administration (FDA), and contributes to environmental sustainability, which corresponds with the increasing focus of the pharmaceutical industry on the practices that promote the sustainable development.
The veterinary clinics and hospitals segment held the largest market share in 2023. More specialized alternatives and a broader variety of services are usually available at the veterinary hospitals and clinics. Many of the services provided by animal hospitals are often in-hospital capabilities, which eliminate the need for external resources or procedures. Clinics provide regular care such as immunizations, wellness examinations as well as other general services. While animal hospitals focus on specialized care, clinic care is mainly focused on the preventative care. Furthermore, modern veterinary diagnostic services are available in the veterinary hospitals to precisely diagnose health problems. Additionally, they have the tools necessary to carry out a range of surgical treatments, from simple sterilization and neutering to intricate procedures. During these surgeries, proficient veterinary surgeons guarantee that animals obtain the best care available. These factors are likely to contribute to the growth of the segment during the estimated timeframe.
North America held the largest market share in the world in 2023. This is due to the highest rates of pet ownership and high spending on the pet healthcare. For instance, as per the data by the Canadian Veterinary Medical Association, Canadian households are home to approximately 8.5 million cats and 7.9 million dogs. Also, 69.8% of Mexican homes had a pet in 2022, according to a survey conducted by the National Institute of Statistics and Geography (INEGI). Of these, dogs accounted for 54.7% of the total number of pets (43.8 million), followed by cats with 16.2 million that is 20.2% and other animals with 20 million (25%). Furthermore, the presence of numerous veterinary hospitals, clinics and specialized pet care centers along with the growing focus on preventive healthcare is also expected to contribute to the regional growth of the market.
Asia Pacific is likely to grow at fastest CAGR during the forecast period. This is owing to the growing government initiatives for animal health along with the increasing awareness of preventive healthcare for both pets and livestock across the region. For instance, since 2022, the Government of India has implemented the Livestock Health and Disease Control Programme (LHDCP) throughout the country with the key objective of minimizing animal health hazards through a variety of strategies. The initiative focuses on preventative immunization against critical animal diseases, increasing veterinary service capacity, monitoring diseases and developing veterinary infrastructure. Additionally, the expansion in livestock farming as well as the higher disposable incomes, increasing spending on animal healthcare is also anticipated to promote the growth of the market in the region in the near future.
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.
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October 2024
October 2024
October 2024
October 2024
Asmita Singh is a distinguished author and consultant in the packaging industry, recognized for her unwavering passion for knowledge discovery and her commitment to providing actionable insights. She holds an MBA from the University of Mumbai and a degree in Packaging Engineering from the Indian Institute of Packaging (IIP), equipping her with a solid foundation in both business and technical aspects of packaging. With extensive experience in packaging consulting, Asmita has successfully implemented advanced research methodologies across various packaging categories, including flexible packaging, rigid packaging, sustainable packaging, and smart packaging. She generates high-quality data and delivers meaningful results that drive innovation and efficiency. Her expertise spans the globe, offering valuable consulting services to businesses seeking to enhance their packaging strategies. Asmitas work is characterized by a dedication to excellence and a keen understanding of the latest trends and technologies shaping the future of packaging.