Global Healthcare Packaging Market: By Material (Plastic, Metal, Glass, Paper & Cardboard), By Packaging (Soft Packaging & Rigid Packaging), By Application (Pharmaceutical & Biologics, Medical Supplies, and Medical Equipment & Tools) and by Region – Global industry sizing, growth, trend, opportunity and forecast (2020-2025)
The Healthcare Packaging Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating in the global market. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes in the market, capturing all aspects of the Healthcare Packaging industry.
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Healthcare packaging industry: introduction
The healthcare packaging market size is valued at USD 93.5 billion in 2019 and is expected to register a CAGR of 5.8% during the forecast period 2020-2025. Healthcare packaging is a process used to package drugs, devices, instruments, and other healthcare products. It is designed to store and protect healthcare products from biological contamination, physical damage and adverse external effects. High density polystyrene, polyethylene, polyvinyl chloride or polypropylene are used in the production of healthcare packaging, which is then gas proofed to make sterile packaging.
Healthcare Packaging Market: Dynamics
Various vital factors are driving the growth of the global healthcare packaging market, which includes increasing incidence of chronic diseases and healthcare expenditure, high growth in implantable devices market, growth of IoT in healthcare and medical sectors and a growing demand for mechanisms to prevent counterfeiting.
In addition, the continuous growing demand for sustainable packaging solutions, emerging markets represent opportunities for business expansion, are the main reason for the growth of the market. Due to the increased demand for plastic packaging in the healthcare and pharmaceutical sectors, the expanding healthcare market and the increased consumer preference for lightweight, sturdy and highly attractive packaging, the market healthcare packaging industry will experience rapid growth during the forecast period. Additionally, the increase in chronic diseases and awareness among individuals about the benefits of packaged healthcare products will open up growth opportunities for manufacturers in the global healthcare packaging industry in the coming years. However, stringent regulatory standards on the use of plastics are expected to hamper the growth of the plastic healthcare packaging market.
New drug launches and pipeline packaging solutions will be an opportunity for the plastic healthcare packaging market. The main constraint for the market is the fluctuation of the price of raw materials.
Iimpact of COVID-19 on the healthcare packaging market
A comprehensive analysis is conducted on the Healthcare Packaging industry presence in different regions and countries, company market share, growth rate, and price analysis. In the market research report, severe disruptions caused by COVID-19, stimulus measures, innovations, new technologies and emerging sectors are assessed.
Healthcare Packaging Market: Report Scope
The report outlines the study of the Healthcare Packaging market based on material, packaging, and application.
On the basis of materials, the healthcare packaging market is segmented into –
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Polyvinyl chloride (PVC)
- Polyamide (PA)
- Polyurethane (PU)
- Paper and cardboard
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Based on packaging, the healthcare packaging market is segmented into –
- Soft packaging
- Bags and pouches
- Rigid packaging
- Folding boxes and cartons
- Bottle and Jars
On the basis of Application, the healthcare packaging market is segmented into –
- Pharmaceutical & Biological
- Medical supplies
- Syringes and Needles
- Medical equipment and tools
Healthcare Packaging Market: Regional Outlook
Geographically, the healthcare packaging market is segmented into North America, Asia-Pacific, Europe, South America, and Middle East and Africa (MEA). In 2019, North America was estimated to lead the market with the highest market share in terms of value and volume; moreover, it will continue its dominance in the global market during the forecast period.
However, the Asia-Pacific healthcare packaging market is expected to grow at the highest growth rate in the global market during the forecast period. Developing countries with large populations such as India and China are mainly contributing to the growth of healthcare products, which further strengthens the demand for its packaging in the domestic market. Additionally, the growing population of the region presents a large customer base for the aging population, which is expected to drive the growth of the healthcare packaging market.
The world’s leading manufacturers of healthcare packaging include Avery Dennison Corporation, 3M Company, Electronics International, Inc., CCL Industries Inc. and Amcor Limited.
Other market players include Berry Global, Inc., WestRock Company, Mondi Group, Sonoco Products Company, Constantia Flexibles Group GmbH, Bemis Company, Inc., Toray Plastics (America) Inc., WestRock Company, Winpak Ltd and Klöckner Pentaplast Europe GmbH. & Co. KG.
- In January 2017, WestRock acquired Multi Packaging Solutions (USA), further strengthening WestRock’s position as a leading provider of differentiated paper and packaging solutions.
- In January 2017, Berry Plastics Group, Inc. acquired AEP Industries, Inc. (USA) to expand its product line and increase its production capacity in the market.
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The Healthcare Packaging Market report provides an in-depth analysis of macroeconomic factors along with the market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes contributions from industry participants and industry experts across the value chain.
Healthcare Packaging Market Report Covers Comprehensive Analysis on:
- Market dynamics
- Market segmentation
- Regional analysis
- Market size in value and volume
- Price analysis
- Supply and demand analysis
- Supply chain/value chain
- Business analysis
- Market Factor Analysis
- Market trends
- Regulatory landscape
- Patent Analysis
- Competition landscape
- More than 15 company profiles
The regional analysis includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
Healthcare Packaging Market: Target Audience
- Healthcare packaging manufacturers
- Packaging manufacturing
- Plastic manufacturers
- Manufacturers of health equipment and tools
- raw material suppliers
- Research institutions and universities
- Trade publications and magazines
- Government authorities, associations and organizations
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