Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 180.79 Billion | USD 323.77 Billion | 6% | 2024 |
The global healthcare packaging market size was worth around USD 180.79 Billion in 2024 and is predicted to grow to around USD 323.77 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 6% between 2025 and 2034.
The report analyzes the global healthcare packaging market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare packaging industry.
Although healthcare packaging has several noteworthy aspects, its main purpose is to protect a packaged medical gadget or pharmaceutical product. Healthcare product packaging aims to uphold the strictest medical standards and norms while also safeguarding the integrity of the product because healthcare products may have specific requirements and are frequently sterilized before packing. Throughout its shelf life, the product should remain stable in the packaging. Businesses in the healthcare packaging industry are expanding their capacity to produce COVID-19 vaccination vials.
To ensure that vials arrive swiftly, safely, and in a manner that is simple to use for filling procedures, they are stepping up their efforts to send vials to vaccine manufacturers. Pharmaceutical filling plants receive vials in plastic tubs from packaging makers. The production and packaging procedures used in the pharmaceutical and medical device sectors strongly emphasize safety and sustainability. To combat the sale of fake medications and medical equipment, traceability laws have been implemented throughout the healthcare industry.
One of the most pervasive developments in the provision of medical and surgical equipment is the rise of disposable kits. Market expansion is impacted by strict laws, globalization, and other economic considerations. For manufacturers, it might be difficult to establish and apply improved procedures for rapidly evolving labels and new regulatory regimes for information and anti-counterfeiting. Regarding economic concerns, pharmaceutical packaging industries constantly face downward pricing pressure from numerous governmental and economic variables.
Pharmaceutical industry development in emerging nations to drive market growth
The governments of developing countries like China and India are working hard to improve pharmaceutical manufacturing skills and boost local drug output. These nations' expanding pharmaceutical industries are boosting the demand for effective packaging solutions. For instance, to meet its customers' needs for pharmaceutical packaging in these nations, Gerresheimer AG constructed two new plastic packaging manufacturing facilities in China and India in 2021. It is projected that the rapidly expanding pharmaceutical sector in emerging countries would greatly expand the global healthcare packaging market.
Strict regulatory reforms likely to affect market expansion
The market is growing, but there are obstacles, including strict laws, globalization, and other economic variables. For manufacturers, it might be difficult to establish and apply improved procedures for rapidly evolving labels and new regulatory regimes for information and anti-counterfeiting. The pharmaceutical packaging industries constantly face downward pricing pressure from numerous governmental and economic variables. To improve their R&D capabilities and create solutions to problems, packaging businesses are working with doctors to raise awareness of the regulatory, economic, and globalization constraints.
The global healthcare packaging market is segregated based on package format, material type, end-use, and region.
Based on Product Type, the global healthcare packaging market is divided into Rigid Packaging, Flexible Packaging, Semi-Rigid Packaging.
On the basis of Packaging Type, the global healthcare packaging market is bifurcated into Primary Packaging, Secondary Packaging, Tertiary Packaging.
Based on material type, the global healthcare packaging market is divided into plastic, metal, glass, and paper & paper board. In 2021, the plastic category dominated the global market. The most lucrative material for manufacturers worldwide is plastic. Since recyclable polymers like polyethylene and polyethylene terephthalate are frequently employed to create sustainable healthcare packaging solutions, plastic is expected to present an additional possibility.
Based on end use, the market is divided into pharma & biological, medical supply, and medical equipment. In 2021, the medical equipment category dominated the global market. The packaging industry is frequently challenged to develop high-quality, anti-microbial packaging as a result of the technological advancements in the medical device sector.
Report Attributes | Report Details |
---|---|
Report Name | Healthcare Packaging Market |
Market Size in 2024 | USD 180.79 Billion |
Market Forecast in 2034 | USD 323.77 Billion |
Growth Rate | CAGR of 6% |
Number of Pages | 299 |
Key Companies Covered | Amcor, WestRock, Gerresheimer, Schott AG, BD, Berry Global, West Pharmaceutical Services, Avery Dennison, Ball Corp, Crown Holdings, DuPont, International Paper Co, Oliver Healthcare Packaging, Smurfit Kappa, DS Smith, Mondi, Sonoco, Abbott, AptarGroup, CCL Industries, Constantia Flexibles, Nelipak Healthcare, Origin Pharma Packaging, and others. |
Segments Covered | By Product Type, By Packaging Type, By Material, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the healthcare packaging market in 2034
The global healthcare packaging market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is anticipated to govern the global market during the forecast period. Although both the United States and Canada are developed nations with thriving economies, aging population segments, and cutting-edge medical delivery systems, the populations of the two nations differ noticeably in terms of size, healthcare spending intensity, aggregate gross domestic product (GDP) levels, and health insurance plan structure.
The United States is one of the largest geographical markets for healthcare packaging products due to its advanced primary medical community, extensive medical & life science research activities, high healthcare spending intensity, and sizable pharmaceutical and medical. The Asia Pacific market is anticipated to develop at the highest CAGR during the projected period. The most populous area in the world, Asia-Pacific is expected to grow faster than any other region-level market. Countries like India and China are anticipated to have strong growth in the healthcare packaging market due to the growing developmental activities and rapid economic expansion.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the healthcare packaging market on a global and regional basis.
The global healthcare packaging market is dominated by players like:
By Product Type
By Packaging Type
By Material
By Application
By Region
FrequentlyAsked Questions
The global healthcare packaging market is expected to grow due to stringent safety regulations, increasing demand for pharmaceutical products, and the need for extended shelf life and tamper-proof packaging.
According to a study, the global healthcare packaging market size was worth around USD 180.79 Billion in 2024 and is expected to reach USD 323.77 Billion by 2034.
The global healthcare packaging market is expected to grow at a CAGR of 6% during the forecast period.
North America is expected to dominate the healthcare packaging market over the forecast period.
Leading players in the global healthcare packaging market include Amcor, WestRock, Gerresheimer, Schott AG, BD, Berry Global, West Pharmaceutical Services, Avery Dennison, Ball Corp, Crown Holdings, DuPont, International Paper Co, Oliver Healthcare Packaging, Smurfit Kappa, DS Smith, Mondi, Sonoco, Abbott, AptarGroup, CCL Industries, Constantia Flexibles, Nelipak Healthcare, Origin Pharma Packaging, among others.
The report explores crucial aspects of the healthcare packaging market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed