Healthcare Packaging Market - Global Industry Analysis

Healthcare Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Healthcare Report Format : PDF Report Code: ZMR-6720 Status : Upcoming

Description

Global Healthcare Packaging Market: Overview

Healthcare packaging materials is a process used for packing drugs, medical devices, tools and other pharmaceutical products. The packaging is done such that the drugs are safe, protected from external environment & biological contamination, and other exterior effects. Also, global healthcare packaging market expected to witness more significant growth due to increasing consumer preference for light weight and highly presentable packaging. Due to environment concerns, governments across the countries are raising awareness for more sustainable packaging and alternatives of plastic are getting more prominence.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Healthcare Packaging Market: Growth Factors

The global healthcare packaging market is expected to flourish at significant rate over the forecast period. Various factors that are capable of driving the market growth include increasing spread of chronic diseases such as heart diseases, arthritis, diabetes, high blood pressure, etc., all over the globe, which is eventually increasing the expenditure of medical sector. Furthermore, rise in adoption of IoT in healthcare industries which aids in tracking every package, record the activities and keep notes of all the prescriptions may do wonders for global healthcare packaging market. Other than that, sustainable packaging is one of the many important concerns that is taking place in healthcare sector; sustainable packaging can help minimize the use of plastic and other non-biodegradable products for packing which can help in sustainable environment. However, due to economic crisis and government factors, the industry is facing little challenges and because of that the market is subjected to downgrade. Also, cost pressures in the medical industry force manufacturers to search for simple and cheap packaging materials. Also, stringent government regulations in some countries may decline the market presence.      

Worldwide COVID-19 vaccination applications are triggering the call for rapid-reaction packaging development. Manufacturers in the healthcare global packaging market are working tirelessly to boom their manufacturing of tubs, lids, trays, and inserts that useful resource for the distribution of coronavirus vaccines and take a look at kits. As such, the U.S. producers had been navigating through shortages in resin delivery because of the pandemic. Packaging groups are crucially responsible to make sure scientific resources are packaged and transported appropriately and speedily. Companies in the global healthcare packaging market are accelerating their production potential of COVID-19 vaccine vials. There are growing efforts to distribute vials to vaccine makers with a view to make sure they are delivered speedily and appropriately in an easy-to-use layout for filling processes. Packaging producers are delivery vials in plastic tubs to pharmaceutical filling plants.

Global Healthcare Packaging Market: Segmentation

Global healthcare packaging market is segmented based on product type, material, end-user, and region. The product type in healthcare packaging market is categorized into bottles, containers, vials, cartridges, pouch, bags, tubes, paper board boxes, caps & closures, and labels, among others. Global healthcare packaging market, on the basis of material is divided into glass, plastic, paper, metal, among others. The end-user segment is divided into pharmaceutical and medical devices.  

Global Healthcare Packaging Market: Regional Analysis

North America expected to dominate the global healthcare packaging market over the forecast period. Some of the major factors contributing significant revenue for the market include strong demand for healthcare packaging materials from one of the most advanced healthcare infrastructures located in the United States and Canada. These international locations are advanced with rich economies and superior scientific shipping systems. Also, these locations range measurably in population size, healthcare spending intensities, combination gross GDP levels, and the shape of medical insurance plans. With superior number one scientific community, vast scientific & lifestyle technological advancements & studies activities, excessive affordability in healthcare spending, and with big pharmaceutical & scientific industries, the US anticipated to remain one of the world's biggest geographical markets for healthcare packaging products. Asia pacific is also expected to have a fastest growth during the forecast period. This is mainly due to increasing government regulations and initiatives for packaging material quality used in healthcare products and increasing investment by major healthcare providers in emerging countries such as China and India. Also, with the low cost of raw materials and labor many healthcare packaging manufacturers are willing to put more investments in Asia Pacific region.

Global Healthcare Packaging Market: Competitive Landscape

The top players in global healthcare packaging market hold most of the shares across the globe. These companies are focusing on mergers, acquisitions, and collaborations, along with growing startups that are aiding the growth. The key players in the market include Amcor plc, Gerresheimer AG., DS Smith Plc, Huhtamäki Oyj, Berry Global, Inc., Sonoco Products Company, Sealed Air Corporation, Constantia Flexibles Group GmbH, Winpak Ltd., CCL Industries Inc., 3M Company, Dunmore Corporation, Toray Plastics (America). Inc., WestRock Company, Mondi Group, BillerudKorsnäs AB, Ball Corporation, Honeywell International, Klöckner Pentaplast Europe GmbH & Co. KG, Avery Dennison Corporation, and others.

Global Healthcare Packaging Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global healthcare packaging market is expected to flourish at significant rate over the forecast period. Various factors that are capable of driving the market growth include increasing spread of chronic diseases such as heart diseases, arthritis, diabetes, high blood pressure, etc., all over the globe, which is eventually increasing the expenditure of medical sector. Furthermore, rise in adoption of IoT in healthcare industries which aids in tracking every package, record the activities and keep notes of all the prescriptions may do wonders for global healthcare packaging market.

The key players in the market include Amcor plc, Gerresheimer AG., DS Smith Plc, Huhtamäki Oyj, Berry Global, Inc., Sonoco Products Company, Sealed Air Corporation, Constantia Flexibles Group GmbH, Winpak Ltd., CCL Industries Inc., 3M Company, Dunmore Corporation, Toray Plastics (America). Inc., WestRock Company, Mondi Group, BillerudKorsnäs AB, Ball Corporation, Honeywell International, Klöckner Pentaplast Europe GmbH & Co. KG, Avery Dennison Corporation, and others.

North America expected to dominate the overall market over the forecast period. Some of the major factors contributing significant revenue for the market include strong demand for healthcare packaging materials from one of the most advanced healthcare infrastructures located in the United States and Canada.

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