Global Healthcare Packaging Market is Likely to Grow at a CAGR Value of 6.10% By 2028

The global healthcare packaging market size was worth USD 124.10 billion in 2021 and is estimated to grow to USD 177.03 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.10 percent over the forecast period. The report analyzes the healthcare packaging market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare packaging market.

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. In medical, diagnostic, and surgical procedures, as well as for certain health professionals who require a pre-packaged, sterilized plastic container carrying their particular selection of tools, devices, and related peripherals, these products are becoming more and more specialized. The strength of government support for healthcare and pharmaceutical institutes for drug discovery is projected that plastic packaging used in the healthcare sector will increase even more. The global health care provider management 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.

The global healthcare packaging market is segregated based on package format, material type, and end-use. The market is divided into flexible and rigid packaging based on package format. Between them, the rigid packaging segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on material type, the market is divided into plastic, metal, glass, and paper & paper board. In 2021, the plastic category will dominate the global market. Based on end use, the market is divided into pharma & biological, medical supply, and medical equipment. In 2021, the medical equipment category will dominate the global market.

The global healthcare packaging market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. 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 & medical sector. 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 market due to the growing developmental activities and rapid economic expansion.

Key players in the global healthcare packaging 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 . Inc., WestRock Company, Mondi Group, BillerudKorsnäs AB, Ball Corporation, Honeywell International, Klöckner Pentaplast Europe GmbH & Co. KG, Avery Dennison Corporation and other players.

Recent Development:

• Amcor plc introduced a recyclable thermoform blister packaging style in April 2021. It is meant to adhere to the strict regulations governing pharmaceutical packaging while providing a more environmentally friendly option.

Browse the full “Healthcare Packaging Market By Packaging Format (Flexible Packaging and Rigid Packaging), By Material Type (Plastic, Metal, Glass, and Paper & Paper Board), By End Use (Pharma & Biological and Medical Supply and Medical Equipment), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/healthcare-packaging-market

The global healthcare packaging market is segmented as follows:

By Packaging Format     

• Flexible Packaging
• Rigid Packaging

By Material Type

• Plastic
• Metal
• Glass
• Paper & Paper Board

By End Use        

• Pharma & Biological
• Medical Supply
• Medical Equipment

By Region

• 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

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