Global Healthcare Packaging Market Forecast to 2025 - COVID-19 Impact and Global Analysis By Type, Technology, and Application
Healthcare packaging market has significant growth scope and is
expected to reach USD 131.1 billion by 2025. The reports forecast the
healthcare packaging market by material, packaging, application, and region. It
highlights COVID-19 impact on the healthcare packaging industry.
Description
Global Healthcare Packaging Market: by Material (Plastic, Metal,
Glass, and Paper & Paperboard), by Packaging (Flexible Packaging and Rigid
Packaging), by Application (Pharmaceutical & Biological, Medical Supplies,
and Medical Equipment & Tools), and by Region – Global Industry Sizing,
Growth, Trend, Opportunity, and Forecast (2020–2025)
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The healthcare packaging market report covers a thorough analysis
of the market dynamics, business models, segmental/regional analysis, and
respective market shares and strategies adopted by the key market players
operating in the global market. It entails an in-depth analysis of the factors
influencing the global market and market statistics indicating region wise and
segment-wise market share/growth analysis. The report's study will outlook one
of the most exhaustive analysis of the market, capturing all the aspects of the
healthcare packaging industry.
Healthcare Packaging Industry: Introduction
The healthcare packaging market size valued at USD 93.5 billion in
2019 and expected to register a CAGR of 5.8% during the forecast period,
2020-2025. Packaging for healthcare is a process used to pack drugs, devices,
instruments, and other healthcare products. It is designed to store and protect
healthcare products against biological contamination, damage to materials, and
unfavorable external effects. High-density polystyrene, polyethylene, polyvinyl
chloride, or polypropylene are used in healthcare packaging production, which
is further impermeabilized by gas to make sterile packaging.
Healthcare Packaging Market: Dynamics
Various pivotal factors are driving the global healthcare
packaging market growth, which includes an increase in the incidence of chronic
conditions and healthcare expenditure, High growth in the market for
implantable devices, IoT growth in the healthcare and medical sectors, and
increasing demand for mechanisms to prevent counterfeiting.
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Furthermore, the continuous growing demand for sustainable
solutions for packaging, emerging markets represent opportunities for company
expansion, are the main reason for the market's growth. Due to increased demand
for plastic packaging in the healthcare & pharmaceutical industry,
expansion of the healthcare market, and increased consumer preference for
lightweight, robust, and highly attractive packaging, the healthcare packaging
market will witness a rapid growth over the forecast period. Moreover, the rise
in chronic diseases and awareness among individuals of the benefits of packaged
healthcare products will open growth opportunities for the manufacturers in the
global healthcare packaging industry in the coming years. However, strict
regulatory standards on the use of plastics are expected to impede the growth
of the market for plastic healthcare packaging.
New drug launches and pipeline packaging solutions will serve as
an opportunity for the packaging market for plastic health care. The primary
constraint for the market is fluctuations in the price of raw materials.
Impact of COVID-19 on Healthcare Packaging Market
A comprehensive analysis is conducted on the presence of the
healthcare packaging industry across different regions & countries, top
market share of companies, growth rate & analysis of prices. In the market
research report, the severe disruptions caused by COVID-19, recovery measures,
innovations, new technologies & emerging sectors are evaluated.
Healthcare Packaging Market: Scope of the Report
The report outlines the study of the healthcare packaging market based on material, packaging, and application.
Healthcare Packaging Market: Regional Outlook
From a geographical viewpoint, the healthcare packaging market is
segmented into North America, Asia Pacific, Europe, South America, and Middle
East & Africa (MEA). In 2019, North America was estimated to lead the
market with the highest market share in terms of value and volume; also, 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 global market's highest growth rate during the forecast period.
Developing countries with a high population such as India and China are
primarily contributing to the growth of the healthcare products, which further
enhances the demand for its packaging in the domestic market. Besides, the
growing population in the region presents a large customer base for the aging
population, which is expected to lead to growth in the market for healthcare
packaging.
Competitive Landscape
The leading global
healthcare packaging manufacturers 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 (US), enhancing WestRock's position
as a leading supplier of differentiated paper and packaging solutions.
·
In January 2017,
Berry Plastics Group, Inc. acquired AEP Industries, Inc. (US) to expand its
range of product offerings and increase its market production capacity.
The healthcare packaging market report provides a thorough
analysis of macro-economic factors along with the market attractiveness of
every segment. The report will include an in-depth qualitative and quantitative
assessment of segmental/regional outlook with the market players' presence in
the respective segment and region/country. The information concluded in the
report includes the inputs from industry participants and industry experts
across the value chain.
The healthcare packaging market report covers
comprehensive analysis on:
·
Market Dynamics
·
Market Segmentation
·
Regional Analysis
·
Market Size in Value
and Volume
·
Pricing Analysis
·
Supply & Demand
Analysis
·
Supply Chain/Value
Chain
·
Trade Analysis
·
Market Factor
Analysis
·
Market Trends
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