Global Healthcare Packaging Market By Overview
Introduction:
Healthcare packaging is a process used for packing drugs, tools, devices, and other pharmaceutical products. It is performed to safeguard and store healthcare products from material damage, biological contamination, and unfavorable exterior effects. Healthcare packaging provides various essential purposes, but the primary role is to protect a packaged pharmaceutical or medical products. Healthcare packaging is designed in order to support the medical standards and also protect medical products as they feature unique specifications and often require sterilization before packaging. As a result of the wide range of medical components, healthcare packaging ranges from pre-formed packages to customized packages for specialty parts. Variations in dimension, size, rigidity, breathability and sterility enable even the most delicate medical component to be shipped in a suitable designed package. The global Healthcare Packaging market accounted for US$ 124.83 billion in 2020 and is estimated to be US$ 228.64 billion by 2030 and is anticipated to register a CAGR of 6.3%.
Global Healthcare Packaging Market By Dynamics
Increased Emphasis on Convenience and Environmental Issues
Increased emphasis on convenience and environmental issues while using healthcare products is the major factor driving growth of the target market. Government across regions are making affordable healthcare mandatory, considering the need for healthcare access across all age groups and the aging population. For instance, Affordable Care Act in the U.S. has allowed for almost 30 million more US citizens to obtain insurance. Increasing demand for healthcare packaging, owing to rising demand for better healthcare & medical facilities, increasing medical awareness, is boosting growth of the global healthcare packaging market. In addition, advantageous trends in e-commerce medical industry such as free home delivery and 24x7 easy purchases are projected to propel growth of the target market. However, stringent rules and regulations regarding packaging especially material-specific standards may hamper growth of the global market over the forecast period. Nevertheless, agreements & expansions and mergers & acquisitions globally are the ongoing trend observed, which is expected to support the target market growth over the forecast period.
Market players are focusing on development of new product
Market players are focusing on development of new product such as use of printed electronics which records date and time of pills being removed from the packet provides reliable information to medical professionals. In addition, companies are also focusing on technological interventions for smarter pharmaceutical products with the help of such as tracking technology in blister packaging, which when connected with smartphones or tablets, reminds patients to take medication on time. Healthcare packaging by utilizing smart materials or electronic motoring features could be an impending opportunity for market players operating in the global healthcare packaging market over the forecast period.
Global Healthcare Packaging Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global healthcare packaging market is segmented based product type, end-user vertical, and region.
On the basis of product type, the global healthcare packaging market is divided into pouches, bags, clamshell packs, trays, blister packs, syringes, caps & closures, and cartons, containers, & boxes. Based on end-user vertical, the target market is segmented into pharmaceutical and medical devices. Medical devices segment occupies more than 1/3 of the total healthcare packaging market share. The segment is anticipated to witness significant growth over. However, considerable demand is expected from the pharmaceuticals segments, owing to the increasing geriatric population and rising consumption of drugs and medicines among children.
Regional Insights:
The global Healthcare Packaging market accounted for US$ 124.83 billion in 2020 and is estimated to be US$ 228.64 billion by 2030 and is anticipated to register a CAGR of 6.3%. On region the global Healthcare Packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the global market and is expected to maintain its dominance over the forecast period. This can be primarily attributed to the strong presence of medical and pharmaceutical device and manufacturers in the U.S., as R&D investments of regional pharmaceutical companies have grown consistently over the past 15 years. The U.S. is accounted to remain the largest consumer of pharmaceutical packaging, as new sophisticated therapies with specialized packaging needs are being launched. Rapidly growing population along with increasing number of surgical operations and stringent government standardizations is expected to strengthen the U.S. segment of the target market over the forecast period. The global market in Asia Pacific is projected to register highest CAGR in terms of revenue, owing to increasing healthcare industry and growing number of generic manufacturing and contract manufacturing facilities.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product Type- Pouches, Bags, Clamshell Packs, Trays, Blister Packs, Syringes, Caps & Closures, and Cartons, Containers, & Boxes By End-user Vertical– Pharmaceutical and Medical Devices |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Healthcare Packaging market report based on product type, end-user vertical, and region.
Global Healthcare Packaging Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Healthcare Packaging Market By Key Players
The key players operating the global healthcare packaging market involves WestRock Company, Sonoco Products Company, Avery Dennison Corporation, Gerresheimer AG, DowDuPont, Amcor Limited, Bemis Co. Inc., BASF SE, Sonoco Products Company, and Industrial Development Company (INDEVCO) SAL. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in Feburay 2019, Sealed Air Corporation acquired MGM’s flexible packaging business, its move for expansion in the Asian market. In April 2018, Gerresheimer added plastic eye dropper bottle systems and solid dosage containers to its NorthAmerican product lines.
WestRock Company
WestRock is a corrugated packaging company based within the United States. It was created in July 2015 at the same time as MeadWestvaco and RockTenn merged. WestRock is the second-largest packaging manufacturer in the United States. With annual income of $15 billion and 42,000 humans in 30 countries, it is one of the world's major paper and packaging enterprises. The company's headquarters are in Sandy Springs, Georgia, wherein offices from Norcross, Georgia, and Richmond, Virginia were consolidated.
Global Healthcare Packaging Market By Company Profile
- WestRock Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sonoco Products Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Avery Dennison Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gerresheimer AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DowDuPont
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amcor Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bemis Co. Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sonoco Products Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Industrial Development Company (INDEVCO) SAL
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Healthcare Packaging Market By Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Healthcare Packaging Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By End-user Vertical
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Healthcare Packaging Market, By Product Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pouches
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Bags
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Clamshell Packs
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Trays
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Blister Packs
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Syringes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Caps & Closures
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cartons, Containers, & Boxes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Healthcare Packaging Market, By End-user Vertical, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical Devices
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Healthcare Packaging Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-user Vertical, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-user Vertical, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-user Vertical, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-user Vertical, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-user Vertical, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- WestRock Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sonoco Products Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Avery Dennison Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Gerresheimer AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- DowDuPont
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Amcor Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Bemis Co. Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sonoco Products Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Industrial Development Company (INDEVCO) SAL
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- WestRock Company
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global healthcare packaging market is segmented based product type, end-user vertical, and region.
Increased emphasis on convenience and environmental issues
North America is dominating the global market and is expected to maintain its dominance over the forecast period. This can be primarily attributed to the strong presence of medical and pharmaceutical device and manufacturers in the U.S., as R&D investments of regional pharmaceutical companies have grown consistently over the past 15 years.
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in Feburay 2019, Sealed Air Corporation acquired MGM’s flexible packaging business, its move for expansion in the Asian market.