USD 28.60 Billion
Plastic HealthCare Packaging Market Size, Share, Growth Analysis, By Type(Bottles Packaging, Vials), By Material(Polyethylene, Polypropylene), By Industry(Pharmaceutical Packaging, and Medical Device Packing) - Industry Forecast 2024-2031
Report ID:
SQMIG15H2055 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
91 |
Figures:
76
Plastic HealthCare Packaging Market Insights
Global Plastic HealthCare Packaging Market size was valued at USD 28.60 Billion in 2022 and is poised to grow from USD 30.12 Billion in 2023 to USD 45.52 Billion by 2031, at a CAGR of 5.30% during the forecast period (2024-2031).
The international plastic healthcare packaging marketplace has witnessed good sized developments in current years. With a developing emphasis on healthcare and pharmaceutical merchandise' protection and integrity, the call for modern packaging solutions has surged. Plastic healthcare packaging gives a flexible and reliable manner of making sure product protection, tamper-evidence, and longer shelf existence. This marketplace's boom is driven via growing healthcare awareness, stringent regulatory requirements, and the need for convenient, user-pleasant packaging solutions.
Additionally, environmental sustainability worries have caused advancements in eco-friendly plastic packaging options. Market players are constantly striving to decorate materials, designs, and production methods to cater to evolving enterprise desires and client expectancies. Collaboration among stakeholders, along with producers, healthcare vendors, and regulators, plays a pivotal position in shaping the future of plastic healthcare packaging, with a sturdy attention on product protection, accessibility, and environmental obligation. As the healthcare enterprise keeps to conform, the plastic healthcare packaging region is poised for persisted innovation and growth.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Bottles Packaging
Fastest Growth
Bottles Packaging
Growth Rate
5.30% CAGR
Global Plastic HealthCare Packaging Market ($ Bn)
Country Share for North america Region (%)
Global Plastic HealthCare Packaging Market By Type ($ Bn)
Global Plastic HealthCare Packaging Market By Type (%)
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Plastic HealthCare Packaging Market Segmental Analysis
The worldwide Plastic HealthCare Packaging Market is segmented on the basis of type, material, industry, and area. Based on type the market is segmented as Bottles Packaging, Vials, Pouches, Others. On the idea of cloth the market is segmented as Polyethylene, Polypropylene, Polyethylene Terephthalate, Others. Based on Industry, it is segregated into Pharmaceutical Packaging, Medical Device Packing. Based on vicinity, the marketplace is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Bottles packaging is currently the dominating type in the plastic healthcare packaging market. This is primarily due to its versatility and reliability in preserving the integrity and safety of various healthcare and pharmaceutical products. Bottles offer awesome protection, are tamper-resistant, and feature an extended shelf existence, making them a favored desire for a huge variety of clinical and pharmaceutical programs.
However, pouches are the quickest-growing kind within the plastic healthcare packaging marketplace. Their popularity is growing due to the fact they're light-weight, bendy, and might accommodate various product styles and sizes. Pouches additionally offer comfort, ease of use, and are frequently considered eco-friendly due to reduced fabric usage and transportation fees. As sustainability and user-friendliness gain importance, pouches are increasingly desired in the marketplace.
Analysis by Material
Polyethylene is the dominating cloth inside the plastic healthcare packaging marketplace. Its sizable use can be attributed to its versatility, affordability, and compatibility with a wide range of healthcare merchandise. Its flexibility and ability to form various packaging sorts make it a favored desire for lots of programs within the healthcare region.
However, Polyethylene Terephthalate (PET) is the fastest-developing cloth in the plastic healthcare packaging market. This growth is pushed by way of its notable readability, barrier homes, and recyclability, making it ideal for pharmaceutical and scientific tool packaging. As sustainability gains prominence, PET's green traits make a contribution to its rapid adoption inside the enterprise.
Global Plastic HealthCare Packaging Market By Type, 2023 (%)
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Plastic HealthCare Packaging Market Regional Insights
North America presently dominates the plastic healthcare packaging marketplace. This is due to superior healthcare infrastructure, excessive healthcare spending, and stringent policies ensuring product protection and best. The vicinity's mature pharmaceutical industry and a sturdy cognizance of research and improvement similarly bolster its leading role in the marketplace.
However, Asia Pacific is the fastest-growing area inside the plastic healthcare packaging marketplace. Rapidly expanding healthcare markets, a growing ageing population, and increasing healthcare recognition are driving demand for pharmaceuticals and healthcare products. Additionally, the vicinity's growing middle-magnificence population and a surge in pharmaceutical manufacturing centers make contributions to its accelerated boom in this sector.
Global Plastic HealthCare Packaging Market By Region, 2024-2031
- Largest
- Fastest
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Plastic HealthCare Packaging Market Dynamics
Drivers
Growing Healthcare Awareness
- A principal motive force in the plastic healthcare packaging marketplace is the growing attention and cognizance of healthcare. As humans emerge as more fitness-conscious, there's a better demand for prescription drugs and clinical merchandise, leading to increased demand for secure and revolutionary packaging solutions.
Restraints
Environmental Sustainability Concerns
- One of the important restraints within the plastic healthcare packaging market is the developing situation for environmental sustainability. As the rush for eco-friendly solutions intensifies, there may be a need to balance the blessings of plastic packaging with its environmental effect. This can pose challenges in phrases of locating sustainable substances and strategies at the same time as meeting regulatory necessities.
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Plastic HealthCare Packaging Market Competitive Landscape
In the incredibly aggressive landscape of the plastic healthcare packaging market, several groups are vying for market proportion. These gamers are engaged in steady innovation and technological improvements to develop modern-day packaging answers. The competitive environment is characterised via a focus on enhancing materials and designs, making sure compliance with stringent healthcare regulations, and addressing sustainability concerns.
Collaborations and partnerships are not unusual strategies as industry individuals paint collectively to create more secure, more handy, and environmentally accountable packaging options. With the growing demand for secure and user-friendly healthcare packaging solutions, competition remains fierce, driving continuous improvements and innovation across the industry.
Top Player’s Company Profiles
- Mondi (UK)
- Nipro Europe Group Companies (UK)
- Comar, LLC. (US)
- Beacon Converters, Inc. (US)
- TekniPlex Inc. (US)
- Klockner Pentaplast (UK)
- Origin Pharma Packaging (UK)
- Amcor Plc (UK)
- Gerresheimer AG (UK)
- Constantia Flexibles Group (UK)
- Becton, Dickinson and Company (US)
- Owens-Illinois, Inc. (US)
- West Pharmaceutical Services, Inc. (US)
- Berry Global, Inc. (US)
- AptarGroup, Inc. (US)
- MeadWestvaco Corporation (US)
- Alpha Packaging (US)
- Silgan Holdings Inc. (US)
- Winpak Ltd. (US)
- Schott AG (UK)
Recent Developments
- In May 2023, Amcor Inc., a global chief in packaging solutions, took a full-size step by getting into a definitive agreement to acquire Moda Systems. This strategic pass is designed to strengthen Amcor's abilities in the realm of film-based packaging. The acquisition is set to provide an all-encompassing packaging answer, masking number one packaging, gadget, onsite technical help, and elements.
- Iin January 2023, Amcor Inc. Verified its commitment to expanding its presence in the Asia-Pacific vicinity through pronouncing an settlement to acquire MDK, a distinguished company of clinical tool packaging. This strategic acquisition is predicted to give a boost to Amcor's foothold in this dynamic and hastily growing marketplace.
- In April 2022, Amcor Inc. Marked an important milestone with the advent of greater sustainable excessive defense laminates. This innovation underscores Amcor's determination to improve its pharmaceutical packaging portfolio, offering solutions that align with sustainability desires whilst assembling the enterprise's stringent necessities.
Plastic HealthCare Packaging Key Market Trends
- Sustainability-Driven Packaging Solutions: A most important key market fashion inside the plastic healthcare packaging region is a significant shift closer to sustainability-pushed answers. With growing environmental worries, clients, healthcare vendors, and regulatory bodies are all pushing for eco-friendly packaging options. This fashion has caused the improvement of recyclable, biodegradable, and reduced-plastic packaging substances and designs to meet both marketplace needs and regulatory pressures.
Plastic HealthCare Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to Global Plastic HealthCare packaging market analysis, the market has been experiencing steady growth, driven by several key factors. Increased demand for pharmaceuticals and medical gadgets, coupled with developing healthcare expenditures, had been fueling the want for advanced and specialised packaging solutions. Plastic packaging, regarded for its versatility, durability, and capability to shield touchy medical products, has come to be a popular preference in the healthcare industry.
The market had also been motivated by a heightened attention on affected person protection and regulatory compliance. Stringent policies and nice standards necessitated progressive and tamper-obtrusive packaging solutions. Companies in this region have been investing in studies and improvement to create sustainable and environmentally pleasant plastic packaging options, responding to the developing awareness of sustainability issues.
Looking beforehand, it is important to take into account ongoing trends within the global healthcare and packaging industries, inclusive of the increasing demand for eco-friendly and recyclable packaging substances because of environmental issues. Regulatory adjustments and evolving customer alternatives may additionally form the marketplace. It is probable that improvements in clever packaging, that may provide real-time statistics approximately the condition of the goods interior, will have an advantage. Moreover, as the worldwide healthcare region continues to expand, particularly in emerging markets, the call for plastic healthcare packaging is expected to stay strong.
Increased demand for pharmaceuticals and medical devices, coupled with growing healthcare expenditures, had been fueling the need for advanced and specialized packaging solutions. Plastic packaging, known for its versatility, durability, and ability to protect sensitive medical products, has become a popular choice within the healthcare industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 28.60 Billion |
| Market size value in 2031 | USD 45.52 Billion |
| Growth Rate | 5.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plastic HealthCare Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plastic HealthCare Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plastic HealthCare Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plastic HealthCare Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plastic HealthCare Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plastic HealthCare Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Plastic HealthCare Packaging Market Report Snapshots
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