Published: Jul, 2019
Transparency Market Research provides key insights for the healthcare packaging market, in its latest report. The global healthcare packaging market is expected to expand at a CAGR of ~ 5% during the forecast period of 2019-2027.
Various formats used for the packaging of pharmaceuticals, biologicals, medical supplies, and medical equipment are included in the study of healthcare packaging in this report. Plastic material is mostly used in the manufacturing of healthcare packaging due to its high sterilization and tamper-evident properties. Both, flexible and rigid packaging formats are used in healthcare packaging as per the need for storage and transportation.
In the report, TMR projects that, the medical supplies end-use segment is expected to drive the healthcare packaging market growth during the forecast period. More than half of healthcare packaging was made from plastic material in 2018, while paper and paperboard hold the second position in material type, and are poised for high growth during the period of 2019-2027.
Large manufacturers of healthcare packaging are based in the North American and European regions. Manufacturers are focusing on strategies such as expansions, acquisitions, and product launches to sustain in the competition. Global key players are eyeing the Asia Pacific region to expand their business, and acquire new pharmaceutical and medical supply manufacturers as customers.
The United States is estimated to be a prominent region in the global healthcare packaging market. The United States represents almost 90% of the healthcare packaging market in North America, while Canada is expected to expand at a high CAGR during the forecast period. Child-resistant and anti-counterfeiting packaging are trending in the North American healthcare packaging market. The entry of Amcor Limited after the acquisition of Bemis Company Inc. is expected to increase the competition in the North America healthcare packaging market. Furthermore, manufacturers are highly focusing on active and smart packaging research and development to improve product functions from packaging to intelligent packaging.
Europe is estimated to hold a significant position in the global healthcare packaging market during the forecast period, owing to the high production of medical supplies and equipment. The European healthcare market is studied by considering Germany, Spain, Italy, France, the United Kingdom, Benelux, Nordic, Russia, Poland, and the Rest of Europe. Germany is expected to be a prominent healthcare packaging market in terms of market value. Poland is projected to witness high market growth owing to the entry of European manufacturers in Poland. The remarkable growth in biologics in Europe is expected to increase healthcare packaging specific to biologics. European healthcare companies are majorly focused on the use and wastage of plastic across the supply chain, and demanding eco-friendly healthcare packaging solutions.
The Asia Pacific market is witnessing impressive growth owing to the growing healthcare sector in China and India. Increased healthcare expenditure and entry of global pharmaceutical and medical equipment manufacturers are creating lucrative opportunities for healthcare packaging manufacturers in Asia Pacific. China and India are estimated to cumulatively hold half of the Asia Pacific healthcare packaging market share, due to which, packaging manufacturers in Europe and the United States are highly focusing on expansions and mergers in these countries.
The Latin America healthcare packaging market is expected to account for a lower market share, due to the import of pharmaceuticals and medical supplies from North American countries. In the Latin America healthcare packaging market, Brazil is estimated to be the leading marketplace for healthcare packaging, while Mexico is projected to witness impressive growth during the forecast period. The Middle East & Africa is anticipated to show steady growth in the healthcare packaging market. In the MEA healthcare packaging market, GCC Countries are estimated to have prominent market shares due to the growing demand for healthcare packaging.
Key players operating in the global healthcare packaging market are 3M Company Amcor Limited, Avery Dennison Corporation, Ball Corporation, Bemis Company, Inc., Berry Global, Inc., BillerudKorsnäs AB, CCL Industries Inc., Constantia Flexibles Group GmbH, DS Smith Plc, Dunmore Corporation, Honeywell International, Huhtamäki Oyj, Klöckner Pentaplast Europe GmbH & Co. KG, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Toray Plastics (America). Inc., WestRock Company, and Winpak Ltd.
Global Healthcare Packaging Market: Classification
Healthcare Packaging Market by Packaging Format
- Flexible Packaging
- Bags & Pouches
- Rigid Packaging
- Boxes & Folding Cartons
- Bottles & Jars
- Aerosol Cans
- Ampoules & Vials
Healthcare Packaging Market by Material
- Polyvinyl Chloride
- Other Plastics
- Paper & Paper Board
Healthcare Packaging Market by End Use
- Pharma & Biological
- Medical Supplies
- Syringe & Needles
- Surgical Tapes
- Medical Equipment
Healthcare Packaging Market by Region
- North America
- Latin America
- Asia Pacific
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