According to the report, the healthcare packaging market is likely to witness a CAGR of 6.2% during the forecast period. Healthcare packaging involves the packaging of pharmaceutical products and medical devices. Based on the product type, the market can be segmented as bottles and containers, vials & ampoules, cartridges and syringes, pouches and bags, blister packs, tubes, paper board boxes, caps and closures, labels, and others. Based on material type, it can be classified as glass, plastic, and others.
The prime factors that are driving the healthcare packaging market are-
- An increasing number of hospitals, therapeutic equipment manufacturers, and diagnostic centers,
- Increasing demand for microbial packaging
- Stringent regulations; and a growing aging population
- Expanding application range, technological advancements, and surge in demand from the Asia-Pacific region.
Key Market Players –
- Gerresheimer AG
- Corning Incorporated
- Nipro Corporation
- SGD SA
- Stölzle-Oberglas GmbH
- Bormioli Pharma SRL
- Schott AG
- Shandong Medicinal Glass Co. Ltd.
- Beatson Clark PLC
- Arab Pharmaceutical Glass Co.
- Piramal Glass Pvt Ltd.
- Sisecam Group
Based on the product type, the market is segmented as bottles and containers, vials & ampoules, cartridges and syringes, pouch and bags, blister packs, tubes, paper board boxes, caps and closures, labels, and others. Blister pack is expected to witness the fastest growth in the market owing to its excellent properties such as protection from moisture and a wide range of applications.
Based on the end-use type, the healthcare packaging market is segmented as pharmaceuticals and medical devices. The pharmaceuticals segment is expected to remain the larger end-use type of market owing to the increasing product range, rapidly growing healthcare infrastructure, and stringent regulations from governing bodies.
In terms of regions, North America is estimated to be the largest market for healthcare packaging during the forecast period. The USA is the largest market for healthcare packaging in the region. Established healthcare infrastructure, the presence of a large number of players, significant investment towards R&D, and an aging population are some of the major factors driving the growth of the market in the USA. Europe and Asia-Pacific are also expected to witness a healthy demand for healthcare packaging owing to the rising elderly population, economic development in the region, increasing per capita income in emerging economies, and improving healthcare infrastructure.
FAQs in the report -
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Healthcare Packaging?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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