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The healthcare packaging market size is forecast to increase by USD 53.9 billion, at a CAGR of 6.49% between 2023 and 2028. Market growth is influenced by several pivotal factors, including the rising global consumption of drugs, heightened utilization of disposable medical products, and growing demand for parenteral containers. The uptick in drug consumption globally is driven by various factors such as aging populations, the prevalence of chronic diseases, and advancements in healthcare access. Additionally, the adoption of disposable medical devices is on the rise due to their convenience, cost-effectiveness, and hygiene benefits. Similarly, the increasing demand for parenteral containers, fueled by the expanding pharmaceutical industry, underscores the importance of efficient packaging to meet healthcare demands effectively. These factors collectively contribute to the market's growth trajectory, indicating a promising outlook for the pharmaceutical and healthcare sectors.
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The healthcare packaging market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is a complex ecosystem influenced by various factors that shape its segmentation and growth trajectory. Key players in this market include pharmaceutical organizations and pharmaceutical companies who drive demand for specialized packaging solutions. Rigid packaging segments cater to the stringent requirements of pharmaceutical products, ensuring their safety and efficacy during storage and transportation. Primary packaging solutions play a critical role in preserving the integrity of medicines, medical devices, and biologic medications. High-tech equipment is increasingly integrated into healthcare packing processes, leveraging technological breakthroughs to enhance efficiency and quality control. Radio-frequency identification (RFID) and near-field communication (NFC) technologies enable real-time tracking and authentication, combating the threat of counterfeit drugs.
The market share growth of the primary packaging segment will be significant during the forecast period. The primary packing segment includes all the kinds of packing items or products that come into direct contact with the drug or pharmaceutical, or healthcare product and form part of the complete product. Primary packaging products include ampules, vials, glass and plastic bottles, caps, closures, liners, pouches and seals, blister packs, medication tubes, and pre-fillable syringes and inhalers.
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The primary packaging segment was valued at USD 74.90 billion in 2018. The segment included in this segment includes glass jars and bottles and IV containers. IV containers are available in a variety of dimensions and are increasingly being made from environment-friendly materials such as PVC and diethylhexyl phthalate (DEHP). Therefore, the market is expected to grow during the forecast period.
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APAC is estimated to contribute 38% to the growth of the global healthcare packaging market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in APAC is expected to observe rapid growth during the forecast period due to the growth in healthcare infrastructure, contract manufacturing, government initiatives, the burgeoning population, and an increase in the sale of self-medication and over-the-counter (OTC) drugs. With the rapid economic growth in countries such as China, India, Japan, and South Korea, there has been a growth in healthcare infrastructure, such as hospitals and other healthcare facilities. China provides high tax benefit policies to local manufacturers of medical devices. Hence, such factors are driving the market in APAC during the forecast period.
The market is driven by advancements in high-tech equipment and technological breakthroughs, ensuring safer and more efficient packaging solutions. Trends indicate a shift towards sustainable packaging and the use of recyclable medical polymers to address environmental issues and meet government regulations. Pharmaceutical organizations and companies are increasingly focusing on primary packaging for biologic medications to cater to the rising demand from the healthcare sector. However, challenges such as combating counterfeit drugs and addressing the needs of the geriatric population in terms of aseptic and microbial packaging remain significant.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increased worldwide consumption of drugs is notably driving healthcare packaging market growth. The consumption of drugs is increasing worldwide due to the increased incidence and prevalence of chronic diseases, hectic lifestyles, and the aging of the population. Technologically advanced methods have replaced traditional methods of drug manufacturing and have transformed the entire market, which is now characterized by the use of high-tech equipment, technology, and hefty investments.
Moreover, technological innovations, changes in the production process, and better efficiency have enabled drug manufacturers worldwide to cater to the increased demands from customers for drugs in different forms, such as inhalants, aerosols, pessaries, lozenges, and suppositories while maintaining quality standards. These advances in the pharmaceutical industry will increase the demand for advanced drugs, thereby driving the market during the forecast period.
Smart healthcare packaging is the primary trend in the healthcare packaging market. The legislation and compliance standards are constantly evolving and becoming more stringent with more breakthroughs in research and the adoption of new technologies. Packingmust reflect and support these changes. Furthermore, the growing demand for packaging that offers moisture control due to the increase in demand for generic drugs with high moisture sensitivity is another key factor driving the adoption of smart packing in this segment.
Moreover, with the rise in the aging population worldwide, the demand for healthcare packing that can provide reminders to elderly patients for drug consumption on a timely basis is increasing. Such use cases are estimated to drive the growth of smart packing during the forecast period.
The inefficient product labeling process is the major challenge affecting healthcare packaging market growth. The product labeling processes adopted by various companies are still inefficient and unstructured. The disparate product data make the drug labeling process highly manual in nature, which is time-consuming.
Moreover, the labeling departments of pharmaceutical and healthcare/medical product companies must collect product information from multiple sources, re-write the labeling copy, and re-validate the information before developing labeling artwork files, all of which require a significant amount of time, labor, and financial resources. To add to this, pharmaceutical companies need to generate XML-based submissions to meet the structured product labeling standards, which is also a tedious process. The above factors will hamper the growth of the market during the forecast period.
The healthcare packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the healthcare packaging market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
West Pharmaceutical Services Inc. - The company offers healthcare packaging such as Daikyo and syringe components. They offer proprietary packaging, containment, and drug delivery products, along with analytical lab services and integrated solutions, primarily to biologic, generic, and pharmaceutical drug customers.
The healthcare packaging market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The healthcare packaging market is profoundly impacted by a myriad of factors spanning from government regulations and environmental issues to digital technology and technological breakthroughs. With a focus on sustainable practices, pharmaceutical organizations, and medical device manufacturers are increasingly adopting sustainable packaging solutions to mitigate the impact on the environment. The emergence of advanced machines and digital technology like IoT and blockchain is revolutionizing pharmaceutical packaging businesses, ensuring aseptic packaging and combating counterfeit products through technologies such as radio-frequency identification (RFID) and QR codes.
Moreover, the demand for parenteral medicines, drug delivery systems, and biologic medications is driving innovation in packing materials such as recyclable polymers and bioplastics. This market also caters to the needs of the healthcare sector by providing barrier films, desiccants, and anti-counterfeit packaging technologies to safeguard pharma and biological segment products. Additionally, the geriatric population fuels the demand for implantable devices and single-use medical products like pouches and bags with enhanced safety features. Overall, the market is evolving rapidly, adapting to industry demands while addressing critical issues like counterfeit drugs and plastic recycling technologies to ensure the safe and efficient delivery of pharmaceuticals and medical supplies.
Furthermore, the market is witnessing dynamic growth, driven by several key factors that are reshaping the industry landscape. With advancements in biotechnology and an expanding range of prescription drugs, the demand for efficient and secure packing solutions is on the rise. Pharmaceutical companies and pharmaceutical firms are investing in innovative packaging designs to ensure the safe storage and delivery of these critical medications. One of the notable trends is the adoption of microbial packaging technologies. These solutions help prevent contamination and maintain the integrity of medical products. Additionally, the integration of IoT (Internet of Things) technology is revolutionizing the sector by enabling real-time monitoring of pharmaceutical products, especially those requiring specific storage conditions. The plastic industry plays a significant role, providing materials for disposable kits, catheters, and rigid packaging segments. With plastics manufacturers focusing on sustainability, the market is witnessing a shift towards eco-friendly materials and recyclable packaging options. Furthermore, emerging technologies like Near-field communication (NFC) and holographic images are enhancing the security and traceability of pharmaceutical products. These innovations not only combat counterfeiting but also improve patient safety and regulatory compliance.
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Market Scope |
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Report Coverage |
Details |
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Page number |
184 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.49% |
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Market growth 2024-2028 |
USD 53.9 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.17 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 38% |
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Key countries |
US, China, Germany, UK, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Airnov Inc., Amcor Plc, AmerisourceBergen Corp., AptarGroup Inc., Baxter International Inc., Becton Dickinson and Co., Cardinal Health Inc., Catalent Inc., CCL Industries Inc., DuPont de Nemours Inc., Gerresheimer AG, KP Holding GmbH and Co. KG, Placon Corp., Precision Concepts International, SCHOTT AG, Sealed Air Corp., Sonoco Products Co., West Pharmaceutical Services Inc., and WestRock Co. |
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Market dynamics |
Parent market analysis, Market forecasting , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our healthcare packaging market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Packaging
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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