Plastic Healthcare Packaging Market By Product Type (Bottles Packaging, Vials, Pouches, Others), By Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Others), By Industry (Pharmaceutical Packaging, Medical Device Packing): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global plastic healthcare packaging market size was valued at $28.6 billion in 2022, and is projected to reach $48.0 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032. Healthcare packaging is a packaging process for medical devices and pharmaceutical products. Plastic healthcare packaging materials are used for the packaging of various healthcare products such as pharmaceuticals products, and medical devices. These packaging products provide protection, preservation, and convenience for healthcare products during storage, transportation, and usages. These products are made from various types of plastic materials such as polyethylene, polypropylene, polyvinyl chloride (PVC), polycarbonate, and polyethylene terephthalate (PET).
The plastic healthcare packaging market growth is driven by rise in demand for plastic packaging in healthcare industry, increase in demand for pharmaceuticals products, and advancement in plastic packaging technology. Plastic packaging is widely used in the healthcare industry due to its versatility, durability, ease of use, and cost-effectiveness. Furthermore, increase in demand for pharmaceuticals products during the COVID-19 pandemic has led to surge in demand for drugs and medical devices, vaccines, test kits, and personal protective equipment (PPE), which propelled the growth of plastic healthcare packaging market. For instance, Pfizer-BioNTech COVID-19 vaccine is packaged in a specialized thermal shipper, which uses a combination of dry ice and gel packs to maintain the required temperature during transport and storage. The shipper is made of high-density polyethylene (HDPE), which is a type of plastic that is commonly used in healthcare packaging due to its durability and resistance to temperature extremes.
Furthermore, development of environmentally friendly packaging products propels the market growth. For instance, in October 2021, Astellas Pharma Inc., one of the global leader in pharmaceutical industry, launched blister packs made from sugarcane-derived plastic for its pharmaceutical products in Japan. The blister pack is made with polyethylene derived from sugarcane, with 50% of its raw material. In addition, in September 2021, UFlex, an India’s flexible packaging company, developed a new range of recyclable pouches in collaboration with Hoffer, a packaging company based in Israel, and Mespack. This new pouch is made from a blend of polyethylene and polypropylene, which is recyclable.
In addition, advancements in plastic packaging technology to improve product protection, shelf life, and convenience of products further boost the market growth. For instance, tamper-evident packaging, child-resistant packaging, barrier packaging, and unit-dose packaging provide high level protection to the product. Furthermore, development of new biodegradable and compostable plastics and surge in demand for specialty drugs and biologics, which are highly expensive and require specialized packaging to ensure their safety and efficacy contribute toward the market growth. Increase in demand for sustainable and eco-friendly packaging solutions in the healthcare industry provides a significant opportunity for the market growth during the forecast period. Plastic healthcare packaging manufacturers are investing in R&D to create innovative and eco-friendly packaging solutions. Furthermore, various companies are engaged in developing packaging materials that are easily recyclable within existing recycling systems. For instance, Amcor, a global packaging solutions company, introduced Eco-Tite R packaging, which is designed to be fully recyclable
However, high accumulation of plastic waste in landfills and oceans due to single-use non-biodegradable and recyclable plastic negatively impacts the market growth. In addition, implementation of stringent government regulations and standards for packaging hinders the growth of the market. On the contrary, increase in development of smart packaging for patient engagement and identification and rise in adoption of biologics, which require specialized packaging solutions to maintain their efficacy and ensure patient safety are expected to create immense opportunities for the growth of plastic healthcare packaging market during the forecast period.
The global plastic healthcare packaging market is segmented into product type, material, industry, and region. On the basis of product type, the market is classified into bottles packaging, vials, pouches, and others (container, jar, cap & closure, bristle packaging, and tubes). As per material, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, and others (polyvinyl chloride (PVC), polyolefin, and polyester). Depending on industry, it is bifurcated into pharmaceutical packaging and medical device packing.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global plastic healthcare packaging market are Amcor Plc, Beacon Converters, Inc, Origin Pharma Packaging, Gerresheimer AG, Constantia Flexibles Group, Nipro Europe Group Companies, TekniPlex, Comar, LLC., Mondi, and Klockner Pentaplast.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic healthcare packaging market analysis from 2022 to 2032 to identify the prevailing plastic healthcare packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the plastic healthcare packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global plastic healthcare packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy IndustryPharmaceutical Packaging
Medical Device Packing
By Product TypeVials
Pouches
Others
Bottles Packaging
By MaterialPolyethylene
Polypropylene
Polyethylene Terephthalate
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Beacon Converters, Inc.
Constantia Flexibles Group
Mondi
Comar, LLC.
Gerresheimer AG
TekniPlex Inc.
Klockner Pentaplast
Amcor Plc
Origin Pharma Packaging
Nipro Europe Group Companies
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