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  • Healthcare Packaging Market Growth & Forecast Analysis | 2023-2028

    Healthcare Packaging Market Growth & Forecast Analysis | 2023-2028

    Healthcare Packaging Market Growth & Forecast Analysis | 2023-2028
    Report code - SRHL189 Delivery - 2 Weeks
    Healthcare Packaging Market Size, Share, Trends, Dynamics, Growth, & Forecast Ana See more...

    Market Insights

    The healthcare packaging market was estimated at USD 110.31 billion in 2022 and is likely to grow at a CAGR of 5.12% during 2023-2028 to reach USD 149.47 billion in 2028.

    Healthcare-Packaging-Market-Insights

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    What is healthcare packaging?

    Healthcare packaging involves the use of specialized materials and methods for packaging pharmaceuticals, medical devices, and healthcare items. Its core purpose is safeguarding product quality, and ensuring sterility, safety, and effectiveness. Key factors include adherence to regulations, transparent labeling, and ease of use. Sustainable packaging practices are growing in significance. Materials can vary, from plastics to glass, selected according to product requirements. Stringent testing is a standard practice to meet the rigorous standards of the healthcare industry.

    Healthcare Packaging Market Highlights

    Market Size in 2022

    USD 110.31 billion

    Market Size in 2028

    USD 149.47 billion

    Market Growth (2023-2028)

    5.12% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The global market for healthcare packaging is influenced by various market dynamics. Below given are a few –

    • Increasing demand for pharmaceutical and medical products  The global healthcare industry has grown exponentially in recent years with a hefty demand for pharmaceutical and medical products. Since pharmaceutical and medical products require a high level of protection, the demand for robust and secure packaging solutions has been increasing.
    • Growing healthcare e-commerce industry – Online shopping for healthcare products like glucometers, health supplements, fitness smartwatches, oura rings, etc. is becoming common now. With the growing number of online orders, the need for reliable packaging also grows.
    • Rising government investments in the healthcare sector – Governments across the globe are investing funds for the research and development of vaccines, drugs, and more. Also, they are implementing new norms in order to upgrade present healthcare programs. This rise, demands healthcare product requirements and packaging equally.
    • Government regulations on safe healthcare products – Governments across the globe are imposing stringent regulations on the safety and efficacy of healthcare products. For instance, the US Food and Drug Administration (FDA) has strict regulations on the packaging of pharmaceutical products, that call for tamper-proof and child-proof packaging. Such regulations drive the demand for healthcare packaging solutions globally.

    Healthcare-Packaging-Market-Dynamics

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    Segment Analysis

    By Product Type

    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.

    By End-Use Type

    Based on the end-use type, the 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.

    Regional Insights

    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.

    Healthcare-Packaging-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By End-Use Type

    • Pharmaceuticals
    • Medical Devices

    By Product Type

    • Bottles and Containers
    • Vials and Ampoules
    • Cartridges and Syringes
    • Pouch and Bags
    • Blister Packs
    • Tubes
    • Paper Board Boxes
    • Caps and Closures
    • Labels
    • Others

    By Material Type

    • Glass
    • Plastic
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Healthcare-Packaging-Market-Segmentation

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    Key Players

    Some of the major suppliers in the market are-

    • 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

    Recent News & Developments

    FEB 2023: Gerresheimer Unveils Innovative Clinical Trial Kit for Accelerated Drug Development In February 2023, Gerresheimer introduced its cutting-edge Clinical Trial Kit during the Pharmapack event held in Paris. This kit comprises sterile Gx RTF vials in nest and tub or tray configurations, accompanied by matching closures, meticulously customized to support the early-phase development of novel drugs, vaccines, and biologics. The Clinical Trial Kit is perfectly suited for small-batch production, spanning from initial line trials to validation and clinical batches. It offers versatility with six distinct Gx RTF Glass Vial configurations, with additional kits featuring Gx Elite and Gx RTF COP vials to follow shortly.

    FEB 2023: Berry Global Healthcare Launches Accredited Child-Resistant PET Bottle Solution for Pharmaceutical Syrup Market In February 2023, Berry Global Healthcare unveiled a comprehensive package solution designed to cater to the growing demand for child-resistant (CRC) and tamper-evident (TE) packaging within the pharmaceutical and herbal market, specifically for syrup and liquid medications. Leveraging its extensive expertise in healthcare packaging, Berry Global combines a range of bottle and closure solutions to meet the diverse needs of this market segment.

    JULY 2022: Gerresheimer AG and Stevanato Group Collaborate on Innovative Ready-To-Use Vial Platform In July 2022, Gerresheimer AG and Stevanato Group S.p.A. jointly developed a high-end Ready-To-Use (RTU) solution platform, initially focusing on vials. This platform, based on Stevanato Group's EZ-fill® technology, aims to enhance efficiency, quality standards, speed to market, and cost-effectiveness for pharmaceutical industry customers. The collaboration addresses supply chain risk mitigation while promoting innovation in drug containment and delivery solutions.

    JAN 2022: West and Corning Collaborate on Advanced Pharmaceutical Injectable Drug Delivery In January 2022, West Pharmaceutical Services, Inc. announced an exclusive supply and technology partnership with Corning Incorporated. This collaboration involves a substantial multimillion-dollar investment aimed at expanding Corning's Valor® Glass technology to enable advanced injectable drug packaging and delivery systems for the pharmaceutical industry. The objective is to enhance patient safety and broaden access to life-saving treatments.

    JAN 2022: Berry Global and Raw Elements® USA Introduce Sustainable Sugarcane-Based Tube In January 2022, Berry Global partnered with Raw Elements® USA, a 1% for The Planet member, to launch an eco-friendly tube made from sugarcane. These polyethylene tubes, ranging from two to four ounces, are produced with 83% sugarcane by weight, replacing Raw Elements' previous plastic tubes. This sustainable approach converts sugarcane waste into HDPE and LDPE materials, maintaining the required EVOH barrier to protect the product ingredients.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Healthcare Packaging Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, 

    Frequently Asked Questions (FAQs)

    Healthcare packaging involves the use of specialized materials and methods for packaging pharmaceuticals, medical devices, and healthcare items. Its core purpose is safeguarding product quality, and ensuring sterility, safety, and effectiveness. Key factors include adherence to regulations, transparent labeling, and ease of use. Sustainable packaging practices are growing in significance. Materials can vary, from plastics to glass, selected according to product requirements. Stringent testing is a standard practice to meet the rigorous standards of the healthcare industry.

    The healthcare packaging market was estimated at USD 110.31 billion in 2022.

    The healthcare packaging market is likely to reach USD 149.47 billion in 2028.

    The growth rate of the healthcare packaging market is expected to witness an impressive CAGR of 5.12%.

    Gerresheimer AG, Corning Incorporated, Nipro Corporation, SGD SA, Stlzle-Oberglas GmbH, Bormioli Pharma SRL, Schott AG, Shandong Medicinal Glass Co. Ltd., Beatson Clark PLC, Arab Pharmaceutical Glass Co., Piramal Glass Pvt Ltd., and sisecam Group.

    North America is expected to be the largest share of the market during the next five years.

    The pharmaceuticals segment and blister pack are expected to witness the dominant segment in the market.

    The prime factors that are driving the healthcare packaging market are increasing number of hospitals, therapeutic equipment manufacturers, and diagnostic centers; increasing demand for microbial packaging; stringent regulations; and growing aging population, expanding application range, technological advancements, and surge in demand from the Asia-Pacific region.