Healthcare Packaging Market (By Material Type: Polymer, Paper & Paperboard, Non-Woven Fabric, Others; By Packaging Type: Bags & Pouches, Trays, Boxes, Others; By Application: Medical Tools & Equipment, Medical Devices, In-Vitro Diagnostic Product, Other; By Packing Type: Primary Packaging, Secondary Packaging, Tertiary Packaging) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global healthcare packaging market size is expected to reach around US$ 248.2 Bn by 2026, growing at a CAGR of 4.6% over the forecast period 2019 to 2026.

Healthcare products are packed in various forms which include bags, cans, pouches, boxes/cartons, and others. Healthcare packaging mainly used for enclosing or wrapping medical devices and drugs to enhance and maintain the shelf life, stability, and potency. Healthcare packaging is mainly used to store the drugs and devices and can be stored without refrigeration for a longer time and also maintains chemical properties.

Market Dynamics

The growth of the healthcare packaging market is primarily driven by the changing lifestyle of consumers, increase in chronic diseases, and increase in aging population across the globe, increase in healthcare industry. Furthermore, increase in expenditure of healthcare infrastructure, innovation and development in healthcare packaging, rising concerns about health, and surge in demand for plastic packaging is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing pharmaceutical and medical device industry, and increase in demand for sustainable packaging products are expected to create opportunities for the manufacturers in the global market over the forecast period. However, stringent government regulations towards quality and safety & quality concerns of products and fluctuating prices of raw material are expected to hamper the growth of the global healthcare packaging market in the coming years.

By packaging type, bags & pouches segment dominated the healthcare packaging market

Based on packaging type, the market has been segmented into bags & pouches, trays, boxes, and others. The bags & pouches segment accounts of the largest share in the market and are expected to grow at a highest CAGR during the forecast period.

Bags & pouches enhance the shelf life and quality of products which grows the demand for healthcare packaging in packaging type. The major factors that are driving the growth of this segment are increasing consumption of healthcare packaging products and aesthetic appeal of product with efficient marketing styles.

The manufacturers Avery Dennison Corporation, 3M Company, E.I. Du Pont De Nemours and Company, and Uhlmann Pac-Systeme GmbH & Co. Kg, CCL Industries Inc. are the mainly investing in the development of bags & pouches, which expected the lead the market in the coming years.

Based on material type, the paper & paper board segment is expected to dominate during the forecast period

Based on material type, the market has been segmented into polymer, paper & paperboard, non-woven fabric, and others. The paper & paper board segment accounts of the largest share in the market and held for more than 32% of the total market in 2018. The major factors that are driving the growth of this segment are the rising demand recyclable packaging solutions and increase in concerns regarding environment safety. This expected to enhance the dominance of the paper & paper board segment in the global market over the forecast period.

The market research study on “Healthcare Packaging Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global healthcare packaging market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global healthcare packaging market, its material type, packaging type, packing type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global healthcare packaging market size, and segment markets by material type, packaging type, packing type, application, and geography along with the information on companies operating in the market. The healthcare packaging market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, North America dominated the regional market with a maximum market share

North America accounted for the high market share of the healthcare packaging market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of healthcare packaging in terms of size enhanced productivity, and better product value is the major driving factor for the region in the global market. Moreover, the increasing demand for nutritional & healthy products and increasing in number of surgical operations are expected to enhance the market growth in the global healthcare packaging market in the future. Europe is expected to account for the second-largest in the global market during the forecast period. An increase in research and development in packaging, increase in customer base, and a major number of packaging manufacturers are expected to enhance the regional market growth in the global healthcare packaging market during the forecast.

Asia Pacific is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in developing countries to meet the demand for healthcare packaging. Moreover, changing lifestyle of consumers, increase in demand for packaged products, and growing GDP, and strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global healthcare packaging market during the forecast.

The players profiled in the report include Bemis Company, Avery Dennison Corporation, 3M Company, E.I. Du Pont De Nemours and Company, and Uhlmann Pac-Systeme GmbH & Co. Kg, CCL Industries Inc., Constantia Flexibles Group GmbH, Sonoco Products Company, Steripack Contract Manufacturing, Thomas Packaging LLC, and Rollprint Packaging Products, Inc. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Material Type

• Polymer
• Paper & Paperboard
• Non-Woven Fabric
• Others

Market By Packaging Type

• Bags & Pouches
• Trays
• Boxes
• Others

Market By Application

• Medical Tools & Equipment
• Medical Devices
• In-Vitro Diagnostic Product
• Other

Market By Packing Type

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa