Healthcare Packaging Market worth $71.79 billion by 2030, growing at a CAGR of 7.45% - Exclusive Report by 360iResearch

The "Healthcare Packaging Market by Packaging Type (Blister Packs, Bottles & Containers, Caps & Closures), Material (Glass, Nonwoven Material, Paper & Paperboard), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Healthcare Packaging Market to grow from USD 43.38 billion in 2023 to USD 71.79 billion by 2030, at a CAGR of 7.45%.

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Healthcare packaging helps in protecting healthcare products from chemical deterioration by preventing exposure to oxygen, moisture, light, and temperature fluctuations. Healthcare packaging solutions are expanding due to the increase in illness occurrence, the growing pharmaceutical formulations, and the growing need for practical packaging options. The increasing awareness of environmental issues and government regulations pushes pharmaceutical organizations toward sustainable processes. However, fluctuating cost of raw materials and environmental concerns associated with the disposal of medical packaging is impeding the adoption of healthcare packaging. Healthcare companies are investing in advanced machines to increase packaging speed and efficiency. Digital technology, IoT, and the blockchain allow enterprises to connect appliances to smart devices, troubleshoot and report errors, optimize operations, gain insights into machine-wide data, and record data across the supply chain.

In North America, the United States and Canada are countries with booming economies, aging population, well-developed healthcare delivery systems, gross domestic product (GDP) levels, and health insurance. As the United States faces high drug imports from countries other than Canada, the U.S. government has approved a pilot project for wholesalers and pharmacists to import FDA-approved drug versions from Canada, leveraging healthcare packaging imports from the country. The governments of developing nations such as China and India are making significant efforts to raise domestic medication production and advance pharmaceutical manufacturing capabilities. The growing pharmaceutical businesses in these countries are increasing the need for efficient packaging options. In 2021, Gerresheimer AG built two new plastic packaging production plants in China and India to address the demands of its clients for pharmaceutical packaging in these countries. Europe and Asia-Pacific are expected to witness a need for healthcare packaging owing to the rising elderly population, regional economic development, increasing per capita income in emerging economies, and improving healthcare infrastructure.

Market Segmentation & Coverage:

This research report categorizes the Healthcare Packaging Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Packaging Type, market is studied across Blister Packs, Bottles & Containers, Caps & Closures, Cartridges & Syringes, Labels, Paper Board Boxes, Pouch and Bags, Tubes, and Vials and Ampoules. The Cartridges & Syringes commanded largest market share of 19.19% in 2023, followed by Blister Packs.

Based on Material, market is studied across Glass, Nonwoven Material, Paper & Paperboard, and Polymer. The Polymer commanded largest market share of 38.31% in 2023, followed by Glass.

Based on End-User, market is studied across Medical Devices and Pharmaceutical. The Pharmaceutical commanded largest market share of 67.22% in 2023, followed by Medical Devices.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.56% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Healthcare Packaging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Healthcare Packaging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Healthcare Packaging Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Aardvark Plastic Packaging Co. Ltd., Accu-Glass, LLC, Adelphi Group, Amcor PLC, AptarGroup, Inc., Berry Global Inc., Billerud AB, BOLSAPLAST S.L., Bormioli Pharma S.p.A., Cangzhou Four Stars Glass Co., Ltd., Catalent, Inc., Celanese Corporation, Comar, Constantia Flexibles Group GmbH, Corning Incorporated, DAKLAPACK GROUP, Drug Plastics Group, DS Smith PLC, Famacy Group, Gaplast GmbH, Gerresheimer AG, Honeywell International Inc., Huhtamäki Oyj, International Paper, Klöckner Pentaplast Group, KP Holding GmbH & Co. KG, Lonza Group Ltd., McKesson Corporation, MedicoPack A/S, Mondi PLC, Narang Medical Limited, Nipro Corporation, Nolato AB, Origin Pharma Packaging, Qosina Corp., Schott AG, Sealed Air Corporation, SFAM Group, SGD SA, Sonoco Products Company, Ströbel GmbH, Stölzle-Oberglas GmbH, Toray Plastics. Inc., Vetter Pharma International GmbH, Visy Group, Viva Healthcare Packaging, W. L. Gore & Associates, Inc., WestRock Company, and Winpak Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Healthcare Packaging Market, by Packaging Type
7. Healthcare Packaging Market, by Material
8. Healthcare Packaging Market, by End-User
9. Americas Healthcare Packaging Market
10. Asia-Pacific Healthcare Packaging Market
11. Europe, Middle East & Africa Healthcare Packaging Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Healthcare Packaging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Healthcare Packaging Market?
3. What is the competitive strategic window for opportunities in the Healthcare Packaging Market?
4. What are the technology trends and regulatory frameworks in the Healthcare Packaging Market?
5. What is the market share of the leading vendors in the Healthcare Packaging Market?
6. What modes and strategic moves are considered suitable for entering the Healthcare Packaging Market?

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