The global healthcare packaging market reached a value of US$ 127.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 190.3 Billion by 2027, exhibiting a CAGR of 6.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Healthcare packaging aids in protecting healthcare products from chemical deterioration by preventing exposure to oxygen, moisture, light and temperature fluctuations. It adheres to medical guidelines and standards and safeguards the integrity of these products to cater to their unique specifications and sterilization requirements. It provides visual information about the packaged products and ensures that they remain stable throughout their shelf life. At present, there is a considerable rise in the sales of anesthetics, antibiotics, muscle relaxants, nutraceuticals, and dietary supplements across the globe on account of the coronavirus disease (COVID-19) outbreak. This, in turn, is positively influencing the requirement for healthcare packaging around the world.
Healthcare Packaging Market Trends:
Leading players are focusing on sustainable practices and seeking to improve the recyclability of products and packaging. This, in confluence with the thriving packaging sector, represents one of the key factors propelling the growth of the market. Moreover, there is a widespread prevalence of lifestyle diseases, such as diabetes, obesity, metabolic syndrome, cardiovascular diseases (CVD), chronic obstructive pulmonary diseases (COPD), and various types of cancer due to unhealthy diets, physical inactivity, and excessive tobacco consumption among individuals. This, coupled with the rising geriatric population, is facilitating the growth of the market. Apart from this, efficient packaging of medical devices is critical in maintaining sterility and reducing contamination, which may otherwise be harmful to the patients. It also protects medical devices from physical damage and sustains their functionality. Other factors, including increasing healthcare spending and significant growth in the pharmaceutical sector, are projected to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare packaging market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product, material, packaging, drug delivery mode and application.
Breakup by Product:
Caps and Closures
Breakup by Material:
Plastics and Polymers
Paper and Paperboard
Breakup by Packaging:
Breakup by Drug Delivery Mode:
Medical Device Packaging:
Breakup by Product Type:
Breakup by Material:
Breakup by Application:
Middle East and Arica
At present, North America dominates the healthcare packaging market on account of the growing environmental concerns, which is catalyzing the demand for efficient and biodegradable healthcare packaging in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
Key Questions Answered in This Report
1. What was the size of the global healthcare packaging market in 2021?
2. What is the expected growth rate of the global healthcare packaging market during 2022-2027?
3. What are the key factors driving the global healthcare packaging market?
4. What has been the impact of COVID-19 on the global healthcare packaging market?
5. What is the breakup of the global healthcare packaging market based on the industry?
6. What are the key regions in the global healthcare packaging market?