Medical Packaging Market

Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

Published Date: Aug 2021 | Format: | No. of Pages: 186

Industry: Chemicals & Materials | Author Name: Harshad

Pharma Packaging, Ever Evolving yet Challenging Segment of the Pharma Industry

The pharmaceutical industry is vast and competitive. Many companies compete to develop and market drugs. For an industry that has been growing at a steady pace, the coronavirus pandemic has opened up newer opportunities. The prospects are huge and immense. The success of the pharmaceutical industry depends not only on the product itself but most importantly, in keeping and distributing medications at an optimal state. For that, right packaging is crucial; it protects from physical, chemical and biological damage (ensures pharmaceutical product integrity, with their properties intact, during storage, shipment, and delivery). Packaging involves all operations from research, development, production, to marketing products. In 2019, medical packaging market was valued at US$75.17 Bn and it is expected to reach US$113.68 Bn by 2025, registering a healthy growth of 7.4% between 2021 and 2025. Medical packaging is done according to very strict protocols and is designed to uphold the highest medical standards and ergonomically protect the integrity and stability of a product.

There are several codes in place to ensure the quality of medical packaging. Two of these standards include:  ISO9000: Quality Management Standard; and PSO9000: Pharmaceutical Packaging Materials Standard.

Medical and Pharmaceutical packaging is one of those segments that will always be here and most likely continue to grow owing to following factors:-

  1. Specialty Drugs - the increasing use of specialty drugs to treat chronic or difficult health conditions is driving pharmaceutical growth in developed markets especially. This segment is currently driving 40% of the market growth.
  2. Middle Class - developing markets are seeing a rise in middle class individuals who now have the resources to get medication. This factor also contributes to pharmaceutical market growth.
  3. Adheres to criteria viz. ease of opening and sealing, visible dosage indicators and reminders, clearly labeling benefits and repercussions of not taking the medicine, people are more likely to take their medicine.

According to The Association for Packaging and Processing Technologies (PMMI), global medicine use was 4.7 trillion doses in 2020, up 25% from 2015, emphasizing the opportunity in this market segment. As per DrugBank there are approximately 4,167 approved drugs out of a total number of 14,549.

Some of these drugs are used by scores of people world across who suffer from chronic diseases. If the wrong drugs get to the wrong people, the health consequences can be catastrophic.

The specification and requirement of quality is dependent on the type of packing material and is regulated by the government of the respective country and according to regulatory agencies like WHO GMP (Good Manufacturing Practices), USFDA, ICH {The International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use (ICH)} guidelines.

Bottles to Have a Significant Demand over Forecast Period

Type of packaging and labeling is an important step from the production to the products final use. Swift transition to cost effective infection-resistant and security-enhanced formats, pouches and trays will continue to drive sales in the medical packaging industry. Growth in the demand for pouches will reflect ongoing advances in resistance, barrier properties, strength, and puncture, which will expand applications in the packaging of small- to medium-sized supplies and devices. Bottles will have a strong foothold in the global market exceeding a market share of 32% during the forecast period. Among the other medical device containers, blister packs, and glass vials will account for the significant growth during the forecast period owing to applications such as packaging of contact lenses, diagnostics reagents, and related substances.

Depending on the customer requirement, cost effectivity, raw material availability, and applicability, medical device manufacturers opt for different packaging types such as glass, metals, plastics, etc. Among the various packaging types, plastics such as PVC, PP, and PE rule the medical packaging industry and account for more than 40% share in the packaging industry.

Various tests are carried out for testing the quality of packaging material, for packaging material should not interact physically and chemically with the content of product.

Single use/Disposable Packaging Products Driving New Requirements in the Medical Packaging Industry

Medical devices and instruments are in a constant state of evolution, and with the current ongoing covid situation it has become essential to respond to trends within and outside the hospital premises to attain better care at lesser system costs. The trends toward miniaturization and compactness are driving new requirements in the medical packaging industry. The use of single-use products is the latest trend in the industry and demanding efficient packaging solutions. This has forced the industry to go for plastic and other high-performance materials.

Demand for blood bags to store blood and blood components has increased considerably in the past year. There was a double-digit increase in the demand for convalescent plasma as COVID-19 cases surged. The demand for intravenous (IV) bags and dialysis bags is also on continuous rise, not just because of covid-19, but also other health related issues.

U.S., China, and India – Driving the Medical Packaging Industry, Globally

Asia Pacific due to the region’s sheer population size and demographics is projected to be the leader with a market share of around 46% in 2019. Aside, respective governments commitment to healthcare and healthcare spending, as well as health seeking behaviors of the population. The US has Affordable Care Act (ACA).

According to Policy Advice: Global healthcare spending could reach over $10 trillion by 2022. The US tops the list, spending 17.8% of the country’s GDP. In 2023 the nation’s spending on health will add up to $4.3 trillion. The US spends the most on health per person, followed by Switzerland and Germany.

The Indian Government has undertaken deep structural and sustained reforms to strengthen the healthcare sector. As per the Union Budget 2021, a sum of Rs 2.23 lakh crore has been allocated for healthcare and wellness initiatives in the Union Budget 2021-22, which is a whopping 137% increase over the previous year.

Global spending on medicine continues to grow. In 2020, approximately US$ 1.27 trillion (out of which 35% belongs to the U.S.) had been spent on medicines, up from just US$ 887 Bn in 2010. Spending on medicines has increased everywhere globally. However, the U.S. takes the lead in total medicines spending globally and is expected to remain the top country for medicines spending through 2025. To show how huge this is, China in the second place is estimated to spend $170 Bn by 2023, which is not up to a third of the expenditure in the U.S. in the same period. U.S. pharma industry spends about $60 Bn yearly on drug research and development; over US$2.6 Bn spent on developing a new drug.

Companies Focusing on Capacity Expansion to Meet the Soaring Demand   

The key companies operating the global medical packaging market are Westrock Company., Becton, Dickinson and Company, Amcor plc, Berry Global Group, Inc, Mondi group, Ardagh Group S.A., Sealed Air Corporation, Nipro Corporation, Catalent, Inc., West Pharmaceutical Services, Inc., UDG Healthcare, and others.

Some of the key developments happening in the industry are as follows:-

  • In 29 April 2021, Amcor launched its latest innovation called New AmSky™ blister system was developed which has the potential to transform the sustainability of healthcare packaging.
  • In October 2020, Ardagh Group announced a business growth investment program to grow the Metal Beverage Packaging and Glass Packaging business of $1.8 Bn.
  • In January 2021, a part of UDG healthcare plc called Ashfield announced the formation of three business units to expand and bolster its healthcare services.

1. Executive Summary
     1.1. Global Medical Packaging Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Key Trends 
     2.3. Healthcare Sector Outlook
     2.4. Value Chain Analysis
     2.5. Economic Overview
     2.6. Macro-economic Factors & Forecast Analysis
     2.7. Covid-19 Impact Analysis
           2.7.1. Effects on Packaging Industry
           2.7.2. Heat Map, by Industry
     2.8. Regulatory Analysis 

3. Global Packaging Industry Outlook, 2020
     3.1. Global Rigid Packaging Market Outlook, 2020
     3.2. Global Flexible Packaging Market Growth Overview

4. Price Trends Analysis and Future Projects, 2017 - 2025
     4.1. Price Trends Analysis and Future Projects, by Material, 2017 - 2025 

5. Global Medical Packaging Market Outlook, 2017 - 2025
     5.1. Global Medical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           5.1.1. Key Highlights
                5.1.1.1. Plastics/Polymers
                      5.1.1.1.1. Polyethylene
                      5.1.1.1.2. Polyvinyl chloride
                      5.1.1.1.3. Polypropylene
                      5.1.1.1.4. Polyethylene terephthalate
                      5.1.1.1.5. Others (Polystyrene & Polycarbonate)
                5.1.1.2. Glass
                5.1.1.3. Metal (Aluminum)
                5.1.1.4. Others (Paper and Paperboard) 
     5.2. Global Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           5.2.1. Key Highlights
                5.2.1.1. Bottles (Packer & Liquid)
                5.2.1.2. Trays
                5.2.1.3. Syringes/Ampoules/Vials
                5.2.1.4. Blister Packs
                5.2.1.5. Bags & Pouches
                5.2.1.6. Others (Sachets, Tubes, etc.)
     5.3. Global Medical Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           5.3.1. Key Highlights
                5.3.1.1. North America
                5.3.1.2. Europe
                5.3.1.3. Asia Pacific
                5.3.1.4. Latin America
                5.3.1.5. Middle East & Africa

6. North America Medical Packaging Market Outlook, 2017 - 2025
     6.1. North America Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           6.1.1. Key Highlights
                6.1.1.1. Plastics/Polymers
                      6.1.1.1.1. Polyethylene
                      6.1.1.1.2. Polyvinyl chloride
                      6.1.1.1.3. Polypropylene
                      6.1.1.1.4. Polyethylene terephthalate
                      6.1.1.1.5. Others (Polystyrene & Polycarbonate)
                6.1.1.2. Glass
                6.1.1.3. Metal (Aluminum)
                6.1.1.4. Others (Paper and Paperboard) 
     6.2. North America Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           6.2.1. Key Highlights
                6.2.1.1. Bottles (Packer & Liquid)
                6.2.1.2. Trays
                6.2.1.3. Syringes/Ampoules/Vials
                6.2.1.4. Blister Packs
                6.2.1.5. Bags & Pouches
                6.2.1.6. Others (Sachets, Tubes, etc.)
     6.3. North America Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           6.3.1. Key Highlights
                6.3.1.1. U.S. Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                6.3.1.2. U.S. Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                6.3.1.3. Canada Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                6.3.1.4. Canada Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

7. Europe Medical Packaging Market Outlook, 2017 - 2025
     7.1. Europe Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           7.1.1. Key Highlights
                7.1.1.1. Plastics/Polymers
                      7.1.1.1.1. Polyethylene
                      7.1.1.1.2. Polyvinyl chloride
                      7.1.1.1.3. Polypropylene
                      7.1.1.1.4. Polyethylene terephthalate
                      7.1.1.1.5. Others (Polystyrene & Polycarbonate)
                7.1.1.2. Glass
                7.1.1.3. Metal (Aluminum)
                7.1.1.4. Others (Paper and Paperboard) 
     7.2. Europe Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           7.2.1. Key Highlights
                7.2.1.1. Bottles (Packer & Liquid)
                7.2.1.2. Trays
                7.2.1.3. Syringes/Ampoules/Vials
                7.2.1.4. Blister Packs
                7.2.1.5. Bags & Pouches
                7.2.1.6. Others (Sachets, Tubes, etc.)
     7.3. Europe Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           7.3.1. Key Highlights
                7.3.1.1. Switzerland Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.2. Switzerland Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.3. Germany Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.4. Germany Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.5. Belgium Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.6. Belgium Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.7. France Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.8. France Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.9. Italy Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.10. Italy Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.11. U.K. Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.12. U.K. Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.13. Rest of Europe Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                7.3.1.14. Rest of Europe Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

8. Asia Pacific Medical Packaging Market Outlook, 2017 - 2025
     8.1. Asia Pacific Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           8.1.1. Key Highlights
                8.1.1.1. Plastics/Polymers
                      8.1.1.1.1. Polyethylene
                      8.1.1.1.2. Polyvinyl chloride
                      8.1.1.1.3. Polypropylene
                      8.1.1.1.4. Polyethylene terephthalate
                      8.1.1.1.5. Others (Polystyrene & Polycarbonate)
                8.1.1.2. Glass
                8.1.1.3. Metal (Aluminum)
                8.1.1.4. Others (Paper and Paperboard) 
     8.2. Asia Pacific Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           8.2.1. Key Highlights
                8.2.1.1. Bottles (Packer & Liquid)
                8.2.1.2. Trays
                8.2.1.3. Syringes/Ampoules/Vials
                8.2.1.4. Blister Packs
                8.2.1.5. Bags & Pouches
                8.2.1.6. Others (Sachets, Tubes, etc.)
     8.3. Asia Pacific Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           8.3.1. Key Highlights
                8.3.1.1. China Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.2. China Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.3. Japan Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.4. Japan Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.5. India Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.6. India Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.7. Southeast Asia Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.8. Southeast Asia Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.9. Rest of Asia Pacific Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                8.3.1.10. Rest of Asia Pacific Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

9. Latin America Medical Packaging Market Outlook, 2017 - 2025
     9.1. Latin America Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           9.1.1. Key Highlights
                9.1.1.1. Plastics/Polymers
                      9.1.1.1.1. Polyethylene
                      9.1.1.1.2. Polyvinyl chloride
                      9.1.1.1.3. Polypropylene
                      9.1.1.1.4. Polyethylene terephthalate
                      9.1.1.1.5. Others (Polystyrene & Polycarbonate)
                9.1.1.2. Glass
                9.1.1.3. Metal (Aluminum)
                9.1.1.4. Others (Paper and Paperboard) 
     9.2. Latin America Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           9.2.1. Key Highlights
                9.2.1.1. Bottles (Packer & Liquid)
                9.2.1.2. Trays
                9.2.1.3. Syringes/Ampoules/Vials
                9.2.1.4. Blister Packs
                9.2.1.5. Bags & Pouches
                9.2.1.6. Others (Sachets, Tubes, etc.)
     9.3. Latin America Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           9.3.1. Key Highlights
                9.3.1.1. Brazil Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.2. Brazil Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.3. Mexico Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.4. Mexico Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.5. Argentina Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.6. Argentina Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.7. Rest of Latin America Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                9.3.1.8. Rest of Latin America Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

10. Middle East & Africa Medical Packaging Market Outlook, 2017 - 2025
     10.1. Middle East & Africa Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           10.1.1. Key Highlights
                10.1.1.1. Plastics/Polymers
                      10.1.1.1.1. Polyethylene
                      10.1.1.1.2. Polyvinyl chloride
                      10.1.1.1.3. Polypropylene
                      10.1.1.1.4. Polyethylene terephthalate
                      10.1.1.1.5. Others (Polystyrene & Polycarbonate)
                10.1.1.2. Glass
                10.1.1.3. Metal (Aluminum)
                10.1.1.4. Others (Paper and Paperboard) 
     10.2. Middle East & Africa Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           10.2.1. Key Highlights
                10.2.1.1. Bottles (Packer & Liquid)
                10.2.1.2. Trays
                10.2.1.3. Syringes/Ampoules/Vials
                10.2.1.4. Blister Packs
                10.2.1.5. Bags & Pouches
                10.2.1.6. Others (Sachets, Tubes, etc.)
     10.3. Middle East & Africa Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
           10.3.1. Key Highlights
                10.3.1.1. GCC Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                10.3.1.2. GCC Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                10.3.1.3. South Africa Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                10.3.1.4. South Africa Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                10.3.1.5. Rest of Middle East & Africa Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                10.3.1.6. Rest of Middle East & Africa Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

11. Competitive Landscape
     11.1. Medical Packaging Market: Intensity Mapping
     11.2. Medical Packaging Market: Competition Dashboard
     11.3. Company Market Share Analysis  
     11.4. Company Profiles
           11.4.1. Amcor Plc
                11.4.1.1. Company Overview
                11.4.1.2. Product Portfolio
                11.4.1.3. Financial Overview 
                11.4.1.4. Business Strategies and Development
           11.4.2. Ardagh Group S.A.
                11.4.2.1. Company Overview
                11.4.2.2. Product  Portfolio
                11.4.2.3. Financial Overview 
                11.4.2.4. Business Strategies and Development
           11.4.3. Becton, Dickinson and Company
                11.4.3.1. Company Overview
                11.4.3.2. Product Portfolio
                11.4.3.3. Financial Overview 
                11.4.3.4. Business Strategies and Development
           11.4.4. UDG Healthcare plc
                11.4.4.1. Company Overview
                11.4.4.2. Product Portfolio
                11.4.4.3. Financial Overview 
                11.4.4.4. Business Strategies and Development
           11.4.5. Berry Global Group, Inc
                11.4.5.1. Company Overview
                11.4.5.2. Product Portfolio
                11.4.5.3. Financial Overview 
                11.4.5.4. Business Strategies and Development
           11.4.6. Sealed Air Corporation
                11.4.6.1. Company Overview
                11.4.6.2. Product Portfolio
                11.4.6.3. Financial Overview 
                11.4.6.4. Business Strategies and Development
           11.4.7. Catalent, Inc.
                11.4.7.1. Company Overview
                11.4.7.2. Product Portfolio
                11.4.7.3. Financial Overview 
                11.4.7.4. Business Strategies and Development
           11.4.8. West Pharmaceutical Services Inc.
                11.4.8.1. Company Overview
                11.4.8.2. Product Portfolio
                11.4.8.3. Financial Overview 
                11.4.8.4. Business Strategies and Development
           11.4.9. Mondi Group Plc
                11.4.9.1. Company Overview
                11.4.9.2. Product Portfolio
                11.4.9.3. Financial Overview 
                11.4.9.4. Business Strategies and Development
           11.4.10. Gerresheimer AG 
                11.4.10.1. Company Overview
                11.4.10.2. Product Portfolio
                11.4.10.3. Financial Overview 
                11.4.10.4. Business Strategies and Development
           11.4.11. Constantia Flexibles Group GmbH 
                11.4.11.1. Company Overview
                11.4.11.2. Product Portfolio
                11.4.11.3. Financial Overview 
                11.4.11.4. Business Strategies and Development
           11.4.12. Nipro Corporation 
                11.4.12.1. Company Overview
                11.4.12.2. Product Portfolio
                11.4.12.3. Financial Overview 
                11.4.12.4. Business Strategies and Development

12. Appendix
     12.1. Research Methodology
     12.2. Report Assumptions
     12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

 

2019

   

2017 - 2019

 

 2021 - 2025

Value: US$ Million

Volume: Kilo Tons 

 

REPORT FEATURES

DETAILS

Material Coverage

  • Plastics/Polymers
    • Polyethylene
    • Polyvinyl chloride
    • Polypropylene
    • Polyethyene terephthalate
    • Others (Polystyrene & Polycarbonate)
  • Glass
  • Metal (Aluminum)
  • Others (Paper and Paperboard)

Application Coverage

  • Bottles (Packer & Liquid)
  • Trays
  • Syringes/Ampoules/Vials
  • Blister Packs
  • Bags & Pouches
  • Others (Sachets, Tubes, etc.)

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Switzerland
    • Germany
    • Belgium
    • France
    • Italy
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Leading Companies

  • Amcor Plc
  • Ardagh Group S.A.
  • Becton, Dickinson and Company
  • UDG Healthcare plc
  • Berry Global Group, Inc
  • Sealed Air Corporation
  • Catalent, Inc.
  • West Pharmaceutical Services Inc.
  • Mondi Group Plc
  • Gerresheimer AG
  • Constantia Flexibles Group GmbH
  • Nipro Corporation

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Material-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Trends

 

FAQ : Medical Packaging Market

Increasing spending on healthcare infrastructure and high investments on R&D is driving the medical industry, thereby giving rise to need of their packaging, simultaneously with medicine production.

The global medical packaging market is expected to be valued at US$113 Bn by the end of 2025, wherein bottles packaging type accounts for the major portion of the market.

With a market share of more than 45%, Asia Pacific is anticipated to hold the highest volume share by 2025. It also projected to be largest production hub for all the material categories by 2025.

In the medical packaging market, top 5 players accounted for more than 18% of the value share in 2019.

Fairfield Market Research projects the global medical packaging market to grow with a CAGR of 7.4% by 2025, chiefly driven by tremendous expansion activities by manufacturers.
Quality assured
Confidentiality assured
Custom research services