Report Ocean recently released a research report on the Plastics for Healthcare Packaging Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global plastics for healthcare packaging market size was US$ 20 billion in 2021. The global plastics for healthcare packaging market is forecast to grow to US$ 30.8 billion by 2030, registering a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.
Plastic healthcare packaging is used to store, package and transport medical products from one place to another. The packaging ensures the safety of the medical devices, medications, instruments, and other pharmaceuticals against contamination and material damage. Plastics healthcare packaging materials are caps, ampoules, blisters, vials, tubes, syringes, bottles, cap liners, labels, and inhalers.
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Factors Influencing the Market Growth
The rising demand for novel medications, devices, and other materials is driving the market growth. In addition, the growing need for high-quality plastic packaging for healthcare products will offer ample growth opportunities to the companies thriving in the global plastics for the healthcare packaging market.
The increasing research and development in the plastics for healthcare packaging market is forecast to encourage advancements, which will fuel the market growth throughout the study period.
The rising prevalence of chronic and lifestyle-associated diseases is forecast to benefit the global plastics for the healthcare packaging market. In addition, increasing healthcare expenditure and the growth of the healthcare sector are forecast to benefit the global market during the study period.
Increasing public awareness about the benefits of packaged healthcare materials is forecast to fuel the plastics for healthcare packaging market growth in the coming years.
The growing regulations towards healthcare plastic packaging are forecast to benefit the global plastics for the healthcare packaging industry. US Food and Drug Administration and the European Commission are focusing on maintaining packaging material quality. Thus, it will benefit the industry throughout the forecast period.
Growing environmental concerns may hamper the growth of the global plastics for healthcare packaging market during the study period.
Regional Analysis
The Asia-pacific plastics for healthcare packaging market is forecast to expand at the highest CAGR due to the favorable demographic trends and rising prevalence of diseases. In addition, the increasing elderly population would act as a significant beneficial factor driving the market growth during the study period.
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COVID-19 Impact Analysis
The COVID-19 pandemic positively influenced the global plastics for the healthcare packaging market. The demand for novel drugs and devices increased rapidly. In addition, the burden on healthcare bodies increased drastically, which surged the demand for the manufacturing of efficient pharmaceuticals and equipment. Thus, the global plastics for healthcare packaging market witnessed significant growth globally. The market is forecast to grow during the study period as a result of the COVID-19 pandemic. It is attributed to the rising awareness about healthcare and increasing government focus on boosting healthcare facilities.
Competitors in the Market
- DS Smith Plc
- Huhtamäki Oyj
- Berry Global, Inc.
- Sonoco Products Company
- Sealed Air Corporation
- Constantia Flexibles Group GmbH
- Winpak Ltd.
- CCL Industries Inc.
- Other Prominent Players
Market Segmentation
By Type
- Bottle packaging
- Blister packaging
- Syringes packaging
- Vial packaging
- Device packaging
- Others
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By End-user
- Pharmaceutical companies
- Medical device manufacturing companies
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
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- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Plastics for Healthcare Packaging Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Plastics for Healthcare Packaging market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Plastics for Healthcare Packaging Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Plastics for Healthcare Packaging market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Plastics for Healthcare Packaging market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Plastics for Healthcare Packaging market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Plastics for Healthcare Packaging market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Plastics for Healthcare Packaging business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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