Latest News- Healthcare Packaging Market: Primary packaging is expected to lead the Packaging segment during 2024-2028

The Healthcare Packaging Market is being driven by Increased worldwide consumption of drugs

The Healthcare Packaging Market is expected to grow at a CAGR of 6.49% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 53.9 billion. In the healthcare packaging market, stringent regulations and the imperative for top-tier medicines and pharmaceuticals are primary growth drivers for the global smart packaging industry. The pharmaceutical and healthcare sectors are subject to continually evolving legislation and compliance standards, necessitating adaptive and advanced packaging solutions. Smart packaging technology responds to these demands, offering features such as real-time temperature monitoring, moisture control, and product authentication. Moreover, the escalating requirement for moisture-sensitive drug packaging further bolsters the adoption of smart packaging in this segment. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Packaging
  • Primary packaging
  • Secondary packaging
• Product Type
  • Bottles
  • Blisters
  • Vials
  • Pouches
  • Others
• Geography
  • APAC
    • China
    • India
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased worldwide consumption of drugs
• Increased use of disposable medical products
• Increased demand for parenteral containers

However, the market also witnesses some limitations, which are as follows:

• Inefficient product labeling process
• Growing environmental concerns due to plastic packaging
• Increasing pricing pressures

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Market Scope in Healthcare Packaging Market Research Report

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Research Analysis Overview

The healthcare packaging market is experiencing significant growth due to the increasing geriatric population and the rise in chronic diseases. Plastics continue to dominate the market, with manufacturers investing in plastic recycling technologies and bioplastics to address environmental concerns. Pharmaceutical firms are focusing on primary packaging solutions for biologic medications, utilizing recyclable polymers and high-tech equipment. Technological breakthroughs, such as near-field communication (NFC) and radio-frequency identification (RFID), are enhancing supply chain management and reducing counterfeit drugs. The rigid packaging segment, including microbial and aseptic packaging, is a key area of focus for pharmaceutical vendors. Medical devices and disposable kits also require specialized packaging solutions. The plastic industry and pharmaceutical packaging businesses are collaborating to create sustainable packaging solutions, addressing both environmental issues and the need for advanced, protective packaging for pharmaceutical products.

Market Research Overview

The healthcare packaging market encompasses a diverse range of suppliers and manufacturing processes, with key inputs derived from metal, glass, and plastic container raw materials. Suppliers span from providers of base materials like steel, aluminum, tin for metal containers, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers, and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene, and polyvinyl chloride (PVC) for plastic containers. This complex supply chain involves stages such as raw material procurement, research and development, large-scale manufacturing, and distribution to end-users.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/