Healthcare Packaging Market Size to grow by USD 53.9 billion between 2024-2028
According to a research report “ Healthcare Packaging Market” by Packaging (Primary packaging, Secondary packaging) Product Type (Bottles, Blisters, Vials, Pouches, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 53.9 billion, at a CAGR of 6.49% during the forecast period. The healthcare industry is experiencing significant growth due to urbanization and heightened health consciousness among consumers. The global consumption of pharmaceuticals is surging, fueled by the rising incidence and prevalence of chronic diseases, hectic lifestyles, and an aging population. Technological advancements have revolutionized drug manufacturing, leading to the adoption of sophisticated equipment, technologies, and substantial investments. This transformation enables drug manufacturers to efficiently cater to the escalating demand for various drug forms, including inhalants, aerosols, pessaries, lozenges, and suppositories, while maintaining stringent quality standards..
Browse market data tables, figures, and in-depth TOC on “Healthcare Packaging Market” by Packaging (Primary packaging, Secondary packaging) Product Type (Bottles, Blisters, Vials, Pouches, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Packaging, the Primary packaging segment is projected to dominate the market size in 2024
The primary healthcare packaging segment encompasses packaging solutions that directly interact with pharmaceuticals or healthcare products. This segment comprises various items such as ampules, vials, glass and plastic bottles, caps and closures, liners, pouches and seals, blister packs, medication tubes, pre-fillable syringes, and inhalers. Notably, glass jars and bottles, along with intravenous (IV) containers, fall under this category. IV containers are available in diverse dimensions and are increasingly transitioning towards eco-friendly materials like PVC and diethylhexyl phthalate (DEHP). As a result, the global market for healthcare packaging is projected to expand significantly during the forecast period.
By Product Type, Bottles segment is expected to hold the largest market size for the year 2024
In the healthcare packaging market, bottles remain the preferred choice for packaging pharmaceutical drugs, particularly oral medications distributed in bulk to retail pharmacies. This trend is expected to persist for tablets and capsules of OTC medicines in quantities of 50 or more. Vendors are increasingly focusing on utilizing 100% recyclable plastic for bottles used in healthcare applications. The primary advantage of bottles is their ability to maintain the product's composition in varying external environmental and climatic conditions, thereby preventing contamination of the contents within. Bottles are predominantly manufactured from glass and plastic and are customized to cater to the specific requirements of pharmaceutical companies.
APAC is forecasted to hold the largest market size by region in 2024
The healthcare packaging market is experiencing significant growth due to the increasing demand for safe and effective packaging solutions in the healthcare industry. Key drivers include stringent regulations, rising healthcare expenditures, and the growing preference for convenient and easy-to-use packaging. Innovative technologies, such as active and intelligent packaging, are also gaining traction, offering enhanced product protection and improved patient safety. Overall, the market is expected to continue its robust expansion in the coming years.
The Healthcare Packaging Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
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 is experiencing significant growth due to the increasing demand for advanced packaging solutions in the pharmaceutical and medical device industries. Holographic images and anti-counterfeit packaging technologies are becoming increasingly popular to ensure product authenticity and patient safety, particularly for single-use medical products and implantable devices. Desiccants and barrier films are essential for preserving the efficacy of pharmaceutical products, while pouches and bags offer convenience and portability. The geriatric population and chronic diseases are driving the demand for primary packaging solutions, including syringes, trays, bags, pouches, and parenteral medicines. Technological breakthroughs in plastic recycling technologies, bioplastics, and high-tech equipment are addressing environmental issues and sustainability concerns in the plastic industry. Pharmaceutical firms are adopting near-field communication (NFC) and radio-frequency identification (RFID) for tracking and tracing pharmaceutical products and medical devices. Pharmaceutical vendors are focusing on developing recyclable polymers and sustainable packaging solutions to cater to the growing demand for eco-friendly packaging. Biologic medications and drug delivery systems are also driving the adoption of advanced machines and microbial and aseptic packaging. The market for healthcare packaging is expected to grow further with the integration of digital technology, blockchain, and advanced machines in the pharmaceutical and medical device industries. Counterfeit products continue to pose a significant threat, and the use of advanced technologies such as holographic images, NFC, RFID, and digital technology is essential to combat this issue. Overall, the healthcare packaging market is poised for growth, driven by technological advancements, increasing demand for sustainable packaging, and the need for patient safety and product authenticity.
Contacts
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/
