Outlook of the global healthcare packaging market
In this market research report, analysts have estimated the global healthcare packaging market to grow at a CAGR of over 6% by 2020. Much of this market’s growth can be attributed to the recent increase in the usage of disposable medical products. A large number of the medical products used in modern healthcare facilities, such as scalpels, thermometers, syringes, needles, pre-filled syringes, and trays, are available as disposable products. Since these products offer benefits such as reduction in risk of cross-contamination, safety, sterility, and convenience of usage, the demand for plastic and paper as packaging materials has increased. Single-use disposable medical products eliminate the need for re-sterilization for repeated use and are highly cost-effective.
During 2015, North America was the largest market for healthcare packaging and is anticipated to retain its dominant market position by the end of 2020. In this region, the US will be the primary revenue-generating region during the forecast period as the demand for innovative forms of packaging in the US is propelled by stringent regulations by watchdog agencies like the FDA. It has also been observed by the analysts that the overall growth of the market in the US will be hindered by the rising demand in emerging countries that import large volumes of pharmaceutical products.
Competitive landscape and key vendors
The global healthcare packaging market is fragmented owing to the presence of several multinational, regional, and local vendors. The local players have raised
Overview of the global blister packaging market
According to Technavio’s market research analysis, the global blister packaging market will grow at a CAGR of almost 6% between 2016 and 2020. The implementation of blister packaging is the highest in the pharmaceutical industry because of the rapid growth in the demand for tamper-evident and convenient packaging. Blister packaging safeguards medicines and small medical devices from oxygen, moisture, odor and also increases their shelf life. Also, this kind of packaging is preferred in the healthcare sector owing to its flexibility to the unit-dose format with extended visibility, expanded label content, and implicit track and trace features. Vendors in the market are shifting towards the use of automated techniques in blister packaging. Automation in blister packaging reduces the labor expenses as well as time by over 75% due to increased efficiency of the machines.
One of the major trends gaining traction in this market is the growing shift towards smart blister packaging. Several packaging industries are developing smart blister packs to combat medical counter-feinting and track the status of drugs and medication during the transportation and distribution process. Manufacturers are integrating RFID into blister packs to ease the processes of the supply chain by tracking the condition and progress of the tablets. Also, with the use of RFID tags, the contents of the blister pack can be verified without breaking the tamper evident seal using the digital code on the ribbon.
Competitive landscape and key vendors
Overview of the global PET packaging market
Technavio’s market research analyst predicts the global PET packaging market to grow moderately throughout the forecast period, posting a CAGR of more than 5%. Factors such as rising demand for different-sized packs and increased focus on packaging as an important tool for brand differentiation are positively influencing the growth of the PET packaging market. At present, the PET packaging market is undergoing several technological innovations to increase impermeability and eliminate the risk of harmful substances entering into these containers. The latest technology gaining preference among vendors is the plasma coating process, which includes the coating of PET containers with protective layers that make them less permeable. Such protective barrier coating formed through plasma-enhanced chemical vapor deposition makes the plastic stronger, more impervious, and easy to recycle. Vendors have also come up with the use of silver in plastic milk bottles to double the shelf life of milk and milk beverages. The silver-based nanoparticles have anti-microbial, bactericidal, and self-sterilizing properties which increase the shelf life of these bottles.
Manufacturers in the market are shifting toward packaging beer in PET bottles. Beer bottles need a high barrier against carbon dioxide egress and oxygen ingress, besides the requirement to retain clarity and strength. Such requirements have propelled manufacturers to design PET bottles using methods like multi-layer preform molding and monolayer polyester structure to increase barrier properties. High
Overview of the global anti-static packaging market
Market research analysts at Technavio predict that the global anti-static packaging market will grow steadily during the next four years and post a CAGR of more than 8% by 2020. This market research analysis identifies the increasing miniaturization of electronic devices as one of the primary growth factors for this market. An increase in the demand for mobility in electronic devices has resulted in the adoption of smaller devices, which in turn, led to the miniaturization of semiconductor ICs. The adoption of advanced technologies such as 3D ICs and micro-electromechanical systems (MEMS) will help in the development of miniaturized and user-friendly electronic devices. These compact electronic devices require smaller and densely-built semiconductors and ICs. Since dense PCBs have more chances of tribocharging, there will be a rising demand for anti-static packaging products.
Focusing on improving the quality of life using technology and efficient services, governments around the globe are increasingly concentrating on the development of smart cities. Smart cities use sensors to monitor and control different aspects such as irrigation systems, bus networks, traffic conditions, and the brightness of public lighting systems. This will increase the demand for anti-static devices and in turn, will drive the demand for anti-static wrapping material.
Competitive landscape and key vendors
Due to the presence of various regional and small vendors,
Overview of the hot drinks packaging market in the US
Technavio’s market research analyst predicts the hot drinks packaging market in the US to grow at a moderate CAGR of around 3% during the forecast period. Owing to the growing need to preserve the quality of hot drinks like coffee, improve their shelf appeal and maintain freshness and aroma, manufacturers are introducing several innovative packaging methods. Coffee producers in the US are looking for sustainable packaging materials that aim at reducing transportation and recyclability expenses. Several packaging companies are investing in materials that are light and cause less environmental impact. They are increasingly using metalized sealants or plastic films that can be easily recycled and protect the freshness of the product. Stand-up pouches with gas valves and reclosable zippers are the most used packaging products by coffee vendors in the US. Moreover, to increase their manufacturing production, several US vendors in the coffee industry are also using vertical packaging equipment due to its excellent packing abilities and high operational efficiency. These vertical form fill sealing (VFFS) machines exhibit speeds up to 50 cycles per minute, which will further augment the growth prospects for this market in the coming years.
This market analysis observes the projected rise of private labels in the US hot drinks market who are offering a wide range of coffee products at affordable prices compared to branded products. These private label coffee producers are focusing on innovative packaging designs to boost their sales and increase brand loyalty for their products
Overview of the global aluminum foil packaging market
Technavio’s market research analyst predicts the aluminum foil packaging market to witness steady growth rate of around 7% during the forecast period. The market demand for aluminum foil packaging will continue to grow due to lightweight, flexibility, durability, and barrier properties of aluminum when compared to plastic and glass. Aluminum foil packaged products ensure product safety, leading to growing applications of aluminum foils in the packaged industry sector. With the growing preference for convenient and lightweight packaging among consumers, the vendors are coming up with innovative aluminum foil packaging solutions to capitalize the growing organized retail and packaged food markets. Aluminum foil offers an excellent barrier to moisture, air, odors, light, and microorganisms and does not require lacquer or other protection, which prevents food from deteriorating and avoids contamination.
Vendors and manufacturers are making investments on R&D to innovate lightweight aluminum foil packaging to enhance the end-user segment usability and minimize wastage. This kind of packaging is cost effective and recyclable. Aluminum foils can be economically recycled and have more sustainability. Aluminum foil waste when disposed does not add any poisonous contaminants to the water or ground. Such properties of these foils have benefitted manufacturers as they save costs by eliminating the need to invest on expensive disposable systems. Moreover, the substantial improvements in barrier properties of aluminum foils and laminated aluminum films have also propelled the market for
Packaging plays a significant role in transportation and warehousing, and is an important aspect of the distribution chain. The global packaging industry is highly innovative because of the technologies used to enclose and preserve products during storage and sale.
Market research into the packaging sector is broadly segmented into rigid packaging and flexible packaging.
Flexible packaging is experiencing a huge boom in popularity thanks to its light weight, which results in lower shipping and handling costs.
Technavio’s packaging portfolio includes market reports on rigid packaging (metal, glass, and rigid plastics), flexible packaging (plastics, papers, and foils), packaging machinery, and processing machinery.