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Healthcare Packaging Market by Product, Packaging, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71078
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The healthcare packaging market has the potential to grow by USD 44.00 billion during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 6.49%.

This healthcare packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (bottles, blisters, vials, pouches, and others), packaging (primary packaging and secondary packaging), and geography (APAC, North America, Europe, MEA, and South America). The healthcare packaging market report also offers information on several market vendors, including 3M Co., Amcor Plc, Baxter International Inc., Becton Dickinson and Co., DuPont de Nemours Inc., Gerresheimer AG, SCHOTT AG, Sonoco Products Co., West Pharmaceutical Services Inc., and WestRock Co. among others.

What will the Healthcare Packaging Market Size be in 2021?

Healthcare Packaging Market Size

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Healthcare Packaging Market: Key Drivers and Trends

The increased worldwide consumption of drugs is notably driving the healthcare packaging market growth, although factors such as the inefficient product labeling process may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the healthcare packaging market is the increasing global consumption of drugs.
  • Growing urbanization and increased health awareness among the population are the major factors driving the growth of the healthcare industry.
  • The consumption of drugs is increasing worldwide owing to the increased incidence and prevalence of chronic diseases, hectic lifestyles, and the aging of the population.
  • Technological innovations, changes in the production process, and better efficiency have enabled drug manufacturers worldwide to cater to the increased demands from customers.
  • The increased use of disposable medical products is another major factor supporting the healthcare packaging market share growth.
  • Disposable products offer benefits such as reducing the risk of cross-contamination, better safety and sterility, and convenience of usage.
  • The increased usage of disposable products has increased the demand for plastic and paper as packaging materials as they are cost-effective.
  • Single-use disposable medical products eliminate the need for re-sterilization for repeated use making them profitable.

This healthcare packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Healthcare Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Amcor Plc
  • Baxter International Inc.
  • Becton Dickinson and Co.
  • DuPont de Nemours Inc.
  • Gerresheimer AG
  • SCHOTT AG
  • Sonoco Products Co.
  • West Pharmaceutical Services Inc.
  • WestRock Co.

 

This statistical study of the healthcare packaging market encompasses successful business strategies deployed by the key vendors. The healthcare packaging market is fragmented and the vendors are deploying growth strategies such as offering innovative solutions at lower prices to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Packaging Market?

Healthcare Packaging Market Market segmentation by region

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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for healthcare packaging in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Healthcare Packaging Market?

Healthcare Packaging Market Segmentation

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The healthcare packaging market share growth by the bottles segment will be significant during the forecast period. Bottles will remain the most widely utilized packaging type for oral medications that are distributed in bulk to retail pharmacists. They will also continue to dominate applications in OTC medicines sold in tablet and capsule form of 50 or more. More of the vendors focus on utilizing 100% recyclable plastic for plastic bottles used in healthcare applications. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare packaging market size and actionable market insights on post COVID-19 impact on each segment.

 

Healthcare Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.49%

Market growth 2021-2025

$ 44.00 billion

Market structure

Fragmented

YoY growth (%)

8.57

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Germany, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Amcor Plc, Baxter International Inc., Becton Dickinson and Co., DuPont de Nemours Inc., Gerresheimer AG, SCHOTT AG, Sonoco Products Co., West Pharmaceutical Services Inc., and WestRock Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Healthcare Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare packaging market growth during the next five years
  • Precise estimation of the healthcare packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare packaging industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare packaging market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Bottles - Market size and forecast 2020-2025
    • Blisters - Market size and forecast 2020-2025
    • Vials - Market size and forecast 2020-2025
    • Pouches - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Packaging

    • Market segments
    • Comparison by Packaging
    • Primary packaging - Market size and forecast 2020-2025
    • Secondary packaging - Market size and forecast 2020-2025
    • Market opportunity by Packaging

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • Amcor Plc
      • Baxter International Inc.
      • Becton Dickinson and Co.
      • DuPont de Nemours Inc.
      • Gerresheimer AG
      • SCHOTT AG
      • Sonoco Products Co.
      • West Pharmaceutical Services Inc.
      • WestRock Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Healthcare Packaging market growth will increase by $44 billion during 2020-2025.
      The healthcare packaging market is expected to grow at a CAGR of 6.49% during 2020-2025.
      Technavio has segmented the healthcare packaging market by product (Bottles, Blisters, Vials, Pouches, and Others) ,packaging (Primary packaging and Secondary packaging) , and geographic (APAC, North America, Europe, MEA, and South America).
      3M Co., Amcor Plc, Baxter International Inc., Becton Dickinson and Co., DuPont de Nemours Inc., Gerresheimer AG, SCHOTT AG, Sonoco Products Co., West Pharmaceutical Services Inc., WestRock Co. are a few of the key vendors in the healthcare packaging market.
      APAC will register the highest growth rate of 37.23% among the other regions. Therefore, the healthcare packaging market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the healthcare packaging market growth are:
      • Increased worldwide consumption of drugs
      The healthcare packaging market vendors should focus on grabbing business opportunities from the bottles segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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