Healthcare Packaging Market Along With Covid-19 Impact Reviews and Analysis 2020 Along With Study Reports 2025 | Gerresheimer AG, Corning Incorporated, Nipro Corporation

Healthcare Packaging Market – Growth, Trends and Forecasts (2020 – 2025)

The Healthcare Packaging Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Healthcare Packaging market report provides information regarding market size, share, trends, growth, cost structure, Healthcare Packaging market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.

The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Healthcare Packaging market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Packaging industry and provides data for making strategies to increase market growth and effectiveness.

Scope of the report:

The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

The healthcare packaging market was valued at USD 117.36 billion in 2019, recording a CAGR of 6.35% over the forecast period from 2020 to 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Healthcare Packaging Market: Gerresheimer AG, Corning Incorporated, Nipro Corporation, SGD SA, Stlzle-Oberglas GmbH, Bormioli Pharma SRL, Schott AG, Shandong Medicinal Glass Co. Ltd, Beatson Clark PLC, Arab Pharmaceutical Glass Co, Piramal Glass Pvt Ltd, i ecam Group, and others.

Key Market Trends

Blister Packs are Expected to Witness Significant Growth

– Blister packages are one of the most popular and convenient dosing formats. The major companies that operate in the healthcare packaging industry provide non-PVC barrier blister packaging, which assists medical and pharmaceutical companies in meeting sustainability objectives and shelf-life requirements, and offers an economical alternative, compared to traditional market offerings. Blister packs are used for medical instruments or devices, such as catheters and injection syringes. However, applications of blister packs in medical device packaging are lesser than their applications in pharmaceutical product packaging.

– The occurrence of new diseases calls for better population health management. further, the emergence of informed customers and the growth of OTC (over-the-counter) drugs have augmented the growth of blister packaging in the pharmaceutical industry. Blister packaging has gained popularity to protect medication from moisture. Aligning to these trends, companies, like Burgopak and Ecobliss, have developed original blister packaging that is child-proof. The rising compliances by FDA, such as the CPG Sec. 450.500, which requires providing visible evidence to consumers that tampering has occurred, have been driving the need for tamper-evident packaging.

– This has enabled security throughout the product’s lifecycle, including after purchase by a consumer. Thus, blister packaging being the most used form of TEP (Tamperevident Packaging), has found an increased demand across the healthcare industry. Regulations related to child-proof packaging are also being implemented across regions, non-compliance, which may lead to medical recall and damage the reputation of drug manufacturers.

North America is Expected to Dominate the Market

– The United States and Canada are countries that are developed with prosperous economies, aging population segments, and advanced medical delivery systems, but the countries vary measurably in population size, healthcare spending intensities, aggregate gross domestic product (GDP) levels, and the structure of health insurance plans. With advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries, the United States account for one of the world’s largest geographical markets for healthcare packaging products.

– The United States also dominates the pharmaceutical market, both in consumption and development. According to STAT, prescription drug spending in the country is considered to increase to USD 600 billion by 2023, up from an estimated USD 500 billion in 2019, which is further expected to drive the market for pharmaceutical glass packaging in the country. Additionally, as the United States is facing costly pharmaceutical imports from other countries than Canada, the US government authorized a pilot project for wholesalers and pharmacists to import versions of FDA-approved medicines from Canada.

– Moreover, the increasing population under the age group of 0-9 years is estimated to drive the demand for pharmaceutical syrups, which would, in turn, reflect the growth of healthcare packaging in the region. According to the United States Census Bureau, in the United States, the population under 0-9 years age group was 40.01 million in 2019. Since United States is one of the largest consumers of pharmaceutical products and depends on imports for API and finished products, the prolonged periods of lockdown due to the spread of COVID-19 might also negatively affect the region’s market.

Influence of the Healthcare Packaging market report

– Comprehensive assessment of all opportunities and risks in the Healthcare Packaging market.

– Healthcare Packaging market recent innovations and major events.

– A Detailed study of business strategies for the growth of the Healthcare Packaging market-leading players.

– Conclusive study about the growth plot of the Healthcare Packaging market for forthcoming years.

– In-depth understanding of Healthcare Packaging market-particular drivers, constraints, and major micro markets.

– Favorable impression inside vital technological and market latest trends striking the market report.

What are the market factors that are explained in the report?

– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

– Analytical Tools: The Healthcare Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Find out:

  • Healthcare Packaging Market: Where are the opportunities? What does the future look like for the Healthcare Packaging Market? What will be the market size in the next 5 years?
  • Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
  • Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?

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Note – All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Healthcare Packaging Market Insights, Growing Demand and Manufacturing Analysis 2019 to 2024

Healthcare Packaging Market

The healthcare industry has evolved from its erstwhile traditional form of practices to the current position. High-tech equipment and instruments are being deployed to improve efficiency, in addition to the increasing demand for sustainable packaging and processing operations. Increasing awareness regarding environmental issues and government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical device and pharmaceutical vendors are providing scope for expansion to the healthcare packaging market.

The healthcare packaging market was valued at USD 110.36 billion in 2018, recording a CAGR of 6.35% over the forecast period (2019-2024).

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Top Companies in the Global Healthcare Packaging Market:

WestRock Company, Sonoco Products Company, Avery Dennison Corporation, Gerresheimer AG, DowDuPont, Amcor Limited, Bemis Co. Inc., BASF SE, Sonoco Products Company, Industrial Development Company (INDEVCO) SAL, West Pharmaceuticals Services Inc., Becton, Dickinson & Co., Owens-Illinois Inc.

Market Overview:

Increasing geriatric population, as a result of increased life expectancy rates globally, is creating a scope for medical device manufacturers and pharmaceuticals. The advent of novel products, owing to advancements in the fields of biopharmaceutical and biology, supported by the requirements for better compliance, is expected to drive the growth of the market further.
Governments across regions, globally, are making affordable healthcare mandatory, considering the need for healthcare access across all age groups, especially the aging population. For instance, the Affordable Care Act in the United States has allowed for almost 30 million more US citizens to obtain insurance.

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Key Market Trends:

Blister Packages are Expected to have the Highest Growth

Blister packages are one of the most popular and convenient dosing formats. The major companies that operate in the healthcare packaging industry provide non-PVC barrier blister packaging. This assists medical and pharmaceutical companies to meet sustainability objectives and shelf-life requirements, besides providing an economical alternative, in comparison to traditional market offerings.
Blister packs are used for medical instruments or devices, such as catheters and injection syringes. However, applications of blister packs in medical device packaging are lesser than their applications in pharmaceutical product packaging.
Blister packaging provides seal integrity and a high degree of the microbial barrier, to help keep the contents of the package sterilized, until use. Tyvek forms a strong seal bond with the thermoformed film, thus reducing the risk of contamination and package compromise, in case of impact to the lidding during shipping or storage.
Blister packaging has gained popularity to protect medication from moisture. Aligning to these trends, companies, like Burgopak and Ecobliss, have developed ingenious blister packaging that is child-proof. The rising compliances by the FDA, such as the CPG Sec. 450.500 (which requires providing visible evidence to consumers that tampering has occurred) have been driving the need for tamper-evident packaging. This has enabled security throughout the products lifecycle, including after purchase by a consumer. Blister packaging is the most used form of TEP, and has thus found an increased demand across the healthcare industry.

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Customization of the Report: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com