Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Paper Medical Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.6% during the review period (2022 to 2027).
Paper Medical Packaging Market Overview
IoT-enabled healthcare systems can track every drug package, keep track of every tablet or capsule's medication activity, and display all patient-specific prescription data. For this use, the Rise of Intelligent and Interactive Packaging (I2Pack) format is appropriate for smart devices. The I2Pack is the next generation of medical packaging that integrates RFID, sensing, energy harvesting, communication, and other features over conventional packaging mediums to connect with customers. The I2Pack can be given more responsibilities in addition to containing and protecting goods because the information fetched and carried by the packaging will change from static to dynamic, and the information flow will change from one-directional (product to consumer only) to dual-directional (both product to consumer and consumer to producer).
The amount of money spent on drugs worldwide is increasing. It increased from just US$ 890 Bn in 2010 to roughly US$ 1.3 trillion in 2020 (of which one-third belongs to the US). In terms of global pharmaceutical spending, the United States now holds the top spot and is expected to do so through 2025.
Recent Developments:
In April 2021, Amcor unveiled its newest innovation - the New AmSkyTM blister system, with the potential to transform the sustainability of healthcare packaging.
In January 2021, Ashfield, a division of UDG healthcare plc, announced the development of three business divisions to extend and strengthen its healthcare services.
Who are the Major Players in Paper Medical Packaging Market?
The global Paper Medical Packaging includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Westrock, International Paper, Amcor Ltd, Kapstone LLC, Mondi Group, Sappi Ltd, DS Smith PLC, Sonoco Corporation, Clearwater Inc., Carauster Industries Inc., Tetra PaK International SA, Shenzhen YUTO Packagin, Xiamen Hexing Packaging Printing and many others
What are the major Applications, Types and Regions for Paper Medical Packaging Market?
Paper Medical Packaging Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Paperboard
- Container board
- Corrugated board
- Kraft Paper
- Other
By Application it is segmented into
- Pharmaceutical
- Medical Devices
- Hospital Supplies
- Other
Paper Medical Packaging Market Regional Analysis
North America holds the largest market share; however, Asia Pacific is the fastest-growing region. The Paper Medical Packaging market in North America is expected to grow due to the increasing aging population, growing pharmaceutical industry in the region, and increasing collaborations between government and manufacturers.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Paper Medical Packaging Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 3.6% during the review period (2022 to 2027).
|
By Type
|
- Paperboard
- Container board
- Corrugated board
- Kraft Paper
- Other
|
By Application
|
- Pharmaceutical
- Medical Devices
- Hospital Supplies
- Other
|
By Companies
|
Westrock, International Paper, Amcor Ltd, Kapstone LLC, Mondi Group, Sappi Ltd, DS Smith PLC, Sonoco Corporation, Clearwater Inc., Carauster Industries Inc., Tetra PaK International SA, Shenzhen YUTO Packagin, Xiamen Hexing Packaging Printing
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
167
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Paper Medical Packaging Report
- Evaluate Paper Medical Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Paper Medical Packaging market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Paper Medical Packaging market.
Frequently Asked Questions
What is the study period of this market?
The Paper Medical Packaging Market is studied from 2017 - 2027.
What is the growth rate of Paper Medical Packaging Market?
The Paper Medical Packaging Market is growing at a CAGR of 3.6% over the next 5 years.
Who are the leading key players in Paper Medical Packaging Market?
Westrock, International Paper, Amcor Ltd, Kapstone LLC, Mondi Group, Sappi Ltd, DS Smith PLC, Sonoco Corporation, Clearwater Inc., Carauster Industries Inc., Tetra PaK International SA, Shenzhen YUTO Packagin, Xiamen Hexing Packaging Printing
What regions does this Paper Medical Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Paper Medical Packaging Market?
Paperboard, Container board, Corrugated board, Kraft Paper, Other
What are the significant Applications of Paper Medical Packaging Market?
Pharmaceutical, Medical Devices, Hospital Supplies, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
