Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Plastic Healthcare & Medical Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.8% during the review period (2022 to 2027).
Plastic Healthcare & Medical Packaging Market Overview
Increasing drug production and development of healthcare and medical sectors will generate significant growth opportunities for the Plastic Healthcare & Medical Packaging market in the coming years. Moreover, Plastic Healthcare & Medical Packaging formats are preferred by consumers, as these not fragile and are easy to handle compared to alternative packaging solutions available in the market. Inclusion of child resistant packaging, user-friendly solutions, and eco-friendly material is expected to increase sales in the market. Medical packaging refers to the process of safeguarding healthcare products, designed according to the sterilization requirements and unique specifications of medical products to preserve their integrity whilst adhering to medical standards.
The COVID-19 eruption has impacted almost every aspect of life about the world, changing the gaining patterns of customers who are concerned about safe and clean wrapping.The impact of COVID-19 on the wrapping industry is mixed as the request for health care packet remains strong, but the lack of raw materials, storage units, work force due to universal shut down has created a test for builders to balance the demand and supply.
Recent Developments:
April 2021, Amcor plc launched a recyclable polyethylene-based thermoform blister packaging format. It is intended to meet the high standards of regulated pharmaceutical packaging that creates a sustainable alternative.
January 2021, Gerresheimer planned to build a second production plant near Mumbai, India to meet plastic healthcare packaging requirements worldwide. The product portfolio includes plastic containers, plastic ampoules, plastic bottles and more in a variety of designs.
Who are the Major Players in Plastic Healthcare & Medical Packaging Market?
The Plastic Healthcare & Medical Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Amcor plc(NYSE: AMCR), Gerresheimer, ALPLA, Wihuri Group, Sealed Air Corporation(NYSE:SEE), Berry Plastics Inc, Constantia Flexibles, OLIVER, FUJIMORI, Rengo Co., Ltd, Nelipak Healthcare, Coveris, Printpack, Sonoco(NYSE: SON), ACG, Southern Packaging, Prince New Material and others.
Plastic Healthcare & Medical Packaging Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Plastic Healthcare & Medical Packaging Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Plastic Healthcare & Medical Packaging Market?
Plastic Healthcare & Medical Packaging Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
- Flexible Packaging
- Rigid Packaging
- Others
By Application it is segmented into
- Health Care Products
- Pharmaceutical
- Medical Devices
- Hospital Supplies
- Other
Plastic Healthcare & Medical Packaging Market Regional Analysis
On the regional front, the North America plastic healthcare packaging market is set to portray a strong growth rate through 2028, which can be accredited to the bigger load of long-lasting diseases. As per the CDC, chronic states are the leading causes of disability across the U.S. and the drivers of the country’s yearly health care costs worth $3.8 trillion. Subjects such as these, along with the rising growth of drugs with valuable medical aids in the region, are expected to push the duty of health care plastic packaging keys in the future years.
China is one of Asia’s largest contributors in the production of healthcare products. The enormous market continues to grow rapidly driven by economic growth, expenditure, and aging population owing to investments into basic health treatments. The country is projected to grow rapidly due to low cost of raw materials and labor charges. In the South Asia market, India is expected to hold major share of 35.8% in 2021. Increasing government initiatives and awareness regarding personal health and hygiene are key factors supporting demand. The country is expected to witness prominent growth of 8.4% during the assessment period.
- 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
The Plastic Healthcare & Medical Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Plastic Healthcare & Medical Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Plastic Healthcare & Medical Packaging Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2028 CAGR
|
CAGR of 4.8% during the review period (2022 to 2027).
|
By Type
|
- Flexible Packaging
- Rigid Packaging
- Others
|
By Application
|
- Health Care Products
- Pharmaceutical
- Medical Devices
- Hospital Supplies
- Other
|
By Companies
|
Amcor plc(NYSE: AMCR), Gerresheimer, ALPLA, Wihuri Group, Sealed Air Corporation(NYSE:SEE), Berry Plastics Inc, Constantia Flexibles, OLIVER, FUJIMORI, Rengo Co., Ltd, Nelipak Healthcare, Coveris, Printpack, Sonoco(NYSE: SON), ACG, Southern Packaging, Prince New Material and others
|
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
|
161
|
Customization Available
|
Yes, the report can be customized as per your needs
|
CRUCIAL AIDS FOR INVESTORS
- This version provides a full arithmetic analysis of the current plastic healthcare packing market trends and forecast guess from, which assists to order the usual plastic health care packing market chances.
- A complete analysis of the issues that drive and confine the growth of the global shop is if.
- Region-wise and country-wise market conditions are comprehensively analysed in this report.
- An wide analysis of various regions provides insights that is expected to allow businesses to tactically plan their business moves.
- Key market players within the plastic health care wrapping market are profiled in this report and their strategies are analysed carefully, which helps in kind the good outlook of the plastic healthcare packaging market.
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.
Frequently Asked Questions
What is the study period of this market?
The Plastic Healthcare & Medical Packaging Market is studied from 2017 - 2027.
What is the growth rate of Plastic Healthcare & Medical Packaging Market?
The Plastic Healthcare & Medical Packaging Market is growing at a CAGR of 4.8% over the next 5 years.
Who are the key players in Plastic Healthcare & Medical Packaging Market?
Amcor plc(NYSE: AMCR), Gerresheimer, ALPLA, Wihuri Group, Sealed Air Corporation(NYSE:SEE), Berry Plastics Inc, Constantia Flexibles, OLIVER, FUJIMORI, Rengo Co., Ltd, Nelipak Healthcare, Coveris, Printpack, Sonoco(NYSE: SON), ACG, Southern Packaging, Prince New Material and others.
What regions regions does this Plastic Healthcare & 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 Plastic Healthcare & Medical Packaging Market?
Flexible Packaging, Rigid Packaging, Others
What are the major end-use applications of Plastic Healthcare & Medical Packaging Market?
Health Care Products, Pharmaceutical, Medical Devices, Hospital Supplies, Other
