The plastic healthcare packaging size is valued at USD 32.64 billion in 2024 and is anticipated to reach USD 43.83 billion by 2029 with a CAGR of 5.56% during the forecast period.
The packaging needs to be strong, protective, safe, and affordable; these factors enhance the adoption of plastics in healthcare packaging. Plastics are used extensively in the healthcare industry as they are used in the packaging of tablets, threads for stitching wounds, syringes, doctor gloves, and various medical instruments. The plastic healthcare packaging market has accounted for significant growth in the past years and is anticipated to have a prominent growth rate during the forecast period. Polyvinyl chloride and polyethylene are widely used in the medical industry due to their flexibility, durability, reliable strength, and excellent chemical resistance, which is escalating the growth opportunities in the market.
The increasing sedentary lifestyles of people are inducing various lifestyle-related disorders, which is enhancing the requirement for more pharmaceuticals, which drives the plastic healthcare packaging market revenue. The rising demand for advanced packaging solutions in the healthcare industry to maintain product safety and security during storage and transportation is fueling the market growth. The growing demand for plastic packaging in the healthcare industry is due to its durability, affordability, and versatility, propelling market growth opportunities. The rise in demand for medical supplies and medicines is boosting the growth of the plastic healthcare packaging market.
The rising technological advancements in the packaging industry regarding design and durability are enhancing the functionality and safety of plastic healthcare packaging, which will increase the market growth. The innovative packaging helps to improve the product's shelf-life by reducing the waste that fuels market growth. The growing manufacturing innovations in packaging solutions to produce lightweight, cost-effective, and easy utilization that meets the healthcare industry's requirements augments the market growth opportunities.
The major challenge for the growth of the plastic healthcare packing market is the growing concerns regarding the significant effect of plastic on the environment, which is hampering the market growth. The increasing pressure from environmental groups and consumers for sustainable packaging encourages manufacturers to adopt sustainable solutions, limiting market growth. The requirement of specialized materials for different products and the quality of the materials is estimated to hinder market expansion. The increased awareness among the people regarding the environmental effects is helping companies minimize packaging waste and adopt sustainable practices. It will be challenging for the manufacturers to balance the concerns and revenue of the company, which restricts the market growth opportunities. The presence of stringent regulations regarding using plastic materials for packaging certain healthcare products, including safety, efficacy, and chemical resistance, will challenge the market players due to their complexity. The rising concerns regarding the health effects of long-term storage of medicinal products in plastic packaging will impede the adoption of plastics in the healthcare packaging industry.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
5.56% |
Segments Covered |
By Type, Material, Industry, and Region |
Various Analyses Covered |
Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Market Leaders Profiled |
Amcor plc, Gerresheimer AG, Sonoco Products Company, Toray Plastics Inc., Klockner Pentaplast Europe GmbH, Novio Packaging, Adelphi Healthcare Packaging, Comar, Aphena Pharma Solutions, Sealed Air Corporation, and others. |
Bottles are the preferred choice for preserving different types of pharmaceutical products, as maintaining safety is majorly driving the segment's growth. The increased demand for cost-effective packaging and the enhanced production of oral dosage forms are escalating the demand for bottles in the healthcare industry, leading to segment revenue growth.
The pouches segment is estimated to grow rapidly in the coming years. Pouches are gaining traction due to their lightweight and flexibility and ability to be used according to product shape and size, augmenting the segment's growth opportunities.
Various properties of polyethylene enhance its adoption in the packaging industry, propelling the segment revenue growth. High flexibility, durability, moisture, and chemical resistance are primary factors enhancing the utilization of polyethylene along with its cost-effective process augmenting the segment growth.
The polyethylene terephthalate segment is projected to grow rapidly during the forecast period. PET's green traits and recyclability are escalating its adoption in the healthcare industry, and manufacturers seeking sustainable options are boosting the segment's growth opportunities.
The growing production and expansion of pharmaceutical products are escalating the demand for advancements in packaging technologies, which drives the segment's growth. The increasing demand for medicines and the growing prevalence of diseases among people are augmenting the demand for sustainable and leakage-free packaging materials, which fuels the market's growth.
The medical devices packaging segment is projected to grow steadily during the forecast period due to rising demand for cost-effective, sustainable, and protected packaging materials in the healthcare industry.
The region's well-established and advanced technological healthcare system is the primary factor driving the market growth. The growing geriatric population with chronic diseases is escalating the demand for pharmaceuticals and medical devices; the need for protective and safe transportation and storage of the products has enhanced the adoption of plastic materials for packaging, boosting regional market growth. The presence of a well-established pharmaceutical industry, owing to the presence of significant market players in the United States, propels the market growth in the region.
The European region is extensively known for its extensive pharmaceuticals and healthcare industry, which positively influences market growth. The growing innovations in the pharmaceutical industry will positively impact market growth opportunities.
The increasing population and the expanding healthcare and pharmaceutical industry in regional countries like India, China, and Japan contribute to regional market growth. The growing investments in the region's healthcare infrastructure, the strong presence of market players, and the growing demand for efficient and cost-effective packaging materials will accelerate the market growth opportunities in the region.
Amcor plc, Gerresheimer AG, Sonoco Products Company, Toray Plastics Inc., Klockner Pentaplast Europe GmbH, Novio Packaging, Adelphi Healthcare Packaging, Comar, Aphena Pharma Solutions, Sealed Air Corporation are some of the notable companies in the global Plastic Healthcare Packaging market.
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