The Healthcare Packaging Global Market Report 2023, provides comprehensive information on the healthcare packaging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global healthcare packaging market size is expected to grow from $106.95 billion in 2022 to $112.99 billion in 2023 at a compound annual growth rate (CAGR) of 5.64%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global healthcare packaging market size is expected to reach $145.18 billion in 2027 at a CAGR of 6.47%.
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Technological advancement is a key trend gaining popularity in the healthcare packaging market. Major companies operating in the healthcare packaging market are adopting new technologies to sustain their position in the market. For instance, in August 2021, Amcor Plc., an Australia-based product packaging company, launched lidding technology for healthcare packaging applications. This packaging solution is based on a laminate and inert film development that is patent-protected. This technology is used for devices that use an active pharmaceutical ingredient (API) to form the basis of medicine. Moreover, it endures heat sterilization without affecting the drug uptake into the medicine and offers machinability, integrity, post-sterilization, and ease of opening for patients. Lidding technology is primarily used for combination healthcare products such as contact lenses.
The healthcare packaging market is segmented:
1) By Product: Bottles And Containers, Vials And Ampoules, Cartridges And Syringes, Pouches And Bags, Blister Packs, Tubes, Paper Board Boxes, Caps And Closures, Labels, Other Products
2) By Packaging Format: Flexible Packaging, Rigid Packaging
3) By Material Type: Glass, Plastic, Metal, Paper And Paperboard
4) By Drug Delivery Mode: Oral, Injectable, Dermal And Topical, Inhalable, Other Drug Delivery Modes
5) By End-User: Pharmaceutical, Medical Devices
North America was the largest region in the healthcare packaging market in 2022.
The table of contents in TBRC’s healthcare packaging market report includes:
1. Executive Summary
2. Healthcare Packaging Market Characteristics
3. Healthcare Packaging Market Trends And Strategies
4. Healthcare Packaging Market – Macro Economic Scenario
5. Healthcare Packaging Market Size And Growth
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26. Africa Healthcare Packaging Market
27. Healthcare Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare Packaging Market
29. Healthcare Packaging Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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