Transparency Market Research, New York: The shifting trend of manufacturers from glass to plastic may serve as a prominent growth multiplying factor for the healthcare packaging market.
- The ubiquitous use of disposable plastics and technological innovations may enable the healthcare packaging market to record thumping growth
- The global healthcare packaging market is projected to expand at 5% CAGR during the period of 2019 to 2027, thanks to the escalating hygiene concerns across the healthcare sector around the world
Transparency Market Research, New York: The shifting trend of manufacturers from glass to plastic may serve as a prominent growth multiplying factor for the healthcare packaging market. In addition, the widespread availability of varied plastic types gives the flexibility to the manufacturers in deciding the type of packaging plastic needed for a specific product according to its requirement. The growing prevalence of online shopping has also invited considerable growth for the healthcare packaging market.
The TMR analysts predict a CAGR of 5% for the global healthcare packaging market during the forecast period of 2019-2027. The global healthcare packaging market is estimated to achieve a valuation of $137 bn by the end of 2027. These statistics are attributed to the strong demand for packaging across the healthcare sector.
Healthcare Packaging Market: Analysts Opinion
TMR analysts opine that the boost of medical supply sales is likely to sow the seeds of growth for the healthcare packaging market. Furthermore, the analysts stated that plastic will continue to dominate as the preferred packaging material. TMR analysts also advised the manufacturers for segregation of investments toward sustainable materials to create a balance between profiteering and the growing environmental concerns.
The analysts also highlighted the role of e-commerce segment for increased packaging demand, Robust packaging material will be the need of the hour for e-commerce operations, thus bringing good growth statistics for the healthcare packaging market.
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=63018
Healthcare Packaging Market: Facts and Figures
- Among the end-use segments, pharmaceutical and biological packaging and medical equipment packaging may hold approximately half of the market share
- E-commerce segment may gain considerable traction across the forecast period
- North America brings about 90% of the revenue for the healthcare packaging market
- Europe may also bring significant growth opportunities for the healthcare packaging market
- Asia Pacific may record rapid growth due to the growing investments in the healthcare sector
Explore 233 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Healthcare Packaging Market (Packaging Format: Flexible Packaging (Bags & Pouches, Envelopes, Tubes, Sachets), Rigid Packaging (Trays, Boxes & Folding Cartons, Clamshells, Blisters, Bottles & Jars, Containers, Aerosol Cans, Ampoules & Vials); Material: Plastic (Polyethylene, Polypropylene (PP), Polyethylene Terephthalate (PET), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyamide/EVOH, Polyurethanes (PUR), Other Plastics), Metal (Aluminum, Tin), Glass, Paper & Paperboard; End Use: Pharmaceuticals & Biological, Medical Supplies (Gloves, Scissors, Syringes and Needles, Surgical Tapes, Others), Medical Equipment (Surgical, Therapeutic, Diagnostic)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/healthcare-packaging-market.html
Healthcare Packaging Market: Major Growth-Inducing Factors
The inclining of the healthcare sector toward safe and reliable packaging for every product in bulk quantities is bringing great growth opportunities for the healthcare packaging market.
- Customized packaging is gaining considerable momentum across the healthcare sector; due to the vast availability of different types of plastics, customization of plastic material is possible for every material
- Eco-friendly packaging alternatives may turn the tables of growth for the healthcare packaging market in the foreseeable future
- Technological advancements like 3D printing and upsurge in investments may bring substantial growth for the healthcare packaging market
- Child-resistant and senior-friendly packaging may harness considerable growth for the healthcare packaging market
Analyze Global Blood Collection Tubes Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Healthcare Packaging Market: Competitive Landscape
The healthcare packaging market is highly fragmented with leading players acquiring approximately 10% of the market share. The key players hold their influence across the market space through frequent mergers and acquisitions. Research and development activities are also carried out on a large scale for providing high-quality packaging to the end-users at cost-effective prices. The manufacturers are also focusing on shifting toward paper and paperboard packaging to tackle environmental concerns.
Joint ventures, collaborations, and partnerships assist greatly in the growth of the healthcare packaging market. Some of the key participants across the healthcare packaging market are Klöckner Pentaplast Europe GmbH & Co. KG, WestRock Company, Constantia Flexibles Group GmbH, Amcor Limited, Bemis Company, Inc., Sonoco Products Company, and Mondi Group.
Request the Coronavirus Impact Analysis across Healthcare Packaging Market
Global Healthcare Packaging Market: Classification
Packaging Format
- Flexible Packaging
- Rigid Packaging
Material
- Plastic Polyethylene
- Metal
- Glass
- Paper & Paperboard
End Use
- Pharmaceuticals & Biological
- Medical Supplies
- Medical Equipment
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Blog: https://tmrblog.com/