Healthcare Packaging Market

Market Overview:

The global healthcare packaging market size reached US$ 136.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 202.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

Healthcare packaging aids in protecting healthcare products from chemical deterioration by preventing exposure to oxygen, moisture, light and temperature fluctuations. It adheres to medical guidelines and standards and safeguards the integrity of these products to cater to their unique specifications and sterilization requirements. It provides visual information about the packaged products and ensures that they remain stable throughout their shelf life. This, in turn, is positively influencing the requirement for healthcare packaging around the world. 

Leading players are focusing on sustainable practices and seeking to improve the recyclability of products and packaging. This, in confluence with the thriving packaging sector, represents one of the key factors propelling the growth of the market. Moreover, there is a widespread prevalence of lifestyle diseases, such as diabetes, obesity, metabolic syndrome, cardiovascular diseases (CVD), chronic obstructive pulmonary diseases (COPD), and various types of cancer due to unhealthy diets, physical inactivity, and excessive tobacco consumption among individuals. This, coupled with the rising geriatric population, is facilitating the growth of the market. Apart from this, efficient packaging of medical devices is critical in maintaining sterility and reducing contamination, which may otherwise be harmful to the patients. It also protects medical devices from physical damage and sustains their functionality. Other factors, including increasing healthcare spending and significant growth in the pharmaceutical sector, are projected to create a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, material, packaging, drug delivery mode and application.

Pharmaceutical Packaging:

Breakup by Product:

• Plastic Bottles
• Caps and Closures
• Blister Packs
• Pre-Fillable Syringes
• Parenteral Containers
• Pre-Fillable Inhalers
• Pouches
• Medication Tubes
• Others
   

Breakup by Material:

• Plastics and Polymers
• Paper and Paperboard
• Glass
• Aluminum Foil
• Others
   

Breakup by Packaging:

• Primary Packaging
• Secondary Packaging
   

Breakup by Drug Delivery Mode:

• Oral
• Injectable
• Dermal/Topical
• Inhalable
• Others
   

Medical Device Packaging:

Breakup by Product Type:

• Trays
• Pouches
• Clamshell Packs
• Others
   

Breakup by Material:

• Plastic
• Paper
• Aluminum
• Tyvek
• Others
   

Breakup by Application:

• Sterile Packaging
• Non-Sterile Packaging
   

Regional Insights:

• North America
• Europe
• Asia Pacific
• Middle East and Arica
• Latin America
   

At present, North America dominates the healthcare packaging market on account of the growing environmental concerns, which is catalyzing the demand for efficient and biodegradable healthcare packaging in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Report Coverage: