Healthcare Packaging Industry Key Vendors Analysis, Future Growth and Detailed Insights on Upcoming Trends 2020

In this market research report, analysts have estimated the global healthcare packaging market to grow at a CAGR of over 6% by 2020. Much of this market’s growth can be attributed to the recent increase in the usage of disposable medical products. A large number of the medical products used in modern healthcare facilities, such as scalpels, thermometers, syringes, needles, pre-filled syringes, and trays, are available as disposable products. Since these products offer benefits such as reduction in risk of cross-contamination, safety, sterility, and convenience of usage, the demand for plastic and paper as packaging materials has increased. Single-use disposable medical products eliminate the need for re-sterilization for repeated use and are highly cost-effective.

During 2015, North America was the largest market for healthcare packaging and is anticipated to retain its dominant market position by the end of 2020. In this region, the US will be the primary revenue-generating region during the forecast period as the demand for innovative forms of packaging in the US is propelled by stringent regulations by watchdog agencies like the FDA. It has also been observed by the analysts that the overall growth of the market in the US will be hindered by the rising demand in emerging countries that import large volumes of pharmaceutical products.

Get Request Sample Copy is Available at: http://www.reportsweb.com/inquiry&RW0001427432/sample

Competitive landscape and key vendors

The global healthcare packaging market is fragmented owing to the presence of several multinational, regional, and local vendors. The local players have raised the bar for competition by offering innovative solutions at lower prices than their counterparts, thus, leading to price wars. The smaller and local vendors compete in terms of cost as it is difficult for them to compete with international vendors in terms of product quality, features, and range of offerings.

Key vendors in this market are -

Amcor

Baxter

BD

Bemis

Gerresheimer

Schott

Other prominent vendors in this market are Alexander, American Health Packaging, AptarGroup, Barger Packaging, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Steripack, Vitro, and Winpak.

For Inquire before Buying at: http://www.reportsweb.com/inquiry&RW0001427432/buying

Product segmentation and analysis of the Healthcare Packaging market

Plastic bottles

Caps & closures

Blister packs

Pouches

Trays

Pre-fillable syringes

Parenteral containers

Clamshells

Pre-fillable inhalers

Medication tubes

According to Technavio’s market research analyst, the plastic bottles segment was the largest product segment during 2015. Plastic bottles are the most commonly used product for the packaging of pharmaceutical drugs, even though their rate of usage is predicted to grow at the slowest pace during the forecast period. Bottles will remain the most broadly utilized packaging type for oral medications, which are distributed in bulk quantities to retail pharmacists.

Segmentation by packaging type and analysis of the healthcare packaging market

Primary packaging

Secondary packaging

ROW

Get Complete Report is Available at: http://www.reportsweb.com/global-healthcare-packaging-market-2016-2020

Contact Us:

Phone: +1-646-491-9876
Email Id: sales@reportsweb.com

About Us:

ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

505, 6th floor, Amanora Township, Amanora Chambers, East Block, Kharadi Road, Hadapsar, Pune-411028

This release was published on openPR.