Healthcare Packaging Market Review and Forecast to 2025; Gerresheimer AG, Dow Inc., Amcor Limited, BASF SE

MarketInsightsReports has published a report titled global Healthcare Packaging Market research report 2020 that is a detailed observation of several aspects, including the rate of growth, technological advances and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The global Healthcare Packaging Market was valued at USD 117.36 billion in 2019, recording a CAGR of 6.35% over the forecast period 2020 to 2025.

Top Companies in the Global Healthcare Packaging Market are
WestRock Company, Sonoco Products Company, Avery Dennison Corporation, Gerresheimer AG, Dow Inc., Amcor Limited, BASF SE, Industrial Development Company (INDEVCO) SAL, West Pharmaceuticals Services Inc., Becton, Dickinson & Co., Owens-Illinois Inc. and Others.

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Increasing geriatric population, as a result of increased life expectancy rates globally, is creating a scope for medical device manufacturers and pharmaceuticals. The advent of novel products, owing to advancements in the fields of biopharmaceutical and biology, supported by the requirements for better compliance, is expected to drive the growth of the market further.
Governments across regions, globally, are making affordable healthcare mandatory, considering the need for healthcare access across all age groups, especially the aging population. For instance, the Affordable Care Act in the United States has allowed for almost 30 million more US citizens to obtain insurance.
Of the global paper usage, the majority of the paper (approximately 51%, according to the Indian Paper Manufacturer Association, IPMA) is used for packaging purposes across several end users, including the healthcare packaging industry (for primary and secondary types of packaging). The regulations intended to reduce the usage of wood pulp in paper and cardboard manufacturing are also in place, considering environmental sustainability.

Scope of the Report
The healthcare industry has evolved from its erstwhile traditional form of practices to the current position. High-tech equipment and instruments are being deployed to improve efficiency, in addition to the increasing demand for sustainable packaging and processing operations. Increasing awareness regarding environmental issues and government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical device and pharmaceutical vendors are providing scope for expansion to the healthcare packaging market.

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Key Market Trends

Blister Packages are Expected to have the Highest Growth
Blister packages are one of the most popular and convenient dosing formats. The major companies that operate in the healthcare packaging industry provide non-PVC barrier blister packaging. This assists medical and pharmaceutical companies to meet sustainability objectives and shelf-life requirements, besides providing an economical alternative, in comparison to traditional market offerings.
Blister packs are used for medical instruments or devices, such as catheters and injection syringes. However, applications of blister packs in medical device packaging are lesser than their applications in pharmaceutical product packaging.
Blister packaging provides seal integrity and a high degree of the microbial barrier, to help keep the contents of the package sterilized, until use. Tyvek forms a strong seal bond with the thermoformed film, thus reducing the risk of contamination and package compromise, in case of impact to the lidding during shipping or storage.
Blister packaging has gained popularity to protect medication from moisture. Aligning to these trends, companies, like Burgopak and Ecobliss, have developed ingenious blister packaging that is child-proof. The rising compliances by the FDA, such as the CPG Sec. 450.500 (which requires providing visible evidence to consumers that tampering has occurred) have been driving the need for tamper-evident packaging. This has enabled security throughout the product's lifecycle, including after purchase by a consumer. Blister packaging is the most used form of TEP, and has thus found an increased demand across the healthcare industry.

News Updates
- Nov 2018, WestRock Company announced that it has completed the acquisition of KapStone Paper and Packaging Corporation. The company expects to achieve approximately USD 200 million in synergies and performance improvements by the end of fiscal 2021. The acquisition also strengthened WestRock's presence on the West Coast of the United States and broadened WestRock's portfolio of differentiated paper and packaging solutions with the addition of attractive paper grades and distribution capabilities.
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- June 7, 2018, Healthcare-packaging customers benefit from Amcor's continued investment in new technologies
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Regions covered By Healthcare Packaging Market Report 2020 To 2025 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other).

Objectives of the Healthcare Packaging market report is
- Comprehensive evaluation of all opportunities and risks in the market.
- Healthcare Packaging market current developments and significant occasions.
- Deep study of business techniques for development of the market-driving players.
- Conclusive study about the improvement plot of market for approaching years.
- Top to bottom approach of market-express drivers, targets and major littler scale markets.
- Favorable impression inside imperative mechanical and publicize latest examples striking the market.

References and Sources
https://www.news-medical.net/news/20200226/New-compound-could-improve-the-success-rate-of-photodynamic-therapy.aspx
https://www.amcor.com/media/news/healthcare-packaging-customers-benefit-from-amcor's-continued-investment

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Global Pharmaceutical Blister Packaging Market https://www.marketinsightsreports.com/reports/04292010807/global-pharmaceutical-blister-packaging-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026-based-on-2020-covid-19-worldwide-spread?source=OpenPRR&mode=72
Global Pharmaceutical Packaging Market
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