openPR Logo
Press release

Ongoing COVID-19 Crisis to Drive Healthcare Packaging Market to Serve High Volumes of Medical Supplies, Market Valuation to Reach US$ 155 Bn by 2029 - TMR Insights

02-17-2022 05:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

The packaging of medical devices and pharmaceuticals has to meet strict regulations. Thus, healthcare packaging companies strive to adhere to all the guidelines, and offer unique and user-friendly packaging.

Meanwhile, amid the ongoing COVID-19 crisis, massive vaccination programs are triggering the demand to develop rapid-response packaging solutions. Manufacturers in the healthcare packaging market are working at break-neck speeds to amplify the production of tubs, trays, lids, and inserts that aid in the distribution of coronavirus testing and vaccine kits. The safe and fast transport of medical supplies without damage are also critical for healthcare packaging manufacturers.

Moreover, efforts to accelerate the manufacturing of COVID-19 vaccine vials is a key objective of manufacturers in the healthcare packaging market.

Furthermore, growth of the pharmaceutical industry and high demand for medical supplies and drugs are likely to create a positive impact on the healthcare packaging market, which is projected expand at a CAGR of 5.1% from 2021 -2029.

Download PDF Brochure for Detailed Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=63018

Healthcare Packaging Market - Key Findings of Report

Continued Packaging Innovations, R&D for Child-resistant Packaging to Spur Growth

Despite disruptions in several business aspects related to COVID-19, companies in the healthcare packaging market are striving for packaging innovations. The R&D activities for child-resistant and senior-friendly packaging solutions that are currently commonly not available is the prime focus of manufacturers to gain a competitive edge in the healthcare packaging market. The increased availability of on-the-go easy-to-use and anti-counterfeiting solutions to improve the functionality of packaging is also a key factor for product manufacturers.

In addition, companies in the healthcare packaging market are also engaged in customizable shapes and designs of thermoformed packaging, which is gaining acceptance as a cost-effective pharmaceutical packaging solution.

Ask for Special Discount on this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=63018

Improved Product Performance, Ability to Withstand Shock Focus of Product Manufacturers

The high demand for packaging of medical supplies and pharmaceutical products is one the key aspects supporting the growth of the healthcare packaging market. In order to strengthen the demand, protection of contents from shock, puncture, temperature fluctuations, and bursting is a key area of concern for the stakeholders in the healthcare packaging market. Such innovations in packaging will allow the products to withstand the impact of shipping, transportation, and handling during the entire dispatch cycle.

Furthermore, the increasing availability of packaging designs that enable better patient compliance for a line of treatment, and ultimately improving medical outcomes are significant growth indicators in the healthcare packaging market. Prior to this, to attain such goals, practices of intense regulatory scrutiny and material usage requirements that govern the healthcare packaging sector were established.

In addition, more convenient, easy to use disposable packaging solutions are being introduced in the healthcare packaging market. This has emphasized in the shift in focus on smart and sustainable packaging, which, in turn, minimizes waste and helps establish a circular economy.

Buy Research Report on Healthcare Packaging Market at https://www.transparencymarketresearch.com/checkout.php?rep_id=63018<ype=S

Emergence of Track & Trace Technology Enables Healthcare Institutions to Monitor Distribution Loopholes

Consistent technological advancements and innovations in packaging of biologics and diagnostic products in the healthcare sector are driving the need of reliable packaging solutions for these highly priced products. These packaging solutions involve novel materials, upgraded delivery mechanisms, and technology driven solutions.

Meanwhile, for administrators of healthcare institutions, secure end-to-end supply chains are imperative right from ordering to distribution and prescription management. Thus, technology-driven packaging solutions extend confidence to healthcare administrators against manufacturing and distribution risks. Such practices are favorable for the healthcare packaging market.

Healthcare Packaging Market - Growth Drivers

High susceptibility of geriatric population and individuals aged 65 years & above to medical conditions is fueling the growth of the healthcare packaging market
Consistent innovations coupled with adoption of technology for secure end-to-end supply chains expands growth avenues for the healthcare packaging market
Healthcare Packaging Market - Key Players

Some of the top players having presence in the healthcare packaging market are:

Honeywell International
Westrock Company
Berry Global Inc.
3M Company
Ball Corporation
Mondi Group
Global Healthcare Packaging Market Structure

Healthcare Packaging Market by Packaging Format

Flexible Packaging
Bags & Pouches
Envelopes
Tubes
Sachets
Rigid Packaging
Trays
Boxes & Folding Cartons
Clamshells
Blisters
Bottles & Jars
Containers
Aerosol Cans
Ampoules & Vials
Healthcare Packaging Market by Material Type

Plastic
Polyethylene
HDPE
LDPE
LLDPE
Polypropylene
PET
Polystyrene
Polyvinyl Chloride
Polyamide/EVOH
Polyurethanes
Other Plastics
Metal
Aluminum
Tin
Glass
Paper & Paper Board
Healthcare Packaging Market by End Use

Pharma & Biological
Medical Supply
Gloves
Scissors
Syringe & needles
Surgical Tapes
Others
Medical Equipment
Surgical
Therapeutic
Diagnostic
Healthcare Packaging Market by Region

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Browse through Transparency Market Research Coverage of the Global Packaging Industry for Current Trends and Shifts

Pharmaceutical Glass Ampoules Market - https://www.transparencymarketresearch.com/pharmaceutical-glass-ampoules-market.html
Nasal Spray Packaging Market - https://www.transparencymarketresearch.com/north-america-nasal-spray-packaging-market.html
Clinical Trial Packaging Market - https://www.transparencymarketresearch.com/clinical-trial-packaging-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com/
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/healthcare-packaging-market.htm

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ongoing COVID-19 Crisis to Drive Healthcare Packaging Market to Serve High Volumes of Medical Supplies, Market Valuation to Reach US$ 155 Bn by 2029 - TMR Insights here

News-ID: 2556316 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for Packaging

Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Download PDF Sample of this Report @ http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2 The following manufacturers are covered: Owens Illinois Salazar Packaging Design Packaging PrimeLine Packaging International Packaging Elegant Packaging Pak Factory ABOX Packaging ACG Ecopak CB Group SoOPAK Company Huhtamaki
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it. Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563 The E-Commerce
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database. This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth. The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury