Press release
China Medical Plastic Packaging Market 2022 Industry Outlook, Present Scenario, Share, Size, Opportunities and Forecast To 2027 | Amcor Plc, FLEX Ltd., EVCO Plastics
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The China Medical Plastic Packaging Market size was US$ 4,317.8 million in 2021 and is forecast to reach US$ 6,777.8 million by 2027, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2022 to 2027.
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Regional Analysis:
According to the United States, Bureau of Labor Statistics, healthcare employment is likely to grow 16% from 2020 to 2030, much faster than the average for all occupations, with about 2.6 million new jobs. This projected increase is primarily due to an aging population, which indicates a higher demand for healthcare services. In May 2021, the median annual wage for healthcare practitioners and technical sectors (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the economy's median annual wage of US$ 45,760.
COVID-19 Impact:
Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.
As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.'
Major Key Players in China Medical Plastic Packaging Market are:
Amcor Plc
FLEX Ltd.
EVCO Plastics
Gerresheimer AG
Hebei Xinfuda Plastic Products Co. Ltd.
Linuo Group
Sanner GMBH
Shandong Pharmaceutical Glass Co. Ltd.
Sichuan Kelun Pharmaceutical Co Ltd.
Tongyu Pharmaceutical Packaging Co Ltd
Hangzhou Plastics Industry Co. Ltd.
Hebei First Rubber Medical Technology Co. Ltd
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the China Medical Plastic Packaging Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Plastic Type
PET
PP
LDPE
HDPE
Others
By Packaging Type
Primary
Vials
Ampoules
Blisters
Caps & Closures
Syringe
Sachet
Bottles
Others
Secondary
Cartons
Boxes
Injection Trays
Tertiary
By Drug Type
Oral Drugs
Injectables
Topical
Ocular/ Ophthalmic
Nasal
Sublingual
Pulmonary
Transdermal
IV Drugs
Devices
Others
By End User
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
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Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
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