Healthcare Packaging Market Is Likely to Experience a Tremendous Growth by 2029

The global healthcare packaging market is anticipated to grow at a CAGR of 6.4% during the forecast period. The importance of the sterile environment alongside appropriate design, supervision, and control of manufacturing processes is very critical in the healthcare packaging. This aids in preventing particle contamination that otherwise can alter the safety concerns and integrity of finished pharmaceutical products. Hence, the increasing costs and demands of healthcare products with clean, safe, and efficient packaging across the globe is significantly driving the growth of the healthcare packaging market.

Alongside, the latest technological innovations in the healthcare packaging industry are maintaining the competitive environment among industry players. The market players are shifting their focus toward sustainable packaging. Such efforts by the medical devices and pharmaceutical companies are providing scope for the market growth during the forecast period. For instance, in August 2020, Parkside Flexibles Ltd. collaborated with TouchguardTM to launch a new packaging solution incorporating an antibacterial coating. The new development enables brands to protect consumers against potentially harmful bacteria.

Moreover, the increasing trend of using services from pharmaceutical contract packers that provides customized packaging solutions to the manufacturing company further drives the market growth. These contract manufacturing companies assist the drug pharmaceutical companies starting from the earliest stages of clinical development through to commercialization till ongoing commercial supply. This is also expected to significantly impact the growth of the healthcare packaging market. However, the pricing variation among the services provided by the companies is anticipated to challenge market growth during the forecast period.

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Healthcare Packaging Market Segmentation

By End-Use Vertical

· Pharmaceutical

· Primary Packaging (Bottles, Blister Packaging, and Others)

· Secondary Packaging (Closures, Containers, and Others)

· Medical Devices

· Bags & Pouches

· Trays

· Boxes

· Others

By Material Type

· Plastics &Polymer

· Paper & Paperboard

· Others (Glass and Metals)

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· 3M Co.

· Amcor Plc

· AptarGroup, Inc.

· Avery Dennison Corp.

· Ayka Healthcare Inc.

· Berry Global Inc.

· CCL Industries Corp.

· Constantia Flexibles Group GmbH

· Corning Inc.

· DuPont de Nemours, Inc.

· Gerresheimer AG

· Hamer Packaging Technology, S.L.

· KP Holding GmbH & Co.

· Nelipak Corp

· Nipro Europe Group Companies

· Oliver Products Co.

· Schott AG

· SGD S.A.

· Sonoco Products Co.

· Technipaq Inc.

· Tekni-Plex, Inc.

· WestRock Co.

· Winpak Ltd.

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