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Thriving Pharmaceutical Business Propels Growth In The Healthcare Packaging Market: Transformative Forces Shaping the Healthcare Packaging Market Landscape in 2025
Healthcare Packaging
What Will the Healthcare Packaging Industry Market Size Be by 2025?
In recent years, the healthcare packaging market has experienced significant growth. With a compound annual growth rate (CAGR) of 6.4%, the market's value will increase from $118.99 billion in 2024 to $126.65 billion in 2025. The expansion during the historic period is due to factors such as customer expectations, environmental consciousness, designs focused on patients, concerns about drug safety, and regulatory modifications.
What's the Long-Term Growth Forecast for the Healthcare Packaging Market Size Through 2029?
The market size of healthcare packaging is projected to experience significant expansion in the forthcoming years, escalating to $171.68 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.9%. This growth during the forecast period can be credited to factors such as increased demand in pharmaceuticals, advancements in serialization and traceability, demographic shifts towards an aging population, customization, personalization, and the rise of telemedicine and remote healthcare. Key trends anticipated during this forecast period incorporate sustainable packaging, intelligent packing solutions, child-safe packaging, personalized packaging, and packages with antimicrobial properties.
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What Are the Key Growth Drivers Fueling the Healthcare Packaging Market Expansion?
The advancement of the pharmaceutical industry is projected to fuel the healthcare packaging sector's expansion in the future. The preservation and effective transportation of pharmaceutical goods necessitate healthcare packaging, offering protection from external elements that could jeopardize their quality. The pharmaceutical industry's growth and innovation, including the development of new drugs, result in an increased demand for specialized and advanced healthcare packaging solutions. This demand stimulates market growth in the healthcare packaging sector by providing packaging manufacturers with new opportunities to design innovative solutions that meet the ever-changing requirements of the pharmaceutical sector. For example, in May 2024, the GOV.UK reported that businesses within the UK life sciences sector produced a turnover of £108.1 billion in 2021/22, a 13% rise from the preceding year's turnover of £95.9 billion (at 2021/22 prices). As such, the emerging markets' pharmaceutical business growth is propelling the future expansion of the healthcare packaging market.
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What Are the Key Trends Driving Healthcare Packaging Market Growth?
Firms involved in the healthcare packaging industry are aiming to innovate with new solutions, including thermoforming film for medical packing, as they strive to cater to the rising demand for secure and efficient packaging solutions. The thermoforming film for medical packaging involves a specific plastic film utilized in the thermoforming procedure, wherein the film is warmed and shaped to produce customized packaging forms. For example, the company Coveris., based in Vienna, has plans to launch a fresh recyclable thermoforming film, Formpeel P, for medical packaging in November 2023, slated for demonstration at the COMPAMED 2023 exhibition in Düsseldorf. The novel film, designed with a focus on easy recyclability, is constructed from a peelable polyethylene or polyolefin base, ensuring high resilience and protection against punctures. The film remains functional and safe following various sterilization procedures, providing a performance equivalent to conventional materials.
How Is the Healthcare Packaging Market Segmented?
The healthcare packaging market covered in this report is segmented -
1) By Product: Bottles And Containers, Vials And Ampoules, Cartridges And Syringes, Pouches And Bags, Blister Packs, Tubes, Paper Board Boxes, Caps And Closures, Labels, Other Products
2) By Packaging Format: Flexible Packaging, Rigid Packaging
3) By Material Type: Glass, Plastic, Metal, Paper And Paperboard
4) By Drug Delivery Mode: Oral, Injectable, Dermal And Topical, Inhalable, Other Drug Delivery Modes
5) By End-User: Pharmaceutical, Medical Devices
Subsegments:
1) By Bottles And Containers: Plastic Bottles, Glass Bottles, Specialty Containers
2) By Vials And Ampoules: Single-Dose Vials, Multi-Dose Vials, Glass And Plastic Ampoules
3) By Cartridges And Syringes: Pre-Filled Syringes, Cartridge Systems, Safety Syringes
4) By Pouches And Bags: Resealable Pouches, Stand-Up Bags, Sterilization Pouches
5) By Blister Packs: Thermoformed Blister Packs, Cold Form Blister Packs
6) By Tubes: Plastic Tubes, Aluminum Tubes, Laminated Tubes
7) By Paper Board Boxes: Folding Cartons, Rigid Boxes, Labels and Inserts
8) By Caps And Closures: Screw Caps, Dropper Caps, Child-Resistant Closures
9) By Labels: Pressure-Sensitive Labels, Adhesive Labels, RFID Labels
10) By Other Products: Tamper-Evident Seals, Packaging Inserts, Dispensing Systems
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Which Companies Are Leading the Charge in Healthcare Packaging Market Innovation?
Major companies operating in the healthcare packaging market include Gerresheimer AG, Winpak Ltd., Amcor plc, Sonoco Products Company, Huhtamaki Oyj, CCL Industries Inc., Sealed Air Corporation, Berry Global Inc., Dunmore Corporation, Nipro Corporation, Schott AG, Shandong Medicinal Glass Co. Ltd., Arab Pharmaceutical Glass Company, Mondi Group, Ball Corporation, Honeywell International Inc., Klockner Pentaplast Europe GmbH & Co. KG, Corning Incorporated, SGD SA, Stölzle-Oberglas GmbH, AptarGroup Inc., West Pharmaceutical Services Inc., Constantia Flexibles Group, TekniPlex India Ltd., Comar LLC, Beacon Converters Inc., Origin Pharma Packaging Ltd.
Which Regions Are Leading the Global Healthcare Packaging Market in Revenue?
North America was the largest region in the healthcare packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the healthcare packaging market report during the forecast period. The regions covered in the healthcare packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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