Increase in use of plastic healthcare packaging products due to rise in demand for pharmaceuticals and medical devices, rise in technological advancements, and the increase in use of advanced plastic healthcare packaging products drive the growth of the global plastic healthcare packaging market.
Portland, OR, June 26, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report,
titled, “Plastic Healthcare Packaging Market, By Product Type (Bottles
Packaging, Vials, Pouches, and Others), By Material (Polyethylene, Polypropylene, Polyethylene
Terephthalate, and Others), By Industry (Pharmaceutical Packaging, and Medical Device
Packing): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the
report, the global plastic healthcare packaging industry was estimated at $28.6 billion in 2022, and
is anticipated to hit $48.0 billion by 2032, registering a CAGR of 5.3% from 2023 to 2033.
Prime determinants of growth
Rise in demand for plastic packaging in the healthcare industry, technological advancement in
plastic packaging technology, and surge in adoption of advanced packaging drive the growth of
the global plastic healthcare packaging market. However, stringent government and regulatory
regulations and environment concerns about deposition of plastic waste are hampering the plastic
healthcare packaging market growth. On the contrary, technological advancement in plastic
healthcare packaging such as sustainable and eco-friendly packaging solutions are expected to
offer remunerative opportunities for expansion of the plastic healthcare packaging market during
the forecast period.
Report coverage & details:
| Report Coverage Details |
| Forecast Period 2023–2032 |
| Base Year 2022 |
| Market Size in 2022 $28.6 billion |
| Market Size in 2032 $48.0 billion |
| CAGR 5.3% |
| No. of Pages in |
| Report |
| 251 |
| Segments covered Product Type, Material Type, Industry, and Region. |
| Drivers |
| Increase in demand for innovative plastic packaging solutions |
| Surge in product approval and acquisition to support new demands |
| Opportunity |
| Increase in demand for sustainable and eco-friendly packaging |
| solutions |
| Restraint Rise in environmental concerns regarding plastic waste |
Covid-19 Scenario
- Due to the COVID-19 pandemic and the subsequent global lockdowns, the plastic healthcare
packaging market was signicantly boosted. - Furthermore, the demand for plastic healthcare packaging increased post-pandemic too, due
to the rise in demand for pharmaceuticals and the increase in the development of more
sustainable packaging solutions. This, in turn. presented various growth opportunities for
companies operating in the plastic healthcare packaging market.
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The bottles packaging segment to maintain its leadership status throughout the forecast period
Based on product type, the Bottles Packaging segment held the highest market share in 2022, accounting for around two-fths of the global plastic healthcare packaging market revenue, and it is projected to manifest the highest CAGR of 6.1% from 2023 to 2032, owing to increase in demand for bottle packaging from the pharmaceutical industry.
The polyethylene segment to maintain its leadership status throughout the forecast period
Based on material type, the Polyethylene segment held the highest market share in 2022, accounting for around one-third of the global plastic healthcare packaging market revenue, and it is projected to manifest the highest CAGR of 5.9% from 2023 to 2032. This is attributed to the increase in use of polyethylene in manufacturing of pharmaceutical packaging products. In addition, polyethylene is recyclable, versatile, and widely used in plastic packaging.The pharmaceutical packaging segment to maintain its lead position during the forecast period
Based on industry, the Pharmaceutical Packaging segment accounted for the largest share in 2022, contributing to more than four-fths of the global plastic healthcare packaging market revenue and it is projected to maintain the highest CAGR of 5.4% during the forecast period, owing to a rise in use of plastic healthcare packaging products such as bottle and pouches for packaging of pharmaceuticals products and surge in demand for pharmaceuticals.TFor Purchase Inquiry
https://www.alliedmarketresearch.com/purchase-enquiry/155North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022,
accounting for nearly two-fths of the global plastic healthcare packaging market revenue, owing
to the rise in adoption of advanced packaging solutions, strong presence of market key players, and
technological advancement in the healthcare technology. However, the Asia-Pacic region is
expected to witness the fastest CAGR of 6.2% from 2023 to 2032, and is likely to dominate the
market during the forecast period, owing to the development of the pharmaceutical industry and
the adoption of new packaging products in this region.
Leading Market Players: –
- Amcor Plc
- Beacon Converters, Inc.
- Origin Pharma Packaging
- Gerresheimer Ag
- Constantia Flexibles Group
- Nipro Europe Group Companies
- Tekniplex Inc
- Comar, Llc
- Mondi
- Klockner Pentaplast
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