Healthcare packaging has multiple functions, but the most important is to secure a packaged medical device or pharmaceutical product. The packaging of pharmaceutical products is a dynamic method that requires special care and attention, with different products having different criteria for packaging. The safety of drugs is the most crucial element to be recognized in all packaging modes. Packaging materials are selected according to the requirement of the medicines or products so that the products reach the customers in a suitable condition. Healthcare packaging is often used to store products and equipment and process for more extended periods for refrigeration while also maintaining chemical properties.
MARKET SCOPE
The "Global Healthcare Packaging Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Healthcare packaging market with detailed market segmentation by product, material, packaging, end use, and geography. The report provides key statistics on the market status of the leading Healthcare packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global Healthcare packaging market is segmented into bottles and containers, vials and ampoules, others.
- On the basis of material, the market is segmented into glass, plastic, others.
- On the basis of packaging, the market is segmented into primary, secondary, others.
- On the basis of end use, the market is segmented into pharmaceutical, medical devices, others.
MARKET DYNAMICS
Drivers:
- Rise in the focus on convenience and environmental issues.
- Rise in the medicine counterfeiting which is resulting into advanced packaging and labelling.
Restraints:
- The environmental concern regarding raw materials for packaging is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Healthcare packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Healthcare packaging market in these regions.
IMPACT OF COVID-19ON HEALTHCARE PACKAGING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Healthcare packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Healthcare packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for Healthcare packaging in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Healthcare packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amcor plc
- Gerresheimer AG.
- DS Smith Plc
- Huhtam?ki Oyj
- Berry Global, Inc.
- Sonoco Products Company
- Sealed Air Corporation
- Constantia Flexibles Group GmbH
- Winpak Ltd.
- CCL Industries Inc.