The global plastic healthcare packaging market size was valued at $28.6 billion in 2022, and is projected to reach $48.0 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032. Healthcare packaging is a packaging process for medical devices and pharmaceutical products. Plastic healthcare packaging materials are used for the packaging of various healthcare products such as pharmaceuticals products, and medical devices. These packaging products provide protection, preservation, and convenience for healthcare products during storage, transportation, and usages. These products are made from various types of plastic materials such as polyethylene, polypropylene, polyvinyl chloride (PVC), polycarbonate, and polyethylene terephthalate (PET).
The plastic healthcare packaging market growth is driven by rise in demand for plastic packaging in healthcare industry, Increase in demand for pharmaceuticals products, and advancement in plastic packaging technology. Plastic packaging is widely used in the healthcare industry due to its versatility, durability, ease of use, and cost-effectiveness. Furthermore, Increase in demand for pharmaceuticals products during the COVID-19 pandemic has led to surge in demand for drugs and medical devices, vaccines, test kits, and personal protective equipment (PPE), which propelled the growth of plastic healthcare packaging market. For instance, Pfizer-BioNTech COVID-19 vaccine is packaged in a specialized thermal shipper, which uses a combination of dry ice and gel packs to maintain the required temperature during transport and storage. The shipper is made of high-density polyethylene (HDPE), which is a type of plastic that is commonly used in healthcare packaging due to its durability and resistance to temperature extremes.
Furthermore, development of environmentally friendly packaging products propels the market growth. For instance, in October 2021, Astellas Pharma Inc., one of the global leader in pharmaceutical industry, launched blister packs made from sugarcane-derived plastic for its pharmaceutical products in Japan. The blister pack is made with polyethylene derived from sugarcane, with 50% of its raw material. In addition, in September 2021, UFlex, an India’s flexible packaging company, developed a new range of recyclable pouches in collaboration with Hoffer, a packaging company based in Israel, and Mespack. This new pouch is made from a blend of polyethylene and polypropylene, which is recyclable.
In addition, advancements in plastic packaging technology to improve product protection, shelf life, and convenience of products further boost the market growth. For instance, tamper-evident packaging, child-resistant packaging, barrier packaging, and unit-dose packaging provide high level protection to the product. Furthermore, development of new biodegradable and compostable plastics and surge in demand for specialty drugs and biologics, which are highly expensive and require specialized packaging to ensure their safety and efficacy contribute toward the market growth. Increase in demand for sustainable and eco-friendly packaging solutions in the healthcare industry provides a significant opportunity for the market growth during the forecast period. Plastic healthcare packaging manufacturers are investing in R&D to create innovative and eco-friendly packaging solutions. Furthermore, various companies are engaged in developing packaging materials that are easily recyclable within existing recycling systems. For instance, Amcor, a global packaging solutions company, introduced Eco-Tite R packaging, which is designed to be fully recyclable
However, high accumulation of plastic waste in landfills and oceans due to single-use non-biodegradable and recyclable plastic negatively impacts the market growth. In addition, implementation of stringent government regulations and standards for packaging hinders the growth of the market. On the contrary, Increase in development of smart packaging for patient engagement and identification and rise in adoption of biologics, which require specialized packaging solutions to maintain their efficacy and ensure patient safety are expected to create immense opportunities for the growth of plastic healthcare packaging market during the forecast period.
The global plastic healthcare packaging market is segmented into product type, material, industry, and region. On the basis of product type, the market is classified into bottles packaging, vials, pouches, and others (container, jar, cap & closure, bristle packaging, and tubes). As per material, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, and others (polyvinyl chloride (PVC), polyolefin, and polyester). Depending on industry, it is bifurcated into pharmaceutical packaging and medical device packing.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global plastic healthcare packaging market are Amcor Plc, Beacon Converters, Inc, Origin Pharma Packaging, Gerresheimer AG, Constantia Flexibles Group, Nipro Europe Group Companies, TekniPlex, Comar, LLC., Mondi, and Klockner Pentaplast.
The plastic healthcare packaging market growth is driven by rise in demand for plastic packaging in healthcare industry, Increase in demand for pharmaceuticals products, and advancement in plastic packaging technology. Plastic packaging is widely used in the healthcare industry due to its versatility, durability, ease of use, and cost-effectiveness. Furthermore, Increase in demand for pharmaceuticals products during the COVID-19 pandemic has led to surge in demand for drugs and medical devices, vaccines, test kits, and personal protective equipment (PPE), which propelled the growth of plastic healthcare packaging market. For instance, Pfizer-BioNTech COVID-19 vaccine is packaged in a specialized thermal shipper, which uses a combination of dry ice and gel packs to maintain the required temperature during transport and storage. The shipper is made of high-density polyethylene (HDPE), which is a type of plastic that is commonly used in healthcare packaging due to its durability and resistance to temperature extremes.
Furthermore, development of environmentally friendly packaging products propels the market growth. For instance, in October 2021, Astellas Pharma Inc., one of the global leader in pharmaceutical industry, launched blister packs made from sugarcane-derived plastic for its pharmaceutical products in Japan. The blister pack is made with polyethylene derived from sugarcane, with 50% of its raw material. In addition, in September 2021, UFlex, an India’s flexible packaging company, developed a new range of recyclable pouches in collaboration with Hoffer, a packaging company based in Israel, and Mespack. This new pouch is made from a blend of polyethylene and polypropylene, which is recyclable.
In addition, advancements in plastic packaging technology to improve product protection, shelf life, and convenience of products further boost the market growth. For instance, tamper-evident packaging, child-resistant packaging, barrier packaging, and unit-dose packaging provide high level protection to the product. Furthermore, development of new biodegradable and compostable plastics and surge in demand for specialty drugs and biologics, which are highly expensive and require specialized packaging to ensure their safety and efficacy contribute toward the market growth. Increase in demand for sustainable and eco-friendly packaging solutions in the healthcare industry provides a significant opportunity for the market growth during the forecast period. Plastic healthcare packaging manufacturers are investing in R&D to create innovative and eco-friendly packaging solutions. Furthermore, various companies are engaged in developing packaging materials that are easily recyclable within existing recycling systems. For instance, Amcor, a global packaging solutions company, introduced Eco-Tite R packaging, which is designed to be fully recyclable
However, high accumulation of plastic waste in landfills and oceans due to single-use non-biodegradable and recyclable plastic negatively impacts the market growth. In addition, implementation of stringent government regulations and standards for packaging hinders the growth of the market. On the contrary, Increase in development of smart packaging for patient engagement and identification and rise in adoption of biologics, which require specialized packaging solutions to maintain their efficacy and ensure patient safety are expected to create immense opportunities for the growth of plastic healthcare packaging market during the forecast period.
The global plastic healthcare packaging market is segmented into product type, material, industry, and region. On the basis of product type, the market is classified into bottles packaging, vials, pouches, and others (container, jar, cap & closure, bristle packaging, and tubes). As per material, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, and others (polyvinyl chloride (PVC), polyolefin, and polyester). Depending on industry, it is bifurcated into pharmaceutical packaging and medical device packing.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global plastic healthcare packaging market are Amcor Plc, Beacon Converters, Inc, Origin Pharma Packaging, Gerresheimer AG, Constantia Flexibles Group, Nipro Europe Group Companies, TekniPlex, Comar, LLC., Mondi, and Klockner Pentaplast.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic healthcare packaging market analysis from 2022 to 2032 to identify the prevailing plastic healthcare packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the plastic healthcare packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global plastic healthcare packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Industry
- Pharmaceutical Packaging
- Medical Device Packing
By Product Type
- Vials
- Pouches
- Others
- Bottles Packaging
By Material
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Beacon Converters, Inc.
- Constantia Flexibles Group
- Mondi
- Comar, LLC.
- Gerresheimer AG
- TekniPlex Inc.
- Klockner Pentaplast
- Amcor Plc
- Origin Pharma Packaging
- Nipro Europe Group Companies
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PLASTIC HEALTHCARE PACKAGING MARKET, BY PRODUCT TYPE
CHAPTER 5: PLASTIC HEALTHCARE PACKAGING MARKET, BY MATERIAL
CHAPTER 6: PLASTIC HEALTHCARE PACKAGING MARKET, BY INDUSTRY
CHAPTER 7: PLASTIC HEALTHCARE PACKAGING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Plastic Healthcare Packaging Market,' The plastic healthcare packaging market was valued at $28.6 billion in 2022, and is estimated to reach $48.0 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032. Healthcare packaging is a process of packaging medical devices and pharmaceutical products. It involves the use of plastic materials specifically designed for the packaging of healthcare products, such as pharmaceuticals and medical devices. Plastic healthcare packaging ensure the protection, preservation, and convenience of these products throughout their lifecycle, including storage, transportation, and usage. Plastic materials are commonly utilized in healthcare packaging due to their versatility, durability, and compatibility with various healthcare products. Some of the commonly used plastic materials in healthcare packaging include polyethylene, polypropylene, polyvinyl chloride (PVC), polycarbonate, and polyethylene terephthalate (PET). These materials have various properties such as chemical resistance, moisture barrier, and physical strength, which helps to maintain the quality and integrity of healthcare products. Plastic packaging is available in a wide range of forms, such as bags, pouches, tubes, containers, and bottles.Key factors driving the growth of the plastic healthcare packaging market include increase in demand for innovative packaging solutions, rise in use of plastic packaging in pharmaceutical and medical device industries. The increase in demand for innovative packaging solutions due to rise in adoption of biodegradable and compostable materials in healthcare packaging. These materials are being used to reduce the environmental impact of packaging waste and address sustainability concerns. In addition, the development of smart packaging solutions that offer advanced functionalities also contribute towards the market growth. For instance, in 2020, Sharp Packaging and Schreiner MediPharm collaborated to create a smart packaging solution for a clinical trial. This innovative solution ensures that temperature-sensitive drugs remain at the appropriate temperature throughout the trial, enhancing drug efficacy and patient safety. Furthermore, surge in demand for biologics, which are complex therapeutic products derived from biological sources, has created a need for advanced, inert, and sustainable packaging solutions. Biologics require specialized packaging to maintain their efficacy and stability, and there is a growing demand for packaging materials that offer superior protection, durability, and compatibility with these sensitive products further boost the market growth.
In addition, surge in new product approvals is also contribute to market growth. For instance, Constantia Flexibles Group, a global packaging company received approval for its plastic film Perpetua Alta in October 2022. Perpetua Alta is designed to be recyclable which addresses environmental concerns. Furthermore, increase in use of plastic materials for pharmaceutical packaging is the key factor driving market growth. For instance, in March 2020, INEOS Group, a global producer of raw material, built a hand sanitizer plant near Middlesbrough, UK in just 10 days to produce 1 million bottles of hand sanitizer per month.
The COVID-19 pandemic had a significant impact on the demand for plastic healthcare packaging, owing to increase in need for safe and hygienic packaging for medical equipment and supplies. During the pandemic the demand for plastic packaging products such as vials for vaccines, medical device packaging products, and other pharmaceuticals packaging products has significantly increased.
Moreover, growing demand for sustainable and eco-friendly packaging solutions in the healthcare industry is creating a significant opportunity for market growth. As the various companies are focusing on creating packaging materials that are easily recyclable within existing recycling systems and reduce plastic further boost the market growth.
The global plastic healthcare packaging market is segmented into product type, material, industry, and region. On the basis of product type, the market is classified into bottles packaging, vials, pouches, and others (container, jar, cap & closure, bristle packaging, and tubes). As per material, the market is segregated into polyethylene, polypropylene, polyethylene terephthalate, and others (polyvinyl chloride (PVC), polyolefin, and polyester). Depending on industry, it is bifurcated into pharmaceutical packaging and medical device packing. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the study include Amcor Plc, Beacon Converters, Inc, Origin Pharma Packaging, Gerresheimer AG, Constantia Flexibles Group, Nipro Europe Group Companies, TekniPlex, Comar, LLC., Mondi, and Klockner Pentaplast.
Key Market Insights
- By product type, the bottle packaging segment was the highest revenue contributor to the market in 2022 and is estimated to reach $20.9 billion by 2032.
- By material, the polyethylene segment dominated the global market and it is expected to register highest CAGR of 5.9% during the forecast period.
- By industry, the pharmaceutical packaging segment dominated the global market in 2022.
- Based on region, North America garnered the largest revenue share in 2022. However Asia-Pacific is anticipated to grow at the highest CAGR of 6.2% during the forecast period.
Companies Mentioned
- Beacon Converters, Inc.
- Constantia Flexibles Group
- Mondi
- Comar, LLC.
- Gerresheimer AG
- TekniPlex Inc.
- Klockner Pentaplast
- Amcor Plc
- Origin Pharma Packaging
- Nipro Europe Group Companies
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 251 |
| Published | May 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 28.6 billion |
| Forecasted Market Value ( USD | $ 48 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
