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Medical Packaging Market - Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

  • ID: 5440731
  • Report
  • August 2021
  • Region: Global
  • 186 Pages
  • Fairfield Market Research
Medical Packaging Market is Expected to Reach US$113.68 BN by 2025, Registering a Healthy Growth of 7.4% Between 2021 and 2025

FEATURED COMPANIES

  • Amcor Plc
  • Ardagh Group S.A.
  • Berry Global Group, Inc
  • Catalent, Inc.
  • Gerresheimer AG
  • Mondi Group Plc
The latest report indicates that the global medical packaging market is slated to witness a rise in the coming years. As COVID-19 continues to create havoc in the pharmaceutical industry, it will generate a high demand for the superior quality of medical packaging. Players in the global medical packaging market are increasing focus on manufacturing lightweight, efficient, and exceptionally durable packaging materials. According to the research report, the global medical packaging market is expected to be worth US$113.68 Bn by 2025 from US$75.17 Bn in 2019. The market is expected to register a CAGR of 7.4% between the forecast years of 2021 and 2025.

Key Insights into Global Medical Packaging Market:

  • Vials and syringe packaging companies ramp up capacities to adapt to COVID-19 challenges
  • North America to represent an incremental opportunity of US$8.63 Bn by the end of 2025
  • Plastic is estimated to account for around 3/5th of the global medical packaging market with projections to create highest incremental opportunity by the end of 2025
  • In terms of volume, bottles are estimated to account for the largest market share of 34%, driven by economical price and wide usage

Medical packaging manufacturers are investing in research and development processes that can create sustainable solutions for the pharmaceutical industry.

Increased Consumption of Medicine Doses Show Golden Opportunity for Global Medical Packaging Market


The report finds that changing and growing medical needs will provide the global market with tremendous growth opportunity during the forecast period. The report’s claim is substantiated by The Association for Packaging and Processing Technologies (PMMI), which indicates that medicine usage stood at 4.7 trillion doses in 2020 globally. This figure was up 25% from 2015, validating a growth indicator. Advancements in medical science to treat varied types of illness and manage various conditions are expected to bode well for the global medical packaging market. From specialty drugs to medical devices, the market is poised to deliver solutions for all purposes in compliance with ISO9000: Quality Management Standard and PSO9000: Pharmaceutical Packaging Materials Standard. According to the author, specialty drugs segment is expected to drive a 40% growth in the global medical packaging market.

Bottles to Remain Critical Packaging Type as Glass Provides Excellent Barrier


The report states that the bottle segment will have a lion’s share in the global medical packaging market at 32%. The convenience of storing chemicals in bottle form and their sustainability due to the use of recyclable material is expected to work in favour of this market segment. Bottles have been used to store pharmaceutical liquids historically. Usually made with glass, they offer excellent barrier properties. The use of bottle is also seen for storing tablets and capsules as glass remains non-reactive to extreme temperatures, making them an ideal choice for medical packaging solutions.

Asia Pacific Leads Global Medical Packaging Market With Sheer Volume of Unmet Demand


The medical packaging market is expected to thrive in Asia Pacific as the region has a huge population base, poor medical infrastructure, and thus wide gap between medical needs and unmet demand. As of 2019, the region held a 46% share in the global market. Keen interest by the Indian Government towards upgrading healthcare facilities and access is expected to give this regional market a definitive boost. For instance, the 2021 Union Budget 2021 allocated INR2.23 lakh crore towards healthcare and wellness initiatives. This is 137% up from the previous year.

The medical packaging market is also expected to make a sizable impact in the developed region of North America with the U.S. leading the way. According to the studies, the U.S. spends about 17.8% on healthcare. Analysts anticipate that its national healthcare spending will be US$4.3 trillion by 2023. All of these trends indicate the greater need for medical packaging as healthcare gains prominence.

Some of the leading players operating in the global medical packaging market are Westrock Company., Amcor plc, Becton, Dickinson and Company, Mondi Group, Berry Global Group, Inc, Ardagh Group S.A., Nipro Corporation, Sealed Air Corporation, West Pharmaceutical Services, Inc., Catalent, Inc., and UDG Healthcare.

FEATURED COMPANIES

  • Amcor Plc
  • Ardagh Group S.A.
  • Berry Global Group, Inc
  • Catalent, Inc.
  • Gerresheimer AG
  • Mondi Group Plc
1. Executive Summary
1.1. Global Medical Packaging Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Key Trends
2.3. Healthcare Sector Outlook
2.4. Value Chain Analysis
2.5. Economic Overview
2.6. Macro-economic Factors & Forecast Analysis
2.7. Covid-19 Impact Analysis
2.7.1. Effects on Packaging Industry
2.7.2. Heat Map, by Industry
2.8. Regulatory Analysis

3. Global Packaging Industry Outlook, 2020
3.1. Global Rigid Packaging Market Outlook, 2020
3.2. Global Flexible Packaging Market Growth Overview

4. Price Trends Analysis and Future Projects, 2017 - 2025
4.1. Price Trends Analysis and Future Projects, by Material, 2017 - 2025

5. Global Medical Packaging Market Outlook, 2017 - 2025
5.1. Global Medical Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
5.1.1. Key Highlights
5.1.1.1. Plastics/Polymers
5.1.1.1.1. Polyethylene
5.1.1.1.2. Polyvinyl chloride
5.1.1.1.3. Polypropylene
5.1.1.1.4. Polyethylene terephthalate
5.1.1.1.5. Others (Polystyrene & Polycarbonate)
5.1.1.2. Glass
5.1.1.3. Metal (Aluminum)
5.1.1.4. Others (Paper and Paperboard)
5.2. Global Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
5.2.1. Key Highlights
5.2.1.1. Bottles (Packer & Liquid)
5.2.1.2. Trays
5.2.1.3. Syringes/Ampoules/Vials
5.2.1.4. Blister Packs
5.2.1.5. Bags & Pouches
5.2.1.6. Others (Sachets, Tubes, etc.)
5.3. Global Medical Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa

6. North America Medical Packaging Market Outlook, 2017 - 2025
6.1. North America Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
6.1.1. Key Highlights
6.1.1.1. Plastics/Polymers
6.1.1.1.1. Polyethylene
6.1.1.1.2. Polyvinyl chloride
6.1.1.1.3. Polypropylene
6.1.1.1.4. Polyethylene terephthalate
6.1.1.1.5. Others (Polystyrene & Polycarbonate)
6.1.1.2. Glass
6.1.1.3. Metal (Aluminum)
6.1.1.4. Others (Paper and Paperboard)
6.2. North America Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
6.2.1. Key Highlights
6.2.1.1. Bottles (Packer & Liquid)
6.2.1.2. Trays
6.2.1.3. Syringes/Ampoules/Vials
6.2.1.4. Blister Packs
6.2.1.5. Bags & Pouches
6.2.1.6. Others (Sachets, Tubes, etc.)
6.3. North America Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
6.3.1. Key Highlights
6.3.1.1. U.S. Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
6.3.1.2. U.S. Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
6.3.1.3. Canada Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
6.3.1.4. Canada Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

7. Europe Medical Packaging Market Outlook, 2017 - 2025
7.1. Europe Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.1.1. Key Highlights
7.1.1.1. Plastics/Polymers
7.1.1.1.1. Polyethylene
7.1.1.1.2. Polyvinyl chloride
7.1.1.1.3. Polypropylene
7.1.1.1.4. Polyethylene terephthalate
7.1.1.1.5. Others (Polystyrene & Polycarbonate)
7.1.1.2. Glass
7.1.1.3. Metal (Aluminum)
7.1.1.4. Others (Paper and Paperboard)
7.2. Europe Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.2.1. Key Highlights
7.2.1.1. Bottles (Packer & Liquid)
7.2.1.2. Trays
7.2.1.3. Syringes/Ampoules/Vials
7.2.1.4. Blister Packs
7.2.1.5. Bags & Pouches
7.2.1.6. Others (Sachets, Tubes, etc.)
7.3. Europe Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1. Key Highlights
7.3.1.1. Switzerland Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.2. Switzerland Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.3. Germany Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.4. Germany Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.5. Belgium Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.6. Belgium Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.7. France Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.8. France Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.9. Italy Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.10. Italy Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.11. U.K. Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.12. U.K. Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.13. Rest of Europe Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
7.3.1.14. Rest of Europe Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

8. Asia Pacific Medical Packaging Market Outlook, 2017 - 2025
8.1. Asia Pacific Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.1.1. Key Highlights
8.1.1.1. Plastics/Polymers
8.1.1.1.1. Polyethylene
8.1.1.1.2. Polyvinyl chloride
8.1.1.1.3. Polypropylene
8.1.1.1.4. Polyethylene terephthalate
8.1.1.1.5. Others (Polystyrene & Polycarbonate)
8.1.1.2. Glass
8.1.1.3. Metal (Aluminum)
8.1.1.4. Others (Paper and Paperboard)
8.2. Asia Pacific Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.2.1. Key Highlights
8.2.1.1. Bottles (Packer & Liquid)
8.2.1.2. Trays
8.2.1.3. Syringes/Ampoules/Vials
8.2.1.4. Blister Packs
8.2.1.5. Bags & Pouches
8.2.1.6. Others (Sachets, Tubes, etc.)
8.3. Asia Pacific Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1. Key Highlights
8.3.1.1. China Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.2. China Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.3. Japan Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.4. Japan Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.5. India Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.6. India Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.7. Southeast Asia Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.8. Southeast Asia Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.9. Rest of Asia Pacific Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
8.3.1.10. Rest of Asia Pacific Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

9. Latin America Medical Packaging Market Outlook, 2017 - 2025
9.1. Latin America Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.1.1. Key Highlights
9.1.1.1. Plastics/Polymers
9.1.1.1.1. Polyethylene
9.1.1.1.2. Polyvinyl chloride
9.1.1.1.3. Polypropylene
9.1.1.1.4. Polyethylene terephthalate
9.1.1.1.5. Others (Polystyrene & Polycarbonate)
9.1.1.2. Glass
9.1.1.3. Metal (Aluminum)
9.1.1.4. Others (Paper and Paperboard)
9.2. Latin America Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.2.1. Key Highlights
9.2.1.1. Bottles (Packer & Liquid)
9.2.1.2. Trays
9.2.1.3. Syringes/Ampoules/Vials
9.2.1.4. Blister Packs
9.2.1.5. Bags & Pouches
9.2.1.6. Others (Sachets, Tubes, etc.)
9.3. Latin America Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1. Key Highlights
9.3.1.1. Brazil Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.2. Brazil Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.3. Mexico Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.4. Mexico Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.5. Argentina Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.6. Argentina Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.7. Rest of Latin America Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
9.3.1.8. Rest of Latin America Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

10. Middle East & Africa Medical Packaging Market Outlook, 2017 - 2025
10.1. Middle East & Africa Medical Packaging Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.1.1. Key Highlights
10.1.1.1. Plastics/Polymers
10.1.1.1.1. Polyethylene
10.1.1.1.2. Polyvinyl chloride
10.1.1.1.3. Polypropylene
10.1.1.1.4. Polyethylene terephthalate
10.1.1.1.5. Others (Polystyrene & Polycarbonate)
10.1.1.2. Glass
10.1.1.3. Metal (Aluminum)
10.1.1.4. Others (Paper and Paperboard)
10.2. Middle East & Africa Medical Packaging Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.2.1. Key Highlights
10.2.1.1. Bottles (Packer & Liquid)
10.2.1.2. Trays
10.2.1.3. Syringes/Ampoules/Vials
10.2.1.4. Blister Packs
10.2.1.5. Bags & Pouches
10.2.1.6. Others (Sachets, Tubes, etc.)
10.3. Middle East & Africa Medical Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.3.1. Key Highlights
10.3.1.1. GCC Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.3.1.2. GCC Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.3.1.3. South Africa Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.3.1.4. South Africa Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.3.1.5. Rest of Middle East & Africa Medical Packaging Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
10.3.1.6. Rest of Middle East & Africa Medical Packaging Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025

11. Competitive Landscape
11.1. Medical Packaging Market: Intensity Mapping
11.2. Medical Packaging Market: Competition Dashboard
11.3. Company Market Share Analysis
11.4. Company Profiles
11.4.1. Amcor Plc
11.4.1.1. Company Overview
11.4.1.2. Product Portfolio
11.4.1.3. Financial Overview
11.4.1.4. Business Strategies and Development
11.4.2. Ardagh Group S.A.
11.4.2.1. Company Overview
11.4.2.2. Product Portfolio
11.4.2.3. Financial Overview
11.4.2.4. Business Strategies and Development
11.4.3. Becton, Dickinson and Company
11.4.3.1. Company Overview
11.4.3.2. Product Portfolio
11.4.3.3. Financial Overview
11.4.3.4. Business Strategies and Development
11.4.4. UDG Healthcare plc
11.4.4.1. Company Overview
11.4.4.2. Product Portfolio
11.4.4.3. Financial Overview
11.4.4.4. Business Strategies and Development
11.4.5. Berry Global Group, Inc
11.4.5.1. Company Overview
11.4.5.2. Product Portfolio
11.4.5.3. Financial Overview
11.4.5.4. Business Strategies and Development
11.4.6. Sealed Air Corporation
11.4.6.1. Company Overview
11.4.6.2. Product Portfolio
11.4.6.3. Financial Overview
11.4.6.4. Business Strategies and Development
11.4.7. Catalent, Inc.
11.4.7.1. Company Overview
11.4.7.2. Product Portfolio
11.4.7.3. Financial Overview
11.4.7.4. Business Strategies and Development
11.4.8. West Pharmaceutical Services Inc.
11.4.8.1. Company Overview
11.4.8.2. Product Portfolio
11.4.8.3. Financial Overview
11.4.8.4. Business Strategies and Development
11.4.9. Mondi Group Plc
11.4.9.1. Company Overview
11.4.9.2. Product Portfolio
11.4.9.3. Financial Overview
11.4.9.4. Business Strategies and Development
11.4.10. Gerresheimer AG
11.4.10.1. Company Overview
11.4.10.2. Product Portfolio
11.4.10.3. Financial Overview
11.4.10.4. Business Strategies and Development
11.4.11. Constantia Flexibles Group GmbH
11.4.11.1. Company Overview
11.4.11.2. Product Portfolio
11.4.11.3. Financial Overview
11.4.11.4. Business Strategies and Development
11.4.12. Nipro Corporation
11.4.12.1. Company Overview
11.4.12.2. Product Portfolio
11.4.12.3. Financial Overview
11.4.12.4. Business Strategies and Development

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

A selection of companies mentioned in this report includes:

  • Amcor Plc
  • Ardagh Group S.A.
  • Becton, Dickinson and Company
  • UDG Healthcare plc
  • Berry Global Group, Inc
  • Sealed Air Corporation
  • Catalent, Inc.
  • West Pharmaceutical Services Inc.
  • Mondi Group Plc
  • Gerresheimer AG
  • Constantia Flexibles Group GmbH
  • Nipro Corporation

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