Plastics for Healthcare Packaging
The global market, in volume terms, of plastics for healthcare packaging should reach 18.8 billion pounds by 2025 from 14.6 billion pounds in 2020 at a compound annual growth rate (CAGR) of 5.1% for the forecast period of 2020 to 2025.
- 61 data tables and 19 additional tables
- An overview of the global markets for plastics used in the packaging of healthcare products
- Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Latest information on market growth drivers, opportunities and challenges, industry supply chain structure, regulatory and environmental updates, macroeconomic trends, and technological advancements that are affecting the overall marketplace
- Assessment of market potential for plastics used in healthcare packaging, their corresponding market share analysis, revenue forecast in dollar value terms, volume shipments in number units and correlated growth rates
- Identification of the technical as well as other non-technical challenges that must be prevailed over for the market to realize its full potential
- A brief general outlook of the healthcare industry, assessment of COVID-19 impact on the global marketplace, packaging plastics approval process and factors affecting choices of healthcare packaging materials
- Company profiles of market leading organizations, including Almac Group, Catalent Inc., Klöckner Pentaplast, McKesson Corp., Perlen, Tekni-Plex and Winpak Ltd.
This study covers many of the most important economic, technological, regulatory and environmental considerations in markets for the use of plastics to package healthcare products. This report is a global study of activities within the healthcare packaging market.
All market volume figures are rounded to the nearest million pounds. Growth rates are compound average annual growth rates (CAGR). Growth rates are rounded to the tenth of a percent.
Some relatively minor resin materials and applications are grouped together in a miscellaneous category but are specifically noted.
A wide variety of terms in this market are used almost interchangeably, which often makes it difficult to specifically segment several products used in healthcare packaging because, in many cases, they are multifunctional, such as:
- Trays vs. kits.
- Pouches vs. bags.
- Closures vs. caps.
- Containers vs. bottles.
- Closures vs. lidding.
Note that because some readers purchase only certain sections of this report and not the complete report, there are often times when there is a need to review some preliminary but important background details several times.
BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.
The global plastic healthcare packaging market was nearly 9.6 billion pounds in 2012 and slightly more than 10 billion pounds in 2013. It is expected to increase and reach more than 13 billion pounds by 2018, which corresponds to a 5.6% compound annual growth rate (CAGR).
- An overview of the market for plastics in the packaging of healthcare products, segmented by pharmaceutical and medical packaging.
- Analyses of market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Coverage of the most important economic, technological, regulatory, and environmental considerations in U.S. markets for the use of plastics to package healthcare products.
- Examination of the industry structure.
- Identification of the types of plastics used in healthcare packaging and the projected volumes for each.
- The U.S. plastic healthcare packaging market is estimated at 3.8 billion pounds in 2010 and is expected to increase to almost 5 billion pounds by 2015, a 5.6% compound annual growth rate (CAGR).
- Polypropylene is the largest sector at 987 million pounds in 2010. This sector is projected to increase at a compound annual growth rate (CAGR) of 6.3% to 1.3 billion pounds in 2015.
- The PVC market is estimated at 845 million pounds in 2010. By 2015, this sector will reach 1 billion pounds, a compound annual growth rate (CAGR) of 5%.
The plastic healthcare packaging market in North America is estimated at 2.5 billion pounds for 2004 and is expected to increase to slightly more than 3.2 billion pounds by 2009, at an average annual growth rate (AAGR) of 5%.
Polypropylene represents nearly 28% of the market and will rise at an AAGR of 5.1% to 913 million pounds in 2009.
PVC is, and will remain with the second highest share despite efforts to reduce its use. PVC still is regarded as a cost-effective and safe material by the industry.
Bottles/vials, tubing/containers, syringes and kits are estimated to be the leading healthcare packaging applications, accounting for more than 83% of total plastic volume in 2004.