Plastics for Healthcare Packaging
Report Highlights
The global market value of plastics for healthcare packaging is expected to grow from $32.1 billion in 2023 and should reach $46.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.5% during the forecast period of 2023 to 2028.
Report Includes
- 54 data tables and 42 additional tables
- An analysis of the global market for plastics for healthcare packaging applications
- Analyses of the global market trends, with revenue data for 2022, estimates for 2023, forecasts for 2024, and projected CAGRs through 2028
- Estimate of the current market size, along with a market share analysis by resin type, product and region
- Facts and figures pertaining to the market drivers, opportunities and restraints, and the impacts of macroeconomic variables
- Discussion of emerging technologies and regulatory trends
- Insight into the technical as well as non-technical challenges that must be overcome for the market to realize its full potential
- Analysis of patents
- Overview of sustainability trends and ESG developments, including consumer attitudes, companies’ ESG score rankings and their ESG practices
- Analysis of the competitive landscape, including companies’ market shares, business segments, financials and product portfolios, as well as recent M&A activity and a venture funding outlook
- Profiles of the major market players
Report Scope
This report analyzes the global plastics for healthcare packaging market by segmenting it based on resin and product packaging. These market segments are further analyzed at the global and regional levels. The base year for this analysis is 2022, and market estimates and forecasts are given from 2023 (through 2028. The market estimates are provided in terms of volume (kilo tons) and revenue (millions of U.S. dollars).
On the basis of resin, the plastics for healthcare packaging market is classified into polypropylene, HDPE, polystyrene and copolymers, LDPE/LLDPE, PVC, PET, and others. The polypropylene segment dominated the overall resin segment. Based on product packaging, the market is segmented into containers, caps and closures, vials, IV bags, prefilled syringes, blister packs, bags/pouches, medication tubes, prescription containers and others.
Frequently Asked Questions (FAQs)
- Growing pharmaceutical and pharmaceutical packaging industry.
- Benefits and cost-effectiveness of plastic over other packaging materials.
Analyst Credentials
Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2022 |
| Forecast period considered | 2023-2028 |
| Base year market size | $29.9 billion |
| Market size forecast | $46.1 billion |
| Growth rate | CAGR of 7.5% from 2023 to 2028 |
| Units considered | $ Millions (Value) and Kilo Tons (Volume) |
| Segments covered | By Product, Resin Type, and Geographic Region |
| Regions covered | North America, Europe, Asia-Pacific, and Rest of World |
| Key Market Drivers |
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| Companies studied |
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Report Highlights
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.
Report Includes
- 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.
Report Highlights
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).
Report Includes
- 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.
Report Highlights
- 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%.
Report Highlights
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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%.
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Polypropylene represents nearly 28% of the market and will rise at an AAGR of 5.1% to 913 million pounds in 2009.
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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.
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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.