Healthcare Packaging Market Sales Revenue, Grow Pricing and Industry Growth AnalPosted by surendra choudhary on December 23rd, 2020 The healthcare packaging market is expected to witness robust growth during 2019-2027. The market is expected to garner 5% CAGR over the forecast period and reach a total evaluation of 7 bn by 2027 end. Rising demand for healthcare packaging, thanks to growing concerns of hygiene in the healthcare sector are expected to propel growth of the healthcare packaging market. The widespread use of disposable plastics, and its essential place in sterilization are expected to continue as a boon for the healthcare packaging market in the near future. Major Trends in the Healthcare Packaging Market
Regional Landscape Many pharmaceutical companies globally are investing large sums of money in research and development. The rise of chronic illnesses around the world, the streamlining of approvals, and expansion strategies in new regions are expected to propel the healthcare packaging market. It is estimated that the North America region presents 90% of the total revenues in the healthcare packaging market. Additionally, the market in the region is witnessing child-resistant and anti-counterfeiting products which are expected to reassure consumers and propel growth. Major acquisitions in the region like Bemis Company Inc are expected to increase the competition in the region along as technology continues to improve products and create new opportunities like smart packaging. The Europe region is also expected to witness significant demand in the near future as entry of large packaging players in Poland is expected to augment strong growth in the regional market. Additionally, growth in biologics to counter bans on single-use plastics, and rise in demand eco-friendly packaging are expected to drive growth of the healthcare packaging market in the near future. Looking for exclusive market insights from business experts? Request a Custom Report This analysis of the global healthcare packaging market is based on a recent market research report by Transparency Market Research, titled “Healthcare Packaging Market (Packaging Format: Flexible Packaging (Bags & Pouches, Envelopes, Tubes, Sachets), Rigid Packaging (Trays, Boxes & Folding Cartons, Clamshells, Blisters, Bottles & Jars, Containers, Aerosol Cans, Ampoules & Vials); Material: Plastic (Polyethylene, Polypropylene (PP), Polyethylene Terephthalate (PET), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyamide/EVOH, Polyurethanes (PUR), Other Plastics), Metal (Aluminum, Tin), Glass, Paper & Paperboard; End Use: Pharmaceuticals & Biological, Medical Supplies (Gloves, Scissors, Syringes and Needles, Surgical Tapes, Others), Medical Equipment (Surgical, Therapeutic, Diagnostic)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027” You May Also Like PRNewswire on Home Security Solutions Market Like it? Share it!More by this author |