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Report Overview

The global healthcare packaging market value reached around USD 132.60 Billion in 2023. This growth is driven by several key factors, including the expanding pharmaceutical industry, and increasing healthcare expenditure worldwide. Additionally, the surge in online sales of healthcare products has heightened the demand for effective packaging that protects items during transit; approximately 3 million people in India used online pharmacy applications for medicine orders in 2021-2023. As a result, the industry is expected to grow at a CAGR of 6.30% during the forecast period of 2024-2032 to attain a value of USD 229.80 Billion by 2032. Advancements in technology are enabling the development of sustainable and smart packaging solutions, further propelling market growth.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • The UAE has committed to a robust healthcare investment strategy, with approximately 700 healthcare projects under development, amounting to a total investment of USD 60.9 billion. This includes public-private partnerships (PPPs) aimed at expanding hospital capacity and improving healthcare services, which will subsequently drive demand for effective and innovative packaging solutions for pharmaceuticals and medical devices. The increasing focus on patient safety and product integrity will necessitate advanced packaging technologies, including smart packaging that can monitor conditions and ensure compliance with safety standards.
  • The REACH regulation in the EU addresses the production and use of chemical substances and their potential impacts on human health and the environment. It requires manufacturers to register chemicals used in packaging materials, ensuring that they meet safety standards. This regulatory framework is crucial for the healthcare packaging market as it mandates compliance with stringent safety protocols, thereby enhancing consumer confidence. Manufacturers will need to invest in research and development to create packaging solutions that not only comply with REACH but also meet the growing demand for biocompatible and eco-friendly materials. The emphasis on safety will likely lead to increased collaboration between packaging manufacturers and healthcare providers.
  • The establishment of programs like Ayushman Bharat in India aims to provide health coverage to economically vulnerable populations, further driving investment in healthcare services, including better healthcare packaging. As this initiative expands access to healthcare, there will be a heightened need for efficient and cost-effective packaging solutions that can accommodate a wider range of medical products. As healthcare services scale up, there will be an increased focus on packaging that ensures product stability and longevity, particularly for pharmaceuticals that require specific storage conditions.

Compound Annual Growth Rate

Value in USD Billion

6.3%

2024-2032


Healthcare Packaging Market Outlook

*this image is indicative*

Healthcare Packaging Market Growth

Healthcare packaging has several significant features, but its primary function is to safeguard a packaged medical device or pharmaceutical product. As healthcare products can have distinctive requirements and often involve sterilisation before packaging, the packaging of healthcare products is intended to both maintain the highest medical guidelines and norms, while protecting the integrity of the healthcare product. The package should keep the product stable throughout its shelf life. Several factors like the rising incidences of lifestyle disease, increasing geriatric population, increasing expenditure on health care, and altering lifestyles are presently catalysing the demand of healthcare packaging market.

The global market is also being driven by the increasing geriatric population, creating scope for producers of medical devices and pharmaceuticals because of enhanced life expectancy rates worldwide. The advent of new products, driven by the demands for better compliance due to advances in the areas of biopharmaceutical and biology, is anticipated to drive the healthcare packaging industry growth further. The increased incidences of chronic circumstances, rising healthcare facilities expenditure, increasing development of implantable devices, increased IoT in the healthcare and medical sectors, and the rising demand for counterfeit prevention systems are also some of the main driving factors that are accelerating the growth of the market.

Global Healthcare Packaging Market

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Key Trends and Developments

Healthcare Packaging Market Trends

As the healthcare industry shifts towards personalised medicine, packaging solutions are becoming more tailored to individual patient needs. This includes customisable blister packs with electronic reminders or smart pill bottles that help improve medication adherence. Personalised packaging not only enhances patient engagement but also provides valuable data for healthcare providers which can boost growth of the healthcare packaging industry.

On November 28, 2023, Schreiner MediPharm announced the launch of a new smart blister wallet in collaboration with Keystone Folding Box Co. This innovative packaging solution combines child-resistant features with integrated electronics to create a digital adherence monitoring system. The smart blister wallet captures dosing history data in real-time, enhancing clinical trial reporting accuracy and improving patient engagement through customisable tracking capabilities.

Meanwhile, in January 2024, PillSafe introduced a groundbreaking smart pill bottle designed to prevent tampering and improve dosage safety. This bottle features a unique three-digit access code for dispensing medication and includes an electronic net that detects any breach attempts.

Opportunities in Healthcare Packaging Market

The development of antimicrobial packaging materials is becoming more prevalent in response to heightened concerns about contamination and infection control in healthcare settings. These materials help inhibit the growth of microorganisms on packaging surfaces, thereby enhancing product safety, extending shelf life and increasing healthcare packaging market revenue.

In March 2022, BERRY GLOBAL, a leader in innovative packaging solutions, partnered with PYLOTE, a provider of industrial mineral chemistry, to create a multidose ophthalmic dropper with antimicrobial protection properties. This dropper is designed to kill germs and microorganisms, making it suitable for both personal and medical applications. This collaboration emphasises the growing trend of integrating antimicrobial features into healthcare packaging to enhance safety and hygiene. In May 2021, Avient Corporation launched GLS thermoplastic elastomers that incorporate antimicrobial technology. These materials are tested to inhibit bacterial growth by over 99.9% and resist fungal and mould growth, addressing the increasing demand for hygienic packaging solutions in the healthcare sector.

Healthcare Packaging Market Restraints

The healthcare packaging industry is subject to rigorous regulations that vary across different regions. Compliance with these regulations can be complicated and costly for manufacturers. For example, the need to adhere to standards set by regulatory bodies such as the FDA and EMA can lead to increased operational costs and extended timelines for product development due to the complexity of meeting safety and labelling requirements, which can impact the healthcare packaging demand. 

The materials used in healthcare packaging must meet strict safety and efficacy standards, which often necessitates the use of specialised and sometimes expensive materials. This can create a barrier to entry for smaller players in the market, as they may lack the resources to invest in high-quality materials or advanced manufacturing processes. Additionally, fluctuations in raw material prices can further complicate budgeting and financial planning for packaging manufacturers.

Global Healthcare Packaging Market

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Healthcare Packaging Industry Segmentation

“Healthcare Packaging Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Industry

  • Pharmaceuticals
  • Medical Devices

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Healthcare Packaging Market Share

Market Insights by Industry

Pharmaceuticals hold the highest healthcare packaging market share due to the need for packaging solutions that ensure drug safety, efficacy, and compliance with stringent regulations. Stringent regulations governing pharmaceutical products necessitate advanced packaging solutions that ensure safety, efficacy, and compliance with anti-counterfeiting measures. For instance, the European Union's Directive mandates serialisation on all pharmaceutical products, compelling manufacturers to adopt innovative packaging technologies.

Moreover, the integration of smart packaging technologies, such as RFID tags and QR codes, enhances traceability and patient engagement. These innovations help combat counterfeit drugs and ensure proper medication adherence among patients.

Global Healthcare Packaging Market

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Healthcare Packaging Market Regional Insights

North America Healthcare Packaging Market Trends

North America, particularly the United States, is a leader in healthcare packaging due to a robust pharmaceutical industry, high healthcare expenditure, and advancements in packaging technologies. Rising demand for medicines, biologics, and medical devices, along with increasing regulatory requirements for packaging safety and compliance, are driving growth of the healthcare packaging market.

The U.S. Food and Drug Administration (FDA) enforces rigorous packaging regulations for medical devices and pharmaceuticals to ensure patient safety. The Quality System Regulation (QSR) outlined in 21 CFR 820 mandates comprehensive controls over packaging design, materials, labelling, and sterilisation processes.

Asia Pacific Healthcare Packaging Market Drivers

Asia Pacific is emerging as a key region for healthcare packaging, driven by the increasing healthcare needs of large populations in countries like China and India, as well as the growing healthcare infrastructure in emerging markets. The increasing prevalence of chronic diseases, rising disposable incomes, and growing investments in healthcare are major drivers increasing healthcare packaging market opportunities.

India's healthcare expenditure has seen significant growth over the years, reflecting a commitment to improving health services and access across the country. According to the National Health Accounts (NHA) estimates for 2021-22, the total health expenditure per capita reached Rs 6,602, marking an 82% increase from Rs 3,638 in 2013-14. 

Europe Healthcare Packaging Market Opportunities

Europe is seeing growth driven by the expanding pharmaceutical sector, strong regulatory frameworks, and increasing ageing populations. Innovations in sustainable packaging, such as recyclable and biodegradable materials, are particularly gaining traction and contributing to healthcare packaging industry revenue.

Regulation (EC) No. 726/2004 and Directive 2001/83/EC govern the marketing authorisation of medicinal products in the EU, outlining requirements for packaging that ensures product safety and efficacy. They include provisions for labelling and packaging materials that must comply with established safety standards, which are crucial for maintaining the integrity of pharmaceuticals throughout their lifecycle.

Latin America Healthcare Packaging Market Growth

Latin America’s market is driven by expanding access to healthcare services, increased demand for packaged pharmaceutical products, and rising healthcare awareness. The region is experiencing significant growth in the pharmaceutical sector, which is bolstering demand for medical packaging products and eventually affecting healthcare packaging market dynamics and trends. 

Blister packaging is widely used for pharmaceuticals, particularly for oral dosage forms like tablets and capsules. These packs provide excellent protection against moisture and contamination while allowing for easy dispensing. Companies like Amcor and Schott AG are key players in producing high-quality blister packs tailored for the Latin American market.

Middle East and Africa Healthcare Packaging Market Dynamics

The Middle East and Africa are witnessing growth due to increasing healthcare investments and the rising demand for medical products, driven by both population growth and healthcare infrastructure development. Countries like the UAE and Saudi Arabia are focusing on advanced medical packaging technologies to improve healthcare delivery. Africa’s growth is largely driven by increasing access to basic healthcare and a rising focus on improving healthcare packaging to combat counterfeit drugs that can impact healthcare packaging demand forecast.

The Saudi Ministry of Health announced plans to approve 100 healthcare projects over the next five years, with an estimated total investment of USD 12.8 billion. This initiative aims to enhance healthcare facilities, including hospitals and clinics, thereby increasing the demand for medical packaging solutions.

Innovative Startups in Healthcare Packaging Market

Startups in the market are actively innovating to address the evolving needs of the industry, focusing on sustainability, smart technologies, and personalised solutions. Many startups are integrating advanced technologies like RFID and QR codes into their packaging solutions. These innovations enhance tracking, authentication, and patient engagement by providing real-time information about medications and health products.

Xampla

Xampla is a startup focused on creating sustainable packaging solutions using innovative technology. The company utilises Supramolecular Engineered Protein (SEP) technology to produce bio-based materials from plant proteins, which can be formed into various packaging types, such as films and capsules. 

Lactips

Lactips has developed a unique water-soluble and biodegradable thermoplastic made from casein, a milk protein. This innovative material is designed for various applications, including healthcare packaging.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global healthcare packaging industry covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. There is a strong emphasis on eco-friendly packaging solutions, such as biodegradable materials and recyclable designs. Companies are responding to consumer demand and regulatory pressures by developing lightweight and compostable packaging options.

WestRock Company

WestRock Company is a leading American packaging company formed in 2015 through the merger of MeadWestvaco and RockTenn. The company specialises in producing corrugated containers, folding cartons, and various paper products for industries such as retail, food, and healthcare.

Sonoco Products Company

Sonoco Products Company is a diversified global provider of consumer and industrial packaging solutions. The c...

Avery Dennison Corporation

Avery Dennison Corporation is a global leader in materials science and digital identification solutions, headq...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the healthcare packaging market are Gerresheimer AG, DuPont de Nemours, Inc., Rotex Heating Systems GmbH, and Amcor plc, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 132.60 Billion.

The healthcare packaging market is assessed to grow at a CAGR of 6.30% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 229.80 Billion by 2032.

The major drivers expected to aid the market growth are increasing hygiene awareness, rising geriatric population, favourable government policies, improved access to healthcare facilities, and growing technological advancements.

The key market trends guiding the growth of the healthcare packaging market include the innovation of sterile barrier packaging solutions and eco-friendly packaging variants coupled with the utilisation of light-weight materials.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Pharmaceuticals and medical devices are the major healthcare packaging industries globally.

The major products of pharmaceutical packaging include plastic bottles, caps and closures, blister packs, pre-fillable syringes, parenteral containers, pre-fillable inhalers, pouches, and medication tubes. The major product types of medical device packaging are trays, pouches, and clamshell packs.  

The major players in the market are WestRock Company, Sonoco Products Company, Avery Dennison Corporation, Gerresheimer AG, DuPont de Nemours, Inc, Rotex Heating Systems GmbH, Amcor plc and Others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Industry
  • Region
Breakup by Industry
  • Pharmaceuticals
  • Medical Devices 
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • WestRock Company
  • Sonoco Products Company
  • Avery Dennison Corporation
  • Gerresheimer AG
  • DuPont de Nemours, Inc
  • Rotex Heating Systems GmbH
  • Amcor plc
  • Others
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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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+44-753-713-2163

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+84-865-399-124