The global medical packaging market size was USD 81 Bn in 2021 and is likely to reach USD 181 Bn by 2030, expanding at a CAGR of 7% during the forecast period, 2022–2030. The growth of the market is attributed to changing lifestyles, an aging population, rapid growth in healthcare awareness, a rise in disposable income levels, and growing incidences of chronic conditions.
Medical packaging provides various crucial functions to protect pharmaceutical or medical products. Medical products offer unique specifications and sometimes require sterilization before packaging. Medical packaging is specially designed to fulfill the best medical standards and protect the integrity of a product.
Healthcare packaging is needed in sustaining product quality and encouraging effective and safe use. In the healthcare sector, high-tech tools are used to increase productivity and incorporate environmentally friendly packaging and processing methods. Packaging is done to keep the safety of medical products for sale, storage, distribution, and use.
The material used for packaging is often a sterile barrier system that protects the equipment, drugs, and other medical products. Medical packaging needs a good quality of sterility to protect the product from contamination. Better quality of medical packaging systems enhances patient safety and increases packaging performance entirely. Medical packaging has the main function to safeguard packaged medical or pharmaceutical products.
Medical packaging is the application of medical devices for a patient's needs. Healthcare packaging offers several essential functions; however, its primary role is to safeguard pharmaceutical and medical products. Different types of medical components need a specific type of medical packaging, starting from performed packaging to any kind of customizable packaging. Medical packaging indulges everything from making custom casts & splints to sterilizing syringes, wound dressings, blood bags, needles, and others.
COVID-19 Impact on Medical Packaging Market
The global market was positively impacted by the COVID-19 pandemic. It hindered distribution channels and supply chains, as various governments around the globe implemented lockdowns and bans on logistics. On the other hand, it propelled some industries, especially medicine, healthcare, and diagnostics. Visits to stores and pharmacies significantly reduced during the COVID-19 pandemic, however, sales through e-commerce websites increased, keeping the market at stable condition.
The COVID-19 vaccination programs around the world increased the demand for rapid packaging development. Syringe and vials packaging companies ramp up their capacities to adapt to COVID-19 challenges. The pharmaceutical industry generated a high demand for superior-quality medical packaging during the COVID-19 pandemic. Manufacturers in the medical packaging market were working vigorously to increase their production capacity in tubs, lids, trays, and inserts that helped in the rapid distribution of the coronavirus vaccine and the test kits.
Packaging companies played an important role to ensure that medical supplies were packaged and transported safely and quickly to their desired locations. The healthcare packaging market witnessed huge demand globally, due to the establishment of several pharmaceutical companies. The wave of COVID-19 disrupted industries at several levels and scales. Thus, the scenario was the opposite for the global medical packaging market.
The rapidly rising rate of infections and increase in sales of drugs to treat various respiratory diseases expected a rise in the consumption of medical packages. Overall growth in the sales of medications also played a vital part as lockdown restrictions were implemented by several nations around the world resulting in a surplus purchases.
Medical Packaging Market Dynamics
The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global medical packaging market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Major Trends
Healthcare system adopts IoT to track each set of medicine. IoT helps to record the medication action of every single tablet and then it presents all the gathered information related to the patient prescription. Intelligent and interactive packaging (I2pack) is suitable for smart devices. I2Pack is referred to as the next generation of medical packaging. It connects with customers by incorporating energy harvesting, RFID, sensing, communicating, and other functions over conventional packaging mediums.
Intelligent and interactive packaging fulfills additional responsibilities apart from protecting and containing goods. For instance, the information carried and fetched by the packaging is expected to change from static to dynamic. If this information flows from product to consumer only, then it is referred to as the one-directional flow of information and if it flows from manufacturer to consumer and consumer to manufacturer then it is referred to as dual-directional.
Drivers
Rising demand for counterfeit prevention mechanisms
In many regions, counterfeit medical products are widely used and appear in hospitals, pharmacies, and other places. The widely used counterfeit medicines are filgastrim paclitaxel, paracetamol, or atorvastatin, and limited-use medicines including growth hormone. Counterfeit devices are used in many different countries, including contact lenses, surgical mesh, and strips used to track and monitor blood glucose concentrations by diabetic patients. Counterfeiting has affected both cheap and expensive products.
Developed and high-income countries with strict regulatory systems are expected to exclude falsified and substandard medical products from their markets. Counterfeit medicines offer a massive threat to the global pharmaceutical sector, from fake formulations to issues in the manufacturing process. According to the industry report, the International Hologram Manufacturers Association (IHMA) is a prominent source of expertise and shows continued growth in anti-counterfeiting packaging technologies.
Technological innovation within the anticounterfeiting, verification and authentication technologies is a key factor contributing to the market growth. The increasing demand for anti-counterfeiting techniques to safeguard the interest of patients has resulted in strengthening the medical packaging market growth.
Rising incidence of chronic conditions and expenditure of healthcare facilities
Medical packaging plays an important role in sustaining product quality and encouraging effective and safe use. The growing marketplace for implantable devices, the increasing healthcare market, and the rapidly rising awareness of healthcare around the world, mainly in developing countries such as India, China, and Japan, are expected to propel the market growth. In addition, the increase in the prevalence of chronic diseases and huge expenditure on healthcare facilities is anticipated to boost market growth.
Restraints
Fluctuations in raw material prices and the strict rules & regulations imposed by governments regarding the packaging of medical products are some of the factors projected to hinder the medical packaging market share during the forecast period.
Opportunities
Research and development activities are being carried out regarding medical packaging and its applications in several healthcare and medical industries. Medical packaging manufacturers are gradually increasing investment and R&D activities for producing sustainable packaging solutions globally. An increasing number of favorable government policies and investments in research and development activities offer growth opportunities to market players across the globe.
The growth of Intelligent and Interactive Packaging (I2Pack) is the technological advancement and convenient format for the packaging of smart devices. Continuous technological advancements and increasing adoption of (I2Pack) in various industries are expected to create lucrative opportunities for market players.
Scope of Medical Packaging Market Report
The global medical packaging market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Medical Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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Materials (Polymer, Foam, Molded-Fiber, Non-woven Fabric, Plastic, Films, Paper & Paperboard, and Others), Types (Containers, Boxes, Bags & Pouches, Trays, Blister Packets, Vials, and Others), and Applications (Medical Devices, Implants, IVDs, Pharmaceutical and Biotechnology, Diagnostics, Plastic Industries, Medical Equipment & Tools, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Medical Packaging Market Size and Analysis, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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WestRock Company; West Pharmaceutical Services Inc.; Sonoco Products Company; Mitsubishi Chemical Holdings Corporation; MeadWestvaco Corporation; Klöckner Pentaplast Group; DuPont; Constantia Flexibles Group GmbH; Chesapeake Limited; CCL Industries Inc.; Avery Dennison Corporation; Amcor Limited; SGD Pharma; Amcor; and 3M Company
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Medical Packaging Market Segment Insights
What are key factors driving the plastic segment?
Based on material, the medical packaging market is divided into polymer, foam, molded-fiber, non-woven fabric, plastic, films, paper & paperboard, and others. The plastic segment is expected to expand at a robust growth rate during the forecast period, owing to it its durability, continuous innovation, and low cost. Plastic is durable and thus it is used in the creation of medical safety devices including tamper-proof caps on medical packaging.
Plastics are shatter-proof and therefore it is used in transportation and storage. The film segment witnessed substantial growth in the market during the forecast period. The film has many applications in medical packaging. Films are used for protecting drugs, agents, and devices from the external environment.
What are key factors driving the blister packs segment?
On the basis of types, the medical packaging market is segregated into containers, boxes, bags & pouches, trays, blister packets, vials, and others. The blister packets segment is projected to register a considerable CAGR during the forecast period, owing to an increase in product developments and product launches. Blister packets are highly used in instruments and medical device packaging including subcutaneous syringes and catheters.
The blister packets are more useful in pharmaceutical packaging than medical devices. Blister packets have gained immense popularity to protect medication from any kind of moisture in the environment. The rapid growth of over-the-counter drug resulting the growth of blister packaging in the pharmaceutical industry.
What are key factors driving the pharmaceutical segment?
Based on applications, the medical packaging market is segmented into medical devices, implants, IVDS, pharmaceuticals, and biotechnology, diagnostics, plastic industries, medical equipment & tools, and others. The pharmaceutical packaging segment is expected to account for a significant market share during the forecast period, owing to the increasing production of pharmaceutical and biotechnology products across the globe.
The packaging helps to maintain the sterility of products and prevent product contamination. It aids in the identification of products and accurate dosage delivery. Pharmaceutical companies are rapidly adopting advanced packaging technologies to improve their product offerings worldwide. The medical devices segment is anticipated to hold a substantial market share during the forecast period, due to its extensive uses in the medical packaging market.
Medical device manufacturers use various packaging materials including metals, glass, and plastics. Medical devices such as stents, surgical equipment and supplies, stents, hip implants, pacemakers, dental implants, pacemakers, and others need to be packaged properly before they reach hospitals or other medical centers. The medical device packaging involves processes including sterilization and cleaning which aids to ensure that the device is free from any contamination during storage and transportation.
Why is demand for medical packaging high in North America?
In terms of regions, the global medical packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is expected to dominate the market during the projected period, owing to the growing health awareness along with the increasing healthcare industry.
Moreover, North America is projected to lead the medical packaging market during the forecast period, due to continuous innovation in products and immense focus on research and development activities such as pre-filled syringes, child-resistant packs, and others. In North America, the medical device packaging industry accounted for the majority of the market share and is expected to retain its position during the forecast period.
United States is one of the largest geographic markets for medical packaged products, due to the advanced primary care community. However, the market of the Asia-Pacific is anticipated to expand at a rapid pace during the forecast period, owing to the huge population base, and developing medical infrastructure.
Segments
The global medical packaging market has been segmented on the basis of
Materials
- Polymer
- Foam
- Molded-Fiber
- Non-woven Fabric
- Plastic
- Films
- Paper & Paperboard
- Others
Types
- Containers
- Boxes
- Bags & Pouches
- Trays
- Blister Packets
- Vials
- Others
Applications
- Medical devices
- Implants
- IVDs
- Pharmaceutical
- Biotechnology
- Diagnostics
- Plastic Industries
- Medical Equipment & Tools
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- WestRock Company
- Sonoco Products Company
- West Pharmaceutical Services Inc.
- Mitsubishi Chemical Holdings Corporation
- MeadWestvaco Corporation
- Klöckner Pentaplast Group
- DuPont
- Constantia Flexibles Group GmbH
- Chesapeake Limited
- CCL Industries Inc.
- Avery Dennison Corporation
- Amcor Limited
- SGD Pharma
- Amcor
- 3M Company
- Others
Competitive Landscape
Key players competing in the global medical packaging market share are WestRock Company; West Pharmaceutical Services Inc.; Sonoco Products Company; Mitsubishi Chemical Holdings Corporation; MeadWestvaco Corporation; Klöckner Pentaplast Group; DuPont; Constantia Flexibles Group GmbH; Chesapeake Limited; CCL Industries Inc.; Avery Dennison Corporation; Amcor Limited; SGD Pharma; Amcor; and 3M Company.
Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share. Moreover, as per Amcor PLC in May 2022, pharmaceutical packaging companies are under regulatory pressure for sustainable packaging.
- In January 2021, Ashfield, a division of UDG Healthcare PLC, announced the development of three business divisions to extend its healthcare services.
- In February 2018, Constantia Flexibles Group GmbH, a manufacturer of packaging products including medical packaging products, announced to build of a new packaging plant in Gujarat. Constantia’s new plant is projected to expand the company’s production capacity of various medical packaging products.
- In November 2018, Rose plastic medical packaging GmbH launched a new “TubeInTube” packaging solution for implants. This advanced packaging has a double sterile barrier that saves space, provides safety, and easy handling of implants in the hospital.
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