‘Healthcare Packaging Market Worth $121.8 Billion In 2018’ Says Visiongain Report
01 August 2018
Visiongain’s new report the Healthcare Packaging Market Report 2018-2028: Forecasts by End-Use (Pharmaceuticals (OTC & Prescription (Rx)) & Medical Devices), By Material (Rigid Plastic, Flexible Plastic, Glass, Paper, Metal, Other), By Type (Plastic Bottles, Blister Packs, Caps & Closures, Pouches, Prefilled Syringes & Inhalers, Trays, Parenteral Vials & Ampoules, Other) Plus Analysis of Leading Companies indicates that the global healthcare packaging market will see $121.8 Bn in spending in 2018.
The lead analyst of the report said “Internationally, local packaging regulations and pharmaceutical companies’ packaging preferences are some of the drivers which will accelerate the growth of the healthcare packaging sector. Plastic packaging is gaining preference in the market and it will continue to grow due to the increasing trend to use prefillable syringes (PFS) in Europe, America and China. North American regulation has increased the consumption of Blister packaging and pharmaceutics companies have increased their production in this material, which is highly recognised for its benefits of making it easier for patients to follow their prescriptions, longevity, ease and speed of use, being childproof, and it is easy to customize.
However, China still presents opportunities for companies that can develop glass packaging using neutral borosilicate components. Despite the fact that plastic has been gaining place in the packaging pharmaceutical sector, glass packaging is still ahead for its recognized advantages such as: FDA approval, health and safety reasons, recyclability, odourless, hermetic seal, prolonged shelf life, leaching tendency, and its chemically inert, pure and transparent features. Glass is also recognised for its cost–effectiveness because pharmaceutical companies can increase sales due to being able to pack more medicines in glass containers. Additionally, the solid growth of ampoules consumption guarantees the long term use of glass packaging in the pharmaceutical industry.”
The 310-page report contains 278 tables, charts and graphs that add visual analysis in order to explain developing trends within the healthcare packaging market. Visiongain provides forecasts for the period 2018-2028 for the two-leading healthcare packaging end-uses, namely pharmaceuticals, and medical devices. The report also includes segment forecasts for different materials rigid plastic, flexible plastic, glass, paper, metal, and others. The report further segments by type including plastic bottles, blister packs, caps & closures, pouches, prefilled syringes & inhalers, trays, parenteral vials & ampoules and other.
The comprehensive report offers market forecasts and analysis for several leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering companies leading the field in healthcare packaging including Amcor, Ardagh Group, Becton, Dickinson & Co. (BD), Bemis Company, Inc., Gerresheimer, Mondi Ltd., Owens-Illinois, Inc. Sealed Air Corporation and SCHOTT.
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