ResearchAndMarkets.com is now offering the comprehensive “Plastics for Healthcare Packaging” report, shedding light on the pivotal role plastics play in the pharmaceutical and medical sectors. With a range of medical packaging products deriving from plastic resins like polyethylene, polypropylene, and polyvinyl chloride, this report underscores the significance of plastics in healthcare packaging due to their lightweight, durable, transparent, and cost-effective nature. Advancements in plastics packaging not only protect medical products from external damage but also safeguard against contamination, making plastics an indispensable component of the healthcare industry, poised to maintain its prominence in the foreseeable future.
The market dynamics of plastics for healthcare packaging are influenced by various factors, including the escalating use of disposable products, augmented government spending in healthcare, heightened influence of hospital procurement, and a shift towards contract packaging. Additionally, there’s a rising demand for packaging solutions featuring child-resistant/senior-friendly and tamper-evident features, increased utilization of turn/twist caps, higher adoption of unit-dose packaging, and a surge in injectable therapies.
The escalating demand for pharmaceuticals, particularly in developing regions, coupled with the significant penetration of retail pharmaceutical sales, is anticipated to fuel market growth. As pharmaceutical packaging assumes a crucial role in storing and safeguarding various drug formulations, such as tablets, capsules, syrups, and topical drugs, the mounting prevalence of chronic diseases, including cancer, due to lifestyle changes and disrupted sleep patterns, accentuates the need for medications.
Key Market Insights:
- The global market value of plastics for healthcare packaging is projected to soar from $32.1 billion in 2023 to an estimated $46.1 billion by 2028, with a compound annual growth rate (CAGR) of 7.5% during the forecast period.
- In the Asia-Pacific region, the market value is anticipated to surge from $14.2 billion in 2023 to $21.1 billion by 2028, at a CAGR of 8.3%.
- North America is poised to witness substantial growth, with the market value expected to climb from $8.5 billion in 2023 to $12.2 billion by 2028, at a CAGR of 7.6%.
The report meticulously analyzes the global plastics for healthcare packaging market, segmenting it based on resin and product packaging, with detailed insights provided at both global and regional levels. With a base year of 2022, the report offers market estimates and forecasts from 2023 through 2028, in terms of volume (kilo tons) and revenue (millions of U.S. dollars).
Included in the Report:
- Overview of the global market for plastics for healthcare packaging applications
- In-depth analysis of market trends, historical data, estimates, forecasts, and compound annual growth rates
- Insights into growth drivers, opportunities, restraints, emerging technologies, regulations, trends, and macroeconomic variables
- Examination of technical and non-technical challenges hindering market realization
- Relevant patent analysis and sustainability trends in the global market
- Identification of major vendors, industry structure, market shares, M&A activities, and venture funding outlook
- Competitive landscape analysis, company profiles, and recent developments
The report is an essential resource for stakeholders seeking profound insights into the dynamics of the plastics for healthcare packaging market, enabling informed decision-making. For more information, visit ResearchAndMarkets.com.
