Medical Packaging Market: Global Industry Analysis and Forecast (2024-2030)

  • Medical Packaging Market size was valued at USD 53.30 Bn. in 2023 and the Medical Packaging revenue is expected to grow at a CAGR of 6.46% from 2024 to 2030, reaching nearly USD 82.65 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2015

Medical Packaging Market Overview:     

Medical Packaging is the art of designing & science of protecting the drug content by enclosing in an authentic and suitable package for presentation, preservation, promotion & desired use of drugs and other medical products. Medicinal products often need special requirements. They are usually sterilised before putting in bottles or wrapping, this is why medical product packaging consider the most demanding norms and rules observed within medical fraternity and protect the wholeness of these goods. Product packages & analysis of packaging materials means a lot to pharmaceutical professionals to release quality packaging materials for production department.

 

The medical device and pharmaceutical industries are focusing on safety and sustainability in their manufacturing and packaging processes. To prevent the sale of counterfeit pharmaceuticals and medical supplies, the healthcare sector is conforming to traceability requirements. One of the most typical changes in medical and surgical equipment supply is the rise of disposable kits. Market growth is driven by strict limitations, globalization, and other economic factors. Since labels change regularly, new regulatory frameworks for information and anti-counterfeiting, it is difficult for manufacturers to develop and carry out. They have to change the packaging with the time to avoid counterfeiting.

Medical Packaging Market

 

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Medical Packaging Market Dynamics:

Increasing Demand for Pharmaceuticals is Fuelling the Medical Packaging Market.

The demand for medical packaging is uplifted by the aging of the global population, leading to a higher prevalence in chronic diseases as well as an increased need for pharmaceutical drugs. The prevalence of certain long-lasting diseases such as diabetes, heart diseases, cancer has raised the need for continuous medication among patients. Medical packaging is increasingly taking on more advanced forms as reflected by technologies like smart packaging which has been fitted with things like RFID tags and QR codes meant for tracking and authentication. Insight into the medical product market indicates that growth is being facilitated by discovery of fresh materials that guarantee more protection and endurance. Such materials are for example barriers; they bar light, oxygen or moisture.

 

The packaging of medical items ought to adhere to rigorous instructions in order to ensure safety, effectiveness, and tamper evident as set forth by regulatory agencies including the European Medicines Agency (EMA) and the Food and Drug Administration (FDA). Compliance with these regulations is the reason why better medical packaging solutions are required. For prevention of counterfeits and assurance of product quality, there have been increased utilization of new packaging technologies since serialisation and traceability are regulatory requirements. All these factors are propelling the growth of the medical packaging market.

 

Regulatory Compliance and Environmental Sustainability affect the Medical Packaging Market.

The medical packaging sector is mandated to adhere to stringent rules and standards set forth by governing bodies like FDA, EMA among others. Staying current with changing regulations is costly and slow. For this cause, companies find it hard to develop international market packages that are uniform given that in various nations, laws are different. Given its dependence on plastics, the environment is being degraded by the medical packaging sector. Replacement of plastics with other sustainable substitutes is a growing concern today. Biggest challenge usually lies in finding the right mix in terms of quality packaging that protects products well while achieving sustainability goals. For medical applications, coming up with materials that go against stringent medical requirements without harming the environment poses economic and technical difficulties. All these factors affect negatively on the market of medical packaging.

 

Medical Packaging Market Segment Analysis:

By Material, medical packaging market is divided into Plastics, Metals, Glass, Paper & paperboard, and Others. The plastics category held the largest market share. This is because plastic is the largest single raw material used for making pharmaceutical packages. In addition, they are easily turned into almost any form, are protective and cost less making them drive the market forward. Owing to the great need by packaging companies for pressure-sensitive tapes as well as labels, adhesives have grown much faster.

 

Furthermore, plastic packages come in weightless and act as great barriers to moisture, gas, solvent and most other environmental agents. Again, for the longest time these characteristics, light weight, relative affordability and simplicity in access to raw materials have increased profitability of manufacturers. This has led to a significant increase in the use of plastic packages ion the pharmaceutical packaging sector.

Medical Packaging Market1

Medical Packaging Market Regional Insight:

North America, dominated the medical packaging market owing to the growth of the pharmaceutical industry in the region. This region is anticipated to experience market growth because of an increase in primary packaging items demand, growth in the number of diseases and escalating expenses on healthcare. Growing demand for pharmaceuticals, and other medical products is driving the market of the medical packaging in the region.

Medical Packaging Market2

Medical Packaging Market Competitive Landscape:

  • In April 2022, Amcor Plc. announced the launch of sustainable packaging high shield laminate in order to enhance its pharmaceutical packaging portfolio.
  • In July 2022, Steri Group announced its partnership with Inflexion in order to accelerate growth and geographical expansion. It is set to help enhance the company’s service offering to better support current and future customers.

 

Medical Packaging Market Scope:

Medical Packaging Market

Market Size in 2023

USD 53.30 Bn.

Market Size in 2030

USD 82.61 Bn.

CAGR (2024-2030)

6.46 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Material

Plastics

Metals

Glass

Paper & paperboard

Others

By Packaging Type

Primary

Secondary

Tertiary

By Application

Pharmaceutical & biological

Surgical & medical instruments

In vitro diagnostic products

Medical implants

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Medical Packaging Market Key Players:

  1. Amcor plc.
  2. Gerresheimer
  3. Schott
  4. WestRock
  5. AptarGroup
  6. Berry Global
  7. Nipro
  8. CCL Industries
  9. West Pharmaceutical Services
  10. International Paper
  11. Comar
  12. Oliver Healthcare Packaging
  13. Sterimed
  14. Hagilin
  15. Inmark
  16. Selenium Medical
  17. Shandong Weigao Group Medical Polymer
  18. Sopac Medical
  19. TranscendPackaging
  20. MP Global Products, LLC.
  21. XX Inc


Frequently Asked Questions

Increasing demand for pharmaceuticals is the driver of the Medical Packaging Market.

1.    Medical Packaging Market: Research Methodology 
2.    Medical Packaging Market: Executive Summary
3.    Medical Packaging Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Medical Packaging Market Import Export Landscape
5.1. Import Trends
5.2. Export Trends
5.3. Regulatory Compliance
5.4. Major Export Destinations
5.5. Import-Export Disparities
6.    Medical Packaging Market: Dynamics
6.1. Market Trends by Region
6.1.1.    North America
6.1.2.    Europe
6.1.3.    Asia Pacific
6.1.4.    Middle East and Africa
6.1.5.    South America

6.2. Market Drivers by Region
6.2.1.    North America
6.2.2.    Europe
6.2.3.    Asia Pacific
6.2.4.    Middle East and Africa
6.2.5.    South America

6.3. Market Restraints
6.4. Market Opportunities
6.5. Market Challenges
6.6. PORTER’s Five Forces Analysis
6.7. PESTLE Analysis
6.8. Strategies for New Entrants to Penetrate the Market
6.9. Regulatory Landscape by Region
6.9.1.    North America
6.9.2.    Europe
6.9.3.    Asia Pacific
6.9.4.    Middle East and Africa
6.9.5.    South America

7.    Medical Packaging Market Size and Forecast by Segments (by Value Units)
7.1. Medical Packaging Market Size and Forecast, by Material (2023-2030)
7.1.1.    Plastic
7.1.2.    Metals
7.1.3.    Glass
7.1.4.    Paper & Paperboard
7.1.5.    Others

7.2. Medical Packaging Market Size and Forecast, by Packaging Type (2023-2030)
7.2.1.    Primary
7.2.2.    Secondary
7.2.3.    Tertiary

7.3. Medical Packaging Market Size and Forecast, by Application (2023-2030)
7.3.1.    Pharmaceutical & biological
7.3.2.    Surgical & medical instruments
7.3.3.    In vitro diagnostic products
7.3.4.    Medical implants
7.3.5.    Others

7.4. Medical Packaging Market Size and Forecast, by Region (2023-2030)
7.4.1.    North America
7.4.2.    Europe
7.4.3.    Asia Pacific
7.4.4.    Middle East and Africa
7.4.5.    South America

8.    North America Medical Packaging Market Size and Forecast (by Value Units)
8.1. North America Medical Packaging Market Size and Forecast, by Material (2023-2030)
8.1.1.    Plastic
8.1.2.    Metals
8.1.3.    Glass
8.1.4.    Paper & Paperboard
8.1.5.    Others

8.2. Medical Packaging Market Size and Forecast, by Packaging Type (2023-2030)
8.2.1.    Primary
8.2.2.    Secondary
8.2.3.    Tertiary

8.3. Medical Packaging Market Size and Forecast, by Application (2023-2030)
8.3.1.    Pharmaceutical & biological
8.3.2.    Surgical & medical instruments
8.3.3.    In vitro diagnostic products
8.3.4.    Medical implants
8.3.5.    Others

8.4. North America Medical Packaging Market Size and Forecast, by Country (2023-2030)
8.4.1.    United States
8.4.2.    Canada
8.4.3.    Mexico

9.    Europe Medical Packaging Market Size and Forecast (by Value Units)
9.1. Europe Medical Packaging Market Size and Forecast, by Material (2023-2030)
9.1.1.    Plastic
9.1.2.    Metals
9.1.3.    Glass
9.1.4.    Paper & Paperboard
9.1.5.    Others

9.2. Medical Packaging Market Size and Forecast, by Packaging Type (2023-2030)
9.2.1.    Primary
9.2.2.    Secondary
9.2.3.    Tertiary

9.3. Medical Packaging Market Size and Forecast, by Application (2023-2030)
9.3.1.    Pharmaceutical & biological
9.3.2.    Surgical & medical instruments
9.3.3.    In vitro diagnostic products
9.3.4.    Medical implants
9.3.5.    Others

9.4. Europe Medical Packaging Market Size and Forecast, by Country (2023-2030)
9.4.1.    UK
9.4.2.    France
9.4.3.    Germany
9.4.4.    Italy
9.4.5.    Spain
9.4.6.    Sweden
9.4.7.    Russia 
9.4.8.    Rest of Europe

10.    Asia Pacific Medical Packaging Market Size and Forecast (by Value Units)
10.1. Asia Pacific Medical Packaging Market Size and Forecast, by Material (2023-2030)
10.1.1.    Plastic
10.1.2.    Metals
10.1.3.    Glass
10.1.4.    Paper & Paperboard
10.1.5.    Others

10.2. Medical Packaging Market Size and Forecast, by Packaging Type (2023-2030)
10.2.1.    Primary
10.2.2.    Secondary
10.2.3.    Tertiary

10.3. Medical Packaging Market Size and Forecast, by Application (2023-2030)
10.3.1.    Pharmaceutical & biological
10.3.2.    Surgical & medical instruments
10.3.3.    In vitro diagnostic products
10.3.4.    Medical implants
10.3.5.    Others

10.4. Asia Pacific Air Traffic Control (ATC) Communications Market Size and Forecast, by Country (2023-2030)
10.4.1.    China
10.4.2.    S Korea
10.4.3.    Japan
10.4.4.    India
10.4.5.    Australia
10.4.6.    Indonesia 
10.4.7.    Malaysia
10.4.8.    Vietnam
10.4.9.    Taiwan
10.4.10.    Bangladesh
10.4.11.    Pakistan
10.4.12.    Rest of Asia Pacific

11.    Middle East and Africa Medical Packaging Market Size and Forecast (by Value Units)
11.1. Middle East and Africa Medical Packaging Market Size and Forecast, by Material (2023-2030)
11.1.1.    Plastic
11.1.2.    Metals
11.1.3.    Glass
11.1.4.    Paper & Paperboard
11.1.5.    Others

11.2. Middle East and Africa Market Size and Forecast, by Packaging Type (2023-2030)
11.2.1.    Primary
11.2.2.    Secondary
11.2.3.    Tertiary

11.3. Medical Packaging Market Size and Forecast, by Application (2023-2030)
11.3.1.    Pharmaceutical & biological
11.3.2.    Surgical & medical instruments
11.3.3.    In vitro diagnostic products
11.3.4.    Medical implants
11.3.5.    Others

11.4. Middle East and Africa Medical Packaging Market Size and Forecast, by Country (2023-2030)
11.4.1.    South Africa
11.4.2.    GCC
11.4.3.    Egypt
11.4.4.    Nigeria
11.4.5.    Rest of ME&A

12.    South America Medical Packaging Market Size and Forecast (by Value Units)
12.1. South America Medical Packaging Market Size and Forecast, by Material (2023-2030)
12.1.1.    Plastic
12.1.2.    Metals
12.1.3.    Glass
12.1.4.    Paper & Paperboard
12.1.5.    Others

12.2. South America Market Size and Forecast, by Packaging Type (2023-2030)
12.2.1.    Primary
12.2.2.    Secondary
12.2.3.    Tertiary

12.3. Medical Packaging Market Size and Forecast, by Application (2023-2030)
12.3.1.    Pharmaceutical & biological
12.3.2.    Surgical & medical instruments
12.3.3.    In vitro diagnostic products
12.3.4.    Medical implants
12.3.5.    Others

12.4. South America Medical Packaging Market Size and Forecast, by Country (2023-2030)
12.4.1.    Brazil
12.4.2.    Argentina
12.4.3.    Rest of South America

13.    Company Profile: Key players
13.1. Amcor plc.
13.1.1.1.    Company Overview
13.1.1.2.    Financial Overview
13.1.1.3.    Business Portfolio
13.1.1.4.    SWOT Analysis
13.1.1.5.    Business Strategy 
13.1.1.6.    Recent Developments

13.2. Gerresheimer
13.3. Schott
13.4. WestRock
13.5. AptarGroup
13.6. Berry Global
13.7. Nipro
13.8. CCL Industries
13.9. West Pharmaceutical Services
13.10. International Paper
13.11. Comar
13.12. Oliver Healthcare Packaging
13.13. Sterimed
13.14. Hagilin
13.15. Inmark
13.16. Selenium Medical
13.17. Shandong Weigao Group Medical Polymer
13.18. Sopac Medical
13.19. TranscendPackaging
13.20. MP Global Products, LLC.
14.    Key Findings
15.    Industry Recommendation

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