Global Medical Packaging Market (2021 to 2025) - Featuring Amcor, Ardagh Group and Catalent Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Packaging Market - Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)" report has been added to ResearchAndMarkets.com's offering.

According to the research report, the global medical packaging market is expected to be worth US$113.68 Bn by 2025 from US$75.17 Bn in 2019. The market is expected to register a CAGR of 7.4% between the forecast years of 2021 and 2025.

The latest report indicates that the global medical packaging market is slated to witness a rise in the coming years. As COVID-19 continues to create havoc in the pharmaceutical industry, it will generate a high demand for the superior quality of medical packaging. Players in the global medical packaging market are increasing focus on manufacturing lightweight, efficient, and exceptionally durable packaging materials.

Companies Mentioned

• Amcor Plc
• Ardagh Group S.A.
• Becton, Dickinson and Company
• UDG Healthcare plc
• Berry Global Group, Inc
• Sealed Air Corporation
• Catalent, Inc.
• West Pharmaceutical Services Inc.
• Mondi Group Plc
• Gerresheimer AG
• Constantia Flexibles Group GmbH
• Nipro Corporation

Key Insights into Global Medical Packaging Market:

• Vials and syringe packaging companies ramp up capacities to adapt to COVID-19 challenges
• North America to represent an incremental opportunity of US$8.63 Bn by the end of 2025
• Plastic is estimated to account for around 3/5th of the global medical packaging market with projections to create highest incremental opportunity by the end of 2025
• In terms of volume, bottles are estimated to account for the largest market share of 34%, driven by economical price and wide usage

Medical packaging manufacturers are investing in research and development processes that can create sustainable solutions for the pharmaceutical industry.

The report finds that changing and growing medical needs will provide the global market with tremendous growth opportunity during the forecast period. The report's claim is substantiated by The Association for Packaging and Processing Technologies (PMMI), which indicates that medicine usage stood at 4.7 trillion doses in 2020 globally. This figure was up 25% from 2015, validating a growth indicator. Advancements in medical science to treat varied types of illness and manage various conditions are expected to bode well for the global medical packaging market. From specialty drugs to medical devices, the market is poised to deliver solutions for all purposes in compliance with ISO9000: Quality Management Standard and PSO9000: Pharmaceutical Packaging Materials Standard. According to the author, specialty drugs segment is expected to drive a 40% growth in the global medical packaging market.

The report states that the bottle segment will have a lion's share in the global medical packaging market at 32%. The convenience of storing chemicals in bottle form and their sustainability due to the use of recyclable material is expected to work in favour of this market segment. Bottles have been used to store pharmaceutical liquids historically. Usually made with glass, they offer excellent barrier properties. The use of bottle is also seen for storing tablets and capsules as glass remains non-reactive to extreme temperatures, making them an ideal choice for medical packaging solutions.

The medical packaging market is expected to thrive in Asia Pacific as the region has a huge population base, poor medical infrastructure, and thus wide gap between medical needs and unmet demand. As of 2019, the region held a 46% share in the global market. Keen interest by the Indian Government towards upgrading healthcare facilities and access is expected to give this regional market a definitive boost. For instance, the 2021 Union Budget 2021 allocated INR2.23 lakh crore towards healthcare and wellness initiatives. This is 137% up from the previous year.

Key Topics Covered:

1. Executive Summary

2. Market Overview

2.1. Market Definitions and Segmentations

2.2. Market Dynamics

2.2.1. Drivers

2.2.2. Restraints

2.2.3. Key Trends

2.3. Healthcare Sector Outlook

2.4. Value Chain Analysis

2.5. Economic Overview

2.6. Macro-economic Factors & Forecast Analysis

2.7. Covid-19 Impact Analysis

2.7.1. Effects on Packaging Industry

2.7.2. Heat Map, by Industry

2.8. Regulatory Analysis

3. Global Packaging Industry Outlook, 2020

3.1. Global Rigid Packaging Market Outlook, 2020

3.2. Global Flexible Packaging Market Growth Overview

4. Price Trends Analysis and Future Projects, 2017 - 2025

4.1. Price Trends Analysis and Future Projects, by Material, 2017 - 2025

5. Global Medical Packaging Market Outlook, 2017 - 2025

6. North America Medical Packaging Market Outlook, 2017 - 2025

7. Europe Medical Packaging Market Outlook, 2017 - 2025

8. Asia Pacific Medical Packaging Market Outlook, 2017 - 2025

9. Latin America Medical Packaging Market Outlook, 2017 - 2025

10. Middle East & Africa Medical Packaging Market Outlook, 2017 - 2025

11. Competitive Landscape

12. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/e96057