December 4, 2021

Healthcare Packaging Market Records a CAGR of 6.49% by 2025|Increased Worldwide Consumption of Drugs to Boost Growth |17000+ Technavio Reports

NEW YEAR, Nov. 5, 2021 /PRNewswire/ — The healthcare packaging market is set to grow by USD  44.00 billion from 2020 to…

NEW YEAR, Nov. 5, 2021 /PRNewswire/ — The healthcare packaging market is set to grow by USD  44.00 billion from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 6.49%  as per the latest report by Technavio.

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The healthcare packaging market report covers the following areas:

The healthcare packaging market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The market is driven by increased worldwide consumption of drugs,  although factors such as the inefficient product labeling process may impede the market growth. 

The healthcare packaging market analysis includes analysis by product (bottles, blisters, vials, pouches, and others), packaging (primary packaging and secondary packaging), and geography (APAC, North America, Europe, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

 Some Companies Mentioned

  • 3M Co.
  • Amcor Plc
  • Baxter International Inc.
  • Becton Dickinson and Co.
  • DuPont de Nemours Inc.
  • Gerresheimer AG
  • SCHOTT AG
  • Sonoco Products Co.
  • West Pharmaceutical Services Inc.
  • WestRock Co.

Key Regions

37% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for healthcare packaging in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Related Reports:

Medical Device Packaging Market –The medical device packaging market has the potential to grow by USD 12.30 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.44%.Download a free sample now!

Medical Device Packaging Market in Europe –The medical device packaging market in Europe has the potential to grow by USD 3.68 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.87%.Download a free sample now!

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Healthcare Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.49%

Market growth 2021-2025

USD 44.00 billion

Market structure

Fragmented

YoY growth (%)

8.57

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Germany, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Amcor Plc, Baxter International Inc., Becton Dickinson and Co., DuPont de Nemours Inc., Gerresheimer AG, SCHOTT AG, Sonoco Products Co., West Pharmaceutical Services Inc., and WestRock Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio