Medical packaging refers to a process that uses appropriate materials or containers. It uses packaging technology to divide (fill), seal, pack, and label the semi-finished or finished products of pharmaceutical preparations to provide quality assurance, identification, trademarks, and instructions for drugs.
The global medical packaging market has the potential to grow by 5% CAGR in the forecast period from 2020-2027. The factors affecting the growth of the medical packaging market are strict requirements for safety and sterility. Medical packaging is particularly important as a barrier to ensure the cleanness and sterility of medical equipment.
Medical equipment and instruments are very vulnerable to damage. Aseptic packaging must protect medical devices from threats from the sterilization process, environmental pollution, physical damage, etc. Packaging ensures that professional medical personnel can quickly and easily open the package and use medical devices safely.
Moreover, medical packaging must not only meet basic functional requirements but also be part of the composition of medicines, which directly affects the safety of the clinical medication and the experience of patients. The requirements for pharmaceutical packaging will shift from pursuing production quality to emphasizing the control of raw and auxiliary materials and process management to meet the applicability of clinical medication and improve patient compliance with the drug.
Furthermore, the development of the global medical packaging market will maintain the continuous use of high-value packaging systems. Therefore, it is reflected in improving patient compliance with medication and reducing the risk of counterfeit and transferred drugs to eliminate the risk of errors in drug distribution. Also, to provide support for health care institutions to increase anti-infection standards and provide tools to distinguish them from other generic drugs.
The rising geriatric population has emerged the demand for increasing healthcare facilities and pharmaceutical industry, producing drugs to increase the life expectancy of the patient. Therefore, the safe packaging of medicine is one of the essential requirements to provide safe medication to patients. Thus, stringent government rules regarding the packaging of medicine have improved the market demand for the global medical packaging market.
The emerging plastic waste and pollution level is the primary cause of rising diseases. To minimize the use of plastic and other material in medicine packaging helps in keeping the environment safe as well as the health of the people. Therefore, emerging non-biodegradable and recycling equipment in medical packaging is fueling the market share of the global medical packaging market.
Based on the packaging type, the global medical packaging market segmented into Bags & Pouches, Flow Wraps, Stick Packs, Trays, Clamshell Blister Packs, Boxes, Cartons, and Containers. The cartons segment accounted for the largest share of the market expected to grow at an emerging rate during the forecast period from 2020-2027. It is mainly owing to the properties and features of cartons, such as making the product easier to stacked, stored, and presented. Moreover, cartons can be easily recycled, non-toxic, and reusable and can easily break down for recycling. Also, cartons have sufficient space that allows them to carry a considerable amount of medicines and provide safe packaging.
Based on the Material type, the global medical packaging market classified as PE, PET, PP, PS, PVC, Aluminum, Glass, Paper Laminates, Fabric, and Others. The PVC segment has the largest market share in the global medical packaging market. It mainly owes to the properties of PVC, which provide safety, chemical stability, clarity, and transparency of the medicine. Also, PVC has low cost and has resistance to chemical stress cracking; thus, it improves its flexibility, durability, and dependability. Moreover, aluminum is also capturing the more extensive market as it has a high level of corrosion resistance property and also offers an impermeable metal barrier to light. Aluminum also protects the medicine packaging from reacting to harmful UV-rays and has an excellent barrier to water vapors, oxygen and microorganism, and oils and fats.
Based on the End-user, the global medical packaging market segmented into Pharmaceuticals, Medical Devices, and Hospitals. The Pharmaceuticals segment accounts for the largest share in the forecast period from 2020-2027 in the global medical packaging market. The emerging demand for the healthcare industry, rising chronic diseases has increased the supply of medicines and, thus, improves the market demand for medicine packaging. Moreover, a growing number of hospitals and emerging health expenditure will bolster the market share for the global medical packaging market.
Based on geography, the global medical packaging market size segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific expected to hold the largest share of the global medical packaging market. It is mainly owing to the rising population and increasing cases of chronic diseases. Also, increasing government initiatives for making stringent rules to supply safe medical packaging is fueling the market demand for the global medical packaging market.
Companies such as Alpha Packaging, Amcor Limited, Becton Dickinson and Company, Bemis Company, Inc., Gerresheimer AG, E. I. du Pont de Nemours and Company., Mondi Group, Schott AG, West Rock Company, Winpak Ltd, and others key players in the global medical packaging market.
By Packaging Type
By Material Type