According to the latest report by IMARC Group, titled “Healthcare Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global healthcare packaging market was worth US$ 116.9 Billion in 2020. Healthcare packaging is widely utilized across the healthcare sector to offer protection to and display necessary details and information regarding a particular medical device or pharmaceutical product. These solutions are designed to uphold the integrity of the packaged product while adhering to the highest medical standards and guidelines. They play a pertinent role in safeguarding the product from physical as well as chemical damage by avoiding its exposure to light, oxygen, moisture and extreme temperature changes. Apart from this, these packaging solutions also ensure product stability during transportation and storage due to which they are widely employed in the healthcare and pharmaceutical industries.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Healthcare Packaging Market Trends:

The global market is primarily driven by significant growth in the healthcare sector. This can be attributed to the increasing prevalence of chronic lifestyle diseases and the rising geriatric population. Supported by the inflating disposable income levels, escalating healthcare spendings and the shifting lifestyle preferences of the masses, this is anticipated to facilitate the uptake of healthcare products, thereby providing an impetus to the market growth. The market is further driven by the implementation of numerous favorable initiatives undertaken by the governments of several countries to improve the overall healthcare infrastructure. They are continually investing in the sector to provide affordable services with improved results, which is creating a positive outlook for the market. Apart from this, multiple key players are engaging in research and development (R&D) activities to introduce innovative packaging solutions with better performance in the market. For instance, they have launched sterile barrier packaging solutions and eco-friendly packaging variants that employ lightweight materials for manufacturing, which are gaining widespread prominence among end users. On account of the aforementioned factors, the market is anticipated to witness moderate growth during 2021-2015.

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Market Summary:

• Based on the product type, the market has been divided into plastic bottles, caps and closures, blister packs, pre-fillable syringes, parenteral containers, pre-fillable inhalers, pouches, medication tubes and others. Plastic bottles currently represent the biggest segment.
• Based on the material type, the market has been classified into plastics and polymers; paper and paperboard; glass; aluminum foil; and others. Among these, plastics and polymers exhibit a clear dominance in the market.
• Based on the packaging type, the market has been bifurcated into primary packaging and secondary packaging, wherein primary packaging holds the largest market share.
• Based on the drug delivery mode, the market has been categorized into oral, injectable, dermal/topical, inhalable and others. At present, oral drug delivery accounts for the majority of the total market share.
• Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America currently holds the leading market position.
• Based on the product type, the market has been divided into trays, pouches, clamshell packs and others. Pouches currently represent the biggest segment.
• Based on the material, the market has been classified into plastic, paper, aluminium, tyvek and others. At present, plastic exhibits a clear dominance in the market.
• Based on the application, the market has been categorized into sterile packaging and non-sterile packaging, wherein sterile packaging accounts for the majority of the total market share.
• On the geographical front, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America currently holds the largest market position.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of key players.

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