New York, July 06, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Healthcare Packaging Market Report 2023-2033" - https://www.reportlinker.com/p06472351/?utm_source=GNW
The Healthcare Packaging Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to understand the industry and its underlying dynamics better. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
The Healthcare Packaging Market is Being Transformed by Technological Advancements and Growing Preference Towards Self-medication
Technological innovation is pioneering a new era of patient convenience and compliance. Smart packaging, integrating features like dosage reminders, auto reordering, and digital companion apps, facilitates a personalized consumer experience. Near Field Communication (NFC) technology in packaging promotes user engagement by providing product information through smartphones. Active and Intelligent Packaging (AIP) technologies, including temperature-sensitive labels, ensure product safety, extend shelf life, and enhance convenience. In addressing industry challenges like counterfeit drugs, blockchain, IoT, and AI technologies are crucial. They enhance traceability and product authentication, safeguarding patient safety and market revenues. Automation and machine learning refine manufacturing processes, reducing errors, and boosting productivity.
Increasing health consciousness stimulates demand for over the counter (OTC) medications and wellness products. As societies grow more health-aware and information more accessible, consumers are shifting towards self-medication and preventative healthcare practices. Heightened health consciousness also demands clear, informative packaging, pushing innovation in design and the communication of product benefits.
Regulatory Hurdles and Environmental Concerns Likely to Challenge Industry Growth
Regulations in the healthcare packaging sector ensure product safety, quality, and efficacy but require substantial investment in time, effort, and financial resources, potentially stifling market growth. For instance, the EU’s Medical Device Regulation 2017/745 and the US FDA’s stringent guidelines necessitate extensive changes in packaging design, labelling, and traceability, increasing manufacturers’ costs. The disparity in regulatory standards across countries complicates the design and production process, potentially delaying product launches. Future regulations, particularly around environmental impact and sustainability might exacerbate these challenges as governments worldwide tighten rules around single-use plastics, recycling, and waste management.
Increasing environmental consciousness significantly challenges the traditionally plastic-reliant healthcare packaging industry. Public and regulatory pressure is driving a shift towards sustainable materials and designs, a transition that can be costly, technologically challenging, and potentially affect product price competitiveness. The need for recyclable, biodegradable, and bio-based packaging materials introduces new manufacturing technologies, increases costs, and may not meet stringent healthcare packaging safety and durability requirements. Furthermore, balancing environmental considerations with the essential protective function of packaging adds another layer of complexity. Consequently, this transition towards sustainable packaging influences market dynamics by challenging manufacturers to maintain competitive pricing while ensuring product protection, sterility, and user safety. While integral to the sector’s evolution, these restraints will likely influence future market development.
What Questions Should You Ask before Buying a Market Research Report?
• How is the healthcare packaging market evolving?
• What is driving and restraining the healthcare packaging market?
• How will each healthcare packaging submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
• How will the market shares for each healthcare packaging submarket develop from 2023 to 2033?
• What will be the main driver for the overall market from 2023 to 2033?
• Will leading healthcare packaging markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
• Who are the leading players and what are their prospects over the forecast period?
• What are the healthcare packaging projects for these leading companies?
• How will the industry evolve during the period between 2023 and 2033? What are the implications of healthcare packaging projects taking place now and over the next 10 years?
• Is there a greater need for product commercialisation to further scale the healthcare packaging market?
• Where is the healthcare packaging market heading and how can you ensure you are at the forefront of the market?
• What are the best investment options for new product and service lines?
• What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the healthcare packaging market today, and over the next 10 years:
• Our 309-page report provides 117 tables and 169 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them – NOW.
• It contains in-depth analysis of global, regional and national sales and growth.
• It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the healthcare packaging market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2033 and other analyses reveal commercial prospects
• In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising healthcare packaging prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.
Segments Covered in the Report
By Product
• Plastic and Polymers
• Paper and Paperboard
• Glass
• Aluminium Foil
• Others
By Application
• Pharmaceuticals
- Sterile
- Non-sterile
• Medical Devices
- Diagnostic
- Medical Equipment
- Implants
• Medical Supplies
- Gloves
- Surgical Gowns
- Syringes and Needles
- Surgical Tapes
- Others
• Others
By Application
• Bags and Pouches
• Trays
• Boxes and Folding Cartons
• Bottles and Jars
• Ampoules and Vials
• Others
Regional and Country level Market estimates:
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
MEA
• GCC
• South Africa
• Rest of MEA
The report also includes profiles and for some of the leading companies in the Healthcare packaging market, 2023 to 2033, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
• Amcor plc
• AptarGroup, Inc.
• Berry Global Inc.
• CCL Industries, Inc.
• COMAR, LLC
• Drug Plastics Group
• Gerresheimer AG
• International Paper
• Owens Illinois Inc.
• SGD Pharma
• Schott AG
• Vetter Pharma International
• West Pharmaceutical Services, Inc.
• WestRock Company
Overall world revenue for Healthcare Packaging Market, 2023 to 2033 in terms of value the market will surpass US$125 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Healthcare Packaging Market, 2023 to 2033 report help you?
In summary, our 300+ page report provides you with the following knowledge:
• Revenue forecasts to 2033 for healthcare packaging market, 2023 to 2033 Market, with forecasts for product and end-user, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2033 for five regional and 22 key national markets – See forecasts for the healthcare packaging market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market – including company profiles for 14 of the major companies involved in the Healthcare Packaging Market, 2023 to 2033.
Read the full report: https://www.reportlinker.com/p06472351/?utm_source=GNW
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