Plastic Healthcare Packaging Market Report 2024 (Global Edition)

Global Plastic Healthcare Packaging Market Report 2024 Market Size Split by Product Type (Vials, Pouches, Bottles Packaging, Others), by Material (Polyethylene, Polypropylene, Polyethylene Terephthala...

Plastic Healthcare Packaging Market Report Description

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Plastic Healthcare Packaging Market Insights Video

Competitive Landscape of the Plastic Healthcare Packaging Market

The market for plastic healthcare packaging is extremely competitive, with many national and international companies fighting for market dominance. The healthcare packaging industry is characterized by a blend of well-established international firms, nascent players emphasizing sustainability and innovation, and specialist companies. For instance, Amcor, a world leader in packaging solutions, provides a variety of plastic healthcare packaging goods, such as bottles, medical pouches, and blister packs. The business places a strong emphasis on sustainability, using reusable and recyclable packaging materials in particular.

October 2023: A Memorandum of Understanding (MOU) between SK Geo Centric and Amcor was recently released. The purpose of the MOU is to source advanced recycled material by utilizing pyrolysis oil derived from waste plastic. Vinyl and other plastic debris that is typically disposed of in landfills or burned is converted into pyrolysis oil. Products of the same caliber as those made from crude oil could be produced by using several post-processing procedures. (Source: https://skinnonews.com/global/archives/16131) May 2024: Expanding upon the earlier quick Development Center, Trelleborg Medical Solutions, an engineering firm that provides innovative solutions, announced the opening of its Innovation Center in Minnesota, US. This newly established single center for design, rapid prototyping, development, and serial manufacturing gives Trelleborg's global healthcare and medical clients the cost control and scalability of their solutions. (Source: https://www.trelleborg.com/en/medical/tools-and-media/news/capabilities-for-customers-through-its-innovation-center)

Top Companies Market Share in Plastic Healthcare Packaging Industry: (In no particular order of Rank)

• Bilcare Limited
• Gerresheimer AG
• Amcor Limited
• Schott AG
• Constantia Flexibles Group
• Alexander (James) Corporation
• Klockner Pentaplast Group
• Becton & Dickinson Company
• Clondalkin Group
• Berry Global
• Inc.
• Comar LLC
• Nipro Corporation
• Mondi Group plc
• Adelphi Healthcare Packaging
• Wipak Ltd
• Aptar Group
• Inc.
• West Rock Company
• West Pharmaceutical Services
• Inc.
• McKesson Corporation
• Novio Packaging
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Plastic Healthcare Packaging Market

Which Region Dominates the Plastic Healthcare Packaging Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's growing pharmaceutical industry and the rising prevalence of chronic disease. Moreover, the region's developed healthcare infrastructure and rising geriatric population are expected to flourish the market expansion over the projected period.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the plastic healthcare packaging market due to the region's rising healthcare expenditures, growing pharmaceutical production, and increasing prevalence of cardiovascular disease. Additionally, the region is a hub for plastic manufacturing and the existence of several players in the area. Furthermore, the adoption of advanced products in the region is also favoring the market growth.

The current report Scope analyzes Plastic Healthcare Packaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Plastic Healthcare Packaging Market

According to Cognitive Market Research, the global plastic healthcare packaging market size was estimated at USD 26548.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 10619.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the plastic healthcare packaging market with a market size of USD 8378.71 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The nation's growing prevalence of chronic disease.
• The Canada plastic healthcare packaging market had a market share of USD 1274.33 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's rising investment in pharmaceutical production.
• The Mexico plastic healthcare packaging market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 966.37 million in 2024.

Europe Plastic Healthcare Packaging Market

According to Cognitive Market Research, the global plastic healthcare packaging market size was estimated at USD 26548.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7964.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom plastic healthcare packaging market had a market share of USD 1338.04 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, plastic healthcare packaging sales witness an upswing due to the nation's rising demand for shielding pharmaceutical products.
• The France plastic healthcare packaging market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 732.74 million in 2024.
• According to Cognitive Market Research, the German plastic healthcare packaging market size was valued at USD 1576.98 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, plastic healthcare packaging surged due to the presence of major market players.
• The Italy plastic healthcare packaging market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 648.95 million in 2024.
• The Russia plastic healthcare packaging market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 1234.51 million in 2024.
• The Spain plastic healthcare packaging market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 653.09 million in 2024
• The Luxembourg plastic healthcare packaging market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 246.90 million in 2024.
• The Portugal plastic healthcare packaging market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 167.26 million in 2024.
• The Greece plastic healthcare packaging market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 95.57 million in 2024.
• Rest of Europe's plastic healthcare packaging market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1234.51 million in 2024.

Asia Pacific Plastic Healthcare Packaging Market

According to Cognitive Market Research, the global plastic healthcare packaging market size was estimated at USD 26548.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 6106.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China plastic healthcare packaging market size was valued at USD 2747.77 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Plastic Healthcare Packaging surged in China due availability of raw materials.
• The Japan plastic healthcare packaging market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 842.65 million in 2024.
• The India plastic healthcare packaging market had a market share of USD 732.74 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's supportive initiatives taken by the government.
• The South Korean plastic healthcare packaging market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 610.62 million in 2024.
• The Australian plastic healthcare packaging market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 317.52 million in 2024.
• The South East Asia plastic healthcare packaging market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 421.32 million in 2024.
• The Rest of Asia Pacific plastic healthcare packaging market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 433.54 million in 2024.

South America Plastic Healthcare Packaging Market

According to Cognitive Market Research, the global plastic healthcare packaging market size was estimated at USD 26548.5 Million, out of which the Latin America held the major market share of around 5% of the global revenue with a market size of USD 1327.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil plastic healthcare packaging market size was valued at USD 568.14 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Plastic healthcare packaging flourished in Brazil due to the rising prevalence of chronic disease.
• Argentina's plastic healthcare packaging market had a market share of USD 223.01 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia plastic healthcare packaging market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 118.14 million in 2024.
• Peru plastic healthcare packaging market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 108.85 million in 2024.
• Chile plastic healthcare packaging market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 95.57 million in 2024.
• The Rest of Latin America's plastic healthcare packaging market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 213.72 million in 2024.

Middle East and Africa Plastic Healthcare Packaging Market

According to Cognitive Market Research, the global plastic healthcare packaging market size was estimated at USD 26548.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 530.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries plastic healthcare packaging market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 227.26 million in 2024. plastic healthcare packaging sales flourish due to the presence of major market players.
• The Egypt plastic healthcare packaging market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 55.75 million in 2024.
• The South Africa plastic healthcare packaging market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 83.89 million in 2024. Plastic healthcare packaging sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey plastic healthcare packaging market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 45.66 million in 2024.
• The Nigeria plastic healthcare packaging market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 55.75 million in 2024.
• The Rest of MEA plastic healthcare packaging market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 62.65 million in 2024.

Plastic Healthcare Packaging Market Analysis

How are Segments Performing in the Global Plastic Healthcare Packaging Market?

Plastic Healthcare Packaging Market Product Type Segment Analysis

According to Cognitive Market Research, Vials stand out as the dominant category over the projected period. The need for plastic vials has increased dramatically due to the increased demand for vaccinations worldwide, especially in light of recent health disasters like the COVID-19 epidemic. Additionally, the demand for plastic vials that provide sterile and safe packaging is being driven by the rise in injectable pharmaceuticals. The need for premium plastic vials is also being fueled by the growth of the biopharmaceutical sector, which frequently needs specialized packaging for delicate biological items. The purpose of these vials is to keep biologics stable and effective, which will increase revenue even more.

Bottles Packaging emerges as the fastest-growing category in the plastic healthcare packaging market. The ageing population and growing incidence of chronic illnesses are driving up pharmaceutical usage, which in turn is driving up demand for plastic bottles. OTC goods like vitamins and supplements support the expansion of this packaging market. Furthermore, producing plastic bottles is typically less expensive than producing glass bottles, which attracts pharmaceutical businesses seeking to cut costs without sacrificing quality.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Plastic Healthcare Packaging Industry. Request a Free Sample PDF!

Plastic Healthcare Packaging Market Material Segment Analysis

According to Cognitive Market Research, the dominant category is polyethylene due to its cost-effective nature. Additionally, the demand for secure and reliable packaging materials like polyethylene is driven by the rise in pharmaceutical production worldwide and the growing requirement for medical equipment.

The fastest-growing category in the plastic healthcare packaging market is terephthalate. PET is highly appreciated in the healthcare industry because of its exceptional barrier qualities and clarity, which make it perfect for packaging that needs to be both visible and protected. Recycling PET is an enormous benefit, especially as environmental sustainability is becoming more and more important. PET is being used by healthcare organizations more frequently to lower their carbon footprint and achieve sustainability goals.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Plastic Healthcare Packaging Industry Segment Analysis

Plastic Healthcare Packaging Market Industry Segment Analysis

According to Cognitive Market Research, the dominant category is pharmaceutical packaging. The growing incidence of chronic illnesses, an ageing population, and rising healthcare costs are all contributing to the global pharmaceutical industry's expansion. Pharmaceutical packaging is in more demand as a direct result of this rise.

The fastest-growing category in the plastic healthcare packaging market is medical device packing due to the rising penetration of medical devices like BP machines, weight machines and others. This penetration level of devices is increasing owing to the rising prevalence of chronic disease. Furthermore, technological advancement in plastic packaging is added an advantage for the market expansion.

• Pharmaceutical Packaging
• Medical Device Packing

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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