Plastic healthcare packaging is a method utilized for packing of devices, drugs, and other pharmaceutical and medical device products. It is done to keep healthcare products safe against possible biological contamination, material damage, and unwanted external influences. Plastic packaging for sterile products is made from, polyethylene, high-density polystyrene, polypropylene or polyvinyl chloride which is further impermeabilized by gas. Several codes, such as the quality management standard (ISO9000) and the pharmaceutical packaging materials standard (PSO9000) , are used to ensure the quality of the packaging material. The healthcare products are packed by various levels of packaging such as primary packing, secondary packing and tertiary packing.
MARKET SCOPE
The "Global Plastic Healthcare Packaging Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plastic healthcare packaging market with detailed market segmentation by industry, material, type of drug delivery and end use. The report provides key statistics on the market status of the leading plastic healthcare packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on industry the market is segmented as, medical device and pharmaceutical.
- Based on material the market is segmented as, plastic, glass, paperboard.
- Based on type of drug delivery the market is segmented as, pulmonary, oral, transdermal, injectable, nasal, topical, ocular.
- Based on end use the market is segmented as, blister packs, plastic bottles, pre filled syringe, others.
MARKET DYNAMICS
Drivers:
- Increasing demand for plastic packaging in healthcare and pharmaceutical industry.
- Growing awareness among individuals for benefits of packaged heathcare products.
- Growing significance of plastic packaging for protecting medicaments and product from possible chances of contamination.
Restraints:
- Whereas, stringent regulatory framework for safe use of plastic as a packaging material is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The plastic healthcare packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plastic healthcare packaging market in these regions.
IMPACT OF COVID-19 ON PLASTIC HEALTHCARE PACKAGING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the plastic healthcare packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from plastic healthcare packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for plastic healthcare packaging in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plastic healthcare packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Tekni-Plex
- Sealed Air
- Drug Plastics Group
- Aphena Pharma Solutions
- Vetter Pharma
- Beacon Converters Inc
- Nipro Europe Group Companies
- Constantia Flexibles
- Winpak Ltd
- Almac Group