Analysis by Product (Vials & Ampoules, Bottles & Containers, Cartridges & Syringes, Caps & Closures, and Others); by Material Type (Glass, Polyethylene, Metal, Plastic, Paper & Paperboard, and Others); by Administration Mode (Dermal, Inhalable, Oral, Injectable, and Others); and by Application (Medical Devices & Equipment, In-Vitro Diagnostic Products, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
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The global healthcare packaging market is estimated to garner a revenue of USD 225 Billion by the end of 2035 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 125 Billion in the year 2022. The growth of the market can be attributed to the expanding pharmaceutical industries, growing online sales of healthcare products and pharmaceuticals, and rising spending on medications. It was observed that approximately USD 1.5 trillion was spent globally on pharmaceuticals in 2021, and this sum is estimated to rise sharply in the years to come. Additionally, there are developing medication and pharmaceutical dependencies as well as advancements in laboratory technologies which frequently require the export and import of various healthcare chemicals and equipment across the world. Hence, all these factors are anticipated to boost the market growth during the forecast period.
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In addition to this, the increasing penetration of online shopping trends, including online pharmacy shopping, is estimated to boost the need for healthcare packaging over the ensuing years. Online pharmacy orders are frequently transported from one location to another, necessitating suitable and robust packaging to guarantee that the quality of the medications or medical supplies is not compromised. It was noted that in 2021, around 3 million people in India used online pharmacy applications to order medicines. Furthermore, the growing awareness among the people regarding social distancing owing to the pandemic havoc and the rising number of people living in assisted living care facility centers who are generally more dependent on doorstep services are anticipated to propel the market growth over the forecast period.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~10% |
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Base Year Market Size (2022) |
~ USD 125 Billion |
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Forecast Year Market Size (2035) |
~ USD 225 Billion |
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Regional Scope |
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Growing Pharmaceutical Industry Across the Globe – In 2021, the worldwide pharmaceutical industry was estimated to generate approximately 1 trillion in revenue. The pharmaceutical industry includes research and development, distribution, quality control, and the use of pharmaceuticals and medical devices. Owing to the growing need for medical supplies and medications, the market is expected to develop over the projected timeframe.
Rising Inclination of the Global Population Toward Early Diagnosis – Early diagnosis is a crucial public health approach in all settings as it improves outcomes by giving care at the earliest feasible time. Hence, the market is estimated to grow on the back of the rising number of laboratories and imaging centers across the globe, backed by the increasing purchase of test equipment and medicinal drugs. The market for diagnostic imaging devices was predicted to reach USD 45 billion in 2022.
Expanding Packaging Industries – Growing packaging industries around the world, which provide pharmacy manufacturers with a variety of cutting-edge packaging solutions, are anticipated to propel market expansion. It was found that in the United States, the packaging market was estimated to be worth USD 184 billion in 2021 and is projected to grow to USD 218 billion by 2027.
Growing Demand for Modern Medical Equipment– Modern medical equipment has made it possible to diagnose illnesses or diseases at an early stage, and the increasing production and sales of these medical devices from one area of the world to another are predicted to boost market growth as packaging is crucial during shipping. For instance, in 2022, the revenue generated by orthopedic devices was anticipated to be around USD 45 billion.
Increasing Spending on Medicines – The market is expected to increase as a result of the rising sales of over-the-counter medications and medicines sold through online channels, where vendors guarantee to deliver medications to customers' doorsteps in reliable, high-quality packaging. It was noted that, globally around 1.5 trillion USD was spent on medicine in 2021.
The global healthcare packaging market is segmented and analyzed for demand and supply by material type into glass, polyethylene, metal, plastic, paper & paperboard, and others. Out of these, the polyethylene segment is predicted to attain the largest market share over the projected time period. Polyethylene is one of the modern era's toughest polymer varieties. It is inexpensive and very chemical resistant too; this indicates that it can withstand various environmental risks. These qualities make polyethylene packaging superior to other packaging materials in most circles, including healthcare packaging. Furthermore, the rising demand for polyethylene across the globe is predicted to drive segment growth during the forecast period. For instance, in 2019, the total demand for polyethylene was estimated to be around 50 million tons. In addition to this, polyethylene packaging is more compact and lightweight than alternatives, resulting in reduced weights for vehicles and airlines and hence, lower shipping costs. Thus, this factor is also anticipated to support segment expansion throughout the forecast period.
The global healthcare packaging market is also segmented and analyzed for demand and supply by administration mode into dermal, inhalable, oral, injectable, and others. Among these, the oral segment is predicted to hold a notable market share over the forecast period. Owing to benefits including ease of oral drug administration, patient preference, cost-effectiveness, and simplicity of producing oral dosage forms on a wide scale, the oral route of administration is the most popular method of drug administration. Additionally, oral medication does not reach the bloodstream directly and dissolves properly through different channels, making it more adaptive for the body, and decreasing the chances of a reaction or allergy. Hence, the inclination towards oral medication is increasing, which in turn is expected to support the segment’s expansion. Moreover, the rising sales and manufacturing of oral drugs across the world is predicted to drive the segment growth over the ensuing years. It was noted that orally administered pharmaceutical medicines make up around 85% of the top-selling medications, which are currently worth about USD 35.1 billion worldwide.
Our in-depth analysis of the global healthcare packaging market includes the following segments:
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By Product |
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By Material Type |
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By Administration Mode |
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By Application |
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The North American healthcare packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be ascribed to the expanding pharmaceutical sector, along with the rising healthcare expenditure in the region. Besides this, the growing consumption of medical packaging films for the distribution of medicinal drugs in the region is also estimated to further fuel the growth of the healthcare packaging market in the region. Furthermore, the growing dependency of people on medicines, and consumption of prescribed medical drugs, especially by old age people with chronic diseases or disabilities is predicted to propel the market growth in the region. For instance, around 65 percent of American adults, or more than 130 million people, consume prescription medicines, also age-related diseases and chronic illnesses are associated with higher utilization.
Additionally, the rising investment by the key market players in the region considering the boom in the demand for medicines and the increasing prevalence of chronic diseases in the USA and Canada are anticipated to propel the market growth in the region. For instance, recently on December 2022, one of the leading healthcare packaging company has declared to open a production facility in the USA. From three production facilities in Europe, Nelipak currently provides its market-leading assortment of healthcare flexible packaging products to clients all over the world. In order to meet the rising demand in the Americas region, Nelipak will replicate its current capabilities by opening a new flagship production site in America.
Toray Plastics (America), Inc.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Expanding pharmaceutical industry and the rising investment in the healthcare sector are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2035.
Ans: Lack of awareness regarding quality packaging and high initial cost are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Amcor Limited, Dunmore Corporation, Gerresheimer AG, CCL Industries Inc., DS Smith Plc, Winpak Ltd., Huhtamäki Oyj, Berry Global, Inc, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, material type, administration mode, application, and by region.
Ans: The polyethylene segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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