Medical Packaging Market Overview and Growth by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Medical Packaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material: Polymer, Foam, Molded-Fiber, Non-woven Fabric, Plastic, Films, Paper & Paperboard, and Others), Type (Containers, Pouches, Trays, Blister Packets, Vials, and Others), Application (Medical devices, Pharmaceutical and Biotechnology, Medical Equipment & Tools, and Others) and Geography

  • Report Date : Jun 2021
  • Report Code : TIPRE00005546
  • Category : Chemicals and Materials
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 195

The medical packaging market is projected to reach US$ 169,183.91 million by 2028 from US$ 109,238.35 million in 2021; it is expected to grow at a CAGR of 6.4% from 2021 to 2028.

Medical packaging is essential in sustaining product quality and encouraging safe and effective use. Packaging is done for the safety of medical products for storage, distribution, sale, and use. The material used for packaging is a sterile barrier system that safeguards the drugs, equipment, and other medical products. Also, the medical packaging requires a high quality of sterility to ensure that the product is free from contamination. These medical packaging systems increase patient safety and enhance packaging performance. Factors such as increased emphasis on convenience and environmental issues and rise in demand for counterfeit prevention mechanisms are driving the medical packaging market. However, fluctuations in prices of raw materials are expected to restrict the market growth to a certain extent during the forecast period.

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Medical Packaging Market: Strategic Insights

medical-packaging-market
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Market Insights

Rise in Demand for Counterfeit Prevention Mechanisms

Counterfeit medical products have been detected in most member states and all regions. Examples involved widely-used medicines such as atorvastatin or paracetamol; limited-use medicines such as growth hormone, paclitaxel, and filgastrim; and other kind of drugs such as sildenafil and tadalafil, as well as medical devices such as contact lenses, condoms, surgical mesh, and strips used by diabetic patients to monitor their blood glucose concentrations. Counterfeiting has affected both expensive and cheap products and generic and branded ones. Counterfeit products appear in community pharmacies, hospitals, and other less-regulated settings.

It is often assumed that high-income countries with solid regulatory systems can effectively exclude substandard and falsified medical products from their markets. However, the World Health Organization (WHO) analysis shows that this is not necessarily the case, as reports on these products have been submitted by countries in Western Europe and North America as well as other high-income settings. For example, a recent UK survey, carried out by Sapio Research and commissioned by a private company INCOPRO, concludes that almost one-third (32%) of those who have bought one or more counterfeit medicines have suffered a health issue as a result (INCOPRO, 2020). Numerous other documented cases in which patients have died or suffered harm due to an online purchase. As just one example, in 2013, people died after taking a counterfeit diet pill bought through an online drug seller. The pill, sold as a weight loss aid through many illicit online pharmacies, was actually a pesticide with lethal consequences for humans.


The threat that counterfeit medicines pose to the global pharmaceutical sector is immense. From fake formulations to issues in the manufacturing process, some industry figures believe we could be looking at revenue losses up to EUR 27 billion in Europe alone. The International Hologram Manufacturers Association (IHMA) is a good source of expertise in this field and highlights an industry report that indicates continued growth for anti-counterfeiting packaging technologies. According to the IHMA, the “Anti-counterfeiting, Authentication and Verification Technologies” report signals the added expertise holography brings to the authentication of packaging products. Technological innovation within the anti-counterfeiting, authentication, and verification technologies is a significant factor contributing to the market's growth.

The increasing demand for anti-counterfeiting techniques to protect the interests of patients has further strengthened the medical packaging's growth.

Type-Based Insights

Based on type, the medical packaging market is categorized into containers, pouches, trays, blister packets, vials, and others. In 2021, the containers segment held the largest share of the market, by type. The blister packets segment is estimated to grow at significant CAGR during the forecast period due to increasing product developments and product launches.

Material-Based Insights

Based on material, the medical packaging market has been segmented into polymer, foam, molded-fiber, non-woven fabric, films, paper & paperboard, and others. In 2021, the polymer segment held the largest share of the market, by material. Also, similar segment is expected to grow at the fastest rate during the coming years.

Application-Based Insights

Based on application, the medical packaging market has been segmented into medical devices, pharmaceutical and biotechnology, medical equipment & tools, and others. In 2021, the pharmaceutical and biotechnology segment held the largest share of the market. The same segment is estimated to grow at a significant CAGR during the forecast period due to the growing production of pharmaceutical and biotechnology product in the global markets because of the increasing prevalence of chronic diseases.

Various companies operating in the medical packaging market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.

Medical Packaging Market Regional Insights

The regional trends and factors influencing the Medical Packaging Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Medical Packaging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

medical-packaging-market-global-geography
  • Get the Regional Specific Data for Medical Packaging Market

Medical Packaging Market Report Scope

Report Attribute Details
Market size in 2021 US$ 109.24 Billion
Market Size by 2028 US$ 169.18 Billion
Global CAGR (2021 - 2028) 6.4%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Material
  • Polymer
  • Foam
  • Molded-Fiber
  • Non-woven Fabric
  • Plastic
  • Films
  • Paper & Paperboard
By Type
  • Containers
  • Pouches
  • Trays
  • Blister Packets
  • Vials
By Application
  • Medical devices
  • Pharmaceutical and Biotechnology
  • Medical Equipment & Tools
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Amcor plc
  • DuPont de Nemours, Inc.
  • Mitsubishi Chemical Corporation
  • SGD Pharma
  • 3M
  • West Pharmaceutical Services, Inc
  • Avery Dennison Corporation
  • Sonoco Products Company
  • CCL Industries Inc.

  • Medical Packaging Market Players Density: Understanding Its Impact on Business Dynamics

    The Medical Packaging Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Medical Packaging Market are:

    1. Amcor plc
    2. DuPont de Nemours, Inc.
    3. Mitsubishi Chemical Corporation
    4. SGD Pharma
    5. 3M

    Disclaimer: The companies listed above are not ranked in any particular order.


    medical-packaging-market-cagr

    • Get the Medical Packaging Market top key players overview

     

    Medical Packaging Market – by Type

    • Containers
    • Pouches
    • Trays
    • Blister Packets
    • Vials
    • Others

    Medical Packaging Market – by Material

    • Polymer
    • Foam
    • Molded-Fiber
    • Non-Woven Fabric
    • Films
    • Paper & Paperboard
    • Others

    Medical Packaging Market – by Application

    • Medical Devices
    • Pharmaceutical and Biotechnology
    • Medical Equipment & Tools
    • Others

    Medical Packaging Market – by Geography

    • North America

      • US
      • Canada
      • Mexico
    • Europe

      • France
      • Germany
      • Italy
      • UK
      • Spain
      • Rest of Europe
    • Asia Pacific (APAC)

      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of Asia Pacific
    • Middle East & Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East & Africa
    • South America (SAM)

      • Brazil
      • Argentina
      • Rest of South and Central America

    Company Profiles

    • Amcor plc    
    • DuPont de Nemours, Inc.            
    • Mitsubishi Chemical Corporation   
    • SGD Pharma          
    • 3M    
    • West Pharmaceutical Services, Inc  
    • Avery Dennison Corporation        
    • Sonoco Products Company          
    • CCL Industries Inc.          
    • WestRock Company

    Frequently Asked Questions

    What are the driving factors for the medical packaging market across the globe?

    Key factors that are driving the growth of this market include increased emphasis on convenience and environmental issues, rise in demand for counterfeit prevention mechanisms drive the growth of the medical packaging market.

    What is the regional market scenario of medical packaging?

    Global medical packaging market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the U.S. is the largest market for medical packaging. The US is estimated to hold the largest share in the medical packaging market during the forecast period. The projected growth of the medical packaging market in the US is attributed to the rise in demand for counterfeit prevention mechanisms, increased emphasis on convenience and environmental issues. The Asia Pacific region is expected to account for the fastest growth in the medical packaging market. Rapid development of healthcare infrastructure along with pharmaceutical production hub is expected to impact the growth of the market in the region.

    What is medical packaging?

    Medical packaging is essential in sustaining product quality and encourage safe and effective use. Packaging is done for the safety of medical products for storage, distribution, sale, and use. The material used for packaging is sterile barrier systems that safeguard the drugs, equipment, and other medical products. Also, the medical packaging requires a high quality of sterility to ensure that the product is free from contamination. These medical packaging systems increase patient safety and enhance packaging performance.

    Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies - Medical Packaging Market

    1. Amcor plc       
    2. DuPont de Nemours, Inc.          
    3. Mitsubishi Chemical Corporation   
    4. SGD Pharma                  
    5. 3M     
    6. West Pharmaceutical Services, Inc  
    7. Avery Dennison Corporation    
    8. Sonoco Products Company       
    9. CCL Industries Inc.       
    10. WestRock Company
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