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Ongoing COVID-19 Crisis to Drive Healthcare Packaging Market to Serve High Volumes of Medical Supplies, Market Valuation to Reach US$ 155 Bn by 2029 - TMR Insights

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News provided by

Transparency Market Research

09 Aug, 2021, 14:30 GMT

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- Adoption of cutting-edge technology for secure end-to-end supply chains and to facilitate delivery mechanisms expanding healthcare packaging market landscape

- Manufacturers counter restraints of economic growth by strictly adhering to regulatory compliance and collaborating with physicians for better patient support for administering treatment

ALBANY, N.Y., Aug. 9, 2021 /PRNewswire/ -- Healthcare Packaging Market: Overview

The packaging of medical devices and pharmaceuticals has to meet strict regulations. Thus, healthcare packaging companies strive to adhere to all the guidelines, and offer unique and user-friendly packaging.

Meanwhile, amid the ongoing COVID-19 crisis, massive vaccination programs are triggering the demand to develop rapid-response packaging solutions. Manufacturers in the healthcare packaging market are working at break-neck speeds to amplify the production of tubs, trays, lids, and inserts that aid in the distribution of coronavirus testing and vaccine kits. The safe and fast transport of medical supplies without damage are also critical for healthcare packaging manufacturers.

Moreover, efforts to accelerate the manufacturing of COVID-19 vaccine vials is a key objective of manufacturers in the healthcare packaging market.

Furthermore, growth of the pharmaceutical industry and high demand for medical supplies and drugs are likely to create a positive impact on the healthcare packaging market, which is projected expand at a CAGR of 5.1% from 2021 -2029.

Download PDF Brochure for Detailed Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=63018

Healthcare Packaging Market – Key Findings of Report

Continued Packaging Innovations, R&D for Child-resistant Packaging to Spur Growth

Despite disruptions in several business aspects related to COVID-19, companies in the healthcare packaging market are striving for packaging innovations. The R&D activities for child-resistant and senior-friendly packaging solutions that are currently commonly not available is the prime focus of manufacturers to gain a competitive edge in the healthcare packaging market. The increased availability of on-the-go easy-to-use and anti-counterfeiting solutions to improve the functionality of packaging is also a key factor for product manufacturers.

In addition, companies in the healthcare packaging market are also engaged in customizable shapes and designs of thermoformed packaging, which is gaining acceptance as a cost-effective pharmaceutical packaging solution.

Ask for Special Discount on this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=63018 

Improved Product Performance, Ability to Withstand Shock Focus of Product Manufacturers

The high demand for packaging of medical supplies and pharmaceutical products is one the key aspects supporting the growth of the healthcare packaging market. In order to strengthen the demand, protection of contents from shock, puncture, temperature fluctuations, and bursting is a key area of concern for the stakeholders in the healthcare packaging market. Such innovations in packaging will allow the products to withstand the impact of shipping, transportation, and handling during the entire dispatch cycle.

Furthermore, the increasing availability of packaging designs that enable better patient compliance for a line of treatment, and ultimately improving medical outcomes are significant growth indicators in the healthcare packaging market. Prior to this, to attain such goals, practices of intense regulatory scrutiny and material usage requirements that govern the healthcare packaging sector were established.

In addition, more convenient, easy to use disposable packaging solutions are being introduced in the healthcare packaging market. This has emphasized in the shift in focus on smart and sustainable packaging, which, in turn, minimizes waste and helps establish a circular economy.

Buy Research Report on Healthcare Packaging Market at https://www.transparencymarketresearch.com/checkout.php?rep_id=63018&ltype=S 

Emergence of Track & Trace Technology Enables Healthcare Institutions to Monitor Distribution Loopholes

Consistent technological advancements and innovations in packaging of biologics and diagnostic products in the healthcare sector are driving the need of reliable packaging solutions for these highly priced products. These packaging solutions involve novel materials, upgraded delivery mechanisms, and technology driven solutions.

Meanwhile, for administrators of healthcare institutions, secure end-to-end supply chains are imperative right from ordering to distribution and prescription management. Thus, technology-driven packaging solutions extend confidence to healthcare administrators against manufacturing and distribution risks. Such practices are favorable for the healthcare packaging market.

Healthcare Packaging Market – Growth Drivers

  • High susceptibility of geriatric population and individuals aged 65 years & above to medical conditions is fueling the growth of the healthcare packaging market
  • Consistent innovations coupled with adoption of technology for secure end-to-end supply chains expands growth avenues for the healthcare packaging market

Healthcare Packaging Market – Key Players

Some of the top players having presence in the healthcare packaging market are:

  • Honeywell International
  • Westrock Company
  • Berry Global Inc.
  • 3M Company
  • Ball Corporation
  • Mondi Group

Global Healthcare Packaging Market Structure

Healthcare Packaging Market by Packaging Format

  • Flexible Packaging
    • Bags & Pouches
    • Envelopes
    • Tubes
    • Sachets
  • Rigid Packaging
    • Trays
    • Boxes & Folding Cartons
    • Clamshells
    • Blisters
    • Bottles & Jars
    • Containers
    • Aerosol Cans
    • Ampoules & Vials

Healthcare Packaging Market by Material Type

  • Plastic
    • Polyethylene
      • HDPE
      • LDPE
      • LLDPE
    • Polypropylene
    • PET
    • Polystyrene
    • Polyvinyl Chloride
    • Polyamide/EVOH
    • Polyurethanes
    • Other Plastics
  • Metal
    • Aluminum
    • Tin
  • Glass
  • Paper & Paper Board

Healthcare Packaging Market by End Use

  • Pharma & Biological
  • Medical Supply
    • Gloves
    • Scissors
    • Syringe & needles
    • Surgical Tapes
    • Others
  • Medical Equipment
    • Surgical
    • Therapeutic
    • Diagnostic

Healthcare Packaging Market by Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

Browse through Transparency Market Research Coverage of the Global Packaging Industry for Current Trends and Shifts

  • Pharmaceutical Glass Ampoules Market - https://www.transparencymarketresearch.com/pharmaceutical-glass-ampoules-market.html
  • Nasal Spray Packaging Market - https://www.transparencymarketresearch.com/north-america-nasal-spray-packaging-market.html
  • Clinical Trial Packaging Market - https://www.transparencymarketresearch.com/clinical-trial-packaging-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
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Press Release Source: https://www.transparencymarketresearch.com/pressrelease/healthcare-packaging-market.htm

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