Innovation in healthcare packaging formats have been driven by the introduction of new technologies, which is expected to remain a key to the growth of the packaging industry in the near future. Numerous end-use industries are exploiting the growing presence of e-commerce platforms to meet their packaging needs. Healthcare packaging is essential for the secure and safe transport and storage of medical products. In addition, major concerns over the presence of counterfeit products in the market have resulted in increased efforts from the pharmaceutical industry to push capital into the global healthcare packaging industry including barcodes and RFID tags. These insights have been taken from a research report by MRH. This research report is titled as "Healthcare Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027." That has been added to the massive research repository of Market Research Hub (MRH).
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According to the report, the healthcare packaging market is expected to display a steady growth rate of ~5 per cent through 2027, driven by sales from key players in the international market including Klöckner Pentaplast Europe GmbH & Co. KG, Berry Global, Inc., Bemis Company, Inc., WestRock Company, Constantia Flexibles Group GmbH and Amcor Limited among others.
Regional players are working to push innovation in the market to stand out among the competition in a highly fragmented environment. For instance, DS Smith Plc launched a new range of polypropylene packaging for the pharmaceutical industry. The increasing volume of sales of medical supplies through e-commerce platforms are likely to push up the demand for stronger packaging materials in the industry. Despite increasing focus on sustainability initiatives in the industry, plastic will continue to be the material of preference for product packaging applications.
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Healthcare Packaging Market Insights- Report Overview
This report offers a clear picture of the global healthcare packaging market size (value, production, and consumption), and consists of the breakdown (forecast 2019 to 2027), by region, product type, and distribution channel.
This study also scrutinizes the status, market share, pervasive trends, growth rate, drivers, opportunities, and restraints. In addition, it also gives a brief idea about the entry barriers, key challenges, sales channels, associated risks, distributors, as well as insights from Porter's Five Forces Analysis.
The report consists of a study coverage of the product, i.e. ‘Healthcare Packaging’. The key segments of the industry have been methodically studied and analyzed. By product type, the healthcare packaging market has been segmented on the basis of materials, packaging formats, and end use applications. By distribution channel, the market has been segmented into online pharmacy, hospital pharmacy, and retail pharmacy.
The report begins with an executive summary, which describes the market size both in terms of revenue and production. Moreover, there is a detailed analysis of the competitive landscape that features profiles of major players operating in the market space. Moreover, it also talks about the key developments, areas of interest, strategic moves, and other crucial aspects related to the key players of the market.
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