Us Medical Secondary Packaging Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Medical Secondary Packaging Market was valued at USD 24.5 Billion in 2022 and is projected to reach USD 38.2 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The U.S. medical secondary packaging market is experiencing significant growth, driven by the increasing demand for medical devices and pharmaceuticals. In 2023, the market was valued at approximately $12.4 billion and is projected to reach around $20.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.1%. citeturn0search2 Secondary packaging plays a crucial role in safeguarding medical products during storage and transportation. It provides an additional layer of protection, ensuring that products remain intact and sterile until they reach healthcare providers or patients. This is particularly vital for medical devices and pharmaceuticals, where product integrity is paramount. The market is characterized by a diverse range of packaging materials, including paper and paperboard, plastics, and various packaging formats such as boxes, folding cartons, bags and pouches, trays, inserts and dividers, and wrapping films. The choice of material and format depends on the specific requirements of the medical product, including considerations for sterility, durability, and ease of handling. The pharmaceutical sector is the dominant application segment within the medical secondary packaging market. The growing prevalence of chronic diseases and an aging population are contributing to the increased demand for pharmaceutical products, thereby driving the need for effective packaging solutions. Medical device packaging is also a significant segment, with advancements in device complexity necessitating specialized packaging to maintain product functionality and safety. Sustainability is becoming an increasingly important consideration in the medical packaging industry. There is a growing emphasis on developing eco-friendly packaging solutions to reduce environmental impact. This includes the use of recyclable materials and the reduction of single-use plastics, aligning with broader environmental goals and responding to regulatory pressures. In recent developments, Amcor, a leading packaging company, announced an agreement to acquire Berry Global for $8.43 billion in an all-stock deal. This merger aims to create a dominant player in consumer and healthcare packaging markets, with combined revenues of $24 billion. The deal is expected to close by mid-2025 and is anticipated to generate significant synergies, enhancing the companies' capabilities in the medical packaging sector. citeturn0news12 Overall, the U.S. medical secondary packaging market is poised for continued growth, driven by the expanding healthcare sector, technological advancements, and a heightened focus on sustainability. Companies operating in this space are expected to innovate and adapt to meet the evolving needs of the medical industry.
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Sonoco Products Company
Smurfit Kappa
Berry Global Group
Inc.
Constantia Flexibles Group GmbH
UFP Technologies
Placon Incorporated
Steripack Group
Nelipak Group
Stora Enso Oyj
Winpak Ltd
Graphic Packaging International
LLC
Atlantic Packaging
Pro-tech Design & Manufacturing Inc.
Scan Modul B.V.
Körber AG
The BoxMaker
Amcor Plc
Berry Global
Inc.
WestRock Company
Becton Dickinson and Company
DS Smith Plc
Mondi Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Secondary Packaging Market
Blister Packs
Labels
Bottles
Cartons
Tubes
Plastic
Glass
Metal
Paper and Paperboard
Composite Materials
Pharmaceutical Companies
Biotechnology Firms
Contract Packaging Organizations (CPOs)
Healthcare Providers
Prescription Medications
Over-the-Counter Drugs
Vaccines
Medical Devices
Nutraceuticals
Shelf Life Extension
Safety and Security
Dosage Control
Product Information and Education
Branding and Marketing
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Secondary Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Secondary Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Secondary Packaging Market, By Type
6. Global Medical Secondary Packaging Market, By Application
7. Global Medical Secondary Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medical Secondary Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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