Report ID: SQMIG15H2069
Report ID:
SQMIG15H2069 |
Region:
Global |
Published Date: November, 2024
Pages:
177
|
Tables:
125 |
Figures:
77
Healthcare Packaging Market size was valued at USD 145.91 Billion in 2023 and is poised to grow from USD 155.85 Billion in 2024 to USD 264 Billion by 2032, growing at a CAGR of 6.81% during the forecast period (2025-2032).
Growing emphasis on improving healthcare around the world is boosting the demand for healthcare products thereby favoring healthcare packaging market growth as well. Surging sales of medical devices and pharmaceuticals, imposition of strict packaging regulations for medical products, and advancements in packaging technologies are all expected to create new opportunities for healthcare packaging providers in the future. High sensitivity of drugs and pharmaceuticals to changes in environment also bolsters the demand for specialized packaging around the world. Rising investments in the research and development of novel packaging solutions especially designed for healthcare applications will also drive healthcare packaging demand. On the contrary, stringent regulations on packaging industry to conserve environment and high costs of advanced packaging solutions are also predicted to impede healthcare packaging market growth potential.
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Report ID: SQMIG15H2069