Report Highlights
The global plastic healthcare packaging market was nearly 9.6 billion pounds in 2012 and slightly more than 10 billion pounds in 2013. It is expected to increase and reach more than 13 billion pounds by 2018, which corresponds to a 5.6% compound annual growth rate (CAGR).
Report Includes
- An overview of the market for plastics in the packaging of healthcare products, segmented by pharmaceutical and medical packaging.
- Analyses of market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Coverage of the most important economic, technological, regulatory, and environmental considerations in U.S. markets for the use of plastics to package healthcare products.
- Examination of the industry structure.
- Identification of the types of plastics used in healthcare packaging and the projected volumes for each.
Report Scope
This study covers many of the most important economic, technological, regulatory and environmental considerations in markets for the use of plastics to package healthcare products. This report is a global study of activities within the healthcare packaging market.
All market volume figures are rounded to the nearest million pounds. Growth rates are all compounded signified as compounded average annual growth rates or CAGRs. Growth rates are rounded to two significant figures such that 5.25% is recorded as 5.3%.
Some relatively minor resin materials and applications are grouped together in a miscellaneous category but are specifically noted.
There are also a wide variety of terms used almost interchangeably, which often makes it difficult to specifically segment several products used in healthcare packaging because, in many cases, they are multifunctional such as:
- Trays vs. kits.
- Pouches vs. bags.
- Closures vs. caps.
- Containers vs. bottles.
- Closures vs. lidding.
A final point is that there are often times when there is a need to review some preliminary but important background details in the detailed pharmaceutical and medical sections for those readers who purchase certain sections of the report rather than the complete report.
Analyst Credentials
Melvin Schlechter has thirty years of experience in the chemical industry, specializes in plastics market research and has been a BCC Research analyst for since 2006. Previously, Mr. Schlechter was the International Director of Chemical Reports for Frost & Sullivan. He also worked for the Union Carbide Company as a Senior Market Research Analyst, was a Senior Organic/Polymer Chemist for Stauffer Chemical Company and a Research Organic Chemist for Allied Signal Corporation. Mr. Schlechter holds a B.S. in Chemistry from Queens College, a Masters in Organic Chemistry from Virginia Tech, and an MBA from Adelphi University.
Report Highlights
- The U.S. plastic healthcare packaging market is estimated at 3.8 billion pounds in 2010 and is expected to increase to almost 5 billion pounds by 2015, a 5.6% compound annual growth rate (CAGR).
- Polypropylene is the largest sector at 987 million pounds in 2010. This sector is projected to increase at a compound annual growth rate (CAGR) of 6.3% to 1.3 billion pounds in 2015.
- The PVC market is estimated at 845 million pounds in 2010. By 2015, this sector will reach 1 billion pounds, a compound annual growth rate (CAGR) of 5%.
Report Highlights
-
The plastic healthcare packaging market in North America is estimated at 2.5 billion pounds for 2004 and is expected to increase to slightly more than 3.2 billion pounds by 2009, at an average annual growth rate (AAGR) of 5%.
-
Polypropylene represents nearly 28% of the market and will rise at an AAGR of 5.1% to 913 million pounds in 2009.
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PVC is, and will remain with the second highest share despite efforts to reduce its use. PVC still is regarded as a cost-effective and safe material by the industry.
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Bottles/vials, tubing/containers, syringes and kits are estimated to be the leading healthcare packaging applications, accounting for more than 83% of total plastic volume in 2004.
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