Press Releases

Healthcare Packaging Market Share Insights from Asia-Pacific and North America

Healthcare Packaging Market Share in Asia-Pacific Region

The Asia-Pacific region is at the forefront of the healthcare packaging market, with its diverse populations recognizing the importance of personalized healthcare for timely interventions and disease prevention.

Asia-Pacific Healthcare Packaging Market Overview

Asia-Pacific healthcare packaging market is the largest globally due to its diverse population and growing emphasis on personalized healthcare. Governments in the region are focusing on improving healthcare infrastructure and implementing strategic plans for long-term health initiatives.

China’s Healthcare Infrastructure Development

The Chinese government has made significant investments in developing its healthcare infrastructure as part of its “Healthy China 2030” master plan. By 2030, the healthcare market in China is projected to reach a size of $2.3 trillion. This initiative aims to enhance healthcare accessibility and quality for its vast population.

India’s Role in Pharmaceutical Exports

India, with its growing economy and focus on lifestyle diseases, is emerging as a key player in the pharmaceutical industry. The shift from communicable diseases to lifestyle-related ailments has propelled India’s pharmaceutical exports. The country’s healthcare sector offers cost-effective solutions, attracting investments and driving growth in healthcare packaging.

Amcor’s Expansion in Asia-Pacific

In February 2024, Amcor, a global leader in responsible packaging, acquired Shanghai-based MDK, a major supplier of medical device packaging in China. This acquisition highlights the growing demand for advanced healthcare packaging solutions in the Asia-Pacific region.

North America’s Healthcare Packaging Market

North America is experiencing rapid growth in the healthcare packaging market, driven by increasing awareness of hygiene and the expansion of the healthcare sector.

Healthcare Spending in the U.S.

The United States leads in healthcare spending, with top companies investing in innovative packaging solutions. High-income nations like the U.S. spend significantly more per capita on healthcare, driving demand for advanced packaging technologies to ensure product safety and efficacy.

Top Healthcare Companies in the U.S.

Leading healthcare companies in the U.S., such as CVS Health Corp., UnitedHealth Group Inc., and McKesson Corp., are investing in advanced packaging solutions to meet the growing demand for healthcare products.

Initiatives for Sustainable Packaging

While there is no mandatory federal legislation for recycled content in medical device packaging in North America, industry associations are pledging to enhance sustainability. Efforts by organizations like the American Chemistry Council and the Canadian Plastics Industry aim to promote the reuse and recycling of plastic packaging by 2040.

Resource Label Group’s Expansion

In February 2024, Resource Label Group (RLG) launched RLG Healthcare, a specialty division focusing on pharmaceutical and healthcare packaging solutions. This initiative reflects the growing demand for specialized packaging in North America.

The healthcare packaging market in the Asia-Pacific region and North America is witnessing significant growth driven by factors such as government initiatives, rising healthcare expenditure, and technological advancements. With increasing demand for innovative and sustainable packaging solutions, companies are investing in expanding their operations to meet the evolving needs of the healthcare industry.

FAQs

  • What is the size of the healthcare packaging market in the Asia-Pacific region?
    • The healthcare packaging market in the Asia-Pacific region is the largest globally, with a projected size of $2.3 trillion by 2030.
  • What initiatives has the Chinese government undertaken to improve healthcare infrastructure?
    • The Chinese government has implemented the “Healthy China 2030” master plan, focusing on enhancing healthcare accessibility and quality.
  • Why is India emerging as a key player in the pharmaceutical industry?
    • India’s focus on lifestyle diseases and cost-effective healthcare solutions has propelled its growth in the pharmaceutical sector.
  • What are some of the top healthcare companies in the U.S.?
    • CVS Health Corp., UnitedHealth Group Inc., and McKesson Corp. are among the top healthcare companies in the U.S.
  • What efforts are being made to promote sustainable packaging in North America?
    • Industry associations like the American Chemistry Council and the Canadian Plastics Industry are pledging to enhance sustainability in packaging by 2040.
  • What recent initiatives reflect the expansion of healthcare packaging companies in the Asia-Pacific and North America regions?
    • Amcor’s acquisition of MDK in China and Resource Label Group’s launch of RLG Healthcare in North America are examples of recent expansions in healthcare packaging.

Download White Paper: https://www.towardspackaging.com/personalized-scope/5181

Own your copy of our reach study and stay informed: https://www.towardspackaging.com/price/5181

Get the latest insights on packaging industry segmentation with our Annual Membership. Subscribe now for access to detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead in the dynamic packaging sector with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities: Subscribe to Annual Membership

If you have any questions, please feel free to contact us at sales@towardspackaging.com

About Us

Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.

Browse our Brand-New Journal:

https://www.towardshealthcare.com

https://www.towardsautomotive.com

For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/

Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/

Scrutinize More:

Elodie Blanc

Meet Elodie Blanc, an esteemed authority in the packaging industry with over a decade of experience spanning various sectors. With a background in Industrial Design, she blends creativity with technical prowess to drive innovation. Elodie's expertise encompasses sustainability, digital integration, and emerging trends like smart packaging. She's renowned for spearheading eco-friendly initiatives, advocating for recyclable and biodegradable materials. Beyond her hands-on work, Élodie contributes to Packaging Web Wire, a premier online platform under Towards Packaging - Business Consulting Service. Her insightful articles and speeches at industry events solidify her status as a thought leader. Recognized for her contributions, Elodie continues to shape the future of packaging, prioritizing functionality, aesthetics, and sustainability. With her leadership, the industry evolves towards a more responsible and innovative future.

Recent Posts

Pharmaceutical and Chemical Aluminum Bottles and Cans Market Forecast (2024-2034)

Global Market Growth and Trends in Pharmaceutical and Chemical Aluminum Bottles and Cans (2024-2034) The…

52 mins ago

Plastic Tubes Market Size, Trends and Growth Drivers

Plastic Tubes Market Growth Outlook and Regional Trends The global plastic tubes market reached USD…

1 hour ago

PP Deli Food Container Market Size, Growth and Emerging Trends

Polypropylene Deli Food Containers Market Size and Growth Analysis The polypropylene (PP) deli food containers…

1 hour ago

Solid Bleached Sulfate (SBS) Paperboard Market Size and Future Outlook

Solid Bleached Sulfate (SBS) Paperboard Market Size and Growth Outlook The solid bleached sulfate (SBS)…

1 hour ago

Aluminum Tubes Market Growth, and Innovations in Sustainable Packaging Solutions

Aluminum Tubes Market Projected Growth and Trends from 2023 to 2034 The global aluminum tubes…

3 hours ago

Aseptic Packaging Market for Non-Carbonated Beverages Growth and Insights (2024-2033)

Aseptic Packaging for Non-Carbonated Beverages Market Companies and Growth Insights The global aseptic packaging in…

3 hours ago