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Global healthcare packaging market: 7% CAGR growth forecast between 2012-16

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Global Healthcare Packaging Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 08:07:01
The Healthcare Packaging market is to grow at a CAGR of 7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased use of disposable medical products. The Global Healthcare Packaging market has also been witnessing the increase in outsourcing of healthcare packaging. However, the sustainability concerns with plastic packaging could pose a challenge to the growth of this market.

Outsourcing of packaging for medical products is a growing trend in the Global Healthcare Packaging market, which has proved to be advantageous to healthcare products companies. Not only does it reduce the time required for the new product to hit the market but it also enables the firm to focus on its core competencies, reducing in-house regulatory burdens, and off-loading packaging at peak production periods. In addition, factors such as increased flexibility and reduced overhead costs for packaging are contributing to the increase in outsourcing of healthcare packaging.

One of the main drivers in this market is the increased use of disposable medical products in modern healthcare settings. This in turn has increased the demand for use of plastic and paper as packaging materials.

One of the major challenges faced by the market is sustainability concerns with plastic packaging, which is raising concern on the use of plastic as a packaging material.

The key vendors dominating this market space are Amcor Ltd., Becton, Dickinson and Company, Bemis Company Inc., MeadWestvaco Corp. and Rexam plc.

Other vendors are Chesapeake Ltd., Gerresheimer AG, Owens-Illinois Inc., Schott AG and West Pharmaceutical Services Inc.

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