Healthcare Packaging Market Segmentation:
Material Type Segment Analysis
The global healthcare packaging market is segmented and analyzed for demand and supply by material type into glass, polyethylene, metal, plastic, paper & paperboard, and others. Out of these, the polyethylene segment is predicted to attain the largest market share over the projected time period. Polyethylene is one of the modern era's toughest polymer varieties. It is inexpensive and very chemical resistant too; this indicates that it can withstand various environmental risks. These qualities make polyethylene packaging superior to other packaging materials in most circles, including healthcare packaging. Furthermore, the rising demand for polyethylene across the globe is predicted to drive segment growth during the forecast period. For instance, in 2019, the total demand for polyethylene was estimated to be around 50 million tons. In addition to this, polyethylene packaging is more compact and lightweight than alternatives, resulting in reduced weights for vehicles and airlines and hence, lower shipping costs. Thus, this factor is also anticipated to support segment expansion throughout the forecast period.
Administration Mode Segment Analysis
The global healthcare packaging market is also segmented and analyzed for demand and supply by administration mode into dermal, inhalable, oral, injectable, and others. Among these, the oral segment is predicted to hold a notable market share over the forecast period. Owing to benefits including ease of oral drug administration, patient preference, cost-effectiveness, and simplicity of producing oral dosage forms on a wide scale, the oral route of administration is the most popular method of drug administration. Additionally, oral medication does not reach the bloodstream directly and dissolves properly through different channels, making it more adaptive for the body, and decreasing the chances of a reaction or allergy. Hence, the inclination towards oral medication is increasing, which in turn is expected to support the segment’s expansion. Moreover, the rising sales and manufacturing of oral drugs across the world is predicted to drive the segment growth over the ensuing years. It was noted that orally administered pharmaceutical medicines make up around 85% of the top-selling medications, which are currently worth about USD 35.1 billion worldwide.
Our in-depth analysis of the global healthcare packaging market includes the following segments:
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By Product |
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By Material Type |
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By Administration Mode |
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By Application |
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