1. Market Research
  2. > Pharmaceutical Market Trends
Asia Pacific Medical Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, Type, and Application

Asia Pacific Medical Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, Type, and Application

  • July 2021
  • 160 pages
  • ID: 6134241
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The Asia Pacific medical packaging market is expected to grow from US$ 42,362.63 million in 2021 to US$ 68,840.93 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.

Asia Pacific medical packaging market is divided on the basis of the five countries China, Japan, Australia, India, South Korea, and rest of Asia Pacific.Factors driving the medical packaging market are growing pharmaceutical and medical device industry in the region is expected to increase adoption of medical packaging.

In addition, expansion and stricter regulations for medical products industry in the region. is expected to drive the demand for medical packaging in the region. The projected growth of the medical packaging market in the US is attributed to the increasing pharmaceutical product manufacturing, rising adoption of advance medical packing technologies by the medical device manufactures is anticipated to fuel growth of the market during the forecast period. China pharmaceutical market offers huge opportunities as more and more people gain access to medicine, not only Traditional Chinese Medicine (TCM), but also more and more Western medicine, which is produced in huge volumes. That’s why China has become the most important as well as the biggest market for the use of high-speed blister packaging machines. Strict regulations and demand from manufacturers and consumers alike have led to growth in the usage of blister packages in Japan. Manufacturers are looking to earn tax incentives by manufacturing products under these regulatory standards. Promotion of growth in over-the-counter drugs has also provided impetus to the market. Also, India serves several growth opportunities for the medical packaging market during the forecast period. The rising geriatric population, increasing chronic prevalence and growing pharmaceutical and medical device industry prime factors expected to drive the market in the forecast period.

In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of medical packaging manufacturing activities.Downfall of other healthcare products manufacturing sectors has negatively impacted the demand for medical packaging during the early months of 2020.

Moreover, decline in the overall packaging materials manufacturing activities has led to discontinuation of medical packaging manufacturing projects, thereby reducing the demand for medical packaging. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

Based on material, the market is segmented into polymer, foam, molded-fiber, non-woven fabric, films, paper & paperboard, and others.The paper & paperboard segment is expected to grow at the fastest CAGR during the forecasted period.

Product safe is among the primary objectives of the secondary packing material.The paper and paper board is used to make the cartons and shipping box.

As per the American Forest & Paper Association, the paperboard is a compact, paper-based material used for packaging.Owing to the different characteristics of papers, it is suitable for various requirements and needs packing materials.

Paperboard is used to fold into cartons for delicate items such as cosmetics, tablet strips, bulb packing, and other healthcare-related products. The segment is expected to contribute to the leading share in the Asia Pacific markets in the forecast period.

The overall Asia Pacific medical packaging market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific medical packaging market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific medical packaging market. A few of the key companies operating in the market are Amcor Plc.; DuPont de Nemours, Inc.; Mitsubishi Chemical Corporation; SGD Pharma; 3M; West Pharmaceutical Services, Inc.; Avery Dennison Corporation; Sonoco Products Company; CCL Industries Inc. and WestRock Company.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Caps & Closures Market by Type, Metal Caps & Closures, Other Caps & Closures ), Raw Material, End-Use Industry - Global Forecast to 2026

  • $ 4950
  • November 2021
  • 239 pages

The caps & closures market size is projected to grow from USD 65.0 billion in 2021 to USD 85.0 billion by 2026, at a CAGR of 5.5%. The increase in demand for bottled water, need for convenience, concerns ...

  • World
  • Europe
  • Pharmaceutical Packaging
  • Industry analysis
  • Disposable Income
  • Gross Domestic Product

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on