World revenue for the healthcare packaging market will reach $106.3bn in 2014, a report by business intelligence provider, Visiongain, predicts. The report also indicates that there will be strong revenue growth from 2014 to 2024.
“The healthcare packaging market still has vast potential. In a global, interconnected economy, where the ease and immediacy of social interactions make the world a smaller place, such trends are also having an impact on how brands communicate with their consumers, Visiongain stated in its report summary.
Most interesting, though, is the balance of power in healthcare packaging. It is widely spread. The top 20 healthcare packaging firms accounted for just 32% of the global market in 2014, according to Visiongain’s data.
The report has identified regional shifts on the demand and supply side. As the healthcare packaging market adapts to these, the industry will be different in the future. And growth opportunities will appear through this change.
“Globally, changing attitudes towards climate change, together with recent developments in medical technology, will provide new sources of demand growth… In the Asia-Pacific region, increased drug production and infrastructure development will dominate growth. Outsourcing and medical tourism will support further growth opportunities,” the report states.
The world’s food packaging market is somewhat different. Globally, its revenue is expected to reach in $257.99bn in 2014, but it is dominated by thirteen companies:
• Amcor
• Ardagh Group
• Ball Corporation
• Bemis Company
• Crown Holdings
• DS Smith Plc
• MeadWestVaco Corporation
• Mondi Group
• Owens-Illinois
• Reynolds Group Holdings
• Rexam Plc
• Saint Gobain
• Tetra Laval Group
Both packaging reports are available in full by subscription:
Healthcare packaging market forecast 2014
Food packaging market forecast 2014
