According to the research report titled ‘Global Plastic Healthcare Packaging Market Size study, by Basis Off Industry (Medical Devices, Pharmaceutical) by Type (Pulmonary, Oral, Transdermal, Injectable, Nasal, Topical, Ocular) by Material (Plastic, Glass, Paperboard) and Regional Forecasts 2021-2027’, available with Market Study Report, global plastic healthcare packaging market was valued at USD 31.32 billion in 2020 and is reckoned to record a compound annual growth rate of 6.5% over 2021-2027 to accumulate USD 61.91 billion by the end of the analysis timeframe.
 

Surging demand in pharmaceutical sector, and increasing awareness about packaged health products are catalyzing the growth of the global plastic healthcare packaging market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4006443/
 

Additionally, technological advancements to exploit recyclable property of plastic, and rising pharmaceutical & healthcare expenditure in developing nations are also fueling the industry expansion.
 

For the unversed, plastic packaging is ideal for packaging of healthcare and food products. It has several functional properties like flexibility, transparency, chemical & heat resistance, and opacity.
 

Despite the positive outlook, increasing overall packaging costs due to stringent regulatory policies, and requirement of approvals for safe use of plastic are hampering the growth of business domain over the analysis timeframe.
 

As per expert verbatim, North America, Europe, Middle East & Africa, Asia Pacific, and Latin America are major benefactors to worldwide plastic healthcare packaging industry remuneration. Among these, North America currently accounts for a major market share and is anticipated to garner significant revenue over the assessment period. This can be attributed to escalating awareness about reimbursement mechanisms, increasing FDA approvals, and rapidly growing population.
 

Parallelly, Asia Pacific industry is poised to register momentous growth through 2027, accreditable to wide variety of pharmaceutical manufacturing activities in countries such as China and India.
 

Speaking of the competitive landscape, Almac Group Ltd., Winpak Ltd., Constantia Flexibles Group GmbH, Catalent, Inc., Beacon Converters, Inc., Vetter Pharma-Fertigung GmbH & Co. KG, Aphena Pharma Solutions, Inc., UDG Healthcare plc, and Sealed Air Corporation and Tekni-Plex, Inc. are the leading companies in worldwide plastic healthcare packaging market.