The Global Healthcare Packaging Market out to 2026£1,695.00
Healthcare packaging market, an essential, though a very small component of the healthcare industry, has directly been affecting through changes in healthcare systems as well as evolving demographics. Every country wants to improve its healthcare system to meet demand pressures. On average 10% of the Gross Domestic Product (GDP) in the world was spent on the health sector in 2013. Health spending increased faster than economic growth across OECD countries over the past 20 years. Given the rise in population, urbanisation, aging population and increase in the healthcare spending, demand for healthcare products has been on the rise and so the demand for healthcare packaging.
Global demand for healthcare packaging materials reached $65.8 billion in 2015, which showed year-on-year growth of 5.6%. The growth was mainly driven by Asia while other regions have also registered notable growths and remained supportive in driving the global demand.
Commodity Inside anticipates that global demand for healthcare packaging will increase at a CAGR of 5.3% over the next decade. Demand for healthcare products as well as developments in medical practices will determine the growth of the market. In addition, demographics changes, macroeconomic indicators, growth in emerging markets, new regulations and changes in the healthcare sector will play a pivotal role in determining the global healthcare packaging market.
A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market£1,695.00
Despite the recent global economic slowdown, the growth in flexible plastic packaging demand has still been relatively higher than some of its competing materials. The growth in the market has also been supported by a shift from rigid to flexible plastic packaging market due to a number of reasons including its intrinsic characteristics. Meanwhile, on the downside, we have seen a number of government initiatives to limit the use of flexible plastic packaging products. This has some negative impact on the industry.
Going forward Commodity Inside anticipates that emerging markets, particularly emerging Asia will continue to support the growth. China which has been a major driving force behind the growth will show some signs of deceleration due to its softening economic growth. Food will continue to be a major consumer of flexible plastic packaging over the next 10 years.
The Global Rigid Plastic Packaging Market Outlook Out to 2020£1,695.00
The rigid plastic packaging industry is currently at the cusp of very important developments, as from one side it is striving to fetch shares from metal and glass packaging industries while on the other side it is losing grounds to the flexible plastic packaging industry. Meanwhile, the softened oil prices has been benefiting manufactures of rigid plastic packaging, though the cost’s benefits yet to be filtered down to the end users.
We anticipate that developed markets will see some slowdown in consumption of rigid plastic packaging materials, while emerging market in Asia will register notable growths in the years ahead. However, deceleration in the Chinese economic growth is set to impact demand for rigid plastic packaging. Drilling down further, beverage industry will continue to take into account the largest share in the global rigid plastic packaging consumption, whilst PET continues to be the largest substrate for the industry.