China Medical Plastic Packaging Market is projected to Reach USD 6,777.8 Million by 2027 | Astute Analytica

China medical plastic packaging market was valued at $4,317.8 million in 2021, which is projected to surpass the valuation of 6,777.8 million by 2027 at a CAGR of 7.8% during the forecast period, 2022–2027.

As the country’s rising population and exploding medical needs continue to put a strain on limited resources, more and more pharmaceutical, biotech, and medical device manufactures are turning to medical plastic packing in order to protect their delicate equipment and drug storage. China has become one of the world’s leading producers and consumers of medical plastic packing, with China medical plastic packaging market is expected to reach $6,777.8 million by 2027.

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Chinese medical facilities are increasingly using high-quality medical plastic packaging products to protect patients’ health and maintain quality of care. The use of medical plastic packaging has enhanced the safety and efficiency of patient care in China. For example, medical plastic packaging has been used to package medications for infants and pediatric patients. Additionally, specific types of medical plastic packaging have been designed to protect electronic devices from damage during transport or storage.

Medical plastic packaging is an important component of the Chinese healthcare industry. By 2050, the Chinese healthcare system is expected to be worth US$2 trillion. The market for medical plastic packaging in China is expected to grow rapidly due to the country’s rapid industrialization and burgeoning population.

Market Dynamics

Drivers

  • Growing Population and Healthcare Sector: In China, the population is expected to reach 1.45 billion by the end of 2025. Furthermore, the healthcare sector is booming, with the number of patients accessing healthcare services growing rapidly. This growth has created a need for more medical plastic packaging, which helps protect patients from potential infections and diseases.
  • Regulatory Changes: Recent regulatory changes have made it easier for medical companies to get approved for medical plastic packaging. For example, in April 2018, China introduced new regulations that make it mandatory for all healthcare products to be packaged in appropriate materials such as medical plastic packaging. This change has helped drive demand for medical plastic packaging across the country.

Apart from this, there are 3 more factors that are propelling the demand for medical packaging in China

  • Improved customer experience: Medical packaging can enhance the customer experience when they are using medical products and devices. Improperly packaged products can be difficult to use and can lead to frustration on the part of patients or users.
  • Cost-effective solutions: Medical packaging can be cost-effective solutions for companies in many different industries. This is especially true when it comes to addressing safety concerns or improving product quality.
  • Efficient inventory management: Properly packaged medical products can help to reduce inventory levels and lower storage costs for companies. This is especially true for medical supplies that are difficult to stock or that face high demand from customers.

Restraints

  • The apparent surge in demand for medical PVC products has driven up production costs and prompted some Chinese manufacturers to start sourcing PVC from other countries, like Europe or North America. However, this move may not be sustainable due to rapidly increasing environmental regulations in many developed countries.
  • Chinese healthcare providers are increasingly looking for recycling and sustainable packaging solutions that meet their stringent quality standards.
  • The demand for medical plastic packaging has led to manufacturers responding by increasing production to meet the increased demand. This has led to a rise in the price of medical plastic packaging, with prices initially falling as manufacturers responded to the growing demand but now rising again due to overproduction. Despite this, the demand for medical plastic packaging is likely to continue growing as China continues to face an increasing number of medical procedures and products.

Competitive Insights

Currently, medical plastic packaging is one of the fastest growing segments in the Chinese market. However, the competition among manufacturers is fierce, and prices are constantly fluctuating. This growth is being driven by the increasing demand for non-toxic and biodegradable medical packaging, as well as the increasing use of medical packaging in new countries.

Some companies have focused on developing new and innovative products, while others have opted for cost-effective production methods. In addition, some firms have targeted specific markets such as hospitals or pharmaceutical companies, while others have targeted a wider range of industries. One important strategy that many firms have implemented is diversifying their product lines. For example, one company produces both sterile and non-sterile medical packaging materials. This allows them to target different markets and increase their overall sales volume.

Segment Analysis

Plastic Type

By Plastic type, the China medical plastic packaging market is segmented into PET, PP, LDPE, HDPE, and Others. Wherein, the PP is dominating the market with highest market share. On the other hand, LDPE has been witnessing the fastest growth at a CAGR of 9.5% and is likely to continue the same during the forecast period, 2022–2027.

Medical professionals are demanding more and more packaging made from polypropylene for their supplies, as the material is lightweight, durable, and resistant to moisture. PP is especially popular in medical packaging because of its lack of volatile organic compounds (VOCs), which can cause environmental pollution.

In fact, PP has become so popular in medical packaging that the European Union has recognized it as a sustainable plastic. PP is easily molded and is resistant to staining, which makes it perfect for use in drug and dietary supplement containers. In addition, PP is chlorine-free, making it environmentally friendly.

Some manufacturers are beginning to move away from using PET plastic for food and beverage containers because of its environmental impact. PET can take hundreds of years to biodegrade, resulting in significant environmental consequences.

Drug Type

By drug type, medical device segment is holding the largest share of the China medical plastic packaging market.  As medical devices become increasingly sophisticated, the packaging that holds them together becomes an important part of the overall therapeutic process. Device manufacturers and suppliers are constantly looking for ways to improve the quality of their products, as well as reduce costs.

One way that they have done this is by switching from traditional plastic packaging to medical plastic packaging. Medical plastic packaging is often resistant to bacteria and chemicals, making it ideal for medical devices. Not only does this make the devices more reliable, but it also makes them more affordable for patients. In addition, medical plastic packaging can be easily recycled, increasing its environmental friendliness.

By End User

By End user, the pharmaceutical manufacturers are holding the largest market share and contract manufacturers are growing at the fastest CAGR of 8.8%.  This high demand for medical plastic packaging is due to its many benefits, including resistance to chemicals and heat, durability, and low cost. Pharmaceutical manufacturers are among the most demanding customers for medical plastic packaging because their products require packages that are both reliable and safe.

Its higher strength and durability make them a perfect choice for products that must remain safe and secure during transportation and storage. In addition, medical plastics are often color-coded to make them easily distinguishable from other types of packaging material.

Market Segmentation

By Plastic Type:

By Packaging Type:

  • Primary
    • Vials
    • Ampoules
    • Blisters
    • Caps & Closures
    • Syringe
    • Sachet
    • Bottles
    • Others
  • Secondary
    • Cartons
    • Boxes
    • Injection Trays
  • Tertiary 

By Drug Type:

  • Oral Drugs
  • Injectables
  • Topical
  • Ocular/ Ophthalmic
  • Nasal
  • Sublingual
  • Pulmonary
  • Transdermal
  • IV Drugs
  • Devices
  • Others

By End User:

  • Pharma Manufacturing
  • Contract Packaging
  • Retail Pharmacy
  • Institutional Pharmacy

To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/china-medical-plastic-packaging-market

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