The Latin America, Middle East and Africa Plastic Healthcare Packaging Market is expected to witness market growth of 6.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Plastic Healthcare Packaging Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $688.2 million by 2031. The Argentina market is showcasing a CAGR of 4.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 7.6% during 2024-2031.
The adoption of plastic healthcare packaging has witnessed significant growth over the past few decades due to several factors that make it an ideal material for packaging healthcare products. Plastics offer manufacturers high flexibility and customization, crucial in the healthcare sector, where specific packaging requirements must be met. From barrier properties to strength and clarity, plastics can be tailored to suit the specific needs of each product, whether it is a medication, medical device, or diagnostic tool.
Moreover, the convenience drives the adoption of plastic healthcare packaging, which it provides manufacturers and consumers. Molding plastic into various shapes and sizes allows for the creation of easy-to-use, child-resistant, and tamper-evident packaging solutions that ensure safety and compliance with regulatory standards.
Rising healthcare expenditures in the UAE and Saudi Arabia, driven by the increasing prevalence of non-communicable diseases such as diabetes, obesity, and lifestyle disorders, are significantly impacting the plastic healthcare packaging market. With healthcare budgets expanding, the demand for medical supplies, pharmaceuticals, and packaged healthcare products is expected to surge, driving growth in the healthcare packaging sector.
The Brazil market dominated the LAMEA Plastic Healthcare Packaging Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $688.2 million by 2031. The Argentina market is showcasing a CAGR of 4.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 7.6% during 2024-2031.
The adoption of plastic healthcare packaging has witnessed significant growth over the past few decades due to several factors that make it an ideal material for packaging healthcare products. Plastics offer manufacturers high flexibility and customization, crucial in the healthcare sector, where specific packaging requirements must be met. From barrier properties to strength and clarity, plastics can be tailored to suit the specific needs of each product, whether it is a medication, medical device, or diagnostic tool.
Moreover, the convenience drives the adoption of plastic healthcare packaging, which it provides manufacturers and consumers. Molding plastic into various shapes and sizes allows for the creation of easy-to-use, child-resistant, and tamper-evident packaging solutions that ensure safety and compliance with regulatory standards.
Rising healthcare expenditures in the UAE and Saudi Arabia, driven by the increasing prevalence of non-communicable diseases such as diabetes, obesity, and lifestyle disorders, are significantly impacting the plastic healthcare packaging market. With healthcare budgets expanding, the demand for medical supplies, pharmaceuticals, and packaged healthcare products is expected to surge, driving growth in the healthcare packaging sector.
List of Key Companies Profiled
- Amcor Plc
- Sonoco Products Company
- Gerresheimer AG
- Huhtamaki Oyj
- Mondi Plc
- Berry Global Group, Inc.
- DuPont de Nemours, Inc.
- Schott AG (Carl-Zeiss-Stiftung)
- 3M Company
- Avient Corporation
Market Report Segmentation
By Industry
- Pharmaceutical Packaging
- Medical Device Packing
By Product Type
- Bottles Packaging
- Pouches
- Vials
- Other Product Type
By Material
- Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Other Material
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Plastic Healthcare Packaging Market by Industry
Chapter 6. LAMEA Plastic Healthcare Packaging Market by Product Type
Chapter 7. LAMEA Plastic Healthcare Packaging Market by Material
Chapter 8. LAMEA Plastic Healthcare Packaging Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Amcor Plc
- Sonoco Products Company
- Gerresheimer AG
- Huhtamaki Oyj
- Mondi Plc
- Berry Global Group, Inc.
- DuPont de Nemours, Inc.
- Schott AG (Carl-Zeiss-Stiftung)
- 3M Company
- Avient Corporation
Methodology
LOADING...
