Growing healthcare industry and growing emphasis on patient safety is expected to drive the expansion of the thermoformed healthcare packaging industry in the near future at a CAGR of 6.19% during the forecast period 2023 to 2030.

Market Research Future (MRFR) has published on the “Global Thermoformed Healthcare Packaging Market”.


The Thermoformed Healthcare Packaging market is estimated to register a CAGR of 6.19% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global thermoformed healthcare packaging market— Amcor Plc, Sonoco Materials Company, Placon Corp, Dordan Manufaturing Company, Constantia, Plastic Ingenuity, Prent Corporation, T.O. Plastics, Inc., Brentwood Industries, Inc., GY Packaging, among others.


Market Highlights


The global thermoformed healthcare packaging market is accounted to register a CAGR of 6.19% during the forecast period and is estimated to reach USD 24,804.78 Million by 2030.


As the healthcare industry continues to expand, the demand for thermoformed packaging is set to rise, driven by factors such as increasing healthcare spending, advancements in medical technology, and growing awareness of material safety and quality. Manufacturers in the thermoforming industry are actively innovating and investing in research and development to meet the evolving needs of the healthcare sector, ensuring that their packaging solutions align with stringent regulatory requirements and offer enhanced functionality. With its numerous benefits and adaptability, thermoformed packaging is poised to play a crucial role in supporting the growth and success of the healthcare industry. However, thermoformed packaging can involve certain upfront costs related to tooling and equipment setup. This initial investment may be a barrier for smaller healthcare providers or manufacturers with limited budgets. The cost of specialized packaging types or customization can also impact the overall packaging expenses. Balancing the benefits of thermoformed packaging with the associated costs is essential in decision-making. Moreover, thermoformed packaging has proven to be highly effective in offering superior protection for healthcare materials compared to conventional packaging methods. Its unique ability to shape plastics into intricate forms ensures exceptional barrier properties against moisture, oxygen, and other harmful substances. As a result, the shelf life of healthcare materials is significantly prolonged, and their safe and intact condition is maintained throughout transportation and storage. Moreover, thermoformed packaging is crucial in promoting sustainability within the healthcare industry. One of the key advantages of thermoformed packaging is its ability to mold plastics into complex shapes, which contributes to its outstanding protective capabilities.


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Segment Analysis


The global thermoformed healthcare packaging market has been segmented packaging type, material, process, and heat seal coating.


Based on packaging type, the global thermoformed healthcare packaging market segmentation includes blister, clamshell, skin packaging, trays & lids, containers, and others. The blister segment held the majority market share in 2022 and is expected to grow at a significant growth rate. Blister thermoformed packaging offers excellent protection against physical damage during transportation and handling. The rigid structure of the blister prevents the product from shifting or getting crushed, ensuring its integrity and quality are maintained until it reaches the end user. This is especially crucial for delicate medical devices and pharmaceuticals sensitive to external factors.


Based on material, the global thermoformed healthcare packaging market segmentation includes Polyethylene Terephthalate (PET), Polyethylene (PE), Poly Vinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polystyrene (PS), and Others. The Polyethylene Terephthalate (PET) segment held the majority market share in 2022 and is expected to grow at a significant growth rate. Thermoformed PET healthcare packaging can take various forms, including trays, clamshells, blisters, and containers. These packaging solutions provide a secure and sterile environment for medical products, ensuring their integrity and preventing contamination. PET packaging is also tamper-evident, allowing easy detection of any unauthorized access or tampering.


Based on process, the thermoformed healthcare packaging market segmentation includes vacuum forming, pressure forming, plug assist forming, drape forming, cavity forming, and twin sheet forming. The vacuum forming segment dominated the market in 2022. Vacuum forming is a widely used manufacturing process for producing medical parts and components requiring antimicrobial properties or resistance to contaminants. The versatility and customization capabilities of vacuum forming make it an ideal choice for such applications in the medical industry. Pharmaceutical trays, used for organizing and protecting pills and capsules, can also be manufactured through vacuum forming.


Based on heat seal coating, the thermoformed healthcare packaging market segmentation includes water based, solvent based, and hot melt based. The solvent-based segment dominated the market in 2022. Solvent-based thermoformed healthcare packaging is a widely used for creating protective and functional packaging solutions in the healthcare industry. Solvent-based thermoformed packaging is its durability and barrier properties. The use of solvents helps enhance the rigidity and strength of the plastic material, making it capable of protecting the packaged contents from external factors such as moisture, light, and physical damage. This is crucial in maintaining the integrity and sterility of healthcare products, ensuring their safety and efficacy. Additionally, solvent-based thermoformed packaging can incorporate various features to meet specific requirements.


Regional Analysis


The global thermoformed healthcare packaging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The thermoformed healthcare packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Europe thermoformed healthcare packaging market comprises of Germany, France, UK, Italy, Spain, and the rest of Europe. The Middle East and Africa thermoformed healthcare packaging market comprises of Saudi Arabia, South Africa, UAE and Rest of Middle East and Africa. The South America thermoformed healthcare packaging market comprises of Brazil, Mexico, Argentina, Peru, Chile, and Rest of South America.


The North America thermoformed healthcare packaging Market held the largest market share in 2022 and it is expected to grow at a significant CAGR during the forecast period. Thermoformed healthcare packaging has witnessed significant growth in the United States, establishing it as the largest market for such packaging solutions in North America. The increasing demand for pharmaceutical and medical device packaging is a key driver for this growth. As the healthcare industry in the United States continues to advance and expand, the need for reliable and efficient packaging solutions for pharmaceuticals and medical devices has become paramount. Thermoformed packaging offers several advantages in product protection, customization, and compliance with regulatory standards, making it a preferred choice in the market.


Europe's demand for thermoformed healthcare packaging has steadily increased in recent years. The rise of personalized medicine and the growing number of specialty drugs have also increased demand for thermoformed healthcare packaging. These products often require unique packaging solutions that accommodate specific shapes, sizes, and dosage requirements. Thermoforming allows for custom design and precise molding, ensuring these specialized products are securely and conveniently packaged. In Germany, thermoformed healthcare packaging is in high demand due to the country's strong healthcare infrastructure and emphasis on quality healthcare services. The packaging ensures the integrity and sterility of medical devices, pharmaceuticals, and diagnostic products, meeting German health authorities' stringent regulations and standards.


The Asia Pacific region is the third-largest pharmaceutical market globally, following North America and Europe. The pharmaceutical and healthcare industry holds a significant share of the blister packaging market in Asia, particularly China. China is not only one of the world's largest pharmaceutical markets but also a strategic priority for numerous global players. It is also the leading producer of active pharmaceutical ingredients globally. Blister packaging allows the creation of compliance packs or calendar packs by labeling prescriptions, which facilitates patients' adherence to their medication regimens. Additionally, China's substantial investments in building its medicines pipeline and future drugs present excellent growth prospects for blister packaging.


With the aging population in South America, the incidence of chronic diseases such as diabetes, hypertension, and cancer is rising. Consequently, there is a growing demand for thermoformed healthcare packaging, including blister packs, clamshells, and trays, to cater to these products. Over-the-counter medications are gaining momentum in South America as individuals seek more affordable and convenient remedies for minor ailments. Thermoformed packaging is an ideal choice for OTC medications, as it allows for the creation of visually appealing and tamper-evident packaging solutions. Healthcare providers in South America are placing greater importance on patient safety. Thermoformed packaging enhances patient safety by offering a secure and tamper-evident barrier for medical products, thereby mitigating risks associated with product integrity and tampering.


The demand for thermoformed healthcare packaging in the Middle East and Africa region has grown significantly in recent years. Thermoformed packaging is heating a plastic sheet and shaping it into a specific form using a mold. This packaging solution offers advantages such as excellent product protection, tamper-evident features, and extended shelf life for healthcare products. One of the key factors driving the demand for thermoformed healthcare packaging in the Middle East and Africa is the increasing focus on healthcare infrastructure development. Countries in the region are investing heavily in expanding and modernizing their healthcare facilities, including hospitals, clinics, and pharmaceutical manufacturing units. This has created a higher demand for quality packaging solutions to ensure the safe storage and transportation of medical devices, pharmaceuticals, and other healthcare products.


Key Findings of the Study



  • The global thermoformed healthcare packaging market is expected to reach USD 24,804.78 Million by 2030, at a CAGR of 6.19% during the forecast period.

  • The North America region held the largest market share due to rapid industrialization and technological advancements in the packaging industry.

  • Based on heat seal coating, the solvent based segment was attributed to holding the largest market in 2022, and water based segment held the second largest market share.

  • Amcor Plc, Sonoco Products Company, Placon Corp, Dordan Manufaturing Company, Constantia, Plastic Ingenuity, Prent Corporation, T.O. Plastics, Inc., Brentwood Industries, Inc., GY Packaging, among others.

  • Based on material, Polyethylene Terephthalate (PET) segment held the largest market share in 2022 and Polypropylene (PP) segment held the second largest market share in 2022.

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