The anticipated value of the plastic healthcare packaging industry in Korea is estimated to reach USD 505.6 million by 2024, with a projected 5.3% CAGR in the utilization of plastic healthcare packaging.
| Attributes | Details |
|---|---|
| Demand Analysis in 2024 | USD 505.6 million |
| Demand Forecast in 2034 | USD 843.4 million |
| CAGR Estimation from 2024 to 2034 | 5.3% |
The surge in the need for medical supplies and medications has propelled the expansion of the plastic healthcare packaging industry. The plastic healthcare packaging industry in Korea will likely secure USD 843.4 million.
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Adopting sustainable packaging practices is a notable trend, aligning with global environmental concerns. The region’s healthcare packaging sector embraces technological advancements, incorporating innovative materials and manufacturing processes to enhance efficiency and product safety. Integrating e-commerce channels with plastic healthcare packaging solutions is shaping the distribution landscape. Regulatory compliance remains challenging, necessitating a strategic approach to navigate evolving standards. As South Gyeongsang contributes to Korea thriving healthcare packaging industry, the region stakeholders are actively addressing these trends and challenges to maintain a competitive edge.
A distinctive set of trends and challenges marks the plastic healthcare packaging industry in North Jeolla. The circular economy is gaining prominence, focusing on recyclable and reusable packaging solutions. The demand for personalized packaging, catering to diverse healthcare product needs, is rising. The region is at the forefront of digitalization and smart packaging integration, enhancing tracking capabilities and patient engagement.
Cost pressures pose a challenge, requiring a delicate balance between advanced packaging solutions and industry competitiveness. Harmonizing regulations within North Jeolla and across Korea is essential for ensuring standardized practices. Despite these challenges, North Jeolla commitment to innovation and sustainability positions it as a key player in Korea evolving plastic healthcare packaging landscape.
In 2024, composites hold a significant industrial share of 34.9% in the plastic healthcare packaging sector, showcasing a growing preference for lightweight and durable materials. Fixed load floor operation dominates with a substantial 56.8% share, indicating a prevalent trend towards standardized and non-adjustable load floor designs in the industry.
| Category | Industrial Share in 2024 |
|---|---|
| Polypropylene | 34.9% |
| Medical Devices | 56.8% |
With a substantial share of 34.9%, polypropylene plays a significant role in the plastic healthcare packaging industry. This versatile polymer is widely utilized for its favorable properties, durability, chemical resistance, and cost-effectiveness.
The substantial share indicates its prevalence in various packaging applications, contributing to the industry overall stability and functionality. Polypropylene dominance suggests a reliance on its favorable characteristics, such as the ability to withstand sterilization processes and provide a barrier against contaminants.
The exceptional share of 56.8% occupied by medical devices underscores their critical role in driving the plastic healthcare packaging industry. This high percentage signifies a robust demand for specialized packaging solutions tailored to the unique requirements of medical devices.
The medical devices category encompasses various products, from diagnostic tools to implantable devices, necessitating tailored and secure packaging. The significant share also reflects the industry alignment with the expanding healthcare sector and the continuous innovation in medical technology, further emphasizing the strategic importance of packaging in ensuring the safety and efficacy of medical devices.
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 505.6 million |
| Projected Industry Size in 2034 | USD 843.4 million |
| Anticipated CAGR between 2024 to 2034 | 5.3% CAGR |
| Demand Forecast for the Plastic Healthcare Packaging Industry in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Plastic Healthcare Packaging Industry in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Provinces Analyzed | South Gyeongsang; North Jeolla; South Jeolla; Jeju; Rest of Korea |
| Key Companies Profiled | MENFIS KOREA; Bilcare Limited; Gerresheimer AG; Amcor Limited; Constantia Flexibles Group; Wipak Ltd; Comar LLC; West Rock Company; Aptar Group; West Rock Company |
By 2024, the estimated valuation of the plastic healthcare packaging industry is USD 505.6 million.
The anticipated CAGR for the plastic healthcare packaging landscape through 2034 is 5.3%.
By 2034, the demand for the plastic healthcare packaging industry will reach USD 843.4 million in value terms.
The plastic healthcare packaging industry in Korea expanded at a CAGR of 2.7% from 2019 to 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Vials & Ampoules 5.2. Blisters 5.3. Bottles 5.3.1. Dropper Bottles 5.3.2. Nasal Spray Bottles 5.3.3. Liquid Bottles 5.4. Bags, Pouches & Sachets 5.4.1. IV Bags 5.4.2. Medical Specialty Bags 5.5. Prefilled Inhalers, Syringes & Cartridges 5.6. Containers & Jars 5.7. Caps & Closures 5.8. Trays 5.9. Medication Tubes 6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Material Type 6.1. Polyethylene 6.1.1. Low Density Polyethylene (LDPE) 6.1.2. High Density Polyethylene (HDPE) 6.1.3. Linear Low Density Polyethylene (LLDPE) 6.2. Polyvinyl Chloride 6.3. Polystyrene 6.4. Polypropylene 6.4.1. Bi-axially Oriented Polypropylene 6.4.2. Cast Polypropylene 6.5. Polyethylene Terephthalate 6.5.1. Bi-axially Oriented Polyethylene Terephthalate 6.5.2. Metallized PET 6.6. Others 7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Medical devices 7.1.1. Sterile packaging 7.1.2. Non sterile packaging 7.2. Pharmaceuticals 8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. South Gyeongsang 8.2. North Jeolla 8.3. South Jeolla 8.4. Jeju 8.5. Rest of Korea 9. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 10. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 11. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 12. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 13. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 14. Market Structure Analysis 15. Competition Analysis 15.1. MENFIS 15.2. Bilcare Limited 15.3. Gerresheimer AG 15.4. Amcor Limited 15.5. Constantia Flexibles Group 15.6. Wipak Ltd 15.7. Comar LLC 15.8. West Rock Company 15.9. Aptar Group 15.10. West Rock Company 16. Assumptions & Acronyms Used 17. Research Methodology
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Plastic Healthcare Packaging Industry Analysis in Korea
