Analytical Study of Plastic Healthcare Packaging in Korea from 2024 to 2034

The anticipated value of the plastic healthcare packaging industry in Korea is estimated to reach US$ 505.6 million by 2024, with a projected 5.3% CAGR in the utilization of plastic healthcare packaging.

Attributes Details
Demand Analysis in 2024 US$ 505.6 million
Demand Forecast in 2034 US$ 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 US$ 843.4 million.

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Key Insights and Highlights on Emerging and Fast-growing Opportunities

  • Surge in demand underscores the strategic utilization of plastic healthcare packaging in Korea.
  • The industry is ripe with emerging opportunities, signaling a dynamic landscape for investors and stakeholders.
  • Demand reflects a need for innovative solutions in healthcare packaging, driving fast-paced industrial growth.

Key Trends Influencing Demand for Plastic Healthcare Packaging Industry in Korea

  • Increasing competition drives the need for packaging that ensures product safety and serves as a tool for brand differentiation and customer engagement.
  • Integrating smart technologies, such as RFID tags and sensors, into plastic healthcare packaging for tracking, authentication, and real-time monitoring is gaining momentum.
  • The surge in online healthcare retail and direct-to-consumer distribution channels influences packaging requirements, demanding solutions ensuring product safety during transit.
  • Growing awareness about hygiene and infection control leads to a preference for single-use plastic healthcare packaging, particularly in applications like medical devices and pharmaceuticals.
Ismail Sutaria
Ismail Sutaria

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Country-wise Insights

South Gyeongsang, a Significant Region in the Korea Plastic Healthcare Packaging Industry

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.

Digitalization and Smart Packaging Boosts the Plastic Healthcare Packaging Industry

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.

Category-wise insights

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%

Polypropylene has a Significant Position in the Industry

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.

Medical Devices has a Dominant Position in the Industry

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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Recent Developments Observed in the Plastic Healthcare Packaging Industry in Korea

  • In April 2022, Amcor Inc. unveiled an innovative line of more sustainable high shield laminates, marking a strategic move to enhance its pharmaceutical packaging portfolio. Introducing these advanced laminates underscores Amcor commitment to sustainability within the packaging industry, addressing the growing demand for eco-friendly solutions.

Report Scope

Attribute Details
Estimated Industry Size in 2024 US$ 505.6 million
Projected Industry Size in 2034 US$ 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

Key Segments

By Product Type:

  • Vials & Ampoules
  • Blisters
  • Bottles
    • Dropper Bottles
    • Nasal Spray Bottles
    • Liquid Bottles
  • Bags, Pouches & Sachets
    • IV Bags
    • Medical Specialty Bags
  • Prefilled Inhalers, Syringes & Cartridges
  • Containers & Jars
  • Caps & Closures
  • Trays
  • Medication Tubes

By Material Type:

  • Polyethylene
    • Low Density Polyethylene (LDPE)
    • High Density Polyethylene (HDPE)
    • Linear Low Density Polyethylene (LLDPE)
  • Polyvinyl Chloride
  • Polystyrene
  • Polypropylene
    • Bi-axially Oriented Polypropylene (BOPP)
    • Cast Polypropylene (CPP)
  • Polyethylene Terephthalate
    • Bi-axially oriented Polyethylene Terephthalate (BoPET)
    • Metallized PET
  • Others (Polycarbonate)

By Application:

  • Medical Devices
    • Sterile Packaging
    • Non-sterile Packaging
  • Pharmaceuticals

By Provinces:

  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju
  • Rest of Korea

Frequently Asked Questions

What is the expected value of the Plastic Healthcare Packaging Industry in 2024?

By 2024, the estimated valuation of the plastic healthcare packaging industry is US$ 505.6 million.

At what Rate is the Plastic Healthcare Packaging Landscape Growing in Korea?

The anticipated CAGR for the plastic healthcare packaging landscape through 2034 is 5.3%.

What will be the anticipated value of the Plastic Healthcare Packaging Industry in 2034?

By 2034, the demand for the plastic healthcare packaging industry will reach US$ 843.4 million in value terms.

What is the Historical Growth Outlook of the Plastic Healthcare Packaging Industry?

The plastic healthcare packaging industry in Korea expanded at a CAGR of 2.7% from 2019 to 2023.

Table of Content
1. Executive Summary
    1.1. Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
        5.3.1. Vials & Ampoules
        5.3.2. Blisters
        5.3.3. Bottles
            5.3.3.1. Dropper Bottles
            5.3.3.2. Nasal Spray Bottles
            5.3.3.3. Liquid Bottles
        5.3.4. Bags, Pouches & Sachets
            5.3.4.1. IV Bags
            5.3.4.2. Medical Specialty Bags
        5.3.5. Prefilled Inhalers, Syringes & Cartridges
        5.3.6. Containers & Jars
        5.3.7. Caps & Closures
        5.3.8. Trays
        5.3.9. Medication Tubes
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
    5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Material Type
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2019 to 2023
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2024 to 2034
        6.3.1. Polyethylene
            6.3.1.1. Low Density Polyethylene (LDPE)
            6.3.1.2. High Density Polyethylene (HDPE)
            6.3.1.3. Linear Low Density Polyethylene (LLDPE)
        6.3.2. Polyvinyl Chloride
        6.3.3. Polystyrene
        6.3.4. Polypropylene
            6.3.4.1. Bi-axially Oriented Polypropylene
            6.3.4.2. Cast Polypropylene
        6.3.5. Polyethylene Terephthalate
            6.3.5.1. Bi-axially oriented Polyethylene Terephthalate
            6.3.5.2. Metallized PET
        6.3.6. Others
    6.4. Y-o-Y Growth Trend Analysis By Material Type, 2019 to 2023
    6.5. Absolute $ Opportunity Analysis By Material Type, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034
        7.3.1. Medical devices
            7.3.1.1. Sterile packaging
            7.3.1.2. Non sterile packaging
        7.3.2. Pharmaceuticals
    7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
    7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
        8.3.1. South Gyeongsang
        8.3.2. North Jeolla
        8.3.3. South Jeolla
        8.3.4. Jeju
        8.3.5. Rest of Korea
    8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        9.2.1. By Product Type
        9.2.2. By Material Type
        9.2.3. By Application
    9.3. Market Attractiveness Analysis
        9.3.1. By Product Type
        9.3.2. By Material Type
        9.3.3. By Application
    9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        10.2.1. By Product Type
        10.2.2. By Material Type
        10.2.3. By Application
    10.3. Market Attractiveness Analysis
        10.3.1. By Product Type
        10.3.2. By Material Type
        10.3.3. By Application
    10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        11.2.1. By Product Type
        11.2.2. By Material Type
        11.2.3. By Application
    11.3. Market Attractiveness Analysis
        11.3.1. By Product Type
        11.3.2. By Material Type
        11.3.3. By Application
    11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        12.2.1. By Product Type
        12.2.2. By Material Type
        12.2.3. By Application
    12.3. Market Attractiveness Analysis
        12.3.1. By Product Type
        12.3.2. By Material Type
        12.3.3. By Application
    12.4. Key Takeaways
13. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        13.2.1. By Product Type
        13.2.2. By Material Type
        13.2.3. By Application
    13.3. Market Attractiveness Analysis
        13.3.1. By Product Type
        13.3.2. By Material Type
        13.3.3. By Application
    13.4. Key Takeaways
14. Market Structure Analysis
    14.1. Competition Dashboard
    14.2. Competition Benchmarking
    14.3. Market Share Analysis of Top Players
        14.3.1. By Regional
        14.3.2. By Product Type
        14.3.3. By Material Type
        14.3.4. By Application
15. Competition Analysis
    15.1. Competition Deep Dive
        15.1.1. MENFIS
            15.1.1.1. Overview
            15.1.1.2. Product Portfolio
            15.1.1.3. Profitability by Market Segments
            15.1.1.4. Sales Footprint
            15.1.1.5. Strategy Overview
                15.1.1.5.1. Marketing Strategy
                15.1.1.5.2. Product Strategy
                15.1.1.5.3. Channel Strategy
        15.1.2. Bilcare Limited
            15.1.2.1. Overview
            15.1.2.2. Product Portfolio
            15.1.2.3. Profitability by Market Segments
            15.1.2.4. Sales Footprint
            15.1.2.5. Strategy Overview
                15.1.2.5.1. Marketing Strategy
                15.1.2.5.2. Product Strategy
                15.1.2.5.3. Channel Strategy
        15.1.3. Gerresheimer AG
            15.1.3.1. Overview
            15.1.3.2. Product Portfolio
            15.1.3.3. Profitability by Market Segments
            15.1.3.4. Sales Footprint
            15.1.3.5. Strategy Overview
                15.1.3.5.1. Marketing Strategy
                15.1.3.5.2. Product Strategy
                15.1.3.5.3. Channel Strategy
        15.1.4. Amcor Limited
            15.1.4.1. Overview
            15.1.4.2. Product Portfolio
            15.1.4.3. Profitability by Market Segments
            15.1.4.4. Sales Footprint
            15.1.4.5. Strategy Overview
                15.1.4.5.1. Marketing Strategy
                15.1.4.5.2. Product Strategy
                15.1.4.5.3. Channel Strategy
        15.1.5. Constantia Flexibles Group
            15.1.5.1. Overview
            15.1.5.2. Product Portfolio
            15.1.5.3. Profitability by Market Segments
            15.1.5.4. Sales Footprint
            15.1.5.5. Strategy Overview
                15.1.5.5.1. Marketing Strategy
                15.1.5.5.2. Product Strategy
                15.1.5.5.3. Channel Strategy
        15.1.6. Wipak Ltd
            15.1.6.1. Overview
            15.1.6.2. Product Portfolio
            15.1.6.3. Profitability by Market Segments
            15.1.6.4. Sales Footprint
            15.1.6.5. Strategy Overview
                15.1.6.5.1. Marketing Strategy
                15.1.6.5.2. Product Strategy
                15.1.6.5.3. Channel Strategy
        15.1.7. Comar LLC
            15.1.7.1. Overview
            15.1.7.2. Product Portfolio
            15.1.7.3. Profitability by Market Segments
            15.1.7.4. Sales Footprint
            15.1.7.5. Strategy Overview
                15.1.7.5.1. Marketing Strategy
                15.1.7.5.2. Product Strategy
                15.1.7.5.3. Channel Strategy
        15.1.8. West Rock Company
            15.1.8.1. Overview
            15.1.8.2. Product Portfolio
            15.1.8.3. Profitability by Market Segments
            15.1.8.4. Sales Footprint
            15.1.8.5. Strategy Overview
                15.1.8.5.1. Marketing Strategy
                15.1.8.5.2. Product Strategy
                15.1.8.5.3. Channel Strategy
        15.1.9. Aptar Group
            15.1.9.1. Overview
            15.1.9.2. Product Portfolio
            15.1.9.3. Profitability by Market Segments
            15.1.9.4. Sales Footprint
            15.1.9.5. Strategy Overview
                15.1.9.5.1. Marketing Strategy
                15.1.9.5.2. Product Strategy
                15.1.9.5.3. Channel Strategy
        15.1.10. West Rock Company
            15.1.10.1. Overview
            15.1.10.2. Product Portfolio
            15.1.10.3. Profitability by Market Segments
            15.1.10.4. Sales Footprint
            15.1.10.5. Strategy Overview
                15.1.10.5.1. Marketing Strategy
                15.1.10.5.2. Product Strategy
                15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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