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.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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 |
|
Key Companies Profiled |
|
By 2024, the estimated valuation of the plastic healthcare packaging industry is US$ 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 US$ 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 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
Explore Packaging Insights
View Reports