GCC Healthcare Packaging Market Overview:
The GCC healthcare packaging market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Healthcare packaging is designed to safeguard medical devices and pharmaceutical products. It comprises two types of products, namely primary and secondary packaging. The primary packaging has direct contact with the product, such as the label, bottle, or cap. and it protects the contents from any climatic, chemical, biological, or mechanical hazards. On the other hand, secondary packaging is the outer layer of the primary packaging, which safeguards the product as well as the primary packaging. In recent years, healthcare packaging has gained momentum as it preserves the integrity of the products, while sustaining the highest medical guidelines and standards.
One of the primary factors driving the market is the increasing manufacturing output and inflating income levels across the region. Additionally, the rising number of individuals diagnosed with chronic diseases is creating a positive market outlook. Other than this, the growing environmental awareness is influencing pharmaceutical companies to shift toward sustainable procedures, thereby positively influencing the market growth. Besides this, aseptic packaging gained immense popularity on account of the rising environmental concerns as it saves energy during manufacturing while lowering the space utilization in landfills and minimizing emissions during the distribution process. In line with this, the rising prevalence of new diseases and growing health-conscious individuals are propelling the market growth. Furthermore, a significant growth of over-the-counter (OTC) drugs is driving the market growth. Besides this, the rising popularity of blister packaging in order to protect medical ingredients from moisture is creating lucrative growth opportunities for the key players. Apart from these factors, extensive research and development (R&D) activities by key players is enabling them to produce flexible packaging that benefits the environment by conserving energy while manufacturing and reducing space utilization in landfills. Moreover, several initiatives undertaken by governments of numerous GCC countries for launching cleaner and greener packaging at reduced costs and the introduction of child-resistant and tamper-evident packaging are strengthening the market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC healthcare packaging market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC healthcare packaging market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC healthcare packaging market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC healthcare packaging market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC healthcare packaging market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC healthcare packaging market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC healthcare packaging market industry. Furthermore, the value chain analysis of the GCC healthcare packaging market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Healthcare Packaging Market Segment Insights:
The GCC healthcare packaging market has been analysed as followed:
Pharmaceuticals Packaging Market
By Drug Delivery Mode:
Medical Device Packaging Market
By Product Type:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Healthcare Packaging Market Report:
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