Plastics are Increasing their Penetration in Healthcare Packaging
Plastics for Healthcare Packaging
The U.S. market for plastic healthcare packaging is expected to reach 3.8 billion pounds of products in 2010, which is expected to increase to nearly 5 billion pounds in 2015, for a 5-year compound annual growth rate (CAGR) of 5.6%. The largest segment of the market, polypropylene, is expected to reach 1.3 billion pounds in 2015, after increasing at a CAGR of 6.3% from the estimated 2010 total of nearly 1 billion pounds.( http://www.bharatbook.com/detail.asp?id=145093&rt=Plastics-for-Healthcare-Packaging.html )
The second-largest segment, polyvinyl chloride (PVC), is expected to increase from 845 million pounds in 2010 to nearly 1.1 billion pounds in 2015, for a CAGR of 5%.
The third-largest segment of the market, high-density polyethylene (HDPE), is projected to reach 813 million pounds in 2015, after rising at a CAGR of 5.1% from 634 million pounds in 2010.
The smallest segment, which is made up of such substances as polycarbonates, nylons, copolyesters (COPEs), thermoplastic urethanes (TPUs), silicones, and acrylics, is expected to increase at a CAGR of 6.3%, from 240 million pounds in 2010 to 325 million pounds in 2015.
This study looks in detail at the use of plastics in the packaging of healthcare products segmented by pharmaceutical and medical packaging.
* Pharmaceutical products, which are defined as drugs in dosage forms that are purchased and consumed by individual patients, and are either prescribed by a licensed medical practitioner or are drugs that do not require a prescription and are purchased by individuals “over the counter” (OTC). These products are usually packaged in containers, blister packs, bags/pouches, etc.
* Medical products, i.e., those used by medical practitioners themselves, in hospitals, clinics, home healthcare operations, etc. Examples are syringes, blood and intravenous solution bags, diagnostic kits, tubing, trays and other similar items.
In these changing times, with emphasis on healthcare cost control, plastics are increasing their penetration in packaging. This study covers these changes and provides analyses and forecasts for use of different plastics in this packaging market. Since a significant market for the use of plastics is the prime focus of this study, it will be of interest and value to those involved in polymer and polymer processes, from manufacture of bulk resins to converting and other plastics fabrication processes.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=145093&rt=Plastics-for-Healthcare-Packaging.html
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Packaging (Plastics) 2010 – Market Report
http://www.bharatbook.com/detail.asp?id=132992&rt=Packaging-Plastics2010-Market-Report.html
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http://www.bharatbook.com/detail.asp?id=8169&rt=Protective-Packaging.html
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