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Folding Carton in Healthcare Market Size (2024 - 2029)

The folding carton market in the healthcare sector is experiencing growth driven by regulatory requirements and the need for flexible packaging solutions for various drug products. This market's expansion is supported by the increasing demand for customized packaging, particularly in pharmaceutical applications where tamper evidence and child-proof features are essential. The labeling segment is also gaining prominence due to its cost-effectiveness and sustainability, further enhancing the market's scope. However, fluctuations in raw material prices, particularly those derived from crude oil and pulp, pose challenges to the market's growth trajectory.

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Market Size of Folding Carton in Healthcare Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.72 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Folding Carton in Healthcare Market Analysis

  • The Folding carton market for the Healthcare market was valued at USD 10.63 billion in 2020 and is expected to reach USD 14.71 billion by 2026 at a CAGR of 5.72% during this forecast period of 2021 - 2026. Moreover, this Healthcare segment is defined by regulatory requirements for quality, flexibility in the packaging of various drug products, and client requirements aligned to these products. However, the major vendors in this market also provide customized folded carton packaging solutions for its customers.
  • In April 2020, Keystone Folding Box Company expanded its manufacturing capabilities with the introduction of a new die cutting and gluing equipment into its production facility. The infrastructure investment increases the company's production capacity of vial and syringe packaging by 25% and accommodates shorter lead-times.
  • The demand for folding carton has been on the rise due to increased competition in the pharma industry. The folding carton also provides additional area for regulatory information, which is limited in small vials and bottles.
  • Tamper evidence and protection from children are the latest introductions to pharmaceutical packaging. These properties are mostly achieved through a combination of material technology (strength properties) and design, which is further driving the demand for folding carton in child-proof medicine packaging.
  • The labeling segment of the folding carton market may account for a significant share over the forecast period. Easy to customize, cost-effective, and sustainable are the major features that may drive the demand for folding carton packaging and labeling.
  • The label segment is also encouraging the trend of customized and innovative packaging, which is further expanding the scope of the market studied. The RFID (radio-frequency identification) smart labeling technology is widely beingused to prevent the counterfeiting of products, especially in the pharmaceutical market.
  • However, the rapidly changing price of raw material can negatively impact the net demand of this product. Most of the raw materials of these products are derived from crude oil, which is primarily utilized during any manufacturing process. Furthermore, the price is also affected by the types of pulps used, due to the yields and price of the raw materials of pulp.

Folding Carton in Healthcare Industry Segmentation

The Folding carton in the Healthcare market is growing rapidly due to the rapid investment of governments in the healthcare sector. Folding carton for the healthcare market is segmented by Product Type, Labelling, and Geography. Moreover, the Labelling Type for this market is further segmented into Pressure Sensitive, In-Mold, Shrink-Sleeve, Glue-Applied, and Others (Custom Die-cut, etc.).

Product Type
Blisters
Vials & Ampoules
Injectables
Other Product Types (Medical Devices, etc)
Labelling
Labelling Type
Pressure Sensitive
In-Mold
Shrink-Sleeve
Glue-Applied
Others (Custom Die-cut, etc.)
Advancements in the Labelling Industry (to include coverage on the growing adoption of digital printing & Flexography Printing)
Key regulations on Medical Device Labelling (FDA, IMRDF, etc.)
Key specific manufacturers in Labelling
WS Packaging
Schreiner Group
Faubel & Co
OPM Group
Geography
North America
Europe
Asia-Pacific
Rest of the World
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Folding Carton in Healthcare Market Size Summary

The folding carton market within the healthcare sector is characterized by its adherence to stringent regulatory standards and the need for flexible packaging solutions that cater to various pharmaceutical products. This market is driven by the increasing demand for customized packaging solutions that offer tamper evidence and child-proof features, which are achieved through advanced material technology and design innovations. The rising competition in the pharmaceutical industry has further fueled the demand for folding cartons, as they provide ample space for regulatory information that is often limited in smaller packaging formats. The labeling segment, in particular, is expected to capture a significant share of the market, driven by the need for easy customization, cost-effectiveness, and sustainability. The integration of RFID technology in labeling is also gaining traction to combat product counterfeiting, especially in the pharmaceutical domain.

The Asia-Pacific region emerges as a rapidly growing market for folding cartons in healthcare, largely due to its densely populated countries like China and India, which have burgeoning pharmaceutical and healthcare sectors. The region's growth is supported by significant investments in production capacity and technological advancements, such as the introduction of digital folding carton presses. Major players in the market, including DS Smith, Edelmann Group, and CCL Industries, are expanding their manufacturing capabilities to meet the increasing demand. However, the market faces challenges such as fluctuating raw material prices, which can impact demand. Despite these challenges, the market remains competitive with numerous players investing heavily in innovation and capacity expansion to cater to the evolving needs of the healthcare industry.

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Folding Carton in Healthcare Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Stringent regulations related to discerning key product related information in the field of medical devices

      2. 1.2.2 Growing emphasis of monitoring & assisting patient medication

      3. 1.2.3 Focus on traceability & anti-counterfeiting in the healthcare sector

      4. 1.2.4 Product & Material-based innovations driven by major packaging manufacturers to drive demand

    3. 1.3 Market Challenges

    4. 1.4 Market Opportunities

    5. 1.5 Key material properties of Folding carton-based secondary packaging materials

    6. 1.6 Analysis of the impact of COVID-19 on the Folding Carton in Healthcare industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Blisters

      2. 2.1.2 Vials & Ampoules

      3. 2.1.3 Injectables

      4. 2.1.4 Other Product Types (Medical Devices, etc)

    2. 2.2 Labelling

      1. 2.2.1 Labelling Type

        1. 2.2.1.1 Pressure Sensitive

        2. 2.2.1.2 In-Mold

        3. 2.2.1.3 Shrink-Sleeve

        4. 2.2.1.4 Glue-Applied

        5. 2.2.1.5 Others (Custom Die-cut, etc.)

      2. 2.2.2 Advancements in the Labelling Industry (to include coverage on the growing adoption of digital printing & Flexography Printing)

      3. 2.2.3 Key regulations on Medical Device Labelling (FDA, IMRDF, etc.)

      4. 2.2.4 Key specific manufacturers in Labelling

        1. 2.2.4.1 WS Packaging

        2. 2.2.4.2 Schreiner Group

        3. 2.2.4.3 Faubel & Co

        4. 2.2.4.4 OPM Group

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Rest of the World

Folding Carton in Healthcare Market Size FAQs

The Folding Carton in Healthcare Market is projected to register a CAGR of 5.72% during the forecast period (2024-2029)

DS Smith, CCL Industries, Edelmann Group , Jones Healthcare Group  and Unipak Inc are the major companies operating in the Folding Carton in Healthcare Market.

Folding Carton in Healthcare Market Report Snapshots

Folding Carton in Healthcare Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)