High Demand For Healthcare Packaging Anticipated The global healthcare packaging market is expected to grow at a Compound Annual Growth Rate of more than 6 percent from 2016 t0 2020, according to a new report from Technavio. Healthcare spending has increased from 9 percent of the global GDP in 2000 to around 11 percent of the global GDP in 2015, ac- cording to the report. Per capita healthcare spending will grow faster than per capita income.This will lead to an increase in the percentage of the global GDP spent on healthcare and boost the demand for health- care products including healthcare packaging. The global healthcare plastic bottles market was valued at 412.14 billion in 2015 and is expected to reach $15.29 billion by 2020, growing at a CAGR of close to 5 percent. The global healthcare caps and closures market was valued at $9.01 billion in 2015 and is expected to reach $11.96 billion by 2020, growing at a CAGR of almost 6 percent. The global healthcare blister market by was valued at $8.45 billion in 2015 and is expected to reach $11.26 billion by 2020, growing at a CAGR of close to 6 percent.
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4 October 31, 2016 Flexo Market News
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