Healthcare Packaging Through 2026

The healthcare packaging market outlook through 2026 was released earlier today (October 20, 2016). This research, conducted and produced by Commodity Inside, attempts to predict the future of the market. It helps producers and manufacturers alike know what to expect in terms of medical packaging trends and requirements. The report also provides a commentary on both existing and emerging markets, particularly where organizations may want to focus attention going forward.

Elements Affecting Healthcare PackagingCustom box for medical market

On average, countries spend 10% of the world’s Gross Domestic Product (or GDP) in the health sector every year. Populations are growing in nearly every corner of the globe. This leads to increased urbanization, increased aging population, and an overall increase in healthcare spending from consumers as well. The increase in demand is expected to continue to rise into the future.

Asia is driving much of the growth in healthcare packaging. Globally, the demand grew in 2015 by 5.6%. This equates to $65.8 billion worldwide. It’s a sizeable market, to say the least, and one still expected to grow by at least that amount in the next decade (another source predicts hitting $82 billion by 2021).  The 2026 outlook includes chapters focusing specifically on:

  • Asia (China and Japan, specifically)
  • Europe (France, Germany, Italy, Russia, Spain, the United Kingdom)
  • North America (Canada and USA)
  • Latin America (Brazil)
  • Australia
  • Middle East/Africa (Egypt and South Africa)

Each section includes a market review and a market outlook.  An appendix provides further macroeconomic information.

Medical developments are driving the demand as well. As devices become more lightweight and efficient, packaging needs to reflect those updates. Additionally, medical device packaging needs to meet the needs of consumers. That might mean using magnetic closures on boxes to aid in opening. It might mean integrating carrying components, like handles built into containers, so devices are more mobile. And, like phones and laptops, healthcare developers are always looking to make devices lighter. This means that packages need to take on more protective roles. Look for more rigid setup boxes, thermoformed protective cavities and other custom features.

About Commodity Inside

In addition to healthcare packaging, Commodity Inside also produces reports on corrugated packaging, flexible paper packaging, folding cartons, and more.

Breaking News for the Future of Corrugated

custom corrugated boxesThe Corrugated Forecast is Looking Bright

According to a press release earlier this morning, the corrugated packaging market is projected to increase by 5% from now until 2020. 5% may not seem like much, but when the industry was already valued at 150.1 billion in 2014…well, the technical term is a “boom.”

But why? Why would the oldest, most basic form of packaging be forecasting such big numbers in a world of smart packaging and luxury customizations?

Maybe because cardboard is timeless. Almost literally. A classic packaging product, corrugated cardboard is still the most functional. Thanks to its fluted walls, cardboard boxes provide lightweight-but-durable cushion for a variety of products big and small. It can be printed upon for clarity of product. It ships flat, which is a huge space (and money) saver. Thankfully, it’s also eco-friendly, being recycled itself and recyclable in turn. Yes, corrugated cardboard really is a miracle material when it comes to custom packaging.

But, seriously, why the boom?

It’s hard to believe in a world of smart packaging–interactive, trackable retail boxes–the cardboard box could even compete. After all, in their basic form, corrugated cardboard boxes are sort of the ugly duckling of packaging. However, it’s hard to compete with its shippibility. For starters, it ships flat and in bulk which is nearly priceless to business owners. Once assembled and filled, that same lightness that makes it cheap to ship incoming keeps shipping rates low on the outgoing.

Tuck TabOne Piece Folder

And, if you hadn’t noticed, e-commerce is booming like never before. There’s your answer: corrugated packaging is riding the wave of internet sales. Think Amazon. Think Loot Crate. Think any of those ______-of-the-Month clubs. Everything from craft beer to razor blades have a monthly shipment service these days, and corrugated cardboard packaging is keeping the bulk of these products safe in their travels.

While many online subscription clubs have embraced the eco-friendly look of cardboard, they are not without personalization. Many of these companies rely on YouTube unboxings for their advertising. Often times, companies like Loot Crate and Nerd Block will send out sample products to be opened live in YouTube clips–a hybrid of testimonials and demonstration videos. That on-the-spot Christmas Morning feel of seeing the products opened for the first time really makes the packaging the star of the show–or at the very least, the opening act. Now more than ever, custom cardboard boxes for retail need to be unique and visually appealing. Will presentation packaging see the same boom?

Product Launch Kits and Why You Need One

Product launch kits are like battering rams for new business owners. These customized kits don’t just put a foot in the door–they kick it in and take a stand! For a variety of reasons, launch kits can put your product at the top of the charts when it comes to retail.

 

What are Product Launch Kits Exactly?

 

Fair question. For packing such a powerful punch, one might think a product launch kit is some sort of secret weapon. A specific tool, like a wrench. In actuality, a launch kit’s real power relies on its ability to be customized. Adaptable. A launch kit can be tailor fit to any consumer or company.

 

Physically, product launch kits are customized corrugated boxes, typically with an E-Flute wall structure for emphasizing graphics and logos. An appealing, attractive box that can store and support a new product, as well as any informational materials that come along with it. Keeping those elements in mind, the options for a final launch Kit are nearly limitless.

 

Under Armour E-Flute product launch kit for marketing

 

Where to Start

 

When trying to decide on the right product launch kit, it’s important to consider where your product is at in the marketing/retail process. Is your product fresh and new, barely out of the prototype stages? Is your product an established tool or concept that has seen plenty of shelf time? Is your product practical, or is it for pleasure? Or entertainment? Is your product trying to reach a typical shopper? Or is it specialized to a particular industry, like medical equipment?

 

For products fresh out of the gate, product launch kits are invaluable. There’s no substitute for getting your product into the right hands. Tactile contact is still one of the biggest advertising tenets. When you get your hands on a wrench, you know what it does, right? This isn’t always true with a brand new invention or product, which is where a launch kit comes in. It can answer questions, show diagrams, all while keeping your product in a potential buyer’s hands. Product launch kits can even be made to look like actual retail packaging to give a store a peek at what your product might look like on their shelves.

 

But maybe your product has been around the block. Maybe your product isn’t even a product. Perhaps it’s a new idea for a non-profit organization, or a new promotion from a timeless sports team. In which case, your product launch kit might be more of a relaunch kit. This is also an effective tool, breathing a second wind into a classic model. Maybe your custom launch kit could be more subtle in its design, opting for a glossy laminate with a stark logo instead of informative blurbs and splashes of color.

Custom presentation packaging product launch kits for Minnesota Vikings

Customization is King

 

No matter which stage in the spectrum your product–or property–is at, the best part of a product launch kit is its ability to be loaded with SWAG. When fit with a die-cut foam insert, or thermoformed tray, a launch kit can store not only the actual product, but related materials, flash drives, and any other relevant promotional materials. If you’re a gym, maybe you want to include a water bottle with your logo, or a personalized sweatband. With a custom foam insert, a launch kit can house just about any giveaway goodie. These promotional items will add value and also increase notoriety.

 

custom presentation packaging, Custom cigar stle box, custom packaging, foil stamping, sbs trays

 

Bottom Line? In today’s market, it will be difficult to make a splash without some sort of custom product launch kit. The days of pamphlets and firm handshakes are over. With so many products and innovations, don’t you think your business card should be a little more three-dimensional?