The Medicine Packaging industry is worth $101.3 billion in the year 2015

The world Healthcare packaging market is a treasure of $101.3 billion in the year 2015. The medicine packaging experts and specialists analyzed the same by going through the market situation, trends and technology being used in the market, and predicted the forecast of the healthcare packaging industry in the year 2015.

It was found in this analysis that major factors responsible for the growth of the medicine packaging market are rapid development in the healthcare sector and medicine packaging industry along with the rising functional requirements for healthcare packaging products. Experts analyzed that the factors which contributes in increasing the demands of pharmaceutical products and services include the growing number of old people around the world, change in people’s lifestyles and frequently spreading chronic diseases. All these elements collaboratively boost the medicine packaging industry.

The experts concluded in this analysis, that despite of rapid growth of Indian and Chinese medicine packaging industries, USA will remain in the lead. The factors which contribute to the growth of these developing economies’ medicine industries are the increasing rate of standard of living and personal disposable income.

The Indian economy is doing well in the healthcare sector and medicine packaging industry, with the support of numerous anti clinical packaging specialists like Bilcare, who all are quality product and quality service providers. Bilcare is a global leader in anti-counterfeiting packaging and medicine packaging, which has numerous representative offices in more than 20 countries. The medicine packaging expert, Bilcare is globally renowned for its quality products and services, and in order to make sure about it, the firm has established many research and operation centers in developed Nations like Germany, Singapore, Us and others.

In materials healthcare packaging market, plastic is expected to stay ahead in the race because of its high level of adaptability and cost effectiveness and where glass is used for medicine packaging, it might get replaced by other substitutes like vision gain predicts and plastic.