MARKET OVERVIEW:
The HIPS for medical packaging market continues to solidify its role as a critical material solution for balancing performance, safety, and cost in the healthcare supply chain. Its indispensable function in providing robust protection for sensitive products, ensuring compliance with stringent sterility standards, and offering a favorable cost-to-performance ratio makes it vital for a wide range of medical packaging applications, from thermoformed trays to device clamshells.
MARKET SEGMENTATION:
01
02
⚬ Extrusion Molding HIPS
⚬· Injection Molding HIPS
⚬· Other BY TYPE
· Others BY APPLICATIO N
⚬Work-in-progress Trays
⚬· Thermoformed Pharmaceutical Packaging
⚬· Packaging for Economical Medical Devices
Stringent Environmental Regulations Fueling
MARKET DYNAMICS
Adoption of Clean Fuel Technologies
Global High Impact Polystyrene (HIPS) for Opaque Rigid Medical
Packaging market is experiencing significant expansion, with its valuation reaching USD 1.42 billion in 2024. Industry analysis projects the market will grow from USD 1.51 billion in 2025 to USD 2.16 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period. This versatile thermoplastic polymer is essential for manufacturing protective, compliant, and costeffective packaging for medical devices, pharmaceuticals, and diagnostic kits, where its excellent
MARKET OPPORTUNITIES
Global healthcare industry's unwavering focus on patient safety and product integrity, requiring packaging that offers excellent physical protection and maintains sterility, remains the fundamental consumption driver for HIPS. Stringent international regulatory standards (e.g., ISO 11607, USP Class VI) that mandate reliable, sterilization-compatible materials for medical packaging create a consistent, compliance-driven demand.
COMPANY MISSION
Our mission at 24 Chemical Research is to support the global chemical value chain through indepth research, emerging technology tracking, and sustainability-focused market analysis. We aim to bridge science, industry, and strategy by delivering insights that drive responsible growth, innovation, and long-term value creation.
REGIONAL MARKET OUTLOOK
North America
North America stands as the leading regional market, driven by an advanced healthcare infrastructure, stringent regulatory oversight by the FDA, and a high concentration of pharmaceutical and medical device manufacturers. The demand is fueled by the need for reliable, compliant packaging that ensures product sterility and patient safety.
Europe
Europe represents a major, highly regulated market characterized by strong EU-wide standards and a wellestablished medical device sector. Countries like Germany and France are key consumers, with a significant emphasis on product quality and an increasing focus on circular economy principles. This is prompting research into recyclable HIPS formulations, creating a sophisticated market environment that balances stringent performance requirements with growing
COMPETITIVE LANDSCAPE
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
TotalEnergies (
SABIC
Trinseo
Versalis (Eni)
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth.
Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently. As a one-stop platform for the chemical sector, we offer:
⚬Deep in chemical market analysis
⚬Customized specialization reports tailored to your needs
⚬A robust portal with free samples, consulting, and competitive insights www.24chemicalresearch.co
