Blood Glucose Test Strip Packaging Market Size | USD 165.82 Mn

Blood Glucose Test Strip Packaging Market Companies Growth Insights

The global blood glucose test strip packaging market size reached US$ 40 million in 2023 and is projected to hit around US$ 165.82 million by 2034, expanding at a CAGR of 13.8% during the forecast period from 2024 to 2034.

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The key players operating in the market are focused on adopting inorganic growth strategies like acquisition and merger to develop advance technology for packaging blood glucose test strip which is estimated to drive the global blood glucose test strip packaging market over the forecast period.

Major Key Insights of the Blood Glucose Test Strip Packaging Market

• North America dominated the blood glucose test strip packaging market in 2023.
• Asia Pacific is expected to grow at a significant rate in the market during the forecast period.
• By type, test strip vial/ tube segment is expected to grow at significant rate during the forecast period.
• By application, the glucose oxidase-based test strips segment dominated the blood glucose test strip packaging market in 2023.

Market Overview

Blood glucose test strip packaging refers to the materials and design used to contain and protect blood glucose test strips, which are used to measure blood sugar levels. This packaging typically includes: container, labelling, and instructions. The market offers  vial or box that keeps the strips safe from moisture and light. Proper packaging is essential for maintaining the accuracy and efficacy of the test strips.

Increasing diabetes cases globally create a higher demand for blood glucose monitoring. More individuals diagnosed with diabetes leads to a higher demand for blood glucose test strips, which drives the need for appropriate packaging. Patients require regular monitoring to manage their condition effectively, resulting in the need for larger quantities of test strips and consequently, more packaging. The global packaging industry size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.

Top 10 Factors Driving Blood Glucose Test Strip Packaging Market’s Growth

• The key players operating in the market are focused on geographic expansion and launching their glucose test strip brand in other countries which is expected to drive the growth of the blood glucose test strip packaging market in the near future.
• Increasing focus on cost reduction and production efficiency can drive the specialty market growth further.
• Emerging markets and trends for glucose test strip diagnoses is expected to drive the growth of the global blood glucose test strip packaging market over the forecast period.
• Increasing regulatory support is estimated to drive the growth of the market over the forecast period.
• Increasing in adoption of the advanced technology for the production of glucose test strip packaging is estimated to drive the growth of the global blood glucose test strip packaging market in the near future.
• Innovations in test strip technology improve accuracy and ease of use, boosting market growth.
• Growing awareness about diabetes management and preventive healthcare encourages more frequent testing.
• Supportive regulations and approval processes for glucose monitoring devices and their packaging can facilitate market expansion.
• The rise of online shopping makes these products more accessible to consumers.
• Developments in packaging materials that enhance shelf life and usability contribute to market growth.

Sustainability Trend & Smart Packaging: Market’s Largest Potential

Increasing demand for eco-friendly packaging materials as consumers and manufacturers focus on reducing environmental impact. Packaging innovations aimed at improving usability, such as easy-open vials and single-use strips to enhance convenience. Tailored packaging solutions that cater to different demographic needs, including those of elderly patients who may require simpler designs.

The integration of technology, such as QR codes and digital interfaces, for better user instructions and enhanced traceability. Development of packaging that better protects test strips from moisture and light, ensuring longer shelf life and reliability.

Market Challenge

Several factors restrain the growth of the blood glucose test strip packaging market which have been mentioned here as follows. In mature markets, saturation can limit growth opportunities, making it challenging for new entrants to gain a foothold. The emergence of non-invasive glucose monitoring technologies may reduce reliance on traditional test strips.

Global supply chain issues can impact the availability of materials needed for packaging, affecting production capabilities. High manufacturing costs for advanced packaging materials can limit market expansion, especially in price-sensitive regions.

Regional Insights

North America’s Advanced Healthcare System to Support Dominance

North America region dominated the global blood glucose test strip packaging market in 2023. Well-established healthcare systems facilitate access to diabetes management tools, including test strips. Continuous advancements in test strip technology lead to better accuracy and convenience, boosting market growth. Increased awareness of diabetes and its management encourages regular testing, driving demand for test strips. The rising elderly demographic, which is more prone to diabetes, further enhances the need for monitoring solutions.

A shift toward home-based healthcare solutions increases demand for user-friendly blood glucose monitoring devices and their packaging. Favorable regulatory frameworks can expedite the approval process for new products, encouraging innovation in packaging. The rise of online shopping platforms enhances accessibility to diabetes management products, expanding market reach. These factors collectively contribute to a robust growth environment for the blood glucose test strip packaging market in North America.

Increasing launch of the new blood glucose test strip in North America, has increased the demand for the blood glucose test strip packaging, which is estimated to drive the growth of the blood glucose test strip packaging market in North America.

• For instance, Prevounce Health, healthcare and remote care management software company based in Indiana, U.S., uneviled the introduction of the new cellular-connected blood glucose meter named Pylo GL1-LTE for remote patient monitoring.

Asia’s Rising Prevalence of the Diabetes to Support Fastest Growth

Asia Pacific region is anticipated to grow at the fastest rate in the blood glucose test strip packaging market during the forecast period. A significant increase in diabetes cases across countries like China, India, Japan, etc. driven by lifestyle changes and urbanization. An expanding middle class with increased disposable income is more likely to invest in health management tools, including blood glucose monitoring. Growing awareness about diabetes in Asia Pacific region and its management leads to a higher demand for monitoring solutions. Increasing prevalence of the diabetes in the Asia Pacific region is estimated to drive the growth of the blood glucose test strip packaging market in the region.

• For instance, in March 2023, According to the National Noncommunicable Disease Monitoring Survey (NNMS), 9.3% of Indians were estimated to have diabetes. According to estimates from the International Diabetes Federation (IDF), the prevalence was 9.7% in 2023 and was expected to rise to 10.4% by 2030. By 2045, it is anticipated that over 124 million Indians will have been diagnosed with diabetes, up from an estimated 67 million in 2023.

Segmental Insights

Test Strip Vial/ Tube to Led the Market in 2023

The test strip vial/ tube segment held a dominant presence in the blood glucose test strip packaging market in 2023. Vials and tubes offer better protection against moisture and environmental factors, ensuring the integrity of the test strips. The easy-to-use packaging designs of test strip vial/tube, such as screw caps or flip-tops, enhance user experience, encouraging more frequent purchases. Increased demand for eco-friendly packaging solutions encourages the development of sustainable materials for vials and tubes. Shifts toward more hygienic and single-use packaging options can drive demand for sealed vials and tubes that ensure sterility.

Glucose Oxidase-based Test Strips to Show Notable Growth

The glucose oxidase-based test strips segment accounted for a notable share of the blood glucose test strip packaging market in 2023. The glucose oxidase-based test strips specifically measure glucose levels, minimizing interference from other substances in the blood. The enzymatic reaction provides reliable and accurate results, which are crucial for diabetes management. These strips can detect low glucose levels, making them suitable for both high and low readings. The reaction time is generally quick, allowing users to obtain results within seconds.

The glucose oxidase-based test strips are designed for simple application; they are user-friendly for individuals managing their diabetes at home. Glucose oxidase-based strips typically have a longer shelf life and stable performance under various conditions. They often require a small blood sample, which is less invasive and more comfortable for users. Widely available and relatively affordable, they make regular glucose monitoring accessible to many users.

New Advancements in Blood Glucose Test Strip Packaging Industry

• In June 2024, Abbott Laboratories, medical device company, and Dexcom, company that develops and manufactures continuous glucose monitoring (CGM) systems, revealed that the company received approval from the Food and Drug Administration for the over-the-counter continuous glucose monitors and its strips.
• In October, 2024, Ascensia Diabetes Care, diabetes care company, revealed the introduction of the Eversense 365 continuous glucose monitoring (CGM) system.

Blood Glucose Test Strip Packaging Market Companies

• Sanner GmbH
• Aptar
• Airnov Healthcare Packaging
• Shanghai Devron
• Shijiazhuang Xinfuda Medical Packaging
• IMPAK Corporation
• Laminatedfilms & Packaging
• Wisesorbent Technology LLC
• Sonic Packaging Industries
• Shengfeng Plastic

Blood Glucose Test Strip Packaging Market Segments

By Type

• Test Strip Vial/ Tube
• Single Foil Pouch

By Application

• Glucose Oxidase-based Test Strips
• Glucose Dehydrogenase-based Test Strips

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait