The Medical Packaging Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.
Medical packaging films are used for a wide range of medical and pharmaceutical products such as tablets, pills, capsules, wipes, implantable devices, unit dose medications, and diagnostic test kits. Some of the common medical packaging film structures include cold-formable films, high barrier foil and non-foil laminations, and co-extruded structures. Manufacturers of medical packaging films are very particular about product traceability, meeting FDA GMP requirements, and conducting third party and internal quality audits.
In May 2019, US collaborative flexible packaging solutions provider, ProAmpac showcased its medical and pharmaceutical flexible packaging products at CPhI North America. Child-Resistant Reclosable Easy Open, Chevron Pouches, and PRO-PEEL Medical were among key products presented at the event. Manufacturers are expected to introduce new products to cement a strong position in the global medical packaging films market.
The report includes competitive profiling of leading players such as Amcor, Berry Global Group, DuPont, Weigao Group, PolyCine, Covestro AG, Glenroy, 3M Company, Wipak Group, and Renolit SE.
The report offers deep insights into critical aspects of the global medical packaging films market, including competition, segmentation, geography, and market dynamics. It also sheds light on important business strategies of leading companies operating in the global medical packaging films market.
Get PDF template of this report: https://www.qyrconsulting.com/request-sample/15
The rising demand for bioplastic materials, high spending on healthcare facilities, and increasing prevalence of chronic diseases are anticipated to highlight the global medical packaging films market. Apart from the growth drivers mentioned earlier, the increasing requirement of bi-axially oriented films is foretold to augment the demand for medical packaging films.
However, strict regulations and policies in the medical packaging films industry and fluctuating prices of raw materials are prophesied to challenge the global market in the coming years. Nonetheless, emerging markets and the rise in the requirement of sustainable packaging solutions are expected to create opportunities for manufacturers.
- Polyvinyl Chloride
- High Barrier Film
- Thermoformable Film
According to analysts, the polypropylene material segment is expected to post the fastest CAGR during the forecast period. Polypropylene helps with enhanced gas barrier properties on the back of its ability to be metalized. Among application segments, bag is predicted to lead the global medical packaging films market on the basis of both volume and value. Medical bags are largely used in healthcare facilities, especially to meet the requirement of large quantities of affordable packaging. The type segment of thermoformable film is forecast to rise at the quickest growth rate because of the advantages of high durability and strength.
Regionally, the global medical packaging films market is predicted to witness Asia Pacific growing at the highest CAGR during the forecast period. China and India are among the highly populated countries that have a significant requirement of medical packaging films offering product safety, sustainability, and cost savings. The presence of leading manufacturers, increasing demand for sustainable packaging solutions, and availability of a robust industrial base are expected to set the tone for quick growth of the Asia Pacific market.
Report TOC, Figures and Tables: https://www.qyrconsulting.com/reports/global-medical-packaging-market
Table of Contents
Overview of the Report: The report starts with research scope, major players studied by the authors, years considered for the research study, objectives of the study, and analysis of market share by application and market size growth rate by type.
Global Growth Trends: Here, the size of the global Bio-pharma market is studied along with sales and revenue analysis. This section also includes industry trends and analysis of the growth rate of the global Bio-pharma market by region.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of revenue, sales, and share in the global Bio-pharma market.
Company Profiles: Almost all leading companies operating in the global Bio-pharma market are profiled in this section, taking into account their recent developments, market share, and other vital factors.
Market Forecast: Apart from revenue and sales forecast of the global Bio-pharma market, this section provides forecast of all
We established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.