Medical Packaging Market: Global Industry Analysis, Size, and Forecast, 2018-2027
Category: Packaging | Publishing in: Sep 2021 | Pages: NA | Price (Single User License): US$ 4250
Medical Packaging Market Introduction
In healthcare industry hygiene is one of the top priorities for major hospitals and pharmaceutical companies. Further, rising need for preventing infection and protecting medicines and products against contamination and tampering is responsible for increasing demand for sustainable and cost-effective medical packaging products and services. Ongoing technological advancements and investment in research and development activities are resulting in the development of sterile and application-specific flexible and smart medical packaging materials & solutions. In addition, due to increase in expenditure by regulatory authority on such advanced packaging solutions, the global medical packaging market is projected to experience healthy growth during the forecast period.
The growing focus of medical devices and pharmaceutical companies to prevent and protect their products from counterfeiting and damage demand for medical packaging products and services. This is anticipated to boost the growth of the global medical packaging market during the forecast period. Additionally, increasing expenditure by healthcare facilities on advanced packaging solutions to maintain the quality of the packed item is driving medical packaging market growth. Further, lucrative growth in the implantable device market is presenting favorable opportunities for major vendors offering packaging products and solutions to the healthcare industry. This, in turn, is projected to fuel global medical packaging market growth in the near future. In contrast, fluctuation in raw material prices and stringent government regulation is anticipated to impede the medical packaging market size and growth to a certain extent.
Major segments studied in the global medical packaging market are packaging material, application, packaging product, type, end users, and geographies. Based on packaging material, the market has been bifurcated into PE, PET, PVC, aluminium, paper & paperboard, and other materials. By application, the global medical packaging market is classified into devices, equipment & tools, IVD, and implants. The type segment includes flexible packaging and rigid packaging sub-segments. The medical packaging market has been categorized based on packaging products into bags and pouches, trays, boxes, cartons, and other packaging products. The market has been studied considering major end user segments such as pharmaceuticals, hospitals, and medical device manufacturers. Key geographies captured in the global medical packaging industry report are North America, Western Europe, Eastern Europe, Latin America, Middle East & Africa, and Asia Pacific.
Medical Packaging Market Competitive Landscape
There are number of major players offering medical packaging solutions and services to end user companies operating in healthcare and pharmaceutical sectors. Prominent players identified in the global medical packaging market are 3M Company, Berry Plastics Corporation, E.I. Du Pont De Nemours and Company, Avery Dennison Corporation, Westrock Company, CCL Industries Inc., Sonoco Products Company Constantia Flexibles Group GmbH, Bemis Company, Amcor Limited, and West Pharmaceutical Services, Inc. Mergers and acquisitions is one of the major strategies followed by these players to enhance geographical presence and market share. Further, packaging product launches and strategic partnerships are other strategies adopted by key players to remain ahead in the competition in the global medical packaging industry.
Major Regions/Countries include:
- North America
- United States
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on medical packaging market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.