Medical Flexible Packaging Market - Global Industry Analysis

Medical Flexible Packaging Market

Medical Flexible Packaging Market Size - By Application (Medical Devices, IVDs, Implants, and Contract Packaging), By Material (Paper, Plastics, Non-Woven Fabric, Polymer, and Aluminum), By Packaging (Trays, Boxes, Pouches, Bags, Labels, Seals, Lids, and High Barrier Films), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 23-Jun-2021 Category: Packaging Report Format : PDF Pages: 130 Report Code: ZMR-6417 Status : Published

The global Medical Flexible Packaging market accrued earnings worth approximately 14.9(USD Billion) in 2019 and is predicted to gain revenue of about 27.3(USD Billion) by 2026, is set to record a CAGR of nearly 6.87% over the period from 2020 to 2026.

Medical Flexible Packaging Market

Description

Medical Flexible Packaging Market Size And Industry Analysis

The global Medical Flexible Packaging market accrued earnings worth approximately 14.9(USD Billion) in 2019 and is predicted to gain revenue of about 27.3(USD Billion) by 2026, is set to record a CAGR of nearly 6.87% over the period from 2020 to 2026. The report offers assessment and analysis of the Medical Flexible Packaging market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Report Scope ;

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

 

Medical Flexible Packaging Market: Overview

Medical flexible packaging is produced from flexible substance that readily take the form of the products that are to be packaged. Moreover, medical flexible packaging includes wraps, seals, lids & labels, high-barrier films, and pouches & bags. Apart from this, various materials are utilized for producing medical flexible packaging including aluminum, polypropylene, paper, polyethylene, polyvinyl chloride, and polyethylene terephthalate.

Medical Flexible Packaging Market: Growth Drivers

A slew of benefits offered by medical flexible packaging such as product penetration, low wastage, and shipping facility along with ability of minimizing packaging mass by about 70% will steer industry trends. Industry players are focusing more on expanding their customer base across the national borders with a view to accrue huge profit margins through focus on labor cost reduction. This, in turn, will drive medical flexible packaging market trends. Medical flexible packaging business is highly competitive and firms are trying to improve their brand positioning along with adding new products to existing product line, thereby driving the expansion of medical flexible packaging market size.

Moreover, paradigm shift in the technology sector has resulted in introduction of new domains such as big data analytics and artificial intelligence. These breakthroughs are anticipated to aid the growth of medical flexible packaging industry over the forecast timespan. Need for preventing product damages along with improving supply chain management activities will prompt expansion of medical flexible packaging activities across the globe in the years to come. Apart from this, necessity of increasing aesthetic value of packaged products and need protecting the products from changing climatic conditions & spoilage is likely to translate into humungous market growth over the upcoming years. Nevertheless, strict government norms pertaining to use of polymers in manufacturing packaging materials and oscillating costs of polymers will put brakes on the business growth.

 Regional Landscape

Asia Pacific To Make Major Contributions Towards Overall Market Revenue Share By 2026

The regional business growth over the assessment period can be credited to huge penetration of medical flexible packaging materials in countries like China and India. Massive demand for medical flexible packaging solutions in flourishing healthcare sector in APAC will further exponentiate the market scope in the upcoming years. Increase in the contract manufacturing activities for reducing operating costs is likely to unleash new avenues of growth for medical flexible packaging industry in Asia Pacific over the upcoming years.

Competitive Landscape

Key players profiled in the study include Aptar, Inc., Bemis Company, Inc., Becton, Dickinson & Company, Catalent Pharma Solutions, Sealed Air, Huhtamäki Oyj, CCL Industries, Inc., Coveris S.A., Amcor, Dätwyler Holding, Inc., WestRock, Berry Global, Gerresheimer, Winpak Ltd., and Mondi.

The global Medical Flexible Packaging Market is segmented as follows:

 By Material   

  • Paper
  • Plastics
  • Non-Woven Fabric
  • Polymer
  • Aluminum

By Application

  • Medical Devices
  • IVDs
  • Implants
  • Contract Packaging

By Packaging

  • Trays
  • Boxes
  • Pouches
  • Bags
  • Labels
  • Seals
  • Lids
  • High Barrier Films

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

A slew of benefits offered by medical flexible packaging such as product penetration, low wastage, and shipping facility along with ability of minimizing packaging mass by about 70% will steer industry trends. Industry players are focusing more on expanding their customer base across the national borders with a view to accrue huge profit margins through focus on labor cost reduction. This, in turn, will drive medical flexible packaging market trends. Medical flexible packaging business is highly competitive and firms are trying to improve their brand positioning along with adding new products to existing product line, thereby driving the expansion of medical flexible packaging market size.

Moreover, paradigm shift in the technology sector has resulted in introduction of new domains such as big data analytics and artificial intelligence. These breakthroughs are anticipated to aid the growth of medical flexible packaging industry over the forecast timespan. Need for preventing product damages along with improving supply chain management activities will prompt expansion of medical flexible packaging activities across the globe in the years to come.

According to Zion market research report, the global Medical Flexible Packaging market accrued earnings worth approximately 14.9(USD Billion) in 2019 and is predicted to gain revenue of about 27.3(USD Billion) by 2026, is set to record a CAGR of nearly 6.87% over the period from 2020 to 2026.

Asia Pacific continent will contribute lucratively towards the global market revenue over the estimated timeline. The regional market surge can be ascribed to huge penetration of medical flexible packaging materials in countries like China and India. Massive demand for medical flexible packaging solutions in flourishing healthcare sector in APAC will further exponentiate the market scope in the upcoming years. Increase in the contract manufacturing activities for reducing operating costs is likely to unleash new avenues of growth for medical flexible packaging industry in Asia Pacific over the upcoming years.

 

The key market participants include Aptar, Inc., Bemis Company, Inc., Becton, Dickinson & Company, Catalent Pharma Solutions, Sealed Air, Huhtamäki Oyj, CCL Industries, Inc., Coveris S.A., Amcor, Dätwyler Holding, Inc., WestRock, Berry Global, Gerresheimer, Winpak Ltd., and Mondi.

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