The flexible packaging is one of the most important packaging, showing varied types of materials and packaging extensively used across the regions. The packaging of healthcare products is a broad and difficult task. It completely differs from the normal food packaging and is challenging as well. This packaging is majorly responsible for providing medical treatments, life-saving drugs, medical devices and latest products such as medical nutritionals in every dosage form to deliver every form of powder, suspension, solid, supplement, poultice, liquid or drop to people globally.
According to Data Bridge Market Research the Global Flexible Packaging for Healthcare Market was valued at USD 76,550.00 million in 2021 and is expected to reach USD 117480.25 million by 2029, registering a CAGR 5.50% during the forecast period of 2022 to 2029.
“Adoption of plastic for packaging to Facilitate Market Growth”
The manufacturers in the flexible packaging for healthcare sector are majorly adopting diverse plastic molding techniques such as injection molding, blow molding, and thermoforming to meet the specific demands of several pharmaceutical clients. They help in producing flexible tubes, sachets, and blister packs among others to increase the revenue streams which in turn is expected to drive the market growth rate.
What restraints the growth of Flexible Packaging for Healthcare Market?
“Strict rule and regulations associated with the use of plastic”
The rising strict rules and regulations that are associated with the use of plastic is hampering the growth of the market. The strict rules and regulations which are enrolled by the governments worldwide for the use of plastic in the packaging of several healthcare products are anticipated to obstruct the growth rate of the flexible packaging for healthcare market.
Segmentation: Flexible Packaging for Healthcare Market
The flexible packaging for healthcare market is segmented on the basis of product, material, design, technology and end-user.
- On the basis of product, the flexible packaging for healthcare market is segmented into pillow pouches, stand-up pouches, four side seal pouches.
- Based on material, the flexible packaging for healthcare market is segmented into plastic, paper, recycled cellulose fiber, aluminum foil, bioplastics.
- On the basis of design, the flexible packaging for healthcare market is segmented into bags and trays, pouches, squeezable bottles, rollstock, wraps, blisters.
- Based on technology, the flexible packaging for healthcare market is segmented into flexography, rotogravure, digital, others.
- On the basis of end-user, the flexible packaging for healthcare market is segmented into pharma and biological, medical supplies, medical devices.
Regional Insights: Asia-Pacific is expected to dominate the Flexible Packaging for Healthcare Market
North America is expected to be the fastest developing region during forecast period of 2022 to 2029 because of the increasing innovation on barrier materials and improving economic outlook in this region.
In addition, Asia-Pacific will dominate the flexible packaging for healthcare market due to the increasing demand for flexible packaging for healthcare. The Asia-Pacific region leads the market because of the wide easy availability of raw material that has been associated with low-cost labour, better production facilities and growing disposable income in this region.
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Recent Developments in Flexible Packaging for Healthcare Market
- In 2020, Berry Global Group Inc. collaborated with Mondelez International to provide cream cheese packaging made from recycled plastic. This is projected to set a new trend of recycled packaging and provide gain to the market.
- In 2021, Catalent Inc. signed an agreement with Acorda Therapeutics Inc. wherein Catalent will acquire Acorda’s facility in Chelsea. This deal will act as a global centre of excellence and provide major commercial-scale capacity for several new customer programs.
The Prominent Key Players Operating in the Flexible Packaging for Healthcare Market Include:
- Amcor plc (Switzerland)
- Bemis manufacturing company (U.S.)
- Chesapeake (U.S.)
- Dupont (U.S.)
- Klöckner Pentaplast (Germany)
- 3M (U.S.)
- WestRock Company (U.S.)
- Mitsubishi Chemical Group Corporation (Japan)
- Sonoco Products Company (U.S.)
- Berry global Inc. (U.S.)
- Tekni-Plex. (U.S.)
- Aphena Pharma Solutions (U.S.)
- The CAMAC Group (Netherlands)
- TOPPAN INC. (Japan)
- Avery Dennison Corporation (U.S.)
- CCL Industries (Canada)
- Constantia Flexibles (Austria)
- Wipak Group (Finland)
Above are the key players covered in the report, to know about more and exhaustive list of flexible packaging for healthcare market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Flexible Packaging for Healthcare Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
