Global Medical Packaging Films Market, By Material (Polyethylenes (PE), Polypropylene (PP), Polyamide (PA), Polyvinyl Chloride (PVC), Others), Type (Thermoformable Film, High Barrier Film, Metallized Film, Others), Application (Bags, Tubes, Others), Film Structure (Laminations, Coextrusions, Single Films), End-User (Medical Device, Pharmaceutical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Medical Packaging Films Market
Medical packaging films market will reach an estimated valuation of USD 9.61 billion by 2028, while registering this growth at a rate of 5.32% for the forecast period of 2021 to 2028. Medical packaging films market report analyses the growth, which is currently being growing due to the increase in demand for bioplastic material.
The materials used for the pharmaceutical packaging process are known as films for medical packaging. The pharmaceutical packaging is primarily used to secure and conceal the items to be used by the customer. Such packaging serves as a barrier of protection against external factors and environmental conditions before the customer reaches the point where the product is prepared for use. Medical packaging films have extensive applications in the production of myriad packaging types such as bags, pouches, wraps, sachets, labels and blister packs.
Surging volume of patients suffering from chronic disorders along with rising expenditure of healthcare facilities, increasing demand of bi-axially oriented films, increasing adoption of medical bags for low-cost packaging in the medical and pharmaceutical industries, rising preferences towards eco-friendly, biodegradable, cost-efficient, and flexible packaging films, increasing need for implantable devices coupled with the rapid growth of the healthcare sector are some of the major as well as vital factors which will likely to augment the growth of the medical packaging films market in the projected timeframe of 2021-2028. On the other hand, growth in demand for sustainable packaging solutions along with rising awareness among the people regarding the benefits of the product which will further contribute by generating massive opportunities that will lead to the growth of the medical packaging films market in the projected timeframe mentioned above.
Volatility in the prices of raw material along with stringent rules and regulations which will likely to act as market restraints factor for the growth of the medical packaging films in the projected timeframe mentioned above. Numerous environmental regulations for the packaging of medical products which will become the biggest and foremost challenge for the growth of the market.
This medical packaging films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on medical packaging films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Packaging Films Market Scope and Market Size
Medical packaging films market is segmented on the basis of type, material, film structure, end-user, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the medical packaging films market is segmented into thermoformable film, high barrier film, metallized film, and others. Others have been further segmented into coated film, co-extruded film, and cold-formable film.
- Based on material, the medical packaging films market is segmented into polyethylenes (PE), polypropylene (PP), polyamide (PA), polyvinyl chloride (PVC), and others. Others have been further segmented into polyethylene terephthalate, polystyrene, and ethylene-vinyl acetate.
- On the basis of film structure, the medical packaging films market is segmented into laminations, coextrusions, and single films.
- Based on end-user, the medical packaging films market is segmented into medical device, and pharmaceutical.
- Medical packaging films market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for medical packaging films market includes bags, tubes, and others. Bags have been further segmented into blood bags, parenteral nutrition bags, drainage bags, biomedical bags, and other bags. Others have been further segmented into blister packs, lidding, and sachets.
Medical Packaging Films Market Country Level Analysis
Medical packaging films market is analysed and market size, volume information is provided by country, type, material, film structure, end-user, and application as referenced above.
The countries covered in the medical packaging films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the medical packaging films market due to the increasing demand for medical packaging films owing to various features such as lightweight, sustainability, safety, and cost-effectiveness along with rising adoption for sustainable packaging solutions in the region. Europe region is expected to hold the largest growth rate due to the growth in awareness regarding waste management among consumers in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Medical Packaging Films Market Share Analysis
Medical packaging films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical packaging films market.
The major players covered in the medical packaging films market report are Amcor plc; Berry Global Inc.; DuPont.; RENOLIT SE; Weigao group; POLYCINE GmbH; Covestro AG; Glenroy, Inc.; 3M; Wihuri Group; TORAY INTERNATIONAL, INC.; Klöckner Pentaplast; DUNMORE.; TEKRA, LLC.; Coveris.; WINPAK LTD.; Honeywell International Inc; Celanese Corporation; AMERICAN POLYFILM, INC.; Majilite Corporation.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.