Medical Flexible Packaging Market Overview, Cost Structure Analysis and Forecast to 2028

Posted on 2022-09-14 by researchinsights in Industrial, Pharmaceuticals // 0 Comments

San Francisco, California , USA, Sept 14, 2022 — /EPR Network/ —

Medical Flexible Packaging Industry Overview

The global medical flexible packaging market size was valued at USD 15.8 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028.

The growing pharmaceutical market in emerging economies and the growth of drug delivery systems are driving the market. Extensive use of flexible packaging solutions in the medical and pharmaceutical sectors on account of product variety, low weight, easy disposal, and requirement of less raw material is driving the market growth. Pouches & bags was the key product segment of the market in 2020. These products are available in multiple sizes and have a wide scope of application in various end-use sectors, which drive their demand.

High barrier films are estimated to be the fastest-growing product segment from 2021 to 2028. The demand for BOPET and polyvinylidene chloride barrier films is expected to remain high over the forecast period due to the presence of many manufacturers. The major materials that are used for the manufacturing of flexible packaging products are plastics, paper, and aluminum, of which, the plastics material segment accounts for the largest share of the global market.

Gather more insights about the market drivers, restrains and growth of the Global Medical Flexible Packaging market

Higher tensile strength than their metal counterparts and a wide variety of options offered by these materials are expected to drive segment growth in the years to come. Over the past decade, the use of medical disposable products has increased significantly, driving the demand for medical flexible packaging. Numerous medical products used in healthcare facilities, such as trays, pre-filled syringes, needles, thermometers, and scalpels, are available as disposables.

Disposable products offer advantages, such as the convenience of usage, sterility, and safety. Single-use disposables are also cost-effective and efficient as they eliminate the need to re-sterilize the product before using. The reduction of risk of cross-contamination is another key factor driving the demand for disposable products, which, in turn, is boosting the market growth.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

Thermoplastic Elastomer Market – The global thermoplastic elastomer market size was valued at USD 21.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.
Polytrimethylene Terephthalate Market – The globalpolytrimethylene terephthalate market size was valued at USD 896.8 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% over the forecast period.

Medical Flexible Packaging Market Segmentation

Grand View Research has segmented the global medical flexible packaging market on the basis of material, product, end-use, and region:

Medical Flexible Packaging Material Outlook (Revenue, USD Million, 2017 – 2028)

Plastics
Paper
Aluminum
Bioplastics

Medical Flexible Packaging Product Outlook (Revenue, USD Million, 2017 – 2028)

Seals
High Barrier Films
Wraps
Pouches & Bags
Lids & Labels
Others

Medical Flexible Packaging End-use Outlook (Revenue, USD Million, 2017 – 2028)

Pharmaceutical Manufacturing
Medical Device Manufacturing
Implant Manufacturing
Contract Packaging
Others

Medical Flexible Packaging Regional Outlook (Revenue, USD Million, 2017 – 2028)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Medical Flexible Packaging market include

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

Order a free sample PDF of the Medical Flexible Packaging Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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