Global demand for medical packaging is projected to grow at a CAGR of 7.4% in 2031

Posted on 2022-11-15 by Fact.MR in Chemicals // 0 Comments

The medical packaging market sheds light on product pricing, market risks, an in-depth study of technical aspects, techno-economic hubs, and other business aspects. According to market research , demand is expected to grow at a CAGR of 7.4% from 2021 to 2031, mainly due to heavy investment in developing new technologies .

The amount of money spent on medicines worldwide continues to increase. In 2020, about US$1.3 trillion (one-third of which will be in the US) will be spent on medicines, up from just US$890 billion in 2010 . The United States leads the world in overall pharmaceutical spending and is expected to continue to do so through 2025.

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Key companies profiled:

3M
Amcor Plc
Ardagh Group SA
Becton Dickinson and Company
UDG Healthcare plc
Berry Global Group Co., Ltd.
Sealed Air Co., Ltd.
Catalent Co., Ltd.
West Pharmaceutical Service Co., Ltd.
mondi group
Gelesheimer AG
Constantia Flexible Group GmbH
Nipro Co., Ltd.

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Major Segments of Medical Packaging Industry Research

By material
- plastic/polymer
  - polyethylene
  - PVC
  - polypropylene
  - polyethylene terephthalate
  - others
- glass
- metal
- others
By use
- Bottle
- tray
- Syringe/Ampule/Vial
- blister pack
- bags & pouches
- others

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Surveys answered in the Medical Packaging Market report include:

How has the medical packaging market grown?
What are the current and future prospects of global medical packaging based on region?
What are the challenges and opportunities in medical packaging?
Why is medical packaging consumption the highest in the region?
What year is the segment expected to overtake the segment?

What makes the Fact.MR report stand out from the rest?

MR follows six mechanisms known as EVOLVE (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.) . This report is specially prepared to assess the impact of COVID-19 on the medical packaging market. This mechanism focuses on almost all factors in a clear manner to provide the best research reports to market stakeholders.
Evaluation: The Fact.MR report is special because it evaluates every small aspect that can prove to be the source of growth in the medical packaging market.
Visualization: The authors involved in the research work visualize the post-COVID-19 era to provide key market stakeholders with an overview and specific insights to ensure continued growth during the forecast period. I was able to follow the steps.
Overcoming: This report examines what can prove to be the Achilles heel of the medical packaging market and assists in formulating strategies to overcome obstacles that may impede the growth of the medical packaging market.
Leverage: The medical packaging market can leverage certain aspects that can prove beneficial in increasing growth rates. Fact.MR covers all points available to key stakeholders.
Verification: Research is systematically conducted to ensure verification of all aspects covered in the report. Thoroughly re-check and verify all points to avoid flaws and false information.
Eradication: Last but not least, this aspect helps key stakeholders to eradicate all obstacles between growth rates and the medical packaging market.

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