According to Stratistics MRC, the Global Medical Packaging Films Market is accounted for $5.21 billion in 2017 and is expected to reach $8.25 billion by 2026 growing at a CAGR of 5.2% during the forecast period.
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Growth in the healthcare industry and rapid urbanization are some of the factors boosting the market growth. However, fluctuations in raw material prices are hampering the market growth.
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Medical Packaging films protect a product against outside influences that enter a package and cause a harmful effect on the product. They are used in the manufacture of packaging formats such as bags & pouches, blister packs, labels, sachets, and wraps. Film for blister packaging of medical devices and pharmaceutical tablets or capsules has been developed for specific applications requiring compliance with shelf-life standards and protection from environmental conditions.
Based on product, high barrier films segment is driven by increasing demand for barriers against moisture, gas, water, etc. Many healthcare products need high-barrier films, mostly for the products which are sensitive to moisture and oxygen. By Geography, Asia Pacific is expected to be the fastest market due to the presence of high healthcare expenditure and rising number of patient population. North America is the largest growing region during the forecast period. The growth in North America is due to growing pharmaceutical industries and increasing government support to research institutions.
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Some of the key players profiled in the Medical Packaging Films Market include Wipak Group, Dunmore Corporation, Honeywell International, Klöckner Pentaplast Europe GmbH & Co. KG, RENOLIT Group, 3M Company, Bemis Company, Inc., Berry Global Group, Inc, Toray Plastics (America) Inc, Glenroy, Inc, Ampac Hoilding LLC, Amcor, Covestro AG, Coveris Holdings S.A. and Weigao Group.
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Products Covered:
• Formable Films
• High Barrier Films
• Co-extruded Films
Materials Covered:
• Aluminum
• Oxides
• Plastic
Applications Covered:
• Bags & Pouches
• Sachets
• Blister Packs
• Lidding
• Tubes
• Other Application
End Users Covered:
• Medical Device
• Pharmaceutical
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Source: MarketersMedia
Release ID: 465917
