Global Medical Packaging Market Report 2019: Market Anticipated To Have A CAGR Of 6% Between 2020 To 2026
Posted On December 30, 2019
As per the report published by Value Market Research on the Global Medical Packaging Market, the market value is expected to have a CAGR of 6 % between 2020 and 2026. The advancements in technology and the evolving medical & healthcare facilities are the primary drivers of the growth of the global medical packaging market. The introduction of eco-friendly packaging material reduces carbon footprints is another factor driving the growth of the market. Medical packaging provides the ease of identifying surgical kits to the nurses and doctors and the introduction of color-coded inner and outer labels in the market is likely to propel the growth of the global medical packaging market. However, the fluctuations in prices of the resin and environmental issues related to some packaging materials are likely to hamper the growth of the market.
Medical packaging refers to the process that is carried out for pharmaceutical products. It is essential for maintaining the quality of pharmaceutical products along with guaranteed patient safety and efficiency of the medicine through the calculated shelf life and quality control. Medical packaging is also intended to protect the products from oxygen, moisture, heat, microbial contamination and sterility. Pharmaceutical products usually have two types of packaging primary and secondary. The primary packaging has components that have direct contact with the product such as a bottle, cap or label. The key purpose of primary packaging is to protect the product from any chemical, climatic, biological or mechanical hazards that may lead to the deterioration of the product. Secondary packaging is external to primary packaging and is the packaging that is visible to the customer. The secondary packaging intends to protect both the healthcare product as well as the primary packaging. The secondary packaging provides the additional physical protection required to ensure the safe warehousing and for refill packaging.
The report “Global Medical Packaging Market Report By Packaging Type (Bags & Pouches, Flow Wraps, Stick Packs, Trays, Clamshell Blister Packs, Boxes, Cartons And Containers), Material Type (PE, PET, PP, PS , PVC , Aluminium, Glass, Paper Laminates, Fabric And Others), End Use (Pharmaceuticals, Medical Devices And Hospitals) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market analysis by segments, market dynamics and the key players of the global medical packaging market.
By packaging type, bags & pouches, flow wraps, stick packs, trays, clamshell blister packs, boxes, cartons and containers are the segments of the medical packaging market globally where bags and pouches have been identified as the leading segment as per the report.
By material type, PE, PET, PP, PS, PVC, aluminum, glass, paper laminates and fabric are the segments of the global medical packaging market. PE has emerged as the leading segment based on material.
By end-use, pharmaceuticals, medical devices and hospitals are the classifications of the global medical packaging market as per the report. Pharmaceuticals have been identified as the dominating segment based on end-use.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the regional segments of the global medical packaging market where North America has emerged as the global leader of the medical packaging market.
The Report Segments Global Medical Packaging Market -
By Packaging Type
- Bags & Pouches
- Flow Wraps
- Stick Packs
- Clamshell Blister Packs
By Material Type
- Paper Laminates
By End Use
- Medical Devices
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Alpha Packaging, Amcor Limited, Becton Dickinson and Company , Bemis Company, Inc., E. I. du Pont de Nemours and Company., Gerresheimer AG, Mondi Group, Schott AG, West Rock Company and Winpak Ltd
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