As per this study the Global Medical Packaging Market was valued at USD 56.44 BN (by revenue) in 2021 and is anticipated to reach USD 92.36 BN by 2028 with a CAGR of 7.29%.
Medical packaging is a process carried out for pharmaceutical products. It is important for maintaining the quality of pharmaceutical products along with the assurance of patient safety and efficacy of the medicine through the intended shelf life and quality control. Along with this, medical packaging is intended to protect the product from oxygen, moisture, heat, microbial contamination, and sterility.
Market Dynamics
The technological advancements, and evolving medical & healthcare facilities are primarily driving the market growth. The introduction of eco-friendly packaging material that reduces carbon footprint and are also termed as safe for the environment is again accelerating the market growth. However, fluctuating prices of the resin and environmental issues associated with some packaging material is likely to hamper the market growth, Whereas, medical packaging provide ease of identifying surgical kits to the nurses and doctors, also introduction of color-coded inner and outer labels in the market are expected to create potential demand over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of medical packaging.
Market Segmentation
The entire medical packaging market has been sub-categorized into packaging type, material type, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Packaging Type
- Bags & Pouches
- Flow Wraps
- Stick Packs
- Trays
- Clamshell Blister Packs
- Boxes
- Cartons
- Containers
By Material Type
- PE
- PET
- PP
- PS
- PVC
- Aluminium
- Glass
- Paper Laminates
- Fabric
- Others
By End Use
- Pharmaceuticals
- Medical Devices
- Hospitals
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for medical packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Medical Packaging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the medical packaging market include 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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