As per this study the Global Medical Packaging Market was valued at USD 37 BN (by revenue) in 2017 and is anticipated to reach USD 55.6 BN by 2024 with a CAGR of 6.0%.
 
Medical packaging various function but its main purpose is to protect the packaged products. Medical packaging plays a very crucial role in maintaining product quality and ensure the safety. The medical packaging is essential for safeguarding drugs, equipment, and improving patient’s safety. The main purpose of medical packaging is to avoid contamination of drugs and maintain the cleanliness and sterility of the instruments. Blister packaging, Individual-wrap packages, Multi-compartmental trays, Pouches, and Cartons are some of the types of medical packaging.
 
Objectives of the Study:

• Define and measure the global medical packaging market
• Revenue forecast of the global medical packaging market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Growing investment in healthcare sector coupled with the growing market of implantable devices is likely to serve as the driver of the medical packaging market. Moreover, increasing innovation in technology for sustainable packaging along with the expansion of the pharmaceutical and biotechnology industry is further the market growth. On the other hand, the high price of the raw material is likely to limit the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of medical packaging.
 
Market Segmentation
 
The broad medical packaging market has been sub-grouped into material, type, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Material

• Polymer
• Paper & Paperboard
• Non-woven fabric
• Others

 
By Type

• Bags & Pouches
• Trays
• Boxes
• Others

 
By Packing Type

• Primary
• Secondary
• Tertiary
• Shrink Packing

 
By Application

• Medical Devices
• Medical Equipment & Tools
• In Vitro Diagnostic Devices (IVDs)
• Implants

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for medical packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Medical Packaging Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the medical packaging market include 3M Company, Amcor Limited, Bemis Company Inc., Chesapeake Limited, DuPont, Klöckner Pentaplast Group, MeadWestvaco Corporation, Mitsubishi Chemical Holdings Corporation, and West Pharmaceutical Services, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.