The global medical flexible packaging market size is estimated to arrive at USD 26.3 billion by 2028. It is projected to develop by 6.5% CAGR from 2021 to 2028.
Rising demand for medicine deliverance systems in urbanized nations in addition to growing demand for the pharmaceutical products in budding nations are the factors steering the enlargement of the market for medical flexible packaging.
The application of flexible packaging is growing in the healthcare manufacturing because the companies working in the manufacturing are choosing for the sustainable materials, like paper. Since, it is extremely cost-effective as well as eco-friendly, paper sourced packing is incorporated in green packaging.
The flexible packaging is perfectly appropriate for single-time utilize. Particularly, this is advantageous in the wrapping of single-use products. These are increasingly getting popularity because it averts the threat of cross infectivity. The products are able to get sterilized together with the wrapping. This has abridged the possibility of contagion whilst producing the products. In the market, most extensively utilized resources are plastics; it is tracked by bioplastics, metal, and paper.
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Further key findings from the report suggest:
• The divestment and restructuring policies are taken on in addition to concentration on specific products, to set up domination for the similar. Companies are likely to discover equilibrium amid the funds and modernization, to set up a gainful as well as ecological procedure together with controlling stages of the prices
• To increase their spread in addition to contend with competitor companies, key companies concentrate on mergers & acquisitions. This is likely to boost the headship of the product, in particular class
• As a result of increasing funds by the private companies, within the healthcare segment plus growing cases of chronic sicknesses through the region, Central & South America is projected to observe 5.9% CAGR, during the forecast period
• In 2020, Pouches & bags held the major revenue share of the medical flexible packaging market. Pouches & bags are lightweight as well as strong. It creates them the perfect wrapping resolution for many products, together with ones that are regularly filled in firm packaging
• Rising research & development actions, concentrated on bringing the inert possessions in plastics, are anticipated to augment the demand for plastics in new-fangled functions, within the market
• The plastics material section held the 74.39% revenue share and led the medical flexible packaging market, in 2020. It is estimated that it will rise gradually, during the forecast period because of the simple availability of excellent quality medicinal ranking plastics
Million Insights segmented the global medical flexible packaging market based on End Use, Product, Material, and Region.
Medical Flexible Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)
• Polyvinyl Chloride
• Polyethylene Terephthalate
Medical Flexible Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)
• High Barrier Films
• Biaxially Oriented Polyethylene Terephthalate (BOPET)
• Ethylene Vinyl Alcohol (EVA)
• Silicon Oxide
• Aluminum Oxide
• Polyvinylidene Chloride
• Pouches & Bags
• Lids & Labels
Medical Flexible Packaging End-use Outlook (Revenue, USD Million, 2017 - 2028)
• Pharmaceutical Manufacturing
• Medical Device Manufacturing
• Implant Manufacturing
• Contract Packaging
Medical Flexible Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)
• North America
• Asia Pacific
• Central & South America (CSA)
• Middle East & Africa (MEA)
• South Africa
Various companies for medical flexible packaging market are:
• CCL Industries, Inc.
• Sealed Air
• Coveris S.A.
• Berry Global
• Dätwyler Holding, Inc.
• Bemis Company, Inc.
• Huhtamäki Oyj
• Winpak Ltd.
• Catalent Pharma Solutions
• Becton, Dickinson & Company
• West Rock, Aptar, Inc.