Global Medical Packaging Market Size study, By Packaging Type (Bags & Pouches, Trays,

Global Medical Packaging Market Size study, By Packaging Type (Bags & Pouches, Trays,

Global Medical Packaging Market is valued at approximately USD 45.07 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.29% over the forecast period 2021-2027. Medical packaging offers complete protection to the goods and also prevents them from contamination. Medical packaging presents a superior level of sterility to the products. Some medical packaging materials such as plastics, paper, and paper boards are lightweight, recyclable, and durable are gaining huge traction among the population. It acts as a barrier and also averts the contamination of microbes in the product. The growing demand for counterfeit prevention mechanisms, rising incidences of chronic conditions, increasing investment in the medical and healthcare sector are augmenting the market growth around the world. For instance, as per the World Health Organization (WHO), in 2017, the global expenditure on healthcare was USD 7.8 trillion, which was increased nearly 2.63% from 2016. However, instability in the prices of raw materials, and strict regulatory norms impedes the growth of the market over the forecast period of 2021-2027. Also, the advent of innovative sustainable packaging solutions is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Medical Packaging market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading region across the world in terms of market share owing to the continuous techn0ological developments, and growth of the medical industry. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as the presence of the chief market players, economic growth, and the increasing occurrence of various chronic diseases would create lucrative growth prospects for the Medical Packaging market across the Asia-Pacific region.

Major market players included in this report are:
3M Company
Bemis Company, Inc
E.I. du Pont de Nemours and Company
Constantia Flexibles Group GmbH
Sonoco Company
Avery Dennison Corporation
WestRock Company
CCL Industries Inc.
Chesapeake Limited
Amcor Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging Type
Bags And Pouches
Trays
Boxes
Others
By Material
Polymer
Paper and paperboard
Nonwoven material
Others
By Application
Equipment & tools
Devices
IVD
Implants
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Medical Packaging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

3M Company
Bemis Company, Inc
E.I. du Pont de Nemours and Company
Constantia Flexibles Group GmbH
Sonoco Company
Avery Dennison Corporation
WestRock Company
CCL Industries Inc.
Chesapeake Limited
Amcor Limited

Please note: The single user license is non-downloadable and non-printable. Global Site license allows these actions.