
Medical Flexible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Medical Flexible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global medical flexible packaging market size reached US$ 26.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.05% during 2023-2028.
Flexible packaging protects products from moisture, ultraviolet (UV) rays, mold, dust, and other environmental contaminants while maintaining their quality and extending their shelf life. It is made using flexible materials, such as foil, plastics and papers, and widely available in pouches, bags and other formats. It requires less base material, which reduces production time and energy consumption, as compared to rigid packaging. Additionally, as it is lightweight, easy to dispose of, and requires less raw material during manufacturing, flexible packaging is extensively used by pharmaceutical companies around the world for the packaging of medicines and medical products and supplies.
Medical Flexible Packaging Market Trends:
At present, there is a rise in the need for reducing the overall packaging weight among pharmaceutical manufacturers, which represents one of the key factors driving the market. Apart from this, there is an increase in the utilization of disposable medical products to reduce the risk of surgical site infections and cross-contamination among patients as well as healthcare professionals. This, along with rising innovations in producing eco-friendly materials for packaging, is propelling the growth of the market. Additionally, rising environmental concerns and health issues among individuals due to the collection of non-biodegradable wastes worldwide are impelling the growth of the market. Besides this, the growing advancements in extrusion technology are positively influencing the sales of medical flexible packaging across the globe. Furthermore, the rising employment of biaxially-oriented polyethylene terephthalate (BOPET) and polyvinylidene chloride (PVDC) barrier films is stimulating the market growth. Some of the other growth-inducing factors are effective supply chain management, increasing efficiency in transportation of goods and rising health and hygiene values among the masses.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical flexible packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, product and end user.
Breakup by Material:
Plastics
Polyvinyl Chloride
Polypropylene
Polyethylene Terephthalate
Polyethylene
Others
Paper
Aluminum
Bioplastics
Breakup by Product:
Pouches and Bags
Seals
High Barrier Films
Wraps
Lids and Labels
Others
Breakup by End User:
Pharmaceutical Manufacturing
Medical Device Manufacturing
Implant Manufacturing
Contract Packaging
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Becton Dickinson and Company, Berry Global Inc., Catalent Inc., CCL Industries Inc., Coveris, Huhtamäki Oyj, Mondi plc, Sealed Air Corporation, Sonoco Products Company, WestRock Company and Winpak Ltd.
Key Questions Answered in This Report
1. What was the size of the global medical flexible packaging market in 2022?
2. What is the expected growth rate of the global medical flexible packaging market during 2023-2028?
3. What has been the impact of COVID-19 on the global medical flexible packaging market?
4. What are the key factors driving the global medical flexible packaging market?
5. What is the breakup of the global medical flexible packaging market based on the material?
6. What is the breakup of the global medical flexible packaging market based on the product?
7. What are the key regions in the global medical flexible packaging market?
8. Who are the key players/companies in the global medical flexible packaging market?
The global medical flexible packaging market size reached US$ 26.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.05% during 2023-2028.
Flexible packaging protects products from moisture, ultraviolet (UV) rays, mold, dust, and other environmental contaminants while maintaining their quality and extending their shelf life. It is made using flexible materials, such as foil, plastics and papers, and widely available in pouches, bags and other formats. It requires less base material, which reduces production time and energy consumption, as compared to rigid packaging. Additionally, as it is lightweight, easy to dispose of, and requires less raw material during manufacturing, flexible packaging is extensively used by pharmaceutical companies around the world for the packaging of medicines and medical products and supplies.
Medical Flexible Packaging Market Trends:
At present, there is a rise in the need for reducing the overall packaging weight among pharmaceutical manufacturers, which represents one of the key factors driving the market. Apart from this, there is an increase in the utilization of disposable medical products to reduce the risk of surgical site infections and cross-contamination among patients as well as healthcare professionals. This, along with rising innovations in producing eco-friendly materials for packaging, is propelling the growth of the market. Additionally, rising environmental concerns and health issues among individuals due to the collection of non-biodegradable wastes worldwide are impelling the growth of the market. Besides this, the growing advancements in extrusion technology are positively influencing the sales of medical flexible packaging across the globe. Furthermore, the rising employment of biaxially-oriented polyethylene terephthalate (BOPET) and polyvinylidene chloride (PVDC) barrier films is stimulating the market growth. Some of the other growth-inducing factors are effective supply chain management, increasing efficiency in transportation of goods and rising health and hygiene values among the masses.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical flexible packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, product and end user.
Breakup by Material:
Plastics
Polyvinyl Chloride
Polypropylene
Polyethylene Terephthalate
Polyethylene
Others
Paper
Aluminum
Bioplastics
Breakup by Product:
Pouches and Bags
Seals
High Barrier Films
Wraps
Lids and Labels
Others
Breakup by End User:
Pharmaceutical Manufacturing
Medical Device Manufacturing
Implant Manufacturing
Contract Packaging
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Becton Dickinson and Company, Berry Global Inc., Catalent Inc., CCL Industries Inc., Coveris, Huhtamäki Oyj, Mondi plc, Sealed Air Corporation, Sonoco Products Company, WestRock Company and Winpak Ltd.
Key Questions Answered in This Report
1. What was the size of the global medical flexible packaging market in 2022?
2. What is the expected growth rate of the global medical flexible packaging market during 2023-2028?
3. What has been the impact of COVID-19 on the global medical flexible packaging market?
4. What are the key factors driving the global medical flexible packaging market?
5. What is the breakup of the global medical flexible packaging market based on the material?
6. What is the breakup of the global medical flexible packaging market based on the product?
7. What are the key regions in the global medical flexible packaging market?
8. Who are the key players/companies in the global medical flexible packaging market?
Table of Contents
143 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Medical Flexible Packaging Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Material
- 6.1 Plastics
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Polyvinyl Chloride
- 6.1.2.2 Polypropylene
- 6.1.2.3 Polyethylene Terephthalate
- 6.1.2.4 Polyethylene
- 6.1.2.5 Others
- 6.1.3 Market Forecast
- 6.2 Paper
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Aluminum
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Bioplastics
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Product
- 7.1 Pouches and Bags
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Seals
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 High Barrier Films
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Wraps
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Lids and Labels
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by End User
- 8.1 Pharmaceutical Manufacturing
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Medical Device Manufacturing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Implant Manufacturing
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Contract Packaging
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Amcor plc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Becton Dickinson and Company
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Berry Global Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Catalent Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 CCL Industries Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Coveris
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Huhtamäki Oyj
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Mondi plc
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Sealed Air Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Sonoco Products Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 WestRock Company
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Winpak Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
Pricing
Currency Rates
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