Global medical packaging market, 2024-2030

Medical packaging is the process to protect a medical or pharmaceutical product. Medical packaging is designed to both uphold the highest medical standards and ergonomically protect the integrity of a product. Along with this, medical packaging is intended to protect the product from oxygen, moisture, heat, microbial contamination, and sterility. Blister packaging, individual-wrap packages, multi-compartmental trays, pouches and so on are some of the examples of medical packaging.

The global medical packaging market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global medical packaging market is growing at a fast pace and increasing its geographical footprint rapidly. The global medical packaging market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The advancements on the technology and medical & healthcare facilities are the primary sources of market growth. Further, this eco-friendly packaging material that reduces carbon footprint is also accelerating the market growth. The developments by the medical device and pharmaceutical vendors are providing scope for expansion to the healthcare packaging market. Blister packaging is the most popular one and acts as a boost for the market growth.

The varying price of the resin and environmental issues associated with some packaging material is one of the major hindrances in the medical packaging market growth.

The medical packaging market has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and LatinAmerica. The key players in global medical packaging market are WestRock Company, Sonoco Products Company, Avery Dennison Corporation, Gerresheimer AG, DowDuPont, and others.

Research Methodology

The research process includes the market segmentation of the global medical packaging market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global medical packaging industry dynamics
• Estimation of the present global medical packaging market size in terms of value and volume
• Global medical packaging market breakup based on type and application
• Substantiated global medical packaging market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global medical packaging industry value chain

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