Medical Flexible Packaging Market Analysis Report By Material, By Product, By End-use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global medical flexible packaging market was prized by USD 15.8 billion in 2020. It is estimated to witness 6.5% CAGR from 2021 to 2028.

Drivers

The increasing market for pharmaceutical products in budding nations in addition to the expansion of medicine deliverance systems is steering the market for medical flexible packaging. Wide-ranging applications of flexible packaging resolutions within the pharmaceutical as well as health check segments, because of the necessity of fewer raw materials, product assortment, simple discarding and small weight, are the factors steering the enlargement of the market.

Not reusable products present returns like safety, sterility, and the ease of handling. Single-use disposables are, moreover, gainful along with the well-organized, since they abolish the necessity to re-sterilize the merchandise, prior to consume.

The decrease in threat of cross-contamination is one more input factor, inspiring the requirement for the disposable products. Sequentially, this is increasing the expansion of the market for medical flexible packaging.

End Use Insight

The pharmaceutical manufacturing division held the major, above 29.0% revenue share of the medical flexible packaging market, in 2020. The inclination of manufacturing companies, to own an internal packing capability, is pushing the utilization of packaging materials within this end-use sector. But, the demand is likely to reduce because the companies are outsourcing their wrapping activities, to get major price returns.

Medical device manufacturing is the subsequent major end-use division, because the demand for the product within this section has increased sharply, particularly following the pandemic. The global increase in healthcare spending and rising improvements are, furthermore, increasing the expansion of the division. The increasing use of the product by medicinal apparatuses producing companies to enhance the present ability of their product, wrapping will maintain the expansion of the section.

The contract packaging is expected to be the highest increasing end-use division, during the forecast period. End-use companies are getting major price advantages of packaging in emergent nations. These types of attempts have prepared system for the expansion of the contract packaging business.

Product Insight

The pouches & bags sector held above 35.0% revenue share and dominated the global medical flexible packaging market, in 2020. Pouches & bags are utilized for the packing of an extensive variety of medicinal products. Amcor is single of the most important producer as well as provider of the pouches & bags, in the healthcare business. The progress of the exceptional pouches & bags, having greater obstacle packaging, is likely to impel the sector, during the forecast period.

Mainly, the lids & labels are used to avert the pharmaceuticals or apparatuses from spoilage, contamination and tampering. These products perform like a primary or secondary useful packaging. The labeling has turn into an essential element of packaging because of the rules regarding the labeling of medicinal apparatuses. The demand for lids & labels is likely to reasonably increase, during the forecast period.

The high-barrier films sector is anticipated to record the highest CAGR, during the forecast period. These films avert the penetration of water, oil, aroma, gas, water vapor, oxygen, flavor, as well as light. These are frequently manufactured by means of BOPET, polyacrylonitrile, polyvinylidene chloride, and ethylene vinyl alcohol. The progress of metalized films, fabricated by means of silicon plus aluminum, is anticipated to push the enlargement of the sector, during the near future.

Material Insight

In 2020, the plastic section held above 74.0% revenue share and dominated the global medical flexible packaging market. A plastic presents greater tensile strength as well as an extensive range of the options, as compare to their metallic equivalents. This is likely to impel the development of the section, during the forecast period.

Frequently, the plastic is utilized to maintain the shape of packaging in addition to create it waterproof by means of adding up a skinny coating of plastic film in new variety of packaging. The variations in the oil prices have an effect on the overheads of plastics. Ultimately, this disturbs the costs of medical flexible packaging, manufactured by using plastics.

On the other hand, the paper material section is projected to record the highest CAGR, during the forecast period. The improvements in the paper manufacturing as well as the occurrence of biodegradable paper are likely to power the section, during the forecast period. The possessions presented by the paper materials for example user-friendliness, dependability, hygiene and product security is expected to additionally increase their demand.

Regional Insight

In 2020, Asia Pacific held above 57.0% revenue share of the global medical flexible packaging market and was the major local market. As a result of increasing demand for the product from budding nations like China and India, the market will more develop by the highest CAGR, during the forecast period.

The increasing healthcare industry along with growing per capita earnings is, furthermore, projected to contain an optimistic effect on the growth of the market. During the forecast period, contract manufacturing will be single important end-use division, within the region. It is likely to offer beneficial development openings for the manufacturing companies of medical flexible packaging, during near future.

North America held above 22.0% revenue share, of the global market for medical flexible packaging, in 2020. The demand for the product is motivated by a progressing financial position in addition to rising advancement on obstruction materials. The solid existence of key companies like Bemis and Amcor is, anticipated to additionally increase local enlargement during the forecast period. By the growing use of medicine deliverance systems like IV bags plus the nourishment bags, the demand for the product is escalating.

The moribund development of the pharmaceutical manufacturing in Italy, France and Germany, because of the shifting manufacturing plants to the areas where the production overheads are low, is projected to unfavorably influence the local market. In Europe, on the other hand, rising R&D spending in the pharmaceutical manufacturing is expected to ultimately stimulate the demand for the product, during the forecast period.

Companies

The major companies have implemented important policies such as local growth, mergers & acquisitions and promotion of the new product. In addition, the manufacturing companies are focusing on budding nations, because their market share is likely to increase, during the forecast period. The increasing demand for the health check devices along with the pharmaceuticals, within these areas, is expected to boost the demand for the medical flexible packaging.

Some of the companies for medical flexible packaging market are:

• CCL Industries, Inc.
• Mondi
• Sealed Air
• Coveris S.A.
• Berry Global
• Dätwyler Holding, Inc.
• Bemis Company, Inc.
• Gerresheimer
• Huhtamäki Oyj
• Amcor
• Winpak Ltd.
• Catalent Pharma Solutions
• Becton, Dickinson & Company
• West Rock, Aptar, Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global medical flexible packaging market report on the basis of material, product, end-use, and region:

• Material Outlook (Revenue, USD Million, 2017 - 2028)
    • Plastics
        • Polyvinyl Chloride
        • Polypropylene
        • Polyethylene Terephthalate
        • Polyethylene
        • Others
    • Paper
    • Aluminum
    • Bioplastics

• Product Outlook (Revenue, USD Million, 2017 - 2028)
    • Seals
    • High Barrier Films
        • Biaxially Oriented Polyethylene Terephthalate (BOPET)
        • Ethylene Vinyl Alcohol (EVA)
        • Polyacrylonitrile
        • Silicon Oxide
        • Aluminum Oxide
        • Polyvinylidene Chloride
        • Others
    • Wraps
    • Pouches & Bags
    • Lids & Labels
    • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2028)
    • Pharmaceutical Manufacturing
    • Medical Device Manufacturing
    • Implant Manufacturing
    • Contract Packaging
    • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • France
        • U.K.
    • Asia Pacific
        • China
        • Japan
        • India
    • Central & South America (CSA)
        • Brazil
    • Middle East & Africa (MEA)
        • South Africa