Medical Flexible Packaging Market Research Report Analysis

Medical Flexible Packaging Market

Medical Flexible Packaging Market size is expected to witness a sturdy boom over the forecast period,

Expansion in medical and healthcare industry has increased the usage of flexible packaging solutions owing to their low weight, product diversity and easy disposition, which is boosting the Medical Flexible Packaging Market size. As per the survey conducted by the Flexible Packaging Association (FPA) nearly 60% of 2,120 individuals are ready to pay extra for user friendly and tangible packaging, which is likely to fuel the market. Other factors which include the availability of home healthcare systems, ongoing innovation in the medical equipment and the intensified emphasis towards the development of pharmaceutical products to prevent diseases will fuel the market growth.

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However, the outburst of coronavirus has increased the emphasis on health, thereby, raising the expenditure on development of safe medicines and tools, contributing to the market growth.  Unstable prices of raw material and high development cost of flexible products are the factors hampering the Medical Flexible Packaging Market Growth.

By material, plastics segment will hold a larger share in the market owing to the higher tensile strength of plastics over their metal alternatives. Also, the strong presence of large manufacturing facilities has surged the demand for plastics and encouraged product innovation in medical packaging thereby raising the market growth.

By end-use, the pharmaceutical manufacturing segment is expected to hold a larger share, owing to the inclination of producers to develop an in-house facility. Various benefits of flexible packaging including easy-to-open and close; grasp and store; safe dispensing with accuracy and recyclability will drive the market growth.

By region, North America is foreseen to witness a promising CAGR over the next seven years, owing to the rising expenditure on healthcare. Also, as per the Global Medical Flexible Packaging Market Report, the surge in demand for environment friendly and sustainable packaging and rising awareness towards healthcare have strengthened the market growth.

Key Medical Flexible Packaging companies in the market, include, Dätwyler Holding, Inc., AptarGroup, Inc., Becton, Dickinson & Company, Catalent, Inc., Coveris, Berry Global, Inc., Winpak Ltd., CCL Industries, Inc., Sealed Air Corporation, and Amcor Plc among others.

Key Developments:

In 2020, Amcor adopted Bemis Company Inc., and the integrated company will now function as Amcor Plc (Amcor). This acquisition of Bemis will offer additional scale, capabilities, and footprint in fortifying Amcor’s packaging business for industries like pharmaceutical and medical through different flexible and rigid packaging and services.

Medical Flexible Packaging Market Segmentation:

Medical Flexible Packaging Market by Material
  • Plastics
    • Polyvinyl Chloride
    • Polypropylene
    • Polyethylene Terephthalate
    • Polyethylene
    • Others
  • Paper
  • Aluminium
  • Bioplastics
Medical Flexible Packaging Market by Product
  • Seals
  • High Barrier Films
  • Wraps
  • Pouches & Bags
  • Lids & Labels
  • Others
Medical Flexible Packaging Market by End-Use
  • Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • Implant Manufacturing
  • Contract Packaging
  • Others
Medical Flexible Packaging Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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