Medical Packaging Films Market Forecasts to 2028 – Global Analysis By Product (High Barrier Films, Formable Films), Application (Tubes, Lidding), End User (Pharmaceutical, Medical Device) and By Geography
According to Stratistics MRC, the Global Medical Packaging Films Market is accounted for $6.14 billion in 2020 and is expected to reach $10.79 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Growth in the healthcare industry, rowing instances of chronic diseases and increasing usage of medical bags are driving the market growth. However, fluctuation in raw material prices is hampering the growth of the market.
Medical packaging films are the products used in the pharmaceutical packaging process. This packaging provides a layer of protection from external factors and extreme environmental conditions. The packaging films have properties such as high transparency, resistance to chemicals, high performance, lightweight, and easy to open, carry, store, and reseal.
Based on the material, the plastic segment is going to have lucrative growth during the forecast period as polypropylene plastic is a low-cost thermoplastic with high clarity, high gloss, and enhanced tensile strength. It has a higher melting, which makes it suitable for applications that require sterilization at high temperatures.
By geography, Europe is going to have high growth during the forecast period due to the rising growing domestic demand for medical devices and products, raising awareness among consumers regarding sustainable packaging increases the market growth in the region.
Some of the key players profiled in the Medical Packaging Films Market include Wipak Group, Dunmore Corporation, Honeywell International, Klöckner Pentaplast GmbH & Co. KG, RENOLIT Group, 3M Company, Bemis Company, Inc., Berry Global Group, Inc, Coveris Holdings S.A., Glenroy, Inc, Weigao Group, Amcor Ltd and Covestro AG.
Estimated Market Size in 2020:
USD 6.14 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 10.79 billion
Tables, Graphs & Figures
Product, Film Structure, Application, Material, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Co-Extruded Films
• High Barrier Films
• Formable Films
Film Structures Covered:
• Single Films
• Blister Packs
• Bags & Pouches
• Metallic Film
End Users Covered:
• Medical Device
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Medical Packaging Films Market is majorly driven by the growth in the healthcare industry, rowing instances of chronic diseases and increasing usage of medical bags.
The plastic segment is growing at a highest CAGR as polypropylene plastic is a low-cost thermoplastic with high clarity, high gloss, and enhanced tensile strength.
Europe dominated with a significant market share due to the rising growing domestic demand for medical devices and products and raising awareness among consumers in the region regarding sustainable packaging.
Asia Pacific market is growing at a highest CAGR due to the presence of high healthcare expenditure and rising number of patient population in the region.
Key players in Medical Packaging Films Market include Wipak Group, Dunmore Corporation, Honeywell International, Klöckner Pentaplast GmbH & Co. KG, RENOLIT Group, 3M Company, Bemis Company, Inc., Berry Global Group, Inc, Coveris Holdings S.A., Glenroy, Inc, Weigao Group, Amcor Ltd and Covestro AG.
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