Medical Packaging Market Forecasts to 2028 – Global Analysis By Packing Type (Primary, Secondary, Tertiary), Application (Diagnostics, Medical Devices, Chemicals & Research), End User (Forensic, Hospitals) and By Geography
According to Stratistics MRC, the Global Medical Packaging Market is accounted for $45.92 billion in 2020 and is expected to reach $86.90 billion by 2028 growing at a CAGR of 8.3% during the forecast period. Increase in incidences of chronic conditions and expenditure of healthcare facilities, high growth in the implantable device market and increase in demand for counterfeit prevention mechanisms are driving the market growth. However, fluctuations in the raw material prices are hampering the growth of the market.
Medical packaging is a process which is carried out for pharmaceutical products. It is important for the maintenance of quality of pharmaceutical products along with the assurance of patient safety and efficacy of the medicine through the intended shelf life and quality control. Along with this, medical packaging is intended to protect the product from moisture, oxygen, microbial contamination, heat and sterility.
Based on the application, the medical equipment segment is going to have lucrative growth during the forecast period due to wide usage in hospitals globally for a various applications such as dental, cardiovascular, orthodontics, wound care, and many more. By geography, North America is going to have high growth during the forecast period owing to massive development in the medical sector, increase in the pharmaceutical industries, and growing government support to research institutions in the region.
Some of the key players profiled in the Medical Packaging Market include 3M Company, Amcor Limited, Avery Dennison Corporation, Bemis Company, Berry Plastics Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, E.I. Du Pont De Nemours and Company, Sonoco Products Company, Steripack Contract Manufacturing, Technipaq Inc., Thomas Packaging LLC., Toppan Printing Co., Ltd., West Pharmaceutical Services, Inc. and Westrock Company.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Device Class, Packing Type, Packaging Type, Material, Sterilization Method, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Device Classes Covered:
• Class I
• Class II
• Class III
Packing Types Covered:
Packaging Types Covered:
• Bags & Pouches
• Blisters Packets
• Clamshell Packs
• Flow Wraps
• Stick Packs
• Multi-Compartmental Trays
• Thermoform Trays
• Paper and Paperboard
• Nonwoven Material
• Molded Fiber
Sterilization Methods Covered:
• In-Vitro Diagnostic (IVD) Products
• Medical Devices
• Medical Equipment & Tools
• Plastic Industries
• Chemicals & Research
End Users Covered:
• Forensic Departments
• Medical & Research Centers
• 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 Market is majorly driven by increase in incidences of chronic conditions and expenditure of healthcare facilities, high growth in the implantable device market and increase in demand for counterfeit prevention mechanisms.
The medical equipment & tools segment is growing at a highest CAGR owing to usage in hospitals globally for various applications.
North America dominated with a significant market share due to the factors such as Cures Act which is expected to drive product innovations in the pharmaceutical industry.
Asia Pacific market is growing at a highest CAGR owing to the growing developmental activities and rapid economic expansion in the region.
Key players in Medical Packaging Market include 3M Company, Amcor Limited, Avery Dennison Corporation, Bemis Company, Berry Plastics Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, E.I. Du Pont De Nemours and Company, Sonoco Products Company, Steripack Contract Manufacturing, Technipaq Inc., Thomas Packaging LLC., Toppan Printing Co., Ltd., West Pharmaceutical Services, Inc. and Westrock Company.
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