The global medical flexible packaging market is expected to
reach USD 34.62 billion by 2025, according to a new report by Grand View
Research, Inc. The growing demand for medical devices and implants coupled with
innovation in packaging materials is driving the demand for these products.
Flexible packaging
provides many advantages as it is lightweight, has increased shelf life, and
consumes less amount of material. Medical flexible packaging products are
expected to experience increased demand over the forecast period owing to the
presence of a wide variety of offerings that cater to specific purposes. The
development of eco-friendly high strength paper is expected to further augment
the market demand.
North America was the
largest regional market in 2016 backed by the thriving medical device and
implant manufacturing industries. The presence of advanced medical device
manufacturers with specialized packaging needs is expected to drive the demand
for these products. The improving economic outlook and growing innovation on
barrier materials are expected to have a positive impact on the consumption in
North America. The presence of major companies such as Amcor and Bemis is
expected to further boost the consumption over the forecast period.
Access Research Report of Medical Flexible Packaging Market @ www.grandviewresearch.com/industry-analysis/medical-flexible-packaging-market
Further key findings from the report suggests:
· The aluminum material segment is projected
to grow at a CAGR of 6.1% from 2017 to 2025 owing to the need for special
packaging products
· High barrier films are the fastest-growing
product segment and expected to reach USD 7.72 billion by 2025 due to the
growing popularity of high-performance laminates
· Medical device manufacturing is the largest
end-use segment and accounted for over 31% of market share in 2016
· The Middle East & Africa region is
expected to grow at a CAGR of 4.8% from 2017 to 2025 backed by the growing
demand for low-cost medical devices
· Various strategies adopted by industry
players include mergers & acquisitions, new product developments, and
regional expansions
Grand View Research has
segmented the global medical flexible packaging market on the basis of
material, product, end use, and region:
Material Outlook (Revenue, USD Billion; 2014 - 2025)
·
Plastics
o
Polyvinyl Chloride
o
Polypropylene
o
Polyethylene Terephthalate
o
Polyethylene
o
Others
·
Paper
·
Aluminum
·
Others
Product Outlook (Revenue, USD Billion, 2014 - 2025)
·
Seals
·
High Barrier Films
o
Biaxially Oriented Polyethylene
Terephthalate (BOPET)
o
Ethylene Vinyl Alcohol
o
Polyacrylonitrile
o
Silicon Oxide
o
Aluminum Oxide
o
Polyvinylidene Chloride
o
Others
·
Wraps
·
Pouches & Bags
·
Lids & Labels
·
Others
End-use Outlook (Revenue, USD Billion, 2014 - 2025)
·
Pharmaceutical Manufacturing
·
Medical Device Manufacturing
·
Implant Manufacturing
·
Contract Packaging
·
Others
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South Africa
o
Brazil
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
