IMARC Group, a leading market research company, has recently releases report titled “Medical Flexible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global medical flexible packaging market report, growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Medical Flexible Packaging Market
Medical flexible packaging is used for the protection of pharmaceutical products and devices. It includes pouches, bags, sachets, blister packs, and wraps, which are utilized for packaging medical instruments and diagnostic and surgical equipment. It is made from flexible materials such as plastics, films, and foils, which offer barrier properties against moisture, oxygen, light, and other contaminants. It is robust, lightweight, and durable and helps maintain the integrity, sterility, and safety of medical products during storage and transportation. Besides this, as it is cost-effective and offers efficient protection, the demand for medical flexible packaging is increasing across the globe.
How Big Is The Medical Flexible Packaging Market?
The global medical flexible packaging market size reached US$ 26.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.05% during 2023-2028.
What Are The Growth Prospects And Trends In The Medical Flexible Packaging Industry?
The rising prevalence of several chronic diseases, the expanding global healthcare sector, and the increasing demand for convenient, sterile, and safe packaging solutions in healthcare settings represent the key factors driving the market. Additionally, advancements in medical technology and innovations in packaging materials, and the development of specialized packaging solutions are contributing to market growth. Apart from this, manufacturers are focusing on introducing child-resistant packaging and tamper-evident seals, which is creating a positive market outlook. They are also emphasizing the production of packaging materials that offer reliable barrier properties and ensure the sterility of medical products. Furthermore, the increasing utilization of eco-friendly and recyclable materials in medical flexible packaging is favoring market growth.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Plastics
- Polyvinyl Chloride
- Polypropylene
- Polyethylene Terephthalate
- Polyethylene
- Others
- Paper
- Aluminum
- Bioplastics
Breakup by Product:
- Pouches and Bags
- Seals
- High Barrier Films
- Wraps
- Lids and Labels
- Others
Breakup by End User:
- Pharmaceutical Manufacturing
- Medical Device Manufacturing
- Implant Manufacturing
- Contract Packaging
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
Amcor plc, Becton Dickinson and Company, Berry Global Inc., Catalent Inc., CCL Industries Inc., Coveris, Huhtamäki Oyj, Mondi plc, Sealed Air Corporation, Sonoco Products Company, WestRock Company and Winpak Ltd.
