Medical Packaging Market, By Material, Packaging Type, Packing Type, Application
Medical Packaging Market, By Material, Packaging Type, Packing Type, Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Medical Packaging Market, By Material, Packaging Type, Packing Type, Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
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<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong><br />
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY<br />
ANALYSIS, 20182026<br />
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong>:Overview<br />
➢<br />
<strong>Medical</strong> packaging has the primary function to protect packaged medical or pharmaceutical products.<br />
Different types of medical components have resulted in developing various types of medical packaging,<br />
ranging from preformed packaging to customizable packaging. <strong>Medical</strong> products have unique features and<br />
majority of them require proper sterilization and are therefore, designed ergonomically to fulfill the high<br />
medical standards and protect the product integrity.<br />
➢<br />
One of the major factor contributing to the growth of medical packaging market includes increasing number<br />
of hospitals and diagnostic centers and the growing healthcare industry. According to the Centre Of Medicare<br />
& Medicaid Services, in 2015, National Health Expenditure (NHE) grew to 5.8% to US$ 3.2 trillion or US$<br />
9,990 per person, playing a key role in the growth of healthcare industry. The gain in momentum of the<br />
plastic packaging industry, with focus on costeffectiveness, is also playing a key role in growth of medical<br />
packaging market. According to Coherent <strong>Market</strong> Insights (CMI), the global plastic packaging market is<br />
expected to grow at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 20172025.<br />
➢<br />
However, price fluctuations of raw materials such as resin and oil act as a major restraint for the medical<br />
packaging market. Shortage of packaging materials supply also affects the growth of the medical packaging<br />
market.<br />
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REPORT DESCRIPTION<br />
<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong>:Outlook<br />
➢<br />
North America is leading the global medical packaging market. The U.S was leading market in this region<br />
in 2016. The increasing health awareness along with the growing healthcare industry is a major driving<br />
factor for the growth of medical packaging market in the region. North America is expected to lead the<br />
medical packaging market throughout the forecast period, owing to continuous product innovation and<br />
focus on extensive research and development activities namely childresistant packs and prefilled<br />
syringes. According to a report of Coherent <strong>Market</strong> Insights (CMI), in North America, the pharmaceutical<br />
equipment packaging industry accounted for around 40% of the market in 2016 and expected to retain<br />
its position through the forecast period.<br />
➢<br />
Asia Pacific is the fastest growing region in medical packaging market with China, Japan, and India being<br />
the key markets in the region. The medical device market for APAC is expected to witness the fastest<br />
CAGR growth during the forecast period, which is expected to propel the growth of medical packaging<br />
market. In terms of packaging by material, Polymer held the major share in the medical device market in<br />
this region in 2016.<br />
Request a sample copy of this report:<br />
https://www.coherentmarketinsights.com/insight/requestsample/949<br />
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong>:Segmentation<br />
On the basis of material, medical packaging market is segmented into:<br />
➢<br />
Polymer<br />
➢<br />
Paper & Paperboard<br />
➢<br />
Nonwoven fabric<br />
➢<br />
Others<br />
On the basis of packaging types, medical packaging market is segmented into:<br />
➢<br />
➢<br />
➢<br />
➢<br />
➢<br />
➢<br />
Trays<br />
Boxes<br />
Bags<br />
Pouches<br />
Clamshell packs<br />
Others<br />
Check the trending report of Global Adhesives and Sealants <strong>Market</strong>:<br />
https://www.coherentmarketinsights.com/ongoinginsight/adhesivesandsealantsmarket949<br />
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REPORT DESCRIPTION<br />
<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong>:Key Players<br />
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➢<br />
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E. I. du Pont de Nemours and Company (U.S)<br />
Riverside <strong>Medical</strong> <strong>Packaging</strong> Company Ltd. (U.K.)<br />
Constantia Flexibles Group GmbH (Austria)<br />
Avery Dennison Corporation (U.S.)<br />
Amcor Limited (Australia), Placon Corporation (U.S.)<br />
3M Company (U.S.)<br />
Wipak Group (Germany)<br />
West Pharmaceutical Services, Inc. (U.S.)<br />
Bemis Company (U.S.)<br />
SteriPack Ltd. (Ireland)<br />
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