Medical Flexible Packaging Market

Medical Flexible Packaging Market Overview

Flexible packaging refers to the packaging product that uses a variety of flexible materials, including foil, plastic, bioplastics, and paper, to create pouches, bags, and other pliable product containers. The flexible packaging is used in medical segment for shipping, handling, and storing intricate devices, drugs, and other medical instruments including syringes, incubators, dialysis machines, capsules, pills, tablets, sanitizing wipes, inhalation devices, ointments, electrodes, medicated swabs, bandages, transdermal patches, and many more. The medical flexible packaging help in providing user-friendly packaging option, offering enhanced product life, and protecting healthcare products from damage and contamination.

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Major Medical Flexible Packaging Market Drivers

Growing healthcare industry, rising availability of home healthcare facilities, the continuous advancement in the development of pharmaceutical products and medical devices are some of the factors driving the growth of the medical flexible packaging market share. Additionally, the flexible packaging offer low weight, easy disposal, product variety, and help in protecting medical products from biological contamination and material damage. This is further expected to boost the market growth. Moreover, accordingly to the Flexible Packaging Association (FPA) survey of 2,120 consumers, 60% consumers are willing to pay more for tangible, functional packaging benefits that include reseal, easy storage, and easy openability, which is expected to contribute to the growth of the market in the medical sector.

According to the World Bank, the healthcare expenditure is around 9.8% of the world GDP in 2018 owing to the increasing focus towards the advancements of medical products and devices for prevention of diseases globally. Furthermore, the outbreak of COVID 19 pandemic has further stimulated the rise in the expenditure for the production and development of safe medicines, medical tools, and devices. This is anticipated to contribute to the increase in the demand for medical flexible packaging products in the coming years.

Restraint in the Medical Flexible Packaging Market

However, fluctuation in the cost of raw materials and high cost of development of flexible packaging products for medical devices and pharmaceuticals is expected to hamper the growth of the market.

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Material – Segment Analysis

Based on the material, plastics is expected to account for a large share in the market owing to the increasing use of polyethylene, polyethylene terephthalate, polypropylene, and polyvinyl chloride in the from drug packaging to packaging for medical devices including intravenous (IV) tubes, blood bags, prescription bottles, veterinary and human medicine dispensers, serum vials, and others. According to Plastic Oceans International, packaging is one of the largest end-use market segment accounting for over 40% of total plastic usage. This is expected to contribute to the market growth.

Product – Segment Analysis

Based on the product, the high-barrier films segment is estimated to register a notable CAGR over the forecast period. This is primarily due to their benefits that includes prevention of water, oxygen, light and other elements from entering or exiting a product’s packaging; increased heat tolerance and strength; and the advantage of incorporating value-added features such as resealable zippers and sliders.

End-Use – Segment Analysis

Based on the end-use, the pharmaceutical manufacturing segment is expected to hold a significant market share primarily due to various benefits of flexible packaging that includes easy-to-open and close; easy to grasp and store; protection of pharmaceutical products from contamination and environmental conditions; safe and easy dispensing with precision; recyclability, and others.

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Regional – Segment Analysis:

Based on region, North America is expected to account for a major share in the market over the forecast period. This is primarily due to the growing awareness towards healthcare, rising demand for better and eco-friendly packaging among consumers, and increasing government healthcare spending in the region. According to the flexible packaging association, the flexible packaging industry had $31.8 billion sales in the U.S. in 2018. Additionally, flexible packaging is the second largest packaging segment in the U.S., garnering about 19 percent of the $170 billion U.S. packaging market in 2018.

Top Market Players

Several leading Medical Flexible Packaging companies operating in the market, include, AptarGroup, Inc., Dätwyler Holding, Inc., Becton, Dickinson & Company, Berry Global, Inc., Catalent, Inc., Coveris, Winpak Ltd., Sealed Air Corporation, CCL Industries, Inc., and Amcor Plc among others. 

Key Developments: 

• • In 2020, Amcor completed the acquisition of Bemis Company Inc., and the combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis is expected to bring additional scale, capabilities, and footprint in strengthening Amcor’s packaging business for industries including pharmaceutical and medical through a range of flexible and rigid packaging and services.

Segments covered in the Report:

The global Medical Flexible Packaging market has been segmented on the basis of material, product, end-use, and key regions. Based on material, the market is segmented into plastics, paper, aluminium, and bioplastics. Based on product, the market is segmented into seals, high barrier films, wraps, pouches & bags, lids & labels, and others. On the basis of end-use, the market is segmented into pharmaceutical manufacturing, medical device manufacturing, implant manufacturing, contract packaging, and others. 

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Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material, By Product, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AptarGroup, Inc., Dätwyler Holding, Inc., Becton, Dickinson & Company, Berry Global, Inc., Catalent, Inc., Coveris, Winpak Ltd., Sealed Air Corporation, CCL Industries, Inc., and Amcor Plc among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Medical Flexible Packaging Market by Material

• • Plastics
    • Polyvinyl Chloride
    • Polypropylene
    • Polyethylene Terephthalate
    • Polyethylene
    • Others
  • Paper
  • Aluminium
  • Bioplastics

Global Medical Flexible Packaging Market by Product

• • Seals
  • High Barrier Films
  • Wraps
  • Pouches & Bags
  • Lids & Labels
  • Others

Global Medical Flexible Packaging Market by End-Use

• • Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • Implant Manufacturing
  • Contract Packaging
  • Others

Global Medical Flexible Packaging Market by Region

• • North America Medical Flexible Packaging Market (Option 1: As a part of the free 25% customization)

    • North America Medical Flexible Packaging Market by Material
    • North America Medical Flexible Packaging Market by Product
    • North America Medical Flexible Packaging Market by End-Use
    • US Medical Flexible Packaging Market All-Up
    • Canada Medical Flexible Packaging Market All-Up

  • Europe Medical Flexible Packaging Market (Option 2: As a part of the free 25% customization)

    • Europe Medical Flexible Packaging Market by Material
    • Europe Medical Flexible Packaging Market by Product
    • Europe Medical Flexible Packaging Market by End-Use
    • UK Medical Flexible Packaging Market All-Up
    • Germany Medical Flexible Packaging Market All-Up
    • France Medical Flexible Packaging Market All-Up
    • Spain Medical Flexible Packaging Market All-Up
    • Rest of Europe Medical Flexible Packaging Market All-Up

  • Asia-Pacific Medical Flexible Packaging Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Medical Flexible Packaging Market by Material
    • Asia-Pacific Medical Flexible Packaging Market by Product
    • Asia-Pacific Medical Flexible Packaging Market by End-Use
    • China Medical Flexible Packaging Market All-Up
    • India Medical Flexible Packaging Market All-Up
    • Japan Medical Flexible Packaging Market All-Up
    • Rest of APAC Medical Flexible Packaging Market All-Up

  • RoW Medical Flexible Packaging Market (Option 4: As a part of the free 25% customization)

    • RoW Medical Flexible Packaging Market by Material
    • RoW Medical Flexible Packaging Market by Product
    • RoW Medical Flexible Packaging Market by End-Use
    • Brazil Medical Flexible Packaging Market All-Up
    • South Africa Medical Flexible Packaging Market All-Up
    • Saudi Arabia Medical Flexible Packaging Market All-Up
    • UAE Medical Flexible Packaging Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Medical Flexible Packaging Market All-Up

Major Players Operating in the Medical Flexible Packaging Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AptarGroup, Inc.
  • Dätwyler Holding, Inc.
  • Becton, Dickinson & Company
  • Berry Global, Inc.
  • Catalent, Inc.
  • Coveris
  • Winpak Ltd.
  • Sealed Air Corporation
  • CCL Industries, Inc.
  • Amcor Plc