Medical Flexible Packaging Market
Global Medical Flexible Packaging Market Size, Share & Trends Analysis Report By Material (Plastics, Paper, Aluminum, and Bioplastics) By Packaging (Seals, High Barrier Films, Wraps, Pouches and Bags, Others) By End-User (Pharmaceutical Manufacturing, Medical Device Manufacturing, Implant Manufacturing) Forecast Period, 2021-2027 Update Available - Forecast 2024-2030
The global medical flexible packaging market is projected to grow at a modest CAGR of nearly 6.0% during the forecast period (2021-2027). The primary factor driving the market include the growing pharmaceutical industry in emerging economies and rising demand for orthopedic implants. Rising number of drug discoveries and development activities coupled with the rising prevalence of chronic diseases have led to an increased demand for pharmaceutical manufacturing. This, in turn, is driving the adoption of flexible packaging structures that is utilized to package and protect several drug products including powders, capsules, and tablets for pharmaceuticals use.
Impact of COVID-19 Pandemic on Global Medical Flexible Packaging Market
COVID-19 pandemic led to a positive impact on the growth of the global medical flexible packaging market. During the pandemic, there is high demand for drugs and other medical supplies which in turn have led to an increased adoption of medical flexible packaging solutions. However, there were disruptions in supply chain and logistics operations due to the lockdown imposed by the central government.
Segmental Outlook
The global medical flexible packaging market is segmented based on material, packaging, and end-user. Based on material, the market is segmented into plastics, paper, aluminum, and bioplastics. Plastics are further segmented into polyvinyl chloride, polypropylene, polyethylene terephthalate, polyethylene, and others. Among materials, the plastics segment is expected to have a considerable share in the market during the forecast period. The attributable factors for the growth of the segment include the presence of a larger number of manufacturing facilities. Further, the most commonly used plastics include polyethylene terephthalate and polyethylene. Based on packaging, the market is segmented into seals, high barrier films, wraps, pouches & bags, and others.
Among packaging, the demand for pouches and bags are expected to grow signifcantly during the forecast period, owing to its utilization in packaging a large range of medical products. The end-user industry is further segmented into pharmaceutical manufacturing, medical device manufacturing, implant manufacturing, and others. Among end-user, the pharmaceutical segment is expected to have the highest revenue in the market owing to the rising drug development activities. Medical device manufacturing is the second-largest end-user segment in the market owing to the rise in the demand for medical devices across the globe. Medical device packaging must support that its contents to be sterilized and maintain sterility until the time of use.
Global Medical Flexible Packaging Market Share by Packaging, 2020 (%)
High Barrier Films Segment to Hold a Lucrative Share in the Global Medical flexible packaging Market
Based on packaging, the market is segmented into seals, high barrier films, wraps, pouches & bags, others. Among packaging, the high barrier films segment is expected to hold a lucrative share during the forecast period. The attributable factor for the growth of the segment is the availability of these films in a wide range which makes them compatible with most medical equipment and drugs. This packaging thermoforms well on traditional blister packaging equipment and offers the suitable barrier of any clear film. In addition to this, most high-barrier film providers offer packaging made from a variety of materials to establish a one-stop solution for drug and equipment manufacturers.
Regional Outlook
Geographically, the global medical flexible packaging market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the medical flexible packaging market in the region. The regional growth of the market is accredited to the rising healthcare expenditure in the economies such as China and India. Additionally, the government initiatives to increase the accessibility of proper treatment to the country’s population is supporting to drive the demand for pharmaceuticals manufacturing in the region.
For instance, Indian government has launched Ayushman Bharat, the world's largest government-funded scheme in September 2018. It is a health premium program focused on affordable and better healthcare services to the people of the country. According to IBEF (India Brand Equity Foundation), India's medical tourism industry is growing at a substantial rate of 22-25% and is estimated to increase its contribution to India's healthcare industry in the future. North America held a major market position in the market in 2020. The well-developed infrastructure and growing investments in the pharmaceuticals and medical devices market are some of the key factors driving the growth of the regional market. Europe is the second-largest market in 2020 owing to the growth in pharmaceuticals sector and the presence of some crucial players such as Mondi plc and Amcor plc in the region.
Global Medical Flexible Packaging Market Growth, by Region 2021-2027
Market Players Outlook
Some prominent players functioning in the global medical flexible packaging market include Amcor PLC, Catalent Pharma Solutions, and Becton Dickinson and Co., among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. For an instance, in June 2019, Amcor announced the acquisition of Bemis Co. Inc. The combined company after acquisition operated as Amcor PLC (Amcor). The Bemis acquisition brings additional scale, footprint, and capabilities that will reinforce Amcor's value proposition and generate significant value for shareholders.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical flexible packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Medical Flexible Packaging Industry
• Recovery Scenario of Global Medical Flexible Packaging Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Conclusion
2.3. Porter’s Analysis
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Amcor plc
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.2. Mondi plc
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Medical Flexible Packaging Market by Material
5.1.1. Plastics
5.1.1.1. Polyvinyl Chloride
5.1.1.2. Polypropylene
5.1.1.3. Polyethylene Terephthalate
5.1.1.4. Polyethylene
5.1.1.5. Others
5.1.2. Paper
5.1.3. Aluminum
5.1.4. Bioplastics
5.2. Global Medical Flexible Packaging Market by Packaging
5.2.1. Seals
5.2.2. High Barrier Films
5.2.3. Wraps
5.2.4. Pouches and Bags
5.2.5. Others (Lids & Labels)
5.3. Global Medical Flexible Packaging Market by Application
5.3.1. Pharmaceutical Manufacturing
5.3.2. Medical Device Manufacturing
5.3.3. Implant Manufacturing
5.3.4. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Becton, Dickinson & Company
7.2. Berry Global, Inc.
7.3. Catalent Pharma Solutions
7.4. CCL Industries, Inc.
7.5. Constantia Flexibles Group GmbH
7.6. Coveris Management GmbH
7.7. Flexible Medical Packaging Ltd.
7.8. Gerresheimer AG
7.9. Glenroy, Inc.
7.10. Huhtamäki Oyj
7.11. Sealed Air Corp.
7.12. Skypack India Pvt Ltd.
7.13. WestRock, Aptar, Inc.
7.14. Winpak Ltd.
7.15. Yulian (Henan) Pharma Foil Co., Ltd.
1. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
2. GLOBAL PLASTIC BASED MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL PAPER BASED MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL ALUMINIUM BASED MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL BIOPLASTICS BASED MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2020-2027 ($ MILLION)
7. GLOBAL MEDICAL SEALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL MEDICAL HIGH BARRIER FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MEDICAL WRAPS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL MEDICAL POUCHES AND BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL OTHER (LIDS & LABELS) MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
13. GLOBAL MEDICAL FLEXIBLE PACKAGING IN PHARMACEUTICAL MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
14. GLOBAL MEDICAL FLEXIBLE PACKAGING IN MEDICAL DEVICE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
15. GLOBAL MEDICAL FLEXIBLE PACKAGING IN IMPLANT MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
16. GLOBAL MEDICAL FLEXIBLE PACKAGING IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
17. NORTH AMERICAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
19. NORTH AMERICAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2020-2027 ($ MILLION)
20. NORTH AMERICAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. EUROPEAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. EUROPEAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
23. EUROPEAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2020-2027 ($ MILLION)
24. EUROPEAN MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. REST OF THE WORLD MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
30. REST OF THE WORLD MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2020-2027 ($ MILLION)
31. REST OF THE WORLD MEDICAL FLEXIBLE PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET, 2021-2027(%)
4. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY MATERIAL, 2020 VS 2027 (%)
5. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY PACKAGING, 2020 VS 2027 (%)
6. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
7. GLOBAL MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL PLASTICS BASED MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
9. GLOBAL PAPER BASED MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
10. GLOBAL ALUMINUM BASED MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
11. GLOBAL BIOPLASTICS BASED MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
12. GLOBAL MEDICAL SEALS MARKET SHARE BY REGION, 2020 VS 2027 (%)
13. GLOBAL MEDICAL HIGH BARRIER FILMS MARKET SHARE BY REGION, 2020 VS 2027 (%)
14. GLOBAL MEDICAL WRAPS MARKET SHARE BY REGION, 2020 VS 2027 (%)
15. GLOBAL MEDICAL POUCHES AND BAGS MARKET SHARE BY REGION, 2020 VS 2027 (%)
16. GLOBAL OTHER MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
17. GLOBAL PHARMACEUTICAL MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
18. GLOBAL MEDICAL DEVICE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
19. GLOBAL IMPLANT PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
20. GLOBAL OTHER MEDICAL FLEXIBLE PACKAGING MARKET SHARE BY REGION, 2020 VS 2027 (%)
21. US MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
22. CANADA MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
23. UK MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
24. FRANCE MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
25. GERMANY MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
26. ITALY MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
27. SPAIN MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
28. ROE MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
29. INDIA MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
30. CHINA MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
31. JAPAN MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
32. ASEAN MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
33. SOUTH KOREA MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF ASIA-PACIFIC MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
35. REST OF THE WORLD MEDICAL FLEXIBLE PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
