Medical Packaging Market
Global Medical Packaging Market Size, Share & Trends Analysis Report by Material Type (Polymer, Paper & Paperboard, and Non-woven fabric), By Packaging Type (Bags & Pouches, Trays, Boxes, and Others), By Application (Medical Tools & Equipment, Medical Devices, Diagnostic Products, and Implants) By Device Class (Class I, Class II, Class III) Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The medical packaging market is anticipated to grow at a CAGR of 6.1% during the forecast period. The medical packaging market is experiencing good growth owing to the advancing global healthcare sector coupled with increased healthcare spending. Medical packaging plays an important role in protecting any medical device quality throughout the transportation process and hence encourages its safe and effective use. The continuous innovation in sustainable packaging technology is significantly aiding in the growth of the medical packaging market during the forecast period.
Moreover, the high growth in the utilization of implantable devices is also fostering the growth of the medical packaging market. However, the fluctuation in the prices of raw material used for packaging owing to the changing import-export regulation of the respective countries coupled with disruption in the supply chain is anticipated to hamper the growth of the medical packaging market. For instance, the recent outbreak of the COVID-19 pandemic in China has significantly affected the supply chain and availability of the raw material for packaging as most of the countries sealed their borders. However, the demand for medical devices (especially respiratory medical devices) is expected to witness significant growth all across the globe due to the COVID-19 pandemic. Moreover, reducing carbon footprint is one of the major challenges for the packaging industry. Hence, by introducing sustainable and eco-friendly packaging, companies can find significant opportunities in the global market.
Segmental Outlook
The global medical packaging market is segmented based on material type, packaging type, application, and class device. Based on the material type, the market is sub-segmented into the polymer, paper & paperboard, and non-woven fabric. Based on the packaging type, the market is sub-segmented into bags & pouches, trays, boxes, and others. Further, based on the application, the market is sub-segmented into medical tools & equipment, medical devices, diagnostic products, and implants. Moreover, by device class, the market is sub-segmented into Class I, Class II, and Class III. The medical device classes have been taken into consideration as per the US FDA regulations.
The polymer segment will hold the major market share by material type
The polymer segment is anticipated to hold a major market share with a significant CAGR in the medical packaging market owing to the high application of polymers for packaging purposes. Polycarbonate is a group of thermoplastic polymers that are used in a variety of medical applications including medical device packaging. Polycarbonate can also be used in the form of a film that is expected to offer high gloss and clarity, hence they are utilized heavily across the globe to provide clear packaging for critical medical devices. Moreover, the polymer packaging material also provides enhanced flexibility for the medical device packaging which is also expected to significantly drive the growth of the polymer segment in the medical packaging industry.
Global Medical Packaging Market Share by Material Type, 2020 (%)
Regional Outlooks
The global medical packaging market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share in the medical packaging market during the forecast period. The large market share in the region is owing to the region’s established healthcare services sector. Moreover, the stringent government regulations in the region also significantly promote the growth of the medical packaging material market across the region. In addition to this, the strong presence of key medical device manufacturers coupled with material manufacturers is also contributing considerably to the medical packaging market across the region. As per the US Trade Administration, the US is the largest medical device market globally with around $156 billion in 2017 which is around 40% of the global share. Moreover, the country also exported medical devices worth $48 billion in 2018.
Global medical packaging Market Growth, by Region 2020-2026
Asia-Pacific will augment with the fastest growth rate in the medical packaging market
Asia-Pacific is anticipated to hold the fastest growth rate in the medical packaging market owing to the continuously evolving healthcare industry in countries such as India and China. The rapidly increasing medical device production facilities across the region are anticipated to foster the growth of the medical packaging market. Moreover, the increasing trend of eco-friendly packaging owing to the changing government regulations as well as with the raising awareness of consumers is also expected to drive the growth of the industry. The increasing middle-class population across the region is also driving the industry owing to the high demand for sterile forms of medical packaging.
Market Players Outlook
The medical packaging market is a fragmented market however the key players include Berry Global Inc., Constantia Flexibles Group GmbH, Oliver-Tolas Healthcare Packaging B.V., Sonoco Products Co., WestRock Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including merger & acquisition, collaborations with government, funding to the start-ups, and new product launches to stay competitive in the market.
Recent Activity
- In January 2020, Sonoco Product Co. announced the completion of the acquisition of Thermoform Engineered Quality, LLC, and Plastique Holdings, Ltd. from ESCO Technologies, Inc. for $187 million. The acquisition is anticipated to strengthen the company’s position in the healthcare packaging sector.
- In January 2019, Technipaq Inc. has expanded by enhancing its production capacity with the addition of new printing and pouch fabricating machinery, which is designed especially for the high-efficiency production of chevron and other types of medical pouches.
- In June 2019, Tekni-Plex, Inc. has completed the acquisition of three manufacturing facilities from Amcor’s Flexible Packaging business unit that are engaged in providing a broad portfolio of sterilizable medical device packaging substrates. The acquisition is intended to expand the company’s complex packaging solution portfolio for medical device manufacturers.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Medical packaging market. Based on the availability of data, information related to new product launches, 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
1.1. Research Business Functions 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. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Berry Global Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. CCL Industries Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Oliver-Tolas Healthcare Packaging B.V.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Sonoco Products Company
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. WestRock group
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Medical Packaging Market by Material Type
5.1.1. Polymer
5.1.2. Paper & Paperboard
5.1.3. Non-woven fabric
5.2. Global Medical Packaging Market by Packaging Type
5.2.1. Bags & Pouches
5.2.2. Trays
5.2.3. Boxes
5.2.4. Others
5.3. Global Medical Packaging Market by Application
5.3.1. Medical Tools & Equipment
5.3.2. Medical Devices
5.3.3. Diagnostic Products
5.3.4. Implants
5.4. Global Medical Packaging Market byDevice Class
5.4.1. Class I
5.4.2. Class II
5.4.3. Class III
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. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Amcor Plc
7.2. AptarGroup, Inc.
7.3. Avery Dennison Corp.
7.4. Ayka Medical Inc.
7.5. Berry Global Inc.
7.6. CCL Industries Corp.
7.7. Constantia Flexibles Group GmbH
7.8. DuPont de Nemours, Inc.
7.9. Gerresheimer AG
7.10. Hamer Packaging Technology, S.L.
7.11. J-Pac, LLC
7.12. KP Holding GmbH & Co.
7.13. Oliver-Tolas Healthcare Packaging B.V.
7.14. Placon Corp.
7.15. Smiths Medical OEM
7.16. Sonoco Products Co.
7.17. Technipaq Inc.
7.18. Tekni-Plex, Inc.
7.19. Thomas Packaging LLC
7.20. TOPPAN PRINTING CO., LTD.
7.21. WestRock Co.
7.22. Wihuri Packaging Oy (Wipak)
1. GLOBAL MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
2. GLOBAL POLYMER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL PAPER & PAPERBOARD MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL NON-WOVEN FABRIC MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING TYPE, 2019-2026 ($ MILLION)
6. GLOBAL BAGS & POUCHES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL TRAYS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL BOXES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
11. GLOBAL MEDICAL TOOLS & EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL DIAGNOSIS PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL IMPLANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY Device class, 2019-2026 ($ MILLION)
16. GLOBAL Class I MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. GLOBAL Class II MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
18. GLOBAL Class III MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
19. GLOBAL MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
20. NORTH AMERICA MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. NORTH AMERICAN MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
22. NORTH AMERICAN MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING TYPE, 2019-2026 ($ MILLION)
23. NORTH AMERICAN MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
24. NORTH AMERICAN MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY device class, 2019-2026 ($ MILLION)
25. EUROPE MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. EUROPE MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
27. EUROPE MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING TYPE, 2019-2026 ($ MILLION)
28. EUROPE MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
29. Europe MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY device class, 2019-2026 ($ MILLION)
30. ASIA-PACIFIC MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
31. ASIA-PACIFIC MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
32. ASIA-PACIFIC MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING TYPE, 2019-2026 ($ MILLION)
33. ASIA-PACIFIC MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
34. Asia Pacific MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY device class, 2019-2026 ($ MILLION)
35. REST OF THE WORLD MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
36. REST OF THE WORLD MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING TYPE, 2019-2026 ($ MILLION)
37. REST OF THE WORLD MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
38. Rest of the world MEDICAL PACKAGING MARKET RESEARCH AND ANALYSIS BY device class, 2019-2026 ($ MILLION)
1. GLOBAL MEDICAL PACKAGING MARKET SHARE BY MATERIAL TYPE, 2019 VS 2026 (%)
2. GLOBAL MEDICAL PACKAGING MARKET SHARE BY PACKAGING TYPE, 2019 VS 2026 (%)
3. GLOBAL MEDICAL PACKAGING MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
4. GLOBAL MEDICAL PACKAGING MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL MEDICAL PACKAGING MARKET SHARE BY Device class, 2019 VS 2026 (%)
6. US MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
7. CANADA MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
8. UK MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
9. FRANCE MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
10. GERMANY MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
11. ITALY MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
12. SPAIN MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
13. ROE MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
14. INDIA MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
15. CHINA MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
16. JAPAN MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF ASIA-PACIFIC MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
18. REST OF THE WORLD MEDICAL PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
