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$7.1Bn Medical Packaging Films Market by Material, Type, Application and Region - Global Forecast to 2023 - ResearchAndMarkets.com

December 17, 2018

DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “Medical Packaging Films Market by Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide), Type (Thermoformable Film, High Barrier Film), Application (Bag, Tube, Others), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The medical packaging market is projected to grow from USD 5.6 billion in 2018 to USD 7.1 billion by 2023, at a CAGR of 4.87% during the forecast period.

The growing demand for medical packaging films and increasing demand for bi-axially oriented films in the healthcare industry are factors that are driving the growth of the medical packaging films market across the globe. However, various environmental regulations across regions for packaging products is projected to inhibit the growth of the market.

The thermoformable film segment in the medical packaging films market is projected to grow at the highest CAGR during the forecast period, in terms of volume. This segment is projected to witness significant growth due to the high strength and durability offered by thermoformable films. Leading players provide thermoforming film packages for medical drugs and equippers to offer unique packaging solutions to the industry.

The polyethylene segment is projected to lead the medical packaging films market from 2018 to 2023, in terms of both, value and volume. Due to its low cost, low friction, and chemical resistance properties, LDPE remains a preferred alternative to PVC.

The medical packaging films market comprises major manufacturers such as Amcor (Australia), Berry Global Group (US), DuPont (US), Weigao Group (China), PolyCine (Germany), Covestro AG (Germany), Glenroy (US) and 3M Company (US), Wipak Group, and Renolit SE (Germany).

Market Dynamics

Drivers

Increase in Incidences of Chronic Conditions and Expenditure of Healthcare Facilities Increase in Demand for Bioplastic Material Rise in Demand for Bi-Axially Oriented Films

Restraints

Fluctuations in the Prices of Raw Materials

Opportunities

Growth in Demand for Sustainable Packaging Solutions Emerging Markets Represent Business Expansion Opportunities

Challenges

Stringent Rules & Regulations

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Medical Packaging Films Market, By Material

7 Medical Packaging Films Market, By Type

8 Medical Packaging Films Market, By Application

9 Medical Packaging Films Market, By Region

10 Competitive Landscape

11 Company Profiles

3M Amcor Berry Global Group Coveris Holdings Covestro Dunmore Corporation DuPont Glenroy Klckner Pentaplast Polycine Renolit Tekra Corporation Toray Industries Weigao Group Wipak Group

For more information about this report visit https://www.researchandmarkets.com/research/mf6vzq/7_1bn_medical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181217005742/en/

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Related Topics:Pharmaceutical Packaging,Medical Plastics

KEYWORD:

INDUSTRY KEYWORD: HEALTH OTHER HEALTH MANUFACTURING PACKAGING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/17/2018 02:04 PM/DISC: 12/17/2018 02:04 PM

http://www.businesswire.com/news/home/20181217005742/en

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