The global medical flexible packaging market is
expected to reach USD 34.62 billion by 2025, according to a new report by Grand
View Research, Inc. The growing demand for medical devices and implants coupled
with innovation in packaging materials is driving the demand for these
products.
Flexible packaging provides many
advantages as it is lightweight, has increased shelf life, and consumes less
amount of material. Medical flexible packaging products are expected to
experience increased demand over the forecast period owing to the presence of a
wide variety of offerings that cater to specific purposes. The development of
eco-friendly high strength paper is expected to further augment the market
demand.
North America was the largest
regional market in 2016 backed by the thriving medical device and implant
manufacturing industries. The presence of advanced medical device manufacturers
with specialized packaging needs is expected to drive the demand for these
products. The improving economic outlook and growing innovation on barrier
materials are expected to have a positive impact on the consumption in North
America. The presence of major companies such as Amcor and Bemis is expected to
further boost the consumption over the forecast period.
Browse full research report on Global
Medical Flexible Packaging Market: http://www.grandviewresearch.com/industry-analysis/medical-flexible-packaging-market
Further key findings from
the report suggests:
- The aluminum material segment is projected to grow at a CAGR of 6.1% from 2017 to 2025 owing to the need for special packaging products
- High barrier films are the fastest-growing product segment and expected to reach USD 7.72 billion by 2025 due to the growing popularity of high-performance laminates
- Medical device manufacturing is the largest end-use segment and accounted for over 31% of market share in 2016
- The Middle East & Africa region is expected to grow at a CAGR of 4.8% from 2017 to 2025 backed by the growing demand for low-cost medical devices
- Various strategies adopted by industry players include mergers & acquisitions, new product developments, and regional expansions
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented
the global medical flexible packaging market on the basis of material, product,
end use, and region:
Material Outlook (Revenue, USD Billion; 2014 - 2025)
- Plastics
- Polyvinyl Chloride
- Polypropylene
- Polyethylene Terephthalate
- Polyethylene
- Others
- Paper
- Aluminum
- Others
Product Outlook (Revenue, USD Billion, 2014 - 2025)
- Seals
- High Barrier Films
- Biaxially Oriented Polyethylene Terephthalate (BOPET)
- Ethylene Vinyl Alcohol
- Polyacrylonitrile
- Silicon Oxide
- Aluminum Oxide
- Polyvinylidene Chloride
- Others
- Wraps
- Pouches & Bags
- Lids & Labels
- Others
End-use Outlook (Revenue, USD Billion, 2014 - 2025)
- Pharmaceutical Manufacturing
- Medical Device Manufacturing
- Implant Manufacturing
- Contract Packaging
- Others
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Central & South Africa
- Brazil
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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