Global Medical Packaging Film
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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• The global Medical Packaging Films market will expand significantly by XX% CAGR between 2024 and 2031.
• Asia Pacific held the major market of more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
• Europe accounted for a share of over XX% of the global market size of USD XX million.
• North America held a market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
• Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
• Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
• According to Cognitive Market Research, the thermo-formable is the dominant product type segment in the Medical Packaging Films market.
• According to Cognitive Market Research categorizes the Medical Packaging Film market application segment into blister packs, bags & pouches, lidding, sachets, wraps, and labels, with bags & pouches dominating.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Product Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Medical Packaging Film Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The market for Medical Packaging Film materials is estimated to reach a valuation of USD XX million globally by 2027, with a compound yearly growth rate (CAGR) of XX% anticipated during the forecast period. Medical packaging films are specialised films used to package medications, medical equipment, and healthcare supplies. These films are designed to create a barrier against moisture, gases, bacteria, and other environmental elements, guaranteeing the sterility, integrity, and safety of the medical objects within. Medical packaging films are often comprised of materials such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and polyethylene terephthalate (PET), which provide features such as flexibility, durability, and sealability to suit the healthcare industry's stringent requirements. Furthermore, the growing need for flexible packaging solutions has had a significant impact on the medical packaging film industry. Flexible packaging has several advantages over typical rigid packaging, including a longer shelf life, less waste, and improved patient convenience. The growing medical device sector helps the medical packaging film market since new and improved medical equipment require creative and trustworthy packaging solutions. The Global Medical Packaging Films Market is being driven primarily by an increase in healthcare spending and the incidence of chronic illnesses. Additionally, the pharmaceutical industry is seeing growth in medications and medical devices as new ailments emerge and regulatory requirements expand internationally, increasing demand for medical packaging films.
The rapid growth of the pharmaceutical industry has emerged as a significant driver for the Medical Packaging film market. As pharmaceutical businesses develop and expand their product portfolios to meet changing healthcare requirements, there is an increasing demand for packaging materials with exceptional protective qualities that protect the integrity and efficacy of pharmaceuticals and medical supplies. Medical packaging films protect pharmaceutical medicines against moisture, air, light, and microbial contamination, increasing their shelf life and efficacy. For instance, according to Statista report 2024, The global pharmaceutical market has seen significant growth, reaching an estimated 1.6 trillion U.S. dollars in 2023, a 100 billion dollar increase from 2022. The United States leads the market, followed by developed countries and emerging markets like Brazil, India, Russia, Colombia, and Egypt. The top pharmaceutical products include Humira, Eliquis, and Revlimid, with oncology being the most profitable therapeutic area.
(Source:https://www.statista.com/statistics/263102/pharmaceutical-market-worldwide-revenue-since-2001/)
Furthermore, as the pharmaceutical sector has become more globalised, cross-border trade and distribution networks have expanded exponentially, needing advanced packaging solutions to maintain product safety and regulatory compliance across the supply chain. Medical packaging films are flexible and customisable to fit a variety of pharmaceutical packaging types, including as blister packs, pouches, vials, and sachets, meeting the different demands of manufacturers, distributors, and healthcare practitioners. With the pharmaceutical sector expected to continue its rapid growth progression, fueled by factors such as ageing populations, rising chronic diseases, and biotechnology advancements, the demand for Medical Packaging Films Market is set to rise even further.
The increasing raw material prices the growth of the Medical Packaging Film market, limiting market expansion and profitability for producers. Raw material costs account for a significant share of total production expenses, therefore price variations have a direct influence on profit margins and operational efficiency. Furthermore, the fluctuation of raw material prices makes it difficult for manufacturers to effectively anticipate costs and develop long-term plans, resulting in uncertainty and hesitation in investment choices. Additionally, rising raw material prices may force firms to pass on higher production costs to customers, reducing market competitiveness and demand. To address these issues, business leaders need to adopt proactive initiatives such as diversifying supply chains, employing cost-effective production procedures, and investigating alternative materials to guarantee quality medical packaging film.
The increasing manufacturing of bioplastics for packaging gives an opportunity for the Medical Packaging Films market, which is being driven by rising consumer and industry demand for sustainable and environmentally friendly packaging solutions. Bioplastics made from renewable biomass sources such as plants, agricultural leftovers, and algae have various environmental advantages over typical petroleum-based plastics, including a lower carbon footprint, less reliance on finite resources, and improved biodegradability. As consumers, businesses, and regulatory agencies increasingly prioritise sustainability, there is a rising desire for bioplastic packaging materials across a wide range of industries, including pharmaceuticals and healthcare. For instance, in 2023, Medical plastics are a significant part of the healthcare sector, worth $80 billion in 2021. Bioplastics, a growing sector, make up 1% of the global polymer industry and are used in surgical and biodegradable materials like body implants. 3D printing is a key factor in bioplastics growth, enabling faster customization. Bioplastics also aid in medical waste disposal. As medical needs increase due to an aging population, bioresorbable polymers will continue to find new applications.
(Source:https://www.medicalplasticsnews.com/medical-plastics-industry-insights/medical-plastics-materials-insights/an-introduction-to-bioplastics-in-medical-applications/)
Moreover, the use of bioplastics in the Medical Packaging Films market has various benefits, including improved environmental credentials, increased brand recognition, and compliance with demanding regulatory standards for healthcare packaging materials. Bioplastic packaging films may be designed with features including barrier protection, flexibility, and sealability, making them ideal for a variety of medical packaging applications such as medicine packaging, medical device enclosures, and sterile barrier systems. As a result, the increased manufacturing and use of bioplastics for packaging is likely to drive innovation and growth in the Medical Packaging Films market.
The COVID-19 pandemic had a substantial influence on the Medical Packaging Films Market, increasing demand for packaging materials to support the manufacture and distribution of medicines, medical devices, and personal protective equipment. The increased emphasis on cleanliness and infection control measures has resulted in a significant increase in the usage of medical packaging films to ensure the safe and sterile packing of important healthcare supplies. Furthermore, the COVID-19 pandemic had a substantial influence on the Medical Packaging Films Market, increasing demand for packaging materials to support the manufacture and distribution of medicines, medical devices, and personal protective equipment. The increased emphasis on cleanliness and infection control measures has resulted in a significant increase in the usage of medical packaging films to ensure the safe and sterile packing of important healthcare supplies. Furthermore, interruptions in global supply chains and industrial processes caused problems for market participants, leading them to implement supply chain resilience and innovation strategies to meet growing demand while adhering to logistics restrictions. Additionally, the pandemic highlighted the significance of long-term packaging solutions, propelling work towards environmentally friendly materials and procedures in the medical packaging film business. For instance, The COVID-19 pandemic has prompted a shift towards sustainable, cost-effective, and easy-to-transport packaging materials like PLA, which consume 65% less energy. The Indian pharma packaging market saw remarkable growth. Honeywell's Aclar barrier technology sets global standards for high-barrier thermoform film, offering lower environmental liability, 12% material reduction, and reduced secondary packaging and transportation costs.
(Source:http://www.ingredientssouthasia.com/News/covid19-impact-on-pharma-packaging-paves-way-for-sustainable--cost-effective-options-hitesh-mehta)
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The global medical packaging film market has become concentrated, with a few number of large and medium-sized competitors accounting for a significant portion of revenue. Major players are implementing a variety of methods, including mergers and acquisitions, strategic partnerships and contracts, and developing, testing, and introducing more effective solutions. The major firms have resorted to capacity expansion and acquisitions as a means of meeting the growing demand in the regional marketplaces. For instance, in April 2022, Amcor, a global leader in responsible packaging solutions, added sustainable High Shield laminates to its pharmaceutical packaging portfolio. These low-carbon, recycle-ready options provide high barrier and performance requirements while supporting pharmaceutical companies' recyclability agendas. The new High Shield innovations include sustainable pharmaceutical sachet, stick pack, and strip pack packaging in paper-based and Polyolefin-based materials. The innovative material structure enables recycle-readiness and supports market differentiation efforts.
(Source:https://www.amcor.com/media/news/amcor-launches-more-sustainable-packaging-for-pharmaceuticals)
Top Companies Market Share in Medical Packaging Film Industry: (In no particular order of Rank)
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Global Medical Packaging Film Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Packaging Film Industry growth. Medical Packaging Film market has been segmented with the help of its Product Type, Application , and others. Medical Packaging Film market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, based on product type, the market is bifurcated into high-barrier films, co-extruded films, formed films, thermoformable films, and formable. The thermo-formable segment dominates the largest market share of XX% during the forecast period owing to their flexibility and suitability for a variety of medical packaging applications. These films, often comprised of polyethylene (PE), polypropylene (PP), or polyethylene terephthalate (PET), have remarkable protective qualities that ensure the sterility and quality of medical equipment and pharmaceutical items. Furthermore, thermo-formable films may be readily moulded into various shapes and sizes, meeting a wide range of medical packaging needs such as trays, blister packs, and pouches. Their capacity to adapt to various geometries while preserving barrier qualities makes them suitable for insulating delicate medical items from external pollutants, dampness, and other environmental conditions. Additionally, thermo-formable films frequently demonstrate unique sealability, resulting in tight closures that prevent tampering and ensure product safety throughout its shelf life. These factors, taken together, contribute to the dominance of thermo-formable segments in the Medical Packaging Film Market, which cater to the healthcare industry's stringent quality and regulatory requirements.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Packaging Film Industry. Request a Free Sample PDF!
According to Cognitive Market Research, based on application, the market is divided into blister packs, bags & pouches, lidding, sachets, wraps, and labels. The bags & pouches application segment dominated the market, accounting for around XX% of global revenue due to its widespread use in numerous medical settings and applications. Bags constructed of medical packaging films provide ease, adaptability, and dependable protection for a wide range of medical items, including medications, medical equipment, and surgical tools. These bags are easily customizable to handle a variety of medical item sizes and shapes, making them an effective packaging alternative for healthcare practitioners and manufacturers. Additionally, bag packaging facilitates the handling, storage, and transportation of medical supplies, easing procedures in healthcare institutions and supply chains. Furthermore, medical packaging films used in bag applications are designed to meet the most severe regulatory criteria, guaranteeing that the enclosed medical goods remain sterile, intact, and safe throughout their shelf life. The bag application category dominates the Medical Packaging Film Market due to its practicality, diversity, and capacity to efficiently satisfy the different demands of the healthcare industry.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Packaging Film market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America held a significant market share of XX% in the forecast period owing to an expanding middle-class population, disposable incomes, and demand for medical and pharmaceutical goods in developing economies such as China, India, Indonesia, and Malaysia. The region's expanding pharmaceutical output is largely driving the expansion of its film market. Furthermore, the emphasis on improving the shelf life of medical devices and products while avoiding the danger of bacterial or virus contamination boosted demand for packaging film in the medical and healthcare sectors. Additionally, medical packaging film solutions have experienced substantial expansion in populated emerging nations such as China and India due to benefits such as cost savings, sustainability, and product safety. Moreover, the growing need for implanted devices, as well as the growing healthcare business, are driving up demand for medical packaging films. The market grew owing to rising demand for implanted devices and increased public awareness in developing countries such as China and India.
The current report Scope analyzes Medical Packaging Film Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
I am a dedicated and detail-oriented research analyst, committed to unraveling the stories hidden within data. With a solid foundation in market research & analysis, I thrive in the dynamic realm of research, where every dataset presents an opportunity for discovery. My passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.
I am committed to continuous professional development, regularly participating in workshops, attending conferences, and staying attuned to emerging trends in research methodologies to maintain the highest standards in my work. I played a vital role in conducting market research and competitive analysis. I have a proven track record of synthesizing diverse datasets, employing statistical models, and presenting comprehensive insights. My collaborative approach with cross-functional teams facilitated effective communication of findings, fostering a culture of data-driven decision-making within the organization.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Packaging Film Market is witnessing significant growth in the near future.
In 2023, the High-barrier films segment accounted for noticeable share of global Medical Packaging Film Market and is projected to experience significant growth in the near future.
The Blister packs segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies • 3M , • Berry Global Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Product Type | High-barrier films, Co-extruded films, Formed films, Thermoformable films, and Formable |
Application | Blister packs, Bags & pouches, lids, Sachets, Wraps, and Labels. |
List of Competitors | • 3M, • Amcor plc, • Berry Global Inc., • Covestro AG, • Dunmore, • DuPont de Nemours, Inc., • Klöckner Pentaplast Group, • Mitsubishi Chemical Holdings Corporation, • Renolit SE, • SABIC, • Sealed Air Corporation, • Tekni-Plex, Inc., • Toppan Inc, • Toray Industries, Inc., • Wipak Group, • Weigao Group, • PolyCine, • Glenroy, • PolyCine, • Spectrum Plastics Group, • Oliver, • Eagle Flexible Packaging, • Printpack Medical |
This chapter will help you gain GLOBAL Market Analysis of Medical Packaging Film. Further deep in this chapter, you will be able to review Global Medical Packaging Film Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Medical Packaging Film Market Trends North America Medical Packaging Film Technological Road Map North America Medical Packaging Film Market Drivers North America Medical Packaging Film Market Restraints North America Medical Packaging Film Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Packaging Film market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why High-barrier films have a significant impact on Medical Packaging Film market? |
What are the key factors affecting the High-barrier films and Co-extruded films of Medical Packaging Film Market? |
What is the CAGR/Growth Rate of Blister packs during the forecast period? |
By type, which segment accounted for largest share of the global Medical Packaging Film Market? |
Which region is expected to dominate the global Medical Packaging Film Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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Additional Quantitative Data |
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