The global medical flexible packaging market is expected to grow at a CAGR of around 6.6% from 2020 to 2027 and expected to reach the market value of around US$ 20.5 Bn by 2027.
For many powders and solid dose items (pills), flexible formats have been used for decades. Indeed, the first headache powders were sold in paper/plastic laminate sachets, which are still widely available today. The first aspirins were sold in aluminum foil strip packaging. This foil material is still used exclusively for blister packaging lidding today, usually in conjunction with a rigid plastic 'blister. Some formats, however, now use foil on foil, which has the advantage of being less prone to damage. Medical devices, ranging from simple syringes to highly sophisticated dosing mechanisms, are also packaged in flexible bags or foil packs to protect them and maintain a sterile or moisture-free environment. Flexible packaging has numerous advantages for medical and pharmaceutical products. It not only protects and extends the shelf-life of products, but it also uses less energy to manufacture, lowers shipping costs, and sends fewer materials to landfills.
Market Drivers
Medical flexible packaging provides numerous advantages, including product protection, ease of shipment and less space utilization during storage and shipment, lowering warehousing and shipment costs. This improves the manufacturers' overall cost efficiency. Medical flexible packaging eliminates the possibility of contamination. The water-resistant medical flexible packaging has a smooth finish that prevents particles from contaminating the packaging. Furthermore, the expansion of the global pharmaceutical market is likely to increase medical product expenditure, which will have a direct impact on the medical flexible packaging market. To protect the interests of end-users, hygiene is paramount in medical flexible packaging. Sterilization has become critical in order to keep medical products clean and extend their shelf life. This is expected to increase demand for medical flexible packaging in the market.
Rising population, increasing disposable income and expenditure on healthcare facilities are likely to impact the growth of medical flexible packaging positively. The healthcare industry is rapidly expanding because health care is a significant component of a country's economic growth and an indicator of social safety net facilities. Because of the rise in chronic illnesses, the healthcare industry is expected to grow. Furthermore, the improvement and availability of healthcare facilities around the world are likely to drive market demand for medical flexible packaging.
COVID-19 impact on Medical Flexible Packaging Market
The COVID 19 pandemic will present challenges for businesses all over the world. As the number of infections rises, so will the demand for medical products. Manufacturers of basic medical supplies to combat the infection are likely to benefit from the epidemic. Many of these items are low-margin disposables, such as standard examination medical supplies, masks, wipes, gloves, and personal protective equipment (PPE). Reduced production capacity is likely to constrain supply as a result of supply chain disruptions. This is expected to increase market demand for medical flexible packaging that is both convenient and safe to use.
Market Segmentation
The global medical flexible packaging market is segmented based on material, product, and end-user. By material, the product is segmented as plastics, paper, aluminium, and bioplastics. Plastics, is further segmented as polyvinyl chloride, polypropylene, polyethylene terephthalate, polyethylene, and others. Further, product is segmented as seals, high barrier films, wraps, pouches & bags, lids & labels, and others. High Barrier Films is further segregated as biaxially oriented polyethylene terephthalate (BOPET), ethylene vinyl alcohol (EVA), polyacrylonitrile, silicon oxide, aluminum oxide, polyvinylidene chloride, and others. End-use is further segmented as pharmaceutical manufacturing, medical device manufacturing, implant manufacturing, contract packaging, and others.
Based on material, the plastics segment is expected to take the lead in the global market, accounting for a sizable market share in the global medical flexible packaging market. Plastics provide more options and have higher tensile strength than metals, which is expected to drive segment growth over the forecast period. Extrusion technology innovation, as well as the presence of a large number of manufacturing facilities, have increased demand for plastics and paved the way for new product development in medical packaging. Polyethylene, polyethylene terephthalate, polypropylene, and polyvinyl chloride are the most commonly used plastics. In other types of packaging, plastic is frequently used to retain the structure of packaging and make it waterproof by adding a thin layer of plastic film. Oil price fluctuations affect the costs of plastics, which in turn affect the prices of plastic medical flexible packaging.
By product, the pouches and bags segment is expected to take a commanding lead in the global market, accounting for the lion's share. Pouches and bags are used to package a variety of medical products. Amcor is a major manufacturer and supplier of pouches and bags in the healthcare industry. Over the forecast period, the segment is expected to be driven by the development of special pouches and bags with high-barrier packaging.
The pharmaceutical manufacturing segment has dominated the global medical flexible packaging market in the past and is expected to do so again during the forecast period. The preference of manufacturers to have an in-house packing facility is driving packaging material consumption in this end-use segment. However, demand is expected to fall as manufacturers outsource their packaging activities in order to save money.
Regional Overview
Because of the region's pharmaceutical and medical device manufacturers, North America is expected to dominate the global medical flexible packaging market. The region accounts for a sizable portion of medical product exports. The Asia Pacific region is expected to grow rapidly due to the expansion of the medical industry. The economic outlook and government aid are likely to have an impact on healthcare facility spending in the region, which is expected to fuel consumption. The growing population, the rise in chronic illnesses and the presence of a large number of manufacturers in the region all contribute to an increase in demand for medical flexible packaging, which is expected to benefit the medical industry.
Competitive Landscape
The prominent players involved in the global medical flexible packaging market are Bemis Company, Inc., Dätwyler Holding, Inc., Becton, Dickinson & Company, Berry Global, Inc., Catalent, Inc., Coveris, Winpak Ltd., Sealed Air Corporation, and among others
Market Segmentation
Market By Material
Plastics
- Polyvinyl Chloride
- Polypropylene
- Polyethylene Terephthalate
- Polyethylene
- Others
Paper
Aluminum
Bioplastics
Market By Product
Seals
High Barrier Films
- Biaxially Oriented Polyethylene Terephthalate (BOPET)
- Ethylene Vinyl Alcohol (EVA)
- Polyacrylonitrile
- Silicon Oxide
- Aluminum Oxide
- Polyvinylidene Chloride
- Others
Wraps
Pouches & Bags
Lids & Labels
Others
Market By End-use
Pharmaceutical Manufacturing
Medical Device Manufacturing
Implant Manufacturing
Contract Packaging
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Medical Flexible Packaging
1.1. Definition and Scope
1.1.1. Definition of Medical Flexible Packaging
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Medical Flexible Packaging Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Medical Flexible Packaging Market By Material
1.2.3. Medical Flexible Packaging Market By Product
1.2.4. Medical Flexible Packaging Market By End-use
1.2.5. Medical Flexible Packaging Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Medical Flexible Packaging Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Medical Flexible Packaging Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Medical Flexible Packaging Major Manufacturers in 2019
CHAPTER 5. Medical Flexible Packaging Market By Material
5.1. Introduction
5.2. Medical Flexible Packaging Revenue By Material
5.2.1. Medical Flexible Packaging Revenue (US$ Mn) and Forecast, By Material, 2016-2027
5.2.2. Plastics
5.2.2.1. Plastics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.2. Polyvinyl Chloride
5.2.2.2.1. Polyvinyl Chloride Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.3. Polypropylene
5.2.2.3.1. Polypropylene Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.4. Polyethylene Terephthalate
5.2.2.4.1. Polyethylene Terephthalate Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.5. Polyethylene
5.2.2.5.1. Polyethylene Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.6. Others
5.2.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Paper
5.2.3.1. Paper Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Aluminum
5.2.4.1. Aluminum Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Bioplastics
5.2.5.1. Bioplastics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Medical Flexible Packaging Market Revenue By Product
6.1. Introduction
6.2. Medical Flexible Packaging Revenue (US$ Mn) By Product
6.2.1. Medical Flexible Packaging Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
6.2.2. Seals
6.2.2.1. Seals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. High Barrier Films
6.2.3.1. High Barrier Films Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.2. Biaxially Oriented Polyethylene Terephthalate (BOPET)
6.2.3.2.1. Biaxially Oriented Polyethylene Terephthalate (BOPET) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.3. Polyacrylonitrile
6.2.3.3.1. Polyacrylonitrile Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.4. Silicon Oxide
6.2.3.4.1. Silicon Oxide Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.5. Aluminum Oxide
6.2.3.5.1. Aluminum Oxide Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.6. Polyvinylidene Chloride
6.2.3.6.1. Polyvinylidene Chloride Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.7. Others
6.2.3.7.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Wraps
6.2.4.1. Wraps Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Pouches & Bags
6.2.5.1. Pouches & Bags Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Lids & Labels
6.2.6.1. Lids & Labels Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7. Others
6.2.7.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Medical Flexible Packaging Market By End-use
7.1. Introduction
7.2. Medical Flexible Packaging Revenue (US$ Mn) By End-use
7.2.1. Medical Flexible Packaging Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
7.2.2. Pharmaceutical Manufacturing
7.2.2.1. Pharmaceutical Manufacturing Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Medical Device Manufacturing
7.2.3.1. Medical Device Manufacturing Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Implant Manufacturing
7.2.4.1. Implant Manufacturing Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Contract Packaging
7.2.5.1. Contract Packaging Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Others
7.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Medical Flexible Packaging Market By Country
8.1. North America Medical Flexible Packaging Overview
8.2. U.S.
8.2.1. U.S. Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
8.2.2. U.S. Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.2.3. U.S. Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.3. Canada
8.3.1. Canada Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
8.3.2. Canada Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.3.3. Canada Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Medical Flexible Packaging Market By Country
9.1. Europe Medical Flexible Packaging Market Overview
9.2. U.K.
9.2.1. U.K. Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
9.2.2. U.K. Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.2.3. U.K. Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.3. Germany
9.3.1. Germany Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
9.3.2. Germany Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.3.3. Germany Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.4. France
9.4.1. France Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
9.4.2. France Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.4.3. France Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.5. Spain
9.5.1. Spain Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
9.5.2. Spain Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.5.3. Spain Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016-2027
9.6.2. Rest of Europe Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.6.3. Rest of Europe Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Medical Flexible Packaging Market By Country
10.1. Asia Pacific Medical Flexible Packaging Market Overview
10.2. China
10.2.1. China Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
10.2.2. China Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.2.3. China Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.3. Japan
10.3.1. Japan Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
10.3.2. Japan Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.3.3. Japan Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.4. India
10.4.1. India Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
10.4.2. India Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.4.3. India Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.5. Australia
10.5.1. Australia Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
10.5.2. Australia Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.5.3. Australia Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
10.6.2. South Korea Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.6.3. South Korea Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
10.7.2. Rest of Asia-Pacific Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.7.3. Rest of Asia-Pacific Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Medical Flexible Packaging Market By Country
11.1. Latin America Medical Flexible Packaging Market Overview
11.2. Brazil
11.2.1. Brazil Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
11.2.2. Brazil Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.2.3. Brazil Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
11.3.2. Mexico Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.3.3. Mexico Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
11.4.2. Rest of Latin America Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 – 2027
11.4.3. Rest of Latin America Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Medical Flexible Packaging Market By Country
12.1. Middle East & Africa Medical Flexible Packaging Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
12.2.2. Saudi Arabia Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.2.3. Saudi Arabia Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.3. UAE
12.3.1. UAE Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
12.3.2. UAE Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.3.3. UAE Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Material, 2016 - 2027
12.4.2. Rest of Middle East & Africa Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.4.3. Rest of Middle East & Africa Medical Flexible Packaging Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Medical Flexible Packaging
13.1. Medical Flexible Packaging Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Medical Flexible Packaging Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Bemis Company, Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Bemis Company, Inc. 2019 Medical Flexible Packaging Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Dätwyler Holding, Inc.
14.3. Becton, Dickinson & Company
14.4. Berry Global, Inc.
14.5. Catalent, Inc.
14.6. Coveris
14.7. Winpak Ltd.
14.8. Sealed Air Corporation
14.9. Others
