Introduction

The medical packaging market has been growing as a result of increase in disposal income, changes in lifestyle, and advancements in medical technology. The cost effectiveness measures of medical packaging and importance on modern technologies in the packaging industry have impelled the demand for medical packaging. Variations in the prices of raw material have resulted in a limitation on the profitability of the medical packaging industry. Environmental issues and variations in resin and oil prices have added to the cost appraisal on raw material suppliers of medical packaging. The use of medical device packaging on a large scale by medical device diagnostic centers, manufacturers, and hospitals and clinics has led growth of the global medical packaging market. The progression from the traditional to the current technological setup in the manufacturing of healthcare products coined the healthcare industry to a phase where it is now furnished with advanced technology, high-tech equipment and huge investment. These enormous growths in the healthcare and medical industry are expected to expand the production of medical instruments, appliances, and supplies, which will further contribute to the growth of medical packaging market as well.

Market Dynamics

With the increase in population, growing medical awareness, rising demand for improved medical facilities, complimentary trends in the e-commerce medical industry are projected to drive the market. Variations in the amount of raw material have resulted in an uncomplimentary impact on the profit of the medical packaging industry. High technological development, recyclability, cost-effectiveness, advance medical & healthcare infrastructure are some of the reasons expected to boost the growth of medical packaging market.

Market Classification

The market can be segmented on the basis of material, application, packaging type, packing type, and geography. By material, medical packaging market can be segmented into non-woven fabric, polymer, non-woven fabric and paper and paperboard. By application, medical packaging market can be segmented into medical equipment & tools, implants, medical devices, IVDs. By packaging type, medical packaging market can be segmented into bags & pouches, boxes, trays, and others. By packing type, medical packaging market can be segmented into primary, secondary, tertiary. On the basis of geography, the Medical Packaging market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. North America is also accounted for the largest market share for medical packaging, globally. The reason for growth is elevated disposable income, high technological development, exceptional healthcare infrastructure, and firm FDA regulations.

Report Coverage

Market	Medical Packaging Market
Analysis Period	2015 – 2026
Historic Data	2015 – 2016
Base Year	2017
Forecast Data	2018 – 2026
Market Stratification	Material, Application, Packaging Type, Packing Type, Geography
Regional Scope	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage	Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Some of the major players involved in the supply of the medical packaging market include Avery Dennison Corporation, 3M Company, E. I. du Pont de Nemours and Company, CCL Industries Inc., Amcor Limited, Constantia Flexibles Group GmbH, Bemis Company, Sonoco Products Company, and WestRock Company among others.

Market Segmentation

Market By Material

• Polymer
• Non-woven Fabric
• Paper & Paperboard
• Non-woven Fabric

Market By Application

• Medical Equipment & Tools
• Implants
• Medical Devices
• IVDs

Market By Packaging Type

• Bags & Pouches
• Boxes
• Trays
• Others

Market By Packing Type:

• Primary
• Secondary
• Tertiary

Market By Geography

• North America

• U.S.
• Canada
• Mexico

• Europe

• UK
• France

• Germany
• Rest of Europe

• Asia-Pacific

• China
• Japan

• India
• Australia
• Rest of Asia-Pacific

• Latin America

• Brazil
• Chile
• Rest of LATAM

• Middle East and Africa (MEA)

• South Africa
• Saudi Arabia
• Rest of MEA

 

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