Medical Packaging Market to see a Growth of 8.46 Billion USD by 2026 a Report by top competitors like Amcor Limited, Berry Global Inc., DuPont, RENOLIT, Weigao group, Polycine GmbH, Covestro AG, Glenroy Inc., 3M, Wipak, TORAY INDUSTRIES INC

Medical packaging films can be defined as the materials used for the process of pharmaceutical packaging. Pharmaceutical packaging is used for the protection and covering of the products to be used by the consumers. It acts as a layer of protection from the external factors and environmental conditions till the product reaches the consumer for use from the point of packaging of these products.
Global medical packaging films market is expected to rise from its initial estimated value of USD 5.75 billion in 2018 to an estimated value of USD 8.46 billion by 2026, registering a CAGR of 4.95% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing healthcare expenditure amid rising cases of chronic diseases and various disorders.

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Major Market Competitors:
• Amcor Limited
• Berry Global Inc.
• DuPont
• RENOLIT
• Weigao group
• Polycine GmbH
• Covestro AG
• Glenroy Inc.
• 3M
• Wipak
• TORAY INDUSTRIES INC.
• Klöckner Pentaplast
• DUNMORE
• TEKRA
• COVERIS
• Winpak Ltd.
• Bemis Company Inc.
• Honeywell International Inc.

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Competitive Analysis:
Global medical packaging films market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical packaging films market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:
•Increasing healthcare expenditure amid rising cases of chronic disorders and diseases is expected to drive the market growth
•Rising demand for better quality and enhanced products for medical packaging films is also expected to drive the market growth
Market Restraints:
•Vulnerability and instability in the prices of raw materials required for the production is expected to restrain the market growth
•Stringent regulations and denial of packaging as an independent product by the authorities restrains the market growth as it requires pertaining to the specific needs of the manufacturers of healthcare market
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Market Segmentation:
•By Material
oPlastics
Polyethylene (PE)
Polypropylene (PP)
Polystyrene (PS)
Polyamide (PA)
Polyvinyl Chloride (PVC)

o Aluminum

o Oxides

•By Product
oHigh Barrier Films
Metallized Films
Coated Films

oCo-Extruded Films

oFormable Films
Thermo-Formable Films
Cold-Formable Films

•By Application

oBlister Packs

oBags & Pouches

Blood Bags
Parenteral Nutrition Bags
Drainage Bags
Biomedical Bags
Others

oLidding

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