Medical Device Packaging Market Growing In Medical Manufacturing Industry By 2018 With Bemis Company, Inc., Berry Global, Inc., Barger, DuPont, Constantia, 3M, Klöckner Pentaplast, Technipaq, Inc. and More

Forecasting Global Medical Device Packaging Market Analysis By Drug Delivery Device Packaging (Injectable, Topical, Nasal, Transdermal), Container Type (Pouches, Bags, Blister Packaging, Clamshells, Boxes), Raw Material (Plastics, Paper, Glass), End User (Medical Manufacturing, Contract Packaging, Retail Packaging), Distribution Channel With Geography.
The new Medical Device Packaging Market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Global market is expected to reach USD 37,719.7 million by 2024 from USD 23,400.0 million in 2016, growing at a CAGR of 6.2% in the forecast period 2017 to 2024.

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Key Points: Global Medical Device Packaging Market
Amcor Limited is going to dominate the medical device packaging market following with
• Bemis Company Inc.,
• Berry Global Inc.,
• Barger,
• DuPont,
• CONSTANTIA,
• 3M,

Others: Texchem Polymer Engineering Division, Klöckner Pentaplast, CONSTANTIA, Technipaq Inc., Plastic Ingenuity, and Beacon Converters, Inc., among others.

• Injectable drug delivery device packaging market is growing with the highest CAGR.

• Plastic is holding the major share in global medical device packaging market and is growing with highest CAGR.

• Medical manufacturing is dominating the medical device packaging market whereas contract packaging is expected to grow with the highest CAGR in the forecast period.

Key Drivers: Global Medical Device Packaging Market

Some of the major factors driving the market for medical device packaging market are growing medical device market, increase in demand of flexible packaging, and increasing demand of innovative packaging materials.

• Stringent government regulations may hinder the growth of this market.

• Many companies are increasingly focusing on developing innovative packaging materials in order to strengthen their product portfolios in the medical device packaging market.

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Market Segmentation: Global Medical Device Packaging Market

The global medical device packaging market is segmented on the basis of drug delivery device packaging, container type, raw material, end user, distribution channel and geography. In 2017, the injectable packaging segment is expected to dominate the market with a share of ~31.0% and is expected to continue this trend till 2024.

On the basis of container type, the global medical device packaging market is segmented into Pouches, bags, blister packaging, clamshells, boxes and others.

By raw material, the market is segmented into plastics, paper & paper board, glass and others. Plastic is further sub-segmented into polyethylene, polypropylene and others. Polyethylene is sub-segmented into high-density polyethylene and low-density polyethylene.

On the basis of end users, the market is classified into medical manufacturing, contract packaging, retail packaging and others. In 2017, the medical manufacturing segment is expected to dominate the market and contract packaging is expected to grow with the highest CAGR in the forecast period.

On the basis of distribution channel, the market is classified into direct tenders and retail. In 2017, the direct tenders segment is expected to dominate the market and is expected to continue this trend till 2024.

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