Press release
Global medical packaging films market is expected to rise from its initial estimated value of USD 5.75 billion to USD 8.46 billion by 2026
Market Definition: Global Medical Packaging Films Market
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.
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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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Key Market Competitors:
Few of the major competitors currently working in the medical packaging films market are
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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