Medical Flexible Packaging Market Is Expected To Witness An Exponential Growth Over Forecast Year 2019-2025

The demand for medical flexible packaging is foreseen to increase on the back of its high adoption due to a number of advantages such as product protection, easy shipping, and low wastage. The rise of the medical device and pharmaceutical industries is expected to further push the demand for medical flexible packaging. Vendors are anticipated to consider acquisition as a strategy for expanding their product portfolios. In April 2019, Tekni-Plex, a US provider of medical tubing and packaging for medical devices, signed the acquisition of three flexible packaging manufacturing facilities of Amcor, an Australia-based global packaging company.

Four Key Takeaways from the Research Study

● Growth of the global medical flexible packaging market is forecast to increase with the rising need to prevent damage of medical products and avoid wastage in medical device and pharmaceutical manufacturing

● Adoption of plastic materials to manufacture medical flexible packaging products is prophesied to increase during the forecast period

● Asia Pacific could take over North America with a higher consumption value

● The competitive landscape could be filled with a large number of companies operating in the global medical flexible packaging market

Players to Leverage Regional Presence to Increase Market Growth

The global medical flexible packaging market is foretold to witness the presence of a significant number of players with strong regional influence. The report covers major players such as Amcor Limited, Mondi Group Plc, Bemis Company, Inc., Huhtamaki Oyj, and Sealed Air Corporation. It also sheds light on emerging companies including Constantia Flexibles Group GmbH, Dätwyler Holdings, Becton Dickinson and Company, AptarGroup, Inc., Catalent, Inc., Reynolds Group Holdings, Coveris Holdings S.A., Sonoco Products Company, and Berry Group, Inc.

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Medical Flexible Packaging Helps to Maintain Hygiene of Medical Devices

The need to maintain the hygiene value of medical devices is predicted to increase the requirement of medical flexible packaging. Medical device and pharmaceutical manufacturers use medical flexible packaging to reduce the weight of products and avoid their damage. Furthermore, medical flexible packaging is used as a means of attracting consumers, effectively managing the supply chain, and increasing the efficiency of the transportation of products in the medical device and pharmaceutical industries.

America’s Bemis Company is one of the leading players of the global medical flexible packaging market. It mainly offers rigid and flexible plastic packaging solutions for medical, pharmaceutical, and also other industries. According to its press release in May 2019, the company’s shareholders gave the green signal for its combination with Amcor. For Q1 2019, the company reported strong earnings results.

Market Segmentations

By Material Type

● Polyvinyl Chloride

● Polypropylene

● Polyethylene Terephthalate

● Polyethylene

● Paper

● Aluminum

● Others

By Product

● Seals

● Wraps

● Lids and Labels

● Others

According to researchers, plastic materials such as polyethylene, polyethylene terephthalate, polypropylene, and polyvinyl chloride are projected to rank higher in the global medical flexible packaging market in terms of market share and consumption. Contrastingly, aluminum is expected to show slow market growth in the coming years.

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