Press release
Medical Flexible Packaging Market Is Forecast To Surpass USD 40.9 Billion By 2032
The extensive use of flexible packaging solutions in the pharmaceutical and medical sectors is driving the market growth. Owing to the low weight, product variety, less requirement of the raw material coupled with easy disposal is expected to support market demand by 1.4X in forecast years of 2022-2032.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: -
https://www.factmr.com/connectus/sample?flag=S&rep_id=247
The medical flexible packaging market is an essential segment of the broader packaging industry, specifically tailored to meet the unique needs of the healthcare and medical sectors. It encompasses a wide range of materials, including flexible films, foils, pouches, and bags, designed to protect and preserve medical devices, pharmaceuticals, and other healthcare products. The market addresses critical requirements such as product sterility, barrier protection, tamper-evidence, and user-friendliness. Medical flexible packaging ensures the safe delivery of these products to healthcare professionals and patients.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐: -
Amcor Limited
Bemis Company Inc.
Sealed Air Corporation
Huhtamaki Oyj
Mondi Group Plc
Constantia Flexibles Group GmbH
Becton Dickinson & Company
Catalent Inc.
Coveris Holdings S.A.
Sonoco Products Company
Berry Group Inc.
Reynolds Group Holdings
Aptar GroupInc.
Datwyler Holdings
Other Market Players
๐๐ฒ๐ ๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐:
Regulatory Compliance: Stricter regulations and standards in the healthcare sector, such as Good Manufacturing Practices (GMP) and ISO certifications, drive the demand for medical flexible packaging that adheres to these requirements. Compliance with regulations is paramount for manufacturers and suppliers in this market.
Aging Population: The aging global population has led to increased healthcare needs, including the use of medical devices and pharmaceuticals. This demographic shift has driven the demand for medical flexible packaging to accommodate these products.
Innovation in Materials: Ongoing research and development efforts focus on creating advanced materials that offer better barrier properties, sustainability, and cost-effectiveness while maintaining the required sterility levels.
Pharmaceutical Growth: The pharmaceutical industry continues to grow, with a rising demand for drug delivery systems and packaging solutions. Flexible packaging offers convenience and protection for both manufacturers and end-users.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ: ๐ง๐ผ๐ฝ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ถ๐ป ๐ ๐ฒ๐ฑ๐ถ๐ฐ๐ฎ๐น ๐๐น๐ฒ๐ ๐ถ๐ฏ๐น๐ฒ ๐ฃ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The global medical flexible packaging market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced medical flexible packaging.
Fact.MR has provided detailed information about price points of top manufacturers of medical flexible packaging market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
Berry Global Group Inc. declared union with Mondelez International in 2020 to provide cream cheese packaging made out of recycled plastic. This is expected to establish a new trend of recycled packaging and provide gain to the market.
Catalent Inc. signed an agreement with Acorda Therapeutics Inc. in 2021, wherein Catalent will acquire Acorda's facility in Chelsea. This acquisition will act as a global centre of excellence and provide significant commercial-scale capacity for new customer programs.
๐๐น๐ผ๐ฏ๐ฎ๐น ๐ ๐ฒ๐ฑ๐ถ๐ฐ๐ฎ๐น ๐๐น๐ฒ๐ ๐ถ๐ฏ๐น๐ฒ ๐ฃ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐
๐๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ง๐๐ฝ๐ฒ
Seals
High Barrier Films
Wraps
Pouches & Bags
Lids & Labels
Others
๐๐ ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น ๐ง๐๐ฝ๐ฒ
Polyvinyl Chloride
Polypropylene
Polyethylene Terephthalate
Polyethylene
Paper
Aluminium
Others
๐๐ ๐๐ป๐ฑ-๐จ๐๐ฒ๐ฟ
Pharmaceutical Manufacturing
Medical Device Manufacturing
Implant Manufacturing
Contract Packaging
Others
๐๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ก๐ฒ๐๐
Sterilization Packaging: The market witnessed advancements in sterilization packaging methods and materials to ensure the sterility of medical devices and instruments. Technologies like ethylene oxide sterilization and gamma irradiation packaging have evolved to meet higher standards.
Sustainability Initiatives: As in the broader packaging industry, sustainability has gained importance in medical flexible packaging. Manufacturers have been focusing on developing eco-friendly and recyclable materials to reduce the environmental impact of healthcare packaging.
Advanced Barrier Films: The development of advanced barrier films has been a significant trend. These films provide superior protection against moisture, oxygen, and UV radiation, ensuring the integrity of pharmaceuticals and medical devices.
Child-Resistant Packaging: Child-resistant packaging solutions for pharmaceuticals and medical products have been in demand to enhance safety and prevent accidental ingestion by children. Regulations and consumer awareness have driven this development.
Convenience Features: Medical flexible packaging has evolved to include features that enhance user-friendliness, such as easy-open seals and resealable closures, making it more convenient for both healthcare providers and patients.
Single-Use Devices: The use of single-use medical devices has surged, particularly in response to the COVID-19 pandemic. This trend has led to the development of specialized packaging for disposable devices.
๐๐๐๐๐ผ๐บ๐ถ๐๐ฒ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฟ ๐๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐๐ผ๐น๐๐๐ถ๐ผ๐ป:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=247
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