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Medical Flexible Packaging Market to Witness Growth Acceleration by 2031

08-12-2024 04:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Medical Flexible Packaging Market

Medical Flexible Packaging Market

The global medical flexible packaging market is anticipated to grow significantly at a CAGR of 6.0% over the forecast period (2024-2031). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. For an instance, in January 2021, Catalent, Inc., announced that it has signed an agreement with Acorda Therapeutics, Inc. Under the terms of the agreement, Catalent will acquire Acorda Therapeutics' 90,000 square-foot, FDA-inspected CGMP facility in Chelsea, Massachusetts, US.

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In addition, the site operates best-in-class spray drying capacity, including GEA NIRO PSD-1, PSD-4, and PSD-7 spray drying units, with the latter unit being the largest equipment of its kind in North America. The site will provide Catalent with significant commercial-scale capacity for new customer programs. The facility will act as a global center of excellence within the Catalent network for spray-dried dispersion and dry powder encapsulation and packaging.

Apart from this, the bioplastics segment is expected to be the fastest-growing segment during the forecast period. Within the hospital setting, plastics can be used in consumables such as syringes and tubing, medical-grade gloves, and even trays and cups used by patients. Each product represents an opportunity to reduce the amount of non-degradable waste produced by the hospital. Thus, there is an increased demand for bioplastics to reduce the non-degradable waste produced by using plastics.

Full report of Medical Flexible Packaging Market available @ https://www.omrglobal.com/industry-reports/medical-flexible-packaging-market

Market Coverage

Segment Covered- by Material, by Packaging, and by End-user.
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Amcor PLC, Catalent Pharma Solutions, and Becton Dickinson and Company, among others.
Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Medical Flexible Packaging Market - Segmentation

By Material

Plastics
o Polyvinyl Chloride

o Polypropylene

o Polyethylene Terephthalate

o Polyethylene

o Others

Paper
Aluminum
Bioplastics
By Packaging

Seals
High Barrier Films
Wraps
Pouches & Bags
Others (Lids & Labels)
By End-User

Pharmaceutical Manufacturing
Medical Device Manufacturing
Implant Manufacturing
Others


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/medical-flexible-packaging-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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