$7.1Bn Medical Packaging Films Market by Material, Type, Application and Region - Global Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Medical Packaging Films Market by Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide), Type (Thermoformable Film, High Barrier Film), Application (Bag, Tube, Others), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The medical packaging market is projected to grow from USD 5.6 billion in 2018 to USD 7.1 billion by 2023, at a CAGR of 4.87% during the forecast period.

The growing demand for medical packaging films and increasing demand for bi-axially oriented films in the healthcare industry are factors that are driving the growth of the medical packaging films market across the globe. However, various environmental regulations across regions for packaging products is projected to inhibit the growth of the market.

The thermoformable film segment in the medical packaging films market is projected to grow at the highest CAGR during the forecast period, in terms of volume. This segment is projected to witness significant growth due to the high strength and durability offered by thermoformable films. Leading players provide thermoforming film packages for medical drugs and equippers to offer unique packaging solutions to the industry.

The polyethylene segment is projected to lead the medical packaging films market from 2018 to 2023, in terms of both, value and volume. Due to its low cost, low friction, and chemical resistance properties, LDPE remains a preferred alternative to PVC.

The medical packaging films market comprises major manufacturers such as Amcor (Australia), Berry Global Group (US), DuPont (US), Weigao Group (China), PolyCine (Germany), Covestro AG (Germany), Glenroy (US) and 3M Company (US), Wipak Group, and Renolit SE (Germany).

Market Dynamics

Drivers

  • Increase in Incidences of Chronic Conditions and Expenditure of Healthcare Facilities
  • Increase in Demand for Bioplastic Material
  • Rise in Demand for Bi-Axially Oriented Films

Restraints

  • Fluctuations in the Prices of Raw Materials

Opportunities

  • Growth in Demand for Sustainable Packaging Solutions
  • Emerging Markets Represent Business Expansion Opportunities

Challenges

  • Stringent Rules & Regulations

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Medical Packaging Films Market, By Material

7 Medical Packaging Films Market, By Type

8 Medical Packaging Films Market, By Application

9 Medical Packaging Films Market, By Region

10 Competitive Landscape

11 Company Profiles

  • 3M
  • Amcor
  • Berry Global Group
  • Coveris Holdings
  • Covestro
  • Dunmore Corporation
  • DuPont
  • Glenroy
  • Klckner Pentaplast
  • Polycine
  • Renolit
  • Tekra Corporation
  • Toray Industries
  • Weigao Group
  • Wipak Group

For more information about this report visit https://www.researchandmarkets.com/research/mf6vzq/7_1bn_medical?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Pharmaceutical Packaging, Medical Plastics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Pharmaceutical Packaging, Medical Plastics