Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Flexible Packaging for Healthcare Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.11% during the review period (2022 to 2027).
Packaging companies are shifting their non-essential packaging capacities to essential packaging for conference unprecedented request in healthcare and food sectors during the COVID-19 (coronavirus) pandemic. Companies in the flexible packaging for healthcare market are capitalizing on business opportunities since healthcare, individual care products, and nourishment fall into the bracket of vital services. However, packaging companies are bearing the brunt of declining demand in non-essential industries. Moreover, lockdown and restricted drive in major countries such as France, the U.S., India, and Russia are likely to inhibit growth of the flexible packaging for healthcare market.
HDPE containers, medicinal pumps, and bottles are in high request during the ongoing COVID-19 crisis. However, global trade has been affected due to heavy taxation. Hence, companies are relying on local production to main steady supply chains. This increases product uptake and boosts overall market growth. Manufacturers are cumulative their manufacture competences to develop products using eco-friendly and lightweight materials. New stains in flexible packaging films allow fast squalor of packaging waste in landfills.
The Global Flexible Packaging for Healthcare Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include Amcor PLC, Sealed Air Corporation, Sonoco Products Company, Becton, Dickinson & Company, Winpak Ltd., Constantia Flexibles Group GmbH, Berry Global Group, Inc., DS Smith Plc, CCL Industries Inc., Coveris Holdings S.A, WestRock Company, Huhtamaki Oyj., Mondi Plc
Becton, Dickinson and Company Launches Fully Automated, High-Throughput Infectious Disease Molecular Diagnostic Platform in the U.S
05/12/2022: Becton, Dickinson and Company announced the U.S. launch of its new, fully automated, high-throughput infectious disease molecular diagnostics platform. With 510(k) clearance from the U.S. Food and Drug Administration (FDA), the new BD COR™ MX instrument is a new analytic instrument option for the BD COR™ System.
Berry Global Announces Agreement with Borealis for the Supply of Circular Polyolefins
Apr. 28, 2021: Berry Global Group, Inc. (NYSE: BERY), announced its continued leading investments in access to circular polyolefins from advanced recycling to support customer sustainability goals. These polyolefins are obtained by advanced recycling, enabled by the adoption of new chemical recycling technologies, of post-consumer plastic waste not suitable for traditional recycling
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
China and India, is one of the major factors, which is expected to raise the demand for recyclable packaging in the region during the forecast period. North America region is expected to register higher growth rate owing to the increasing R&D investments for product innovation and development of packaging materials. Moreover, stringent administration rules against recycling of packing materials in US and Canada has propelled the demand for smart packaging in the food & drink industry.
The Global Flexible Packaging for Healthcare Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Flexible Packaging for Healthcare Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 4.11% during the review period (2022 to 2027). |
By Types |
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By Application |
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By Companies | Amcor PLC, Sealed Air Corporation, Sonoco Products Company, Becton, Dickinson & Company |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 166 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Global Flexible Packaging for Healthcare Market is studied from 2022-2027.
Who are the prime players in the Global Flexible Packaging for Healthcare Market?
Amcor PLC, Sealed Air Corporation, Sonoco Products Company, Becton, Dickinson & Company
Which region held the largest share in the Global Flexible Packaging for Healthcare Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Flexible Packaging for Healthcare Market?
Pouches, Bags & Sacks, Tubes, Liners, Sachets & Stick Packs, Labels, Tapes, Films & Wrape
What are the major Application of Global Flexible Packaging for Healthcare Market?
Pharma & Biological, Medical Supplies, Medical Devices
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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