The global Medical Packaging Films Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.32% during the review period (2022 to 2027)
The materials used for the pharmaceutical packaging procedure are known as films for medical packaging. The pharmaceutical packaging is mainly used to secure and conceal the items to be used by the customer. Such packaging serves as a barrier of protection against outside factors and environmental conditions before the customer reaches the point where the product is prepared for use. Medical packaging films have extensive applications in the production of myriad packaging types such as bags, pouches, wraps, sachets, labels and blister packs. Medical packaging films need to be approved for use with a specific medical device by the Food & Drug Administration. However, usually, the FDA regulates medical devices but leaves the choice of acceptable medical packaging films largely up to the device makers. The FDA doesn’t approve medical packaging films as independent products. Medical packaging films are validated for medical use by the device maker. The validation specifies and essentially freezes every aspect of production, including exact resin grades and additives, extrusion parameters, and even which specific extruder in a plant makes the medical packaging films. This relatively inflexible system means that a medical packaging films processor must be assured of a stable, long-term supply of approved resins. If a resin company stops producing one of those materials, medical packaging films have to be requalified with new resin. Surging volume of patients suffering from chronic disorders along with increasing expenditure of healthcare facilities, increasing demand of bi-axially oriented films, increasing adoption of medical bags for low-cost packaging in the medical and pharmaceutical industries, rising preferences towards eco-friendly, biodegradable, cost-efficient, and flexible packaging films, growing need for implantable devices coupled with the rapid growth of the healthcare sector are some of the major as well as vital factors which will likely to augment the growth of the medical packaging films market in the projected timeframe of 2022-2027.
Jun 2019 - Tekni-Plex ended up with the acquisition of three manufacturing facilities from Amcor's Flexible Packaging business unit. These three facilities located in Madison, Wisconsin, and Ashland in the United States, provide a wider portfolio of sterilizable medical device packaging substrates, which includes coated and uncoated Tyvek, heat-seal and cold-seal coated paper and films with medical-grade laminates.
Sep 2019 - At Pack Expo Las Vegas, Tekni-Films introduced TekniMD PX films, which is a series of proprietary high-performance, thermoformable copolyester films that provide an alternative to PETG for medical device packaging. These standard PX film is suitable for form, fill and seal applications, while PX MED has superior characteristics and is used as a substitute for silicone-coated PETG.
By Type, it is segmented into
By Applications it is segmented into
Asia-Pacific is apprehended to be the fastest rising market. With the rapid penetration of major companies operating in the pharmaceutical industry, rapid urbanization, improved health care services, rapid adoption of contract packaging in the pharmaceutical industry and the stringent regulations in opposition to counterfeit medicines are predicted to fuel the progress of this market in Asia-Pacific. The improved frequency of kidney disease in Asia has given rise to the requirement for a host of therapies, including sophisticated devices to enhance treatment. The occurrence of kidney disease in Asia is growing even more due to increasing rates of diabetes and hypertension.
The Medical Packaging Films 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 Medical Packaging Films Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Forecast Period 2022 to 2027 CAGR
CAGR of 5.32% during the review period (2022 to 2027).
Amcor, Berry Global, DuPont, Weigao Group, PolyCine, Covestro, Glenroy, 3M, Wipak
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of this market?
The Medical Packaging Films Market is studied from 2017 - 2027.
What is the growth rate of Medical Packaging Films Market?
The Medical Packaging Films Market is growing at a CAGR of 5.32% over the next 5 years.
What regions does this Medical Packaging Films Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
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.
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.
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.
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REPORT WRITING/ PRESENTATION
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