Global Medical Packaging Market Size, Share & Trends Analysis Report by Material Type (Polymer, Paper & Paperboard, and Non-woven fabric), By Packaging Type (Bags & Pouches, Trays, Boxes, and Others), By Application (Medical Tools & Equipment, Medical Devices, Diagnostic Products, and Implants) By Device Class (Class I, Class II, Class III) Forecast Period 2020-2026.
The global medical packaging market is anticipated to grow at a CAGR of 6.1% during the forecast period. Growth in the medical device market, increasing overseas trade of medical devices are some of the major factors for the growth of the market. Moreover, the medical packaging market is growing considerably owing to the increasing innovation and adoption of new technologies by the market players. For instance, in October 2019, Amcor Plc invested around11.4 million in its 11-layer cast extrusion line, along with integrated slitting and packing machinery that is capable of processing a range of different polymer types. This will let the company deliver even more robust packaging solutions to their medical device customers.
The global medical packaging market is segmented based on material type, packaging type, application, and device class. Based on the material type, the market is sub-segmented into the polymer, paper & paperboard, and non-woven fabric. Based on the packaging type, the market is sub-segmented into bags & pouches, trays, boxes, and others. Further, based on the application, the market is sub-segmented into medical tools & equipment, medical devices, diagnostic products, and implants. By device class, the market is sub-segmented into Class I, Class II, and Class III. Further, the market is segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share during the forecast period whereas a significant growth will be witnessed in Asia-Pacific.
The key players of the global medical packaging market include Berry Global Inc., Constantia Flexibles Group GmbH, Oliver-Tolas Healthcare Packaging B.V., Sonoco Products Co., WestRock group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations with government, and funding to stay competitive in the market.
Research Methodology
The market study of the global medical packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors.
Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
The report is intended for Food & beverage product suppliers and manufacturers, Foodservice providers, Food safety agencies, Intermediary suppliers, distributors of food & beverage products, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
1. Global Medical Packaging Market Research and Analysis by Material Type
2. Global Medical Packaging Market Research and Analysis by Packaging Type
3. Global Medical Packaging Market Research and Analysis by Application
4. Global Medical Packaging Market Research and Analysis by Device Class
The Report Covers
The global medical packaging market is anticipated to grow at a CAGR of 6.1% during the forecast period. Growth in the medical device market, increasing overseas trade of medical devices are some of the major factors for the growth of the market. Moreover, the medical packaging market is growing considerably owing to the increasing innovation and adoption of new technologies by the market players. For instance, in October 2019, Amcor Plc invested around11.4 million in its 11-layer cast extrusion line, along with integrated slitting and packing machinery that is capable of processing a range of different polymer types. This will let the company deliver even more robust packaging solutions to their medical device customers.
The global medical packaging market is segmented based on material type, packaging type, application, and device class. Based on the material type, the market is sub-segmented into the polymer, paper & paperboard, and non-woven fabric. Based on the packaging type, the market is sub-segmented into bags & pouches, trays, boxes, and others. Further, based on the application, the market is sub-segmented into medical tools & equipment, medical devices, diagnostic products, and implants. By device class, the market is sub-segmented into Class I, Class II, and Class III. Further, the market is segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share during the forecast period whereas a significant growth will be witnessed in Asia-Pacific.
The key players of the global medical packaging market include Berry Global Inc., Constantia Flexibles Group GmbH, Oliver-Tolas Healthcare Packaging B.V., Sonoco Products Co., WestRock group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations with government, and funding to stay competitive in the market.
Research Methodology
The market study of the global medical packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors.
Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for Food & beverage product suppliers and manufacturers, Foodservice providers, Food safety agencies, Intermediary suppliers, distributors of food & beverage products, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
1. Global Medical Packaging Market Research and Analysis by Material Type
2. Global Medical Packaging Market Research and Analysis by Packaging Type
3. Global Medical Packaging Market Research and Analysis by Application
4. Global Medical Packaging Market Research and Analysis by Device Class
The Report Covers
- Comprehensive research methodology of the global medical packaging market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global medical packaging market.
- Insights about market determinants which are stimulating the global medical packaging market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amcor Plc
- AptarGroup, Inc.
- Avery Dennison Corp.
- Ayka Medical Inc.
- Berry Global Inc.
- CCL Industries Corp.
- Constantia Flexibles Group GmbH
- DuPont de Nemours, Inc.
- Gerresheimer AG
- Hamer Packaging Technology, S.L.
- J-Pac, LLC
- KP Holding GmbH & Co.
- Oliver-Tolas Healthcare Packaging B.V.
- Placon Corp.
- Smiths Medical OEM
- Sonoco Products Co.
- Technipaq Inc.
- Tekni-Plex, Inc.
- Thomas Packaging LLC
- TOPPAN PRINTING CO., LTD.
- WestRock Co.
- Wihuri Packaging Oy (Wipak)
