The global medical packaging market is dominated by large players such as Avery Dennison Corporation (U.S.), 3M Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), CCL Industries, Inc. (Canada), Amcor Limited (Australia), Constantia Flexibles Group GmbH (Austria), Bemis Company (U.S.), Sonoco Products Company (U.S.), and WestRock Company (U.S.).
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The medical packaging market has been growing as a result of changes in lifestyle, increase in disposal income, and advancements in medical technology. The cost-effectiveness of medical packaging and emphasis on modern technologies in the packaging industry has prompted a rise in demand for medical packaging.
The medical packaging market is projected grow from USD 35.31 billion in 2016 to USD 50.55 billion by 2022, at a compound annual growth rate (CAGR) of 6.29% from 2017.
Medical Packaging Market, By Material
2 Medical Packaging Market, By Material
5 Polyethylene Terephthalate (PET)
7 Paper & Paperboard
8 Non-Woven Fabric
Medical Packaging Market, By Application
2 Medical Packaging Market, By Application
3 Medical Tools & Equipment
4 Medical Devices
5 In-Vitro Diagnostic Products
The medical packaging market research methodology used to forecast the market size focused on bottom-up approach. Total market size of medical packaging was calculated based on share of various packaging types & materials derived.
Providing weightage for share and calculation was done on basis of extensive primary interviews & secondary research from a variety of sources like Association for Packaging and Processing Technologies, Packaging Industry Association of India (PIAI), and European Carton Makers Associations.
Medical packaging market is segmented on basis of material, packaging type, application, packing type, and region. In terms of application, medical equipment & tools segment accounted for largest share.
Medical equipment is widely used in hospitals in various applications; it thus accounts for largest market share. On basis of packaging type, bags & pouches segment accounted for largest share.
2 Dynamic Differentiators
4 Visionary Leaders
5 Emerging Companies
6 Competitive Leadership Mapping - 2016
7 Strength of Product Offerings
8 Business Strategy Exellence
9 Market Share Analysis, 2016
Key objective of global medical packaging report to provide companies with a summary of latest trends and lucrative business expansion opportunities for medical packaging manufacturers, suppliers, and distributors. Report also demonstrates key business strategies and principles adopted by key players around world.
North America is a developed market due to the high standard of living of consumers, excellent healthcare facilities, and strict protocol for medical packaging. The U.S. accounted for the largest country-level market for medical packaging, globally.
The reason for growth is high technological development, high disposable income, excellent medical & healthcare infrastructure, and strict FDA regulations.