CHICAGO, Jan. 17, 2023 /PRNewswire/ -- According to Arizton's latest research report, the medical packaging films market will grow at a CAGR of 6.18% during 2021-2027. The global medical packaging film market prospect is anticipated to remain positive in the upcoming years. APAC accounted for the largest share, attributed to the rising aging population and increasing demand for medical and pharmaceutical products. China accounts for over 60% of the consumption of global medical packaging films alone. Hence, manufacturers of medical packaging films are expected to expand their business in the region. Also, APAC is the leading market with the highest pharmaceutical R&D expenditure between 2000 and 2019. The highest share is attributable to robust product innovations and the increasing consumer demand for sophisticated packaging.
Technological innovations, including child-resistant films, senior-friendly films, high-barrier films such as Alu-Alu packs or aluminum cold-forming blister foils, thermoforming films, specialty films, unit-dose packaging films, and eco-friendly or bioplastic films, are trending in the medical packaging films market. ACG and adapa Group (formerly Schur Flexibles) companies provide a wide range of thermoforming films that provide the highest barrier against oxygen and moisture. Specialty Polyfilms offer Maskit Thermoformable Protective Film that can withstand high temperatures up to 374°Fand is also easy to peel off, resealable, 100% recyclable, and eco-friendly. Anti-counterfeiting features in films also protect and keep track of products.
Medical Packaging Films Market Report Scope
Report Attributes | Details |
Market Size (2027) | USD 8.90 Billion |
Market Size (2021) | USD 6.21 Billion |
CAGR (2021-2027) | 6.18 % |
Base Year | 2021 |
Forecast Year | 2022-2027 |
Market Segmentation | Material, Type, Application, End-User, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
Leading Countries | China, India, Japan, South Korea, Australia, Germany, Italy, Spain, France, the UK, the US, Canada, Brazil, Mexico, Argentina, Turkey, South Africa, and South Arabia |
Key Players | Berry Global, Amcor, AptarGroup, Sealed Air, 3M, ACG, adapa Group, Avient, AVI Global Plast, CCL Industries, CellBios Healthcare & Lifesciences, Covestro, Coveris, DuPont, Glenroy, Honeywell International, Liveo Research, Meghmani Group, Neelam Global, Novolex, Profol, POLYCINE, Printpack, RENOLIT, Speciality Polyfilms, Super Olefins, Tekniplex, West Pharmaceutical Services, Wihuri Group |
Page Number | 314 |
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Holographic Effects on the Future of Medical Packaging Films Market
Hologram printing is a security technique on iridescent surfaces to protect against duplication. They have been protecting many products from fraud, forgery, and counterfeiting for a long time. These stickers are printed using microprinting technologies, making them nearly impossible to replicate. Holograms also provide physical protection with their tamper-proof material. Nanografix, a company, specializes in hologram packaging and promotional materials to protect and authenticate documents and products. The company offers fully customized and generic film-casting designs. This technology uses ultraviolet (UV)/electronic beam (EB) varnishes and specialty films. It can also be incorporated with security and anti-counterfeiting features. Casting films are reusable and recyclable. Packaging companies always demand and provide these innovations in the market. These innovations will play a major role in the future of the medical packaging film industry.
Global players are expected to increase their footprint in the medical packaging films market, especially regarding features and pricing strategy. The leading companies with a strong footprint in the developed nations are strategically expanding their business in low- and middle-income countries, which is attributed to the growing aging population and chronic diseases. Further, the market is observing growth in technological advancements in medical packaging film, and several new product launches can be witnessed. Expansion activities are helping the vendors to strengthen their global distribution networks and thus allowing the vendors to explore new opportunities.
Recent Mergers And Acquisitions in the Global Medical Packaging Films Market
- In 2019, Amcor invested around USD 11 million for cast films in Bristol, UK, as its next generation of medical device packaging, a new Advanced Cast Extrusion Technology.
- In July 2021, Pregis, a global provider of innovative protective packaging materials, invested about USD 80 million in a new blown film extrusion facility to produce the latest engineered films to manufacture medical device packaging solutions.
Key Prominent Vendors
- Berry Global
- Amcor
- AptarGroup
- Sealed Air
- 3M
- ACG
- adapa Group
- Avient
- AVI Global Plast
- CCL Industries
- CellBios Healthcare & Lifesciences
- Covestro
- Coveris
- DuPont
- Glenroy
- Honeywell International
- Liveo Research
- Meghmani Group
- Neelam Global
- Novolex
- Profol
- POLYCINE
- Printpack
- RENOLIT
- Speciality Polyfilms
- Super Olefins
- Tekniplex
- West Pharmaceutical Services
- Wihuri Group
Market Segmentation
Material
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polyamide
- Metal
Type
- Thermoformable Films
- High-Barrier Films
Application
- Bags
- Tubes
- Others
End-User
- Pharmaceutical Companies
- Medical Devices Companies
- Others
Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Europe
- Germany
- Italy
- Spain
- France
- UK
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- South Arabia
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Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY MATERIAL
4.3.2 MARKET SEGMENTATION BY TYPE
4.3.3 MARKET SEGMENTATION BY APPLICATION
4.3.4 MARKET SEGMENTATION BY END-USER
4.3.5 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 OVERVIEW
8 PREMIUM INSIGHTS
8.1 MARKET SCENARIO
9 MARKET OPPORTUNITIES & TRENDS
9.1 RISING FOCUS ON ECO-FRIENDLY PACKAGING
9.2 GROWING POPULARITY OF BI-AXIALLY ORIENTED POLYPROPYLENE FILMS
9.3 INCREASING DEMAND FOR INNOVATIVE PACKING FILMS
10 MARKET GROWTH ENABLERS
10.1 RISING DEMAND FOR FLEXIBLE PACKAGING
10.2 GROWING DEMAND FOR PHARMACEUTICALS AND MEDICAL DEVICES
10.3 INCREASING INORGANIC VENDOR ACTIVITIES
11 MARKET RESTRAINTS
11.1 VOLATILITY IN RAW MATERIAL PRICES
11.2 COMPLIANCE WITH ENVIRONMENTAL REGULATIONS FOR DISPOSAL & RECYCLING
11.3 HOME DELIVERY OF MEDICINES BESET WITH SEVERAL CHALLENGES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.2.1 INSIGHTS BY MATERIAL
12.2.2 INSIGHTS BY TYPE
12.2.3 INSIGHTS BY APPLICATION
12.2.4 INSIGHTS BY END-USER
12.2.5 INSIGHTS BY GEOGRAPHY
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 MATERIAL
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 POLYETHYLENE
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 POLYPROPYLENE
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 POLYVINYL CHLORIDE
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 POLYAMIDE
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY
13.7 METAL
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST
13.7.3 MARKET BY GEOGRAPHY
14 TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 THERMOFORMABLE FILMS
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 HIGH-BARRIER FILMS
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
15 APPLICATION
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 BAGS
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY GEOGRAPHY
15.4 TUBES
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY GEOGRAPHY
15.5 OTHERS
15.5.1 MARKET OVERVIEW
15.5.2 MARKET SIZE & FORECAST
15.5.3 MARKET BY GEOGRAPHY
16 END-USER
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 PHARMACEUTICAL COMPANIES
16.3.1 MARKET OVERVIEW
16.3.2 MARKET SIZE & FORECAST
16.3.3 MARKET BY GEOGRAPHY
16.4 MEDICAL DEVICE COMPANIES
16.4.1 MARKET OVERVIEW
16.4.2 MARKET SIZE & FORECAST
16.4.3 MARKET BY GEOGRAPHY
16.5 OTHERS
16.5.1 MARKET OVERVIEW
16.5.2 MARKET SIZE & FORECAST
16.5.3 MARKET BY GEOGRAPHY
17 GEOGRAPHY
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 GEOGRAPHIC OVERVIEW
18 APAC
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 APAC: MATERIAL
18.4 APAC: TYPE
18.5 APAC: APPLICATION
18.6 APAC: END-USER
18.7 KEY COUNTRIES
18.7.1 CHINA: MARKET SIZE & FORECAST
18.7.2 INDIA: MARKET SIZE & FORECAST
18.7.3 JAPAN: MARKET SIZE & FORECAST
18.7.4 SOUTH KOREA: MARKET SIZE & FORECAST
18.7.5 AUSTRALIA: MARKET SIZE & FORECAST
19 EUROPE
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 EUROPE: MATERIAL
19.4 EUROPE: TYPE
19.5 EUROPE: APPLICATION
19.6 EUROPE: END-USER
19.7 KEY COUNTRIES
19.7.1 GERMANY: MARKET SIZE & FORECAST
19.7.2 FRANCE: MARKET SIZE & FORECAST
19.7.3 UK: MARKET SIZE & FORECAST
19.7.4 SPAIN: MARKET SIZE & FORECAST
19.7.5 ITALY: MARKET SIZE & FORECAST
20 NORTH AMERICA
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 NORTH AMERICA: MATERIAL
20.4 NORTH AMERICA: TYPE
20.5 NORTH AMERICA: APPLICATION
20.6 NORTH AMERICA: END-USER
20.7 KEY COUNTRIES
20.7.1 US: MARKET SIZE & FORECAST
20.7.2 CANADA: MARKET SIZE & FORECAST
21 LATIN AMERICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 LATIN AMERICA: MATERIAL
21.4 LATIN AMERICA: TYPE
21.5 LATIN AMERICA: APPLICATION
21.6 LATIN AMERICA: END-USER
21.7 KEY COUNTRIES
21.7.1 BRAZIL: MARKET SIZE & FORECAST
21.7.2 MEXICO: MARKET SIZE & FORECAST
21.7.3 ARGENTINA: MARKET SIZE & FORECAST
22 MIDDLE EAST & AFRICA
22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 MIDDLE EAST & AFRICA: MATERIAL
22.4 MIDDLE EAST & AFRICA: TYPE
22.5 MIDDLE EAST & AFRICA: APPLICATION
22.6 MIDDLE EAST & AFRICA: END-USER
22.7 KEY COUNTRIES
22.7.1 TURKEY: MARKET SIZE & FORECAST
22.7.2 SAUDI ARABIA: MARKET SIZE & FORECAST
22.7.3 SOUTH AFRICA: MARKET SIZE & FORECAST
23 COMPETITIVE LANDSCAPE
23.1 COMPETITION OVERVIEW
23.2 MARKET SHARE ANALYSIS
23.2.1 BERRY GLOBAL
23.2.2 AMCOR
23.2.3 APTARGROUP
23.2.4 SEALED AIR
24 KEY COMPANY PROFILES
24.1 BERRY GLOBAL
24.1.1 BUSINESS OVERVIEW
24.1.2 PRODUCT OFFERINGS
24.1.3 KEY STRATEGIES
24.1.4 KEY STRENGTHS
24.1.5 KEY OPPORTUNITIES
24.2 AMCOR
24.3 APTARGROUP
24.4 SEALED AIR
25 OTHER PROMINENT VENDORS
25.1 3M
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.2 ACG
25.3 ADAPA GROUP
25.4 AVIENT
25.5 AVI GLOBAL PLAST
25.6 CCL INDUSTRIES
25.7 CELLBIOS HEALTHCARE & LIFESCIENCES
25.8 COVESTRO
25.9 COVERIS
25.10 DUPONT
25.11 GLENROY
25.12 HONEYWELL INTERNATIONAL
25.13 LIVEO RESEARCH
25.14 MEGHMANI GROUP
25.15 NEELAM GLOBAL
25.16 NOVOLEX
25.17 PROFOL
25.18 POLYCINE
25.19 PRINTPACK
25.20 RENOLIT
25.21 SPECIALTY POLYFILMS
25.22 SUPER OLEFINS
25.23 TEKNIPLEX
25.24 WEST PHARMACEUTICAL SERVICES
25.25 WIHURI GROUP
26 REPORT SUMMARY
26.1 KEY TAKEAWAYS
26.2 STRATEGIC RECOMMENDATIONS
27 QUANTITATIVE SUMMARY
27.1 MARKET BY GEOGRAPHY
27.2 MARKET BY MATERIAL
27.3 MARKET BY TYPE
27.4 MARKET BY APPLICATION
27.5 MARKET BY END-USER
27.6 APAC BY MATERIAL
27.7 APAC BY TYPE
27.8 APAC BY APPLICATION
27.9 APAC BY END-USER
27.10 EUROPE BY MATERIAL
27.11 EUROPE BY TYPE
27.12 EUROPE BY APPLICATION
27.13 EUROPE BY END-USER
27.14 NORTH AMERICA BY MATERIAL
27.15 NORTH AMERICA BY TYPE
27.16 NORTH AMERICA BY APPLICATION
27.17 NORTH AMERICA BY END-USER
27.18 LATIN AMERICA BY MATERIAL
27.19 LATIN AMERICA BY TYPE
27.20 LATIN AMERICA BY APPLICATION
27.21 LATIN AMERICA BY END-USER
27.22 MIDDLE EAST & AFRICA BY MATERIAL
27.23 MIDDLE EAST & AFRICA BY TYPE
27.24 MIDDLE EAST & AFRICA BY APPLICATION
27.25 MIDDLE EAST & AFRICA BY END-USER
28 APPENDIX
28.1 ABBREVIATIONS
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