Medical packaging films market to grow by $ 2.02 billion

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The 3 main players in the medical packaging films market

  • 3M Co. – The company offers medical packaging films that come with a laminate of beige pigmented polyethylene and aluminum vapor coated polyester, which provides a highly occlusive barrier, under the brand name of 3M.
  • Amcor Plc – The company offers medical packaging films that reduce the risk of damage in transit and formulations available for radiation sterilization under the Amcor brand.
  • Berry Global Group Inc. – The company offers medical packaging films designed for a wide range of medical products to improve treatment efficiency and reliability under the Optym brand.

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Medical Packaging Films Market 2022-2026: Segmentation

  • Type
    • Thermoformable film
    • High barrier film
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • AEM

By type, the thermoformable films segment will account for significant market share growth during the forecast. The increased demand for medical and pharmaceutical items is the main growth driver of the segment. Features such as high mechanical strength and moisture barrier characteristics make thermoformable films ideal for packaging sterile medical products, including pharmaceuticals and medical equipment.

By geography, APAC is expected to account for 42% of the market growth during the forecast period, with Japan and China being the key countries. The increasing consumption of drugs in APAC will drive the growth of the medical packaging films market in the region.

Drivers and challenges

The medical packaging film market is driven by increasing global drug consumption, increased use of disposable medical products, and increasing global pharmaceutical sales. However, factors such as risk of counterfeit in medical packaging may hinder the growth of the market.

See our sample report for more information on the different trends, challenges and drivers impacting the market

Corresponding reports:

  • Healthcare and Laboratory Labels Market: The healthcare and laboratory labels market has been segmented by end user (pharmaceuticals, nutraceuticals, medical devices, laboratory, and others) and geography (APAC, Europe, North America, South America, and MEA). Download a sample report now
  • Laboratory Consumables Primary Packaging Market: The laboratory consumables primary packaging market has been segmented by product (tubes, petri dishes, beakers, vials, and other products) and by geography (APAC, North America, Europe, South America, and MEA). Extract a sample report

Scope of the medical packaging films market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 5.23%

Market growth 2022-2026

$ 2.02 billion

Market structure

Fragmented

Annual growth (%)

4.68

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

42% APAC

Main consumer countries

United States, Japan, China, Germany and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

3M Co., Amcor Plc, Berry Global Group Inc., Covestro AG, DuPont de Nemours Inc., Glenroy Inc., PolyCine GmbH, RENOLIT SE, Shandong Weigao Group Medical Polymer Co. Ltd. and Wipak Group

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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