The report “Medical Packaging Films Market by Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide), Type (Thermoformable Film, High Barrier Film), Application (Bag, Tube, Others), and Region – Global Forecast to 2023″ The medical packaging film market is projected to reach USD 7.1 billion by 2023, at a CAGR of 4.87% from 2018 to 2023. The medical packaging film market is projected to grow from USD 5.6 billion in 2018 to USD 7.1 billion by 2023, at a CAGR of 4.87% during the forecast period. The rising demand for medical packaging from emerging economies of Asia Pacific is driving the growth of the medical packaging film market. Moreover, the growing demand for sustainable packaging solutions across the globe and the rising demand for bi-axially oriented films are factors projected to drive the market for medical packaging film.
Browse 159 market data Tables and 30 Figures spread through 149 Pages and in-depth TOC on “Medical Packaging Films Market by Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide), Type (Thermoformable Film, High Barrier Film), Application (Bag, Tube, Others), and Region – Global Forecast to 2023”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/medical-packaging-films-market-210170372.html
In terms of volume, the polypropylene segment is projected to grow at the highest CAGR from 2018 to 2023.
The polypropylene segment in the medical packaging film market is projected to grow at the highest CAGR during the forecast period, in terms of volume. Polypropylene or PP is a low-cost thermoplastic, with high clarity, high gloss, and enhanced tensile strength. It has a higher melting point than PE, which makes it suitable for applications that require sterilization at high temperatures. PP can be metalized, which results in improved gas barrier properties for various applications where extended product shelf life is important.
In terms of value and volume, the bags segment is estimated to lead the medical packaging market in 2018.
The demand for medical packaging films is projected to increase in the healthcare industry. Use of plastic films for manufacturing medical bags remains high, as they have enhanced shelf life, reduced bacterial contamination, resistant to breakage, and shipment of plastic bags compared to glass bottles. Medical bags are extensively used in the medical and pharmaceutical industries, particularly when low-cost packaging solutions are required in large quantities.
In terms of value and volume, the Asia Pacific region is projected to lead the medical packaging film market during the forecast period.
The Asia Pacific region is projected to lead the medical packaging market, in terms of both, value and volume, from 2018 to 2023. The Asia Pacific medical packaging film market witnesses a significant growth due to the increased awareness among consumers regarding sustainable packaging and strong industrial base in the region. The market for medical packaging films in the European region is also projected to witness positive growth in parallel to the economy in the region and increasing domestic demand for medical devices and products. Moreover, the increased awareness among masses about reducing packaging waste is further projected to drive the market for medical packaging films in the region.
Amcor (Australia), Berry Global Group (US), DuPont (US), Weigao Group (China), PolyCine (Germany), Covestro AG (Germany), Glenroy (US) and 3M Company (US), Wipak Group, and Renolit SE (Germany) are key players operating in the medical packaging market. Expansions, investments, divestments, new product developments, and acquisitions are some of the major strategies adopted by key players to enhance their position in the medical packaging films market.
Don’t miss out on business opportunities in Medical Packaging Films Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441