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Medical Packaging Films Market Report 2019 By Amcor Limited, Berry Global, DuPont, RENOLIT, Weigao group, Polycine, Covestro and others

Medical Packaging Films market research report will help companies achieve better decision-making, revenue generation, market goals and profitable businesses in the long term. It also combines all-inclusive industry analysis with specific estimates and forecasts to provide comprehensive research solutions with the greatest possible clarity for strategic decision-making. Therefore, the movements or actions of major market players and brands are analyzed in the medical packaging report, which ranges from product development, product launch, acquisitions, mergers, joint ventures and future technology products. The generation of target-driven reports, quality loyalty and transparency in the research method are just some of the features with which this market report can be adopted with confidence. This medical packaging films market research report provides a comprehensive overview of the market, taking into account various aspects of product definition, market segmentation based on different parameters and the established market environment.

Key Developments in the Market:

In August 2018, Amcor Limited announced that they have agreed to acquire Bemis Company Inc., with the combination of both the companies creating a global leader in packaging.

In January 2017, Berry Global Inc. announced the completion of acquisition of AEP Industries, with this acquisition resulting in expanded product portfolio and capacity to produce.

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Segmentation: Global Medical Packaging Films Market

By Material

Plastics, Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyamide (PA), Polyvinyl Chloride (PVC), Aluminum, Oxides

By Product

High Barrier Films, Metallized Films, Coated Films, Co-Extruded Films, Formable Films, Thermo-Formable Films, Cold-Formable Films

By Application

Blister Packs, Bags & Pouches, Blood Bags, Parenteral Nutrition Bags, Drainage Bags, Biomedical Bags, Others, Lidding, Sachets, Tubes, Others

By End-User

Pharmaceutical, Medical Device

Competitive Analysis:

Global medical packaging films market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical packaging films market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Market Drivers:

  • Increasing healthcare expenditure amid rising cases of chronic disorders and diseases is expected to drive the market growth
  • Rising demand for better quality and enhanced products for medical packaging films is also expected to drive the market growth

Market Restraints:

  • Vulnerability and instability in the prices of raw materials required for the production is expected to restrain the market growth
  • Stringent regulations and denial of packaging as an independent product by the authorities restrains the market growth as it requires pertaining to the specific needs of the manufacturers of healthcare market

Key Market Competitors: Global Medical Packaging Films Market

Few of the major competitors currently working in the medical packaging films market are Amcor Limited, Berry Global Inc., DuPont, RENOLIT, Weigao group, Polycine GmbH, Covestro AG, Glenroy Inc., 3M, Wipak, TORAY INDUSTRIES INC., Klöckner Pentaplast, DUNMORE, TEKRA, COVERIS, Winpak Ltd., Bemis Company Inc., and Honeywell International Inc.

Global medical packaging films market is expected to rise from its initial estimated value of USD 5.75 billion in 2018 to an estimated value of USD 8.46 billion by 2026, registering a CAGR of 4.95% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing healthcare expenditure amid rising cases of chronic diseases and various disorders.

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