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An Opportunity Worth USD 9 Billion Opening Up in the Medical Packaging Films Market, Holographic Effects to Boost the Demand for Medical Packaging Films - Arizton

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News provided by

Arizton Advisory & Intelligence

17 Jan, 2023, 19:00 GMT

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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.

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Medical Packaging Films Market

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

Customization Request

If our report does not include the information you are searching for, you may contact us to have a report tailored to your specific business needs https://www.arizton.com/customize-report/3638

 

Click Here to Download the Free Sample Report

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

Check Out Some of the Top-Selling Related Research Reports:

Pharmaceutical Packaging Market - The global pharmaceutical packaging market will cross USD 106.37 billion by 2027. The demand for advanced and innovative solutions, such as self-administered drug delivery devices, is rising in high-income countries, bringing lucrative opportunities for the pharmaceutical packaging market.

Medical Device Packaging Market - The global medical device packaging market is expected to cross $34 billion by 2027. North America dominated the global medical device packaging market, occupying nearly 40%. However, APAC is likely to offer significant growth opportunities to packaging companies due to a paradigm shift in medical device manufacturing from North America & Europe to the APAC region.

Vaccine Storage and Packaging Market - The vaccine storage and packaging market is expected to reach USD 5,661.25 million by 2026. The prevalence of COVID-19 has provided vast opportunities for vaccine freezers, refrigerators, ampoules, vials, and other packaging material providers. COVID-19 has enabled the key vaccine players to partner with the key vendors in the vaccine storage equipment market.

Medical Device Contract Manufacturing Market - The global medical device contract manufacturing market will reach USD 132 billion by 2026. North America is expected to account for the highest revenue in the medical device contract manufacturing market share. High demand for medical device development and contract manufacturing in the region due to the presence of major contract manufacturing companies with enhanced manufacturing capabilities is a major factor contributing to the market's growth.

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

About Us:

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.  

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.  

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.  

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