About Medical Packaging Solutions
Medical packaging performs several important functions, but its primary role is to protect a medical or pharmaceutical product. The medical polymer film is an essential component in medical packaging that protects against contaminants and maintains the integrity of the product. Medical components are typically packaged in one of several structural configurations such as blister packaging, individual-wrap packages, multi-compartment trays, water-soluble packaging, pouches and cartons. There are several codes in place to ensure the quality of medical packaging that involves ISO9000: Quality Management Standard and PSO9000: Pharmaceutical Packaging Materials Standard.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.35% |
Medical Packaging Solutions is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Packaging Solutions market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avery Dennison Corporation (United States), 3M Company (United States), E.I. du Pont de Nemours and Company (United States), CCL Industries Inc. (Canada), Amcor Limited (Australia), Constantia Flexibles Group GmbH (Austria), Bemis Company, Inc (United States), Sonoco Company (United States), WestRock Company (United States) and Mondi Group Plc. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Aptar Group (United States), Berry Global Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Packaging Solutions market by Type (-Primary Packaging, Blister Pack, Pouches, Bottles & Container, Others, -Secondary Packaging, Folding Cartons, Paperboard, Trays, Others, -Tertiary Packaging, Wooden & Plastic Pallet, Shrink Film, Cardboard Boxes and Others), Application (Medical Tools, Medical Devices, Implants and IVDs) and Region.
On the basis of geography, the market of Medical Packaging Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Polyethylene will boost the Medical Packaging Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth of the Implantable Device Market
Market Growth Drivers:
High Demand for Sustainable Packaging Solutions for Medical Industry and Increased Demand for Medical Products Due to Rise in the Chronic Diseases
Challenges:
Stringent Government Rules and Regulations
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Health Care Industry Worldwide and Increasing Number of Pharmaceutical Companies In Developing Regions
Market Leaders and their expansionary development strategies
In January 2023, Amcor acquired MDK, a Chinese company that provides packaging for medical devices. Based in Shanghai, MDK supplies paper-based packaging and coating capabilities for companies in China’s medical device sector. The strengthen its position in both China’s medical device packaging market and the wider Asia-Pacific (APAC) medical packaging segment.
In November 2023, Amcor launched the next generation of its Medical Laminates solutions. Amcor's latest innovation enables the development of all-film packaging that is recyclable in the polyethylene stream.
Key Target Audience
Medical Packaging Solutions Provides, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.