The Worldwide Market for Medical Packaging Films (2018-2023): Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide
DUBLIN, Dec. 17, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The medical packaging 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.
Rise in income levels, growth in healthcare awareness, and increase in incidences of chronic conditions will drive the market for medical product and eventually medical packaging films. The growth of the market is propelled by the rise in population, income level, and awareness of the world.
The market is further fostered by factors such as increase in incidences of chronic condition and expenditure of healthcare facility, increase in demand for bio plastic material, and rise in demand for biaxially oriented films. Moreover, growth in demand for sustainable packaging solutions pose an opportunity for the growth of the market.
In 2017, Asia Pacific was the largest market for medical packaging films, representing 38.25% of the global market and is projected to grow at the highest CAGR of 5.52% during the forecast period. China was the largest market in Asia Pacific, with a share of 46.22% in 2017.
The medical packaging films market in China is projected to grow at a CAGR of 5.90% from 2018 to 2023. The growing end-use industries are likely to fuel the demand for medical packaging films in Asia Pacific during the forecast period. Countries with a strong industrial base such as China, India, and Japan, will play a key role in the development of the Asia Pacific medical packaging films market.
The medical packaging films market is dominated by large players such as Amcor (Australia), Berry Global Group (US), DuPont (US), 3M (US), Renolit (Germany), Weigao (China), PolyCine GMBH (Germany), Covestro AG (Germany), Glenroy (US), and Wipak Group (Germany). These companies have an extensive portfolio of medical packaging films and a wide presence across regions.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regional Scope
1.3.2 Periodization Considered
1.4 Currency Considered
1.5 Area Unit Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Bottom-Up Approach
2.3 Market Share Estimation
2.4 Data Triangulation
2.5 Research Assumptions & Limitations
2.5.1 Research Assumptions
2.5.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Medical Packaging Films Market
4.2 Europe: Medical Packaging Films Market, By Product & Country
4.3 Medical Packaging Films Market, By Material
4.4 Medical Packaging Films Market, By Material
4.5 Medical Packaging Films Market: Key Countries
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increase in Incidences of Chronic Conditions and Expenditure of Healthcare Facilities
5.1.1.2 Increase in Demand for Bioplastic Material
5.1.1.3 Rise in Demand for Bi-Axially Oriented Films
5.1.2 Restraints
5.1.2.1 Fluctuations in the Prices of Raw Materials
5.1.3 Opportunities
5.1.3.1 Growth in Demand for Sustainable Packaging Solutions
5.1.3.2 Emerging Markets Represent Business Expansion Opportunities
5.1.4 Challenges
5.1.4.1 Stringent Rules & Regulations
5.2 Macroeconomic Overview
5.2.1 Trends & Forecast of GDP
5.2.2 Current Expenditure on the Healthcare Industry
6 Medical Packaging Films Market, By Material
6.1 Introduction
6.2 Polyethylenes (PE)
6.2.1 Polyethylene to Be the Largest Segment of the Medical Packaging Films Market
6.3 Polypropylene (PP)
6.3.1 Polypropylene to Be the Fastest Growing Material in Medical Packaging Films Market
6.4 Polyamide (PA)
6.4.1 Polyamide has High Mechanical Strength and Resistance to Tear and Temperatur
6.5 Polyvinyl Chloride (PVC)
6.5.1 Polyvinyl Chloride is the Third Most Widely Produced Synthetic Plastic
6.6 Others
6.6.1 Others Segment is Expected to Grow at A Stagnant Rate During the Forecast Period
7 Medical Packaging Films Market, By Type
7.1 Introduction
7.2 Thermoformable Film
7.2.1 Thermoformable Films to Hold the Largest Market Share Through 2023
7.3 High Barrier Film
7.3.1 High Barrier Films to Hold Second Largest Market Share in Medical Packaging Films
7.4 Metallized Film
7.4.1 Metallized Film to Grow at the Third Highest CAGR, in Terms of Value & Volume
7.5 Others
7.5.1 Others Segment is Expected to Grow at A Stagnant Rate During the Forecast Period
8 Medical Packaging Films Market, By Application
8.1 Introduction
8.2 Bags
8.2.1 Blood Bags
8.2.1.1 Blood Bags Segment to Grow at Second Highest CAGR
8.2.2 Parenteral Nutrition Bags
8.2.2.1 Parenteral Nutrition Bags to Grow at Highest CAGR
8.2.3 Drainage Bags
8.2.3.1 Drainage Bags Account for Second Largest Market Share
8.2.4 Biomedical Bags
8.2.4.1 Biomedical Bags to Grow at Stagnated CAGR
8.2.5 Other Bags
8.3 Tubes
8.3.1 Tube Segment to Grow at Second Highest CAGR.
8.4 Others
8.4.1 Others Segment Accounted for the Third Highest CAGR
9 Medical Packaging Films Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.1.1 The US Dominated the Medical Packaging Films Market in North America
9.2.2 Canada
9.2.2.1 Canada is the Second-Largest Market for Medical Packaging Films in North America
9.2.3 Mexico
9.2.3.1 Increase in the Import of Packaging Machinery is Generating More Demand From the Medical Packaging Industry in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany Dominated the Medical Packaging Films Market in Europe
9.3.2 UK
9.3.2.1 Increasing Demand for Sustainable Packaging to Drive the Demand for Polymer Films in Medical Packaging in the Uk
9.3.3 France
9.3.3.1 France Was the Second-Largest Market for Medical Packaging Films in Europe
9.3.4 Italy
9.3.4.1 Demand for Polymer Bags and Pouches is Expected to Increase at Faster Pace in Italy, in Terms of Value
9.3.5 Rest of Europe
9.3.5.1 Polyethylene to Remain the Largest Segment in the Medical Packaging Films Market
9.4 Asia-Pacific
9.4.1 China
9.4.1.1 China is the Largest and Fastest Growing Market for Medical Packaging Film
9.4.2 Japan
9.4.2.1 Growing End-Use Industry to Support the Growth of Medical Packaging Films Market in Japan
9.4.3 India
9.4.3.1 Medical Packaging Film Market is Projected to Grow at Second Highest CAGR During the Forecast Period
9.4.4 Australia
9.4.4.1 Increasing Number of Medical Product Manufacturing Activites to Drive Medical Packaging Films Market in Australia
9.4.5 Rest of Asia-Pacific
9.4.5.1 Polypropylene to Be the Fastest Growing Segment of Medical Packaging Films Market in Rest of Asia Pacific Region
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Saudi Arabia is Projected to Account for the Largest Market Share in the Middle East & Africa Medical Packaging Films Market, in Terms of Value
9.5.2 UAE
9.5.2.1 The UAE Medical Packaging Films Market to Grow at the Highest CAGR During the Forecast Period
9.5.3 South Africa
9.5.3.1 The Growth of the Healthcare Industry is Projected to Drive the Growth of the Medical Packaging Films Market in South Africa
9.5.4 Turkey
9.5.4.1 The Thermoformable Film Segment is Projected to Account for the Largest Share in the Turkey Medical Packaging Market
9.5.5 Rest of the Middle East & Africa
9.5.5.1 The Bags Segment is Projected to Witness the Fastest Growth in the Rest of the Middle East & Africa Medical Packaging Films Market
9.6 South America
9.6.1 Brazil
9.6.1.1 Brazil to Be the Largest Market for Medical Packaging Films in South America
9.6.2 Argentina
9.6.2.1 Rising Disposable Income and Increasing Expenditure on Healthcare to Drive the Medical Packaging Films Market in Argentina
9.6.3 Rest of South America
9.6.3.1 The Polyethylene Segment is Projected to Dominate the Medical Packaging Films Market in Rest of South America
10 Competitive Landscape
10.1 Overview
10.2.1 Expansions & Investments
10.2.2 Mergers & Acquisitions
10.2.3 New Product Developments
10.2.4 Partnerships
11 Company Profiles
11.1 Amcor
11.2 Berry Global Group
11.3 DuPont
11.4 Renolit
11.5 Weigao Group
11.6 Polycine GmbH
11.7 Covestro AG
11.8 Glenroy
11.9 3M
11.10 Wipak Group
11.11 Other Players
11.11.1 Toray Industries Inc.
11.11.2 Klckner Pentaplast
11.11.3 Dunmore Corporation
11.11.4 Tekra Corporation
11.11.5 Coveris Holdings S.A.
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