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Medical Packaging Films Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3755

Medical Packaging Films Market Size is expected to register commendable growth from 2022 to 2028. This expansion is on account of strict regulatory requirements for the effective packaging of medical devices and pharmaceutical products that have led to the improvement and development of an extensive range of medical polymer films. The materials help in preventing a product from escaping from the enclosed packaging, entering the environment, and also help in protection against outside influences that are likely to enter a package and cause a damaging impact to the products.
 

On the basis of material, the polypropylene segment is anticipated to record substantial expansion through 2028. This is because PP films constitute a standard plastic material that is frequently utilized in the production of packs. Numerous advantages of the product comprise heat resistance, barrier properties, and stability. These factors are poised to impel the demand for polypropylene medical packaging materials for the production of packs for pharmaceutical and medical products, propelling business expansion in the coming years.
 

On the basis of application, the medical packaging films market is predicted to register considerable gains from the bags segment up to 2028. This rise is driven by the increasing product usage in the outer packaging or overwrapping of blood bag systems and sterile solution bags. These bags are usually sterilized in the overwrap through the process of one-step final sterilization. Multiple benefits of deploying polypropylene films comprise significant advantages such as better sterilization heat resistance, greater transparency, and higher gloss in comparison to traditionally used materials.
 

Asia Pacific medical packaging films market share is slated to register lucrative growth during the forecast period. This expansion is due to the establishment of a number of facilities in the region. For instance, in December 2021, Amcor announced the opening of its greenfield packaging unit in Tuas, Singapore. The packaging facility will address a future and current market requirement, as the demand for healthcare packaging is rapidly escalating across the region.
 

Major players in the medical packaging films market comprise Polycine, 3M, Renolit, Berry Global, Glenroy, Toray Plastics (America), Amcor, DuPont de Nemours, Covestro, and others. These leaders are focusing on the adoption of numerous strategies including mergers, acquisitions, partnerships, collaborations, and product developments for consolidating their position across the market.
 

Some of the instances have been mentioned below:

  • In September 2021, Glenroy Inc., decided the official brand name “TruRenu” for their sustainable flexible packaging portfolio for helping retailers and brands in the achievement of their sustainability objectives.
     
  • In April 2021, Berry Global Group, Inc., one of the leading medical packaging companies, announced an investment of over USD 70 million for supporting continued growth in consumer packaging films, particularly for food, e-commerce, and beverage applications. The capital infusion supports new multi-layer blown film lines across numerous sites in the North American manufacturing system.
     

Impact of COVID-19 pandemic on medical packaging films market growth

The SARS-CoV-2 pandemic is bringing together packaging, logistics, pharmaceutical, and manufacturing companies for delivering products in a quick and safe manner to millions of patients across the globe. This has been instrumental in enhancing the demand for medical packaging films, typically for a range of vaccine packaging solutions. Numerous companies are, therefore, coming up with various product developments for solving a series of complex testing kit and vaccine packaging challenges of the COVID-19 pandemic.
 

The medical packaging films market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, By Material

  • Polyethylenes (PE)
  • Polyamide (PA)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Others

Market, By Type

  • High Barrier Film
  • Thermoformable Film
  • Metallized Film
  • Others

Market, By Application

  • Bags
    • Parenteral Nutrition Bags
    • Blood Bags
    • Drainage Bags
    • Biomedical Bags
    • Other bags
  • Tubes
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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