Medical Packaging Films Market by Type and Geography - Forecast and Analysis 2022-2026
Published: Nov 2021 | Pages: 120 | SKU: IRTNTR71485 |
The medical packaging films market share is expected to increase by USD 2.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.23%.
This medical packaging films market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (thermoformable film and high barrier film) and geography (APAC, Europe, North America, South America, and MEA). The medical packaging films market report also offers information on several market vendors, including 3M Co., Amcor Plc, Berry Global Group Inc., Covestro AG, DuPont de Nemours Inc., Glenroy Inc., PolyCine GmbH, RENOLIT SE, Shandong Weigao Group Medical Polymer Co. Ltd., and Wipak Group among others.
What will the Medical Packaging Films Market Size be During the Forecast Period?
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Medical Packaging Films Market: Key Drivers and Trends
The increased worldwide consumption of drugs is notably driving the medical packaging films market growth, although factors such as risk of counterfeiting in medical packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical packaging films industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Driver for the Medical Packaging Films Market
The increasing consumption of drugs across the globe is one of the key factors supporting the medical packaging films market size increase. Growing urbanization and increased health awareness among the population are the major factors driving the growth of the healthcare industry. The consumption of drugs is increasing across the world due to the rising incidence and prevalence of chronic diseases, hectic lifestyles, and the aging of the population. The advances in the pharmaceutical industry will increase the demand for advanced drugs, thereby driving the global medical packaging films market during the forecast period.
Key Challenge Medical Packaging Films Market
The risk of counterfeiting in medical packaging is one of the key challenges for the medical packaging films market growth. The risk of counterfeit is higher in the supply chain of medical products. Counterfeit drugs can be a threat to consumers' life. They can also financially impact pharmaceutical vendors and packaging vendors. Furthermore, the after-effects of counterfeit drugs can affect brand reputation. Vendors of medical packaging films solutions are increasingly investing and adopting anti-counterfeit techniques in packaging such as security printing due to the risk of counterfeiting in the medical industry.
This medical packaging films market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Medical Packaging Films Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Amcor Plc
- Berry Global Group Inc.
- Covestro AG
- DuPont de Nemours Inc.
- Glenroy Inc.
- PolyCine GmbH
- RENOLIT SE
- Shandong Weigao Group Medical Polymer Co. Ltd.
- Wipak Group
This statistical study of the medical packaging films market encompasses successful business strategies deployed by the key vendors. The medical packaging films market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The medical packaging films market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Medical Packaging Films Market?
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42% of the market's growth will originate from APAC during the forecast period. Japan and China are the key markets for medical packaging films in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing consumption of drugs in APAC will facilitate the medical packaging films market growth in the region over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Type Segments in the Medical Packaging Films Market?
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The medical packaging films market share growth by the thermoformable film segment will be significant during the forecast period. The high mechanical strength and moisture barrier features of thermoformable films make them ideal for packing sterile medical products, including pharmaceuticals and medical equipment. Increased demand for medical and pharmaceutical items has been a primary driver for the segment. Furthermore, the expanding healthcare industry has increased the demand for thermoformed plastics.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical packaging films market size and actionable market insights on post COVID-19 impact on each segment.
Medical Packaging Films Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.23% |
Market growth 2022-2026 |
$ 2.02 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.68 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, Japan, China, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Amcor Plc, Berry Global Group Inc., Covestro AG, DuPont de Nemours Inc., Glenroy Inc., PolyCine GmbH, RENOLIT SE, Shandong Weigao Group Medical Polymer Co. Ltd., and Wipak Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Medical Packaging Films Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive medical packaging films market growth during the next five years
- Precise estimation of the medical packaging films market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medical packaging films industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of medical packaging films market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Thermoformable film - Market size and forecast 2021-2026
- High barrier film - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- North America - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Amcor Plc
- Berry Global Group Inc.
- Covestro AG
- DuPont de Nemours Inc.
- Glenroy Inc.
- PolyCine GmbH
- RENOLIT SE
- Shandong Weigao Group Medical Polymer Co. Ltd.
- Wipak Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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medical packaging films market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis