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

Date: December 12, 2018
Pages: 150
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US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: MC9BDAAE2ECEN
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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
“Increased demand for medical packaging solutions in the medical packaging industry is projected to drive the overall growth of the medical packaging films market across the globe from 2018 to 2023.”

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. The growing demand for medical packaging films and increasing demand for bi-axially oriented films in the healthcare industry are factors that are driving the growth of the medical packaging films market across the globe. However, various environmental regulations across regions for packaging products is projected to inhibit the growth of the market.

In terms of volume, the thermoformable film segment is projected to grow at the highest CAGR during the forecast period.

The thermoformable film segment in the medical packaging films market is projected to grow at the highest CAGR during the forecast period, in terms of volume. This segment is projected to witness significant growth due to the high strength and durability offered by thermoformable films. Medical products are available in a wide range of shapes and sizes. Leading players provide thermoforming film packages for medical drugs and equippers to offer unique packaging solutions to the industry.

In terms of both, value and volume, the polyethylene segment is projected to lead the medical packaging films market from 2018 to 2023.

The polyethylene segment is projected to lead the medical packaging films market from 2018 to 2023, in terms of both, value and volume. Polyethylene film is a thin plastic material manufactured of polyethylene resins and is one of the most commonly used plastic films. Polyethylene is available in various densities such as low-density PE (LDPE), linear low-density PE (LLDPE) and high-density PE (HDPE). Polyethylene film is also used in various applications such as packaging, plastic bags, labels, and has enhanced heat sealing properties. LDPE is used to manufacture thin films, general-purpose films, and high-barrier films. High-density polyethylene (HDPE) is widely used in medical tubing. Due to its low cost, low friction, and chemical resistance properties, LDPE remains a preferred alternative to PVC.

In terms of value, the Asia Pacific medical packaging films market is projected to grow at the highest CAGR during the forecast period.

In terms of value, the Asia Pacific medical packaging market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the market in this region is attributed to the population growth in various countries of the Asia Pacific, which has resulted in a large customer base for medical products and medical packaging solutions. This, in turn, is projected to drive the growth of the medical packaging film market in the Asia Pacific region. Other key factors such as rising industrialization, increasing disposable income of the middle-class population, conversion of single-use packaging into multi-use packaging solutions, and growing consumer awareness about reducing packaging waste are factors projected to drive the demand for medical packaging films in the Asia Pacific region during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the medical packaging films market.
  • By Company Type: Tier 1: 35%, Tier 2: 30%, and Tier 35%
  • By Designation: Director Level: 61%, Managerial Level: 39%
  • By Region: North America: 15%, Europe: 21%, Asia Pacific: 51%, Middle East & Africa: 8%, and
South America: 5%

The medical packaging films market comprises major manufacturers such as Amcor (Australia), Berry Global Group (US), DuPont (US), Weigao Group (China), PolyCine (Germany), Covestro AG (Germany), Glenroy (US) and 3M Company (US), Wipak Group, and Renolit SE (Germany).

Research Coverage

The market study covers the medical packaging films market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, material, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the medical packaging films market.

Key Benefits of Buying the Report

The report helps the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall medical packaging films market and its segments and subsegments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and adopt suitable go-to-market strategies. The report also aims at helping the stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
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

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*

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

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11.11 OTHER PLAYERS
  11.11.1 TORAY INDUSTRIES, INC.
  11.11.2 KLÖCKNER PENTAPLAST
  11.11.3 DUNMORE CORPORATION
  11.11.4 TEKRA CORPORATION
  11.11.5 COVERIS HOLDINGS S.A.

12 APPENDIX

12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS

LIST OF FIGURES

Figure 1 MEDICAL PACKAGING FILMS MARKET SEGMENTATION
Figure 2 MEDICAL PACKAGING FILMS MARKET, BY REGION
Figure 3 MEDICAL PACKAGING FILMS MARKET: RESEARCH DESIGN
Figure 4 BREAKDOWN OF PRIMARIES
Figure 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 7 MEDICAL PACKAGING FILMS MARKET: DATA TRIANGULATION
Figure 8 POLYETHYLENE TO BE THE LARGEST SEGMENT IN THE MEDICAL PACKAGING FILMS MARKET THROUGHOUT THE FORECAST PERIOD
Figure 9 MEDICAL PACKAGING FILMS MARKET, BY TYPE, IS ESTIMATED TO BE DOMINATED BY THE THERMOFORMABLE FILM SEGMENT IN 2018
Figure 10 BAGS SEGMENT LED THE MEDICAL PACKAGING FILMS MARKET IN 2017
Figure 11 ASIA PACIFIC DOMINATED THE MEDICAL PACKAGING FILMS MARKET IN 2017
Figure 12 INCREASING DEMAND FOR MEDICAL PACKAGING FILMS FROM END-USE INDUSTRIES TO DRIVE THE GLOBAL MEDICAL PACKAGING FILMS MARKET
Figure 13 GERMANY WAS THE LARGEST MARKET FOR MEDICAL PACKAGING FILMS IN EUROPE IN 2017
Figure 14 POLYPROPYLENE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 15 THERMOFORMABLE FILM TO LEAD THE MEDICAL PACKAGING FILMS MARKET THROUGH 2023
Figure 16 CHINA IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2018 TO 2023
Figure 17 FACTORS GOVERNING THE MEDICAL PACKAGING FILMS MARKET
Figure 18 PERCENTAGE DISTRIBUTION OF POPULATION AGED 65 AND OVER BY REGION: 2015 AND 2050
Figure 19 FLUCTUATIONS IN RAW MATERIAL PRICES, 2015–2016 (USD/BARREL)
Figure 20 MEDICAL PACKAGING FILMS MARKET SIZE, BY MATERIAL, 2018 VS. 2023 (USD BILLION)
Figure 21 THE THERMOFORMABLE FILM SEGMENT IS PROJECTED TO DOMINATE THE MEDICAL PACKAGING FILMS MARKET THROUGHOUT 2023
Figure 22 THE BAGS SEGMENT IS PROJECTED TO DOMINATE THE MEDICAL PACKAGING FILMS MARKET THROUGH 2023
Figure 23 GEOGRAPHIC SNAPSHOT: CHINA IS PROJECTED TO GROW AT THE HIGHEST RATE, IN TERMS OF VALUE
Figure 24 ASIA-PACIFIC: MEDICAL PACKAGING FILMS MARKET SNAPSHOT
Figure 25 AMCOR: COMPANY SNAPSHOT
Figure 26 BERRY GLOBAL GROUP: COMPANY SNAPSHOT
Figure 27 DUPONT: COMPANY SNAPSHOT
Figure 28 WEIGAO GROUP: COMPANY SNAPSHOT
Figure 29 COVESTRO AG: COMPANY SNAPSHOT
Figure 30 3M: COMPANY SNAPSHOT
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