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Medical Packaging Market by Material, Packaging Type, Application, Packing Type, and Region - Forecast to 2022

Medical Packaging Market: Forecast until 2022

  • July 2017
  • 151 pages
  • ID: 5028013
In this report:
According to the Packaging Machinery Manufacturers Institute (PMMI), the import of packaging machinery increased by at least ##% in 2013 as compared to 2012, generating more demand from the medical packaging industry.
According to the Office for National Statistics (ONS), healthcare expenditure by both, public and private sectors increased by ##.##% from 2012, to reach USD ##.## billion in 2013.


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"Medical packaging market intended to grow at a compound annual growth rate (CAGR) of ~6.3 percent"

The medical packaging market is projected grow from ~$35.3B in 2016 to ~$50.5B by 2022, at a CAGR of ~6.3 percent from 2017. The medical packaging market has been increasing as a result of changes in lifestyle, growth in disposal income, and advancements in medical technology. The cost-effectiveness of medical packaging and emphasis on modern technologies in the packaging market have prompted a increase in demand for medical packaging. Fluctuations in the prices of raw material have resulted in an unfavorable impact on the profitability of the medical packaging sector.

Environmental issues and fluctuations in oil and resin prices have added to the cost pressure on raw material providers of medical packaging. The source of the price growth includes rise in crude oil prices caused by the numerous geopolitical problems, additionally to stringent environmental regulations and some shortage in supply.

"Polymer segment forecasted to grow at the maximal compound annual growth rate (CAGR) during the outlook period"

Polymer material is used for manufacturing disposable syringes, bags & pouches, and blood bags. This industry segment, by material, is forecasted to have the highest CAGR (Compound annual growth rate) during the estimate period. This industry segment is attesting high increase due to a variety of reasons including recyclability, profitability, and its ease of usability.

"North America (NA) anticipated to have the biggest market share in 2016; Asia Pacific (APAC) is forecasted to witness quickest rise during the outlook period"

North America continent recorded for the biggest market in 2016. The reasons for its dominance in the overall medical packaging market are high technological development, high disposable income, excellent healthcare & medical facilities, and strict FDA regulations. The Asia Pacific (APAC) area is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period due to a variety of reason including growing population, increasing economy, and growing demand for better healthcare infrastructure and facilities.

Breakdown of Primaries

By Company Type: Tier 1 - 45.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 25.0 percent

By Designation: C-Level - 75.0 percent and Manager Level - 25.0 percent

By area: Europe - 30.0 percent, North america (NA) - 25.0 percent, Asia-Pacific - 20.0 percent, South America - 15.0 percent, and Middle East & Africa - 10.0 percent

Note: The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2016.

Tier n1: Revenue > $500.0M; Tier 2: $100.0M < Revenue < $500.0M; Tier 3: Revenue < $100.0M

The overall market for medical packaging is leaded by, is monopolized by big players including Avery Dennison Corporation, 3M Company (NYSE:MMM), E. I. du Pont de Nemours and Organization, CCL Sectors, Incorporated, Amcor Limited, Constantia Flexibles Group GmbH, Bemis Company, Sonoco Products Company, and WestRock Company.

Segment Research

The primary objective of the study is to define, segment, and project the size of the overall medical packaging market based on material, packaging, application, and area. The report aims at strategically analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the total market. It also offers exhaustive information about the main factors influencing the increase of the market (drivers, industry restraints, possibilities, and market-specific challenges). Moreover to this, the market research examines competitive developments including mergers & acquisitions, business growths, latest product launches, and analysis & growth activities in the medical packaging market.

Why acquiring this study can help you

This study will help the industry leaders (and new entrants) in the following aspects:

• This document breaks down the medical packaging market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

• The report benefits partners to comprehend the sector and offers them information on main market drivers, market restraints, alternatives, and opportunities.

• this business report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector. The competitive outlook section includes mergers & acquisitions, business developments, and recent product launches.

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