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Europe Medical Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, Type, and Application

Europe Medical Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, Type, and Application

  • July 2021
  • 157 pages
  • ID: 6134294
  • Format: PDF
  • The Insight Partners


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The Europe medical packaging market is expected to grow from US$ 25,583.62 million in 2021 to US$ 38,218.65 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

The European medical packaging market is divided into Germany, the UK, France, Italy, Spain, and rest of Europe.The region holds a significant market share in the Europe medical packaging market.

The market growth is attributed due to the presence of various domestic players across the countries.Also, outbreak of new diseases, growth in regulatory norms, and growth in advanced healthcare systems will offer lucrative opportunities in the review period.

The projected growth of the medical packaging market in the region is attributed to the increasing pharmaceutical product manufacturing, rising adoption of advance medical packing technologies by the medical device manufactures is anticipated to fuel growth of the market during the forecast period.With the emergence of varied industrial revolutions, commercialization, and an extensive rise in the population numbers, the demand for plastics has seen an uptick.

The utilization of plastic packaging has multiplied considerably over the years in European countries. The rising disposable income, rapid urbanization levels, and intense industrialization have led to an increase in the demand for plastic packaging in Europe. All these factors will boost the growth prospects of the market in the review period. Over the period last few years, the packaging sector in the region is experiencing a great deal of transformation with the industry’ changing focus towards personalized approaches with development of platforms such as IoMT, genomics, and other connected medical devices, localized production of customized medicines added with the increase in the number of SMEs entering the market, increasing demand for cannabis-based medicinal products and diversification of the innovators.

In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of medical packaging manufacturing activities.Downfall of other healthcare products manufacturing sectors has negatively impacted the demand for medical packaging during the early months of 2020.

Moreover, decline in the overall packaging materials manufacturing activities has led to discontinuation of medical packaging manufacturing projects, thereby reducing the demand for medical packaging. Similar trend was witnessed in other Europe countries, i.e., Russia, the UK, Italy, Spain, and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

Based on material, the market is segmented into polymer, foam, molded-fiber, non-woven fabric, films, paper & paperboard, and others.The paper & paperboard segment is expected to grow at the fastest CAGR during the forecasted period.

Product safe is among the primary objectives of the secondary packing material.The paper and paper board is used to make the cartons and shipping box.

As per the American Forest & Paper Association, the paperboard is a compact, paper-based material used for packaging.Owing to the different characteristics of papers, it is suitable for various requirements and needs packing materials.

Paperboard is used to fold into cartons for delicate items such as cosmetics, tablet strips, bulb packing, and other healthcare-related products. The segment is expected to contribute to the leading share in the Europe markets in the forecast period.

The overall Europe medical packaging market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe medical packaging market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe medical packaging market. A few of the key companies operating in the market are Amcor Plc.; DuPont de Nemours, Inc.; Mitsubishi Chemical Corporation; SGD Pharma; 3M; West Pharmaceutical Services, Inc.; Avery Dennison Corporation; Sonoco Products Company; CCL Industries Inc. and WestRock Company.

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