Medical Flexible Packaging Market

Medical Flexible Packaging Market by Materials (Plastics [Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate, Polyethylene, and Others], Paper, Aluminum, and Bioplastics), Products (Seals, High Barrier Films [Biaxially Oriented Polyethylene Terephthalate, Ethylene Vinyl Alcohol, Polyacrylonitrile, Silicon Oxide, Aluminum Oxide, Polyvinylidene Chloride, and Others], Wraps, Pouches & Bags, Lids & Labels, and Others), End-users (Pharmaceutical Manufacturing, Medical Device Manufacturing, Implant Manufacturing, Contract Packaging, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: MC-2243
  • Author: Growth Market Reports
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The global medical flexible packaging market size was valued at USD 15.13 billion in 2020 and is estimated to expand at a CAGR of 6.2% during the forecast period, 2021–2028. The growth of the market is attributed to the extension of the global pharmaceutical market and to upsurge of medical product expenditure.

Flexible medical packaging basically involves the use of plastics, paper, or aluminum for the packaging of medical drugs or products. For decades, the powders and solid items such as pills, or tablets are packed in flexible formats. The first headache powders were packed and sold in plastic or paper laminate sachets, this practice is still used. The aluminum foil strip was considered to be highly commercially successful for using to pack first aspirins. This type of packaging foil material is used extensively in today’s time in blister packaging lidding.

Medical Flexible Packaging Market Key Takeaways

Certain formats such as use foil on foil, which has the benefits of being less susceptible to damage. Medical devices such as simple syringes or highly advanced dosing mechanisms equipment are also packaged in flexible foils or bags to guard them from shocks as well as to maintain a moisture-free and sterile atmosphere. Flexible packaging has various benefits for pharmaceutical and medical storage and transportation. It prolongs and protects the shelf-life of products as well as requires less energy to manufacture and less shipping costs.

In the past decade, the use of medical disposable products has inclined considerably, which results to increase the demand for flexible medical packaging. Various medical products used in healthcare facilities such as needles, trays, thermometers, pre-filled syringes, and scalpels, are available as disposables. Disposable products offer certain advantages such as the sterility, convenience of usage, and safety. Single-use products are cheap and effective as they exclude the prerequisite to re-sterilize the products before using. The decline in risk of cross-contamination is another key advantageous factor of the disposable products.

The COVID-19 pandemic brought a tough tasks for businesses all around the globe. As the number of cases increases, the demand for medical products are also rising rapidly. Manufacturers of basic medical supplies to fight the infection are set to boost the market during the pandemic. These medical items include low-margin disposables such as masks, standard examination medical supplies, gloves, and wipes, along with personal protective equipment (PPE). Decreased production capacity due to the lockdowns and restrictions will impede the supply.

Market Trends, Drivers, Restraints, and Opportunities

  • Medical flexible packaging provides several benefits such as less space utilization during storage, shipment product protection and ease of shipment, decreased shipment, and warehousing costs. This is expected to boost the market growth.
  • Increasing population and rising disposable income of a large number of the global population along with expenditure on healthcare facilities are set to propel the growth of the market in the coming future.
  • Wide demand for flexible packaging in the pharmaceutical and medical sectors is boosting the market growth. These products offer low weight, variety, easy dumping, and the use of lesser raw materials.
  • Rising cases of infectious as well as chronic diseases and high demand for medical products prove to be great opportunities of the market growth during the forecast period.

Scope of Medical Flexible Packaging Market Report

The report on the global medical flexible packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Medical Flexible Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Materials (Plastics [Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate, Polyethylene, and Others], Paper, Aluminum, and Bioplastics), Products (Seals, High Barrier Films [Biaxially Oriented Polyethylene Terephthalate, Ethylene Vinyl Alcohol, Polyacrylonitrile, Silicon Oxide, Aluminum Oxide, Polyvinylidene Chloride, and Others], Wraps, Pouches & Bags, Lids & Labels, and Others), End-users (Pharmaceutical Manufacturing, Medical Device Manufacturing, Implant Manufacturing, Contract Packaging, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Bemis Company, Inc.; WestRock, Aptar, Inc.; Dätwyler Holding, Inc.; Becton, Dickinson & Company; Berry Global; Catalent Pharma Solutions; Coveris S.A.; Winpak Ltd.; Sealed Air; Amcor; Mondi; Huhtamäki Oyj; CCL Industries, Inc.; and Gerresheimer

Medical Flexible Packaging Market Segment Insights

Plastics segment is expected to dominate the market

Based on materials, the global medical flexible packaging market is segmented into aluminum, plastics, paper, and bioplastics. The plastics segment is further classified as polyethylene terephthalate, polypropylene, polyvinyl chloride, polyethylene, and others. The plastics segment registered more than 70.4% revenue share of the market in 2020 and is expected to dominate the market in the coming years.

This domination is due the presence of large variety of product available in the plastic segment as compared to the metal products. The modernization in extrusion technology as well as the existence of a various number of manufacturing facilities have upgraded the preference for plastics. Plastic is used to maintain the arrangement of packaging and also can be used to make the products waterproof by applying a thin layer of plastic.


The paper segment is expected to grow at a considerable pace during the forecast period due to the constant innovations in the paper industry and rapid growth in the development of eco-friendly paper. Additionally, the characteristics offered by paper materials are reliability, cleanliness, product safety, and ease of use. The introduction of paper with temperature resistance properties is estimated to propel the preference for paper-based products in the near future.

Pouches & bags segment is projected to expand at a robust CAGR

On the basis of products, the market is segregated into wraps, pouches & bags, seals, lids & labels, high barrier films, and others. The high barrier films segment is further divided into polyvinylidene chloride, polyacrylonitrile, ethylene vinyl alcohol (EVA), silicon oxide, biaxially oriented polyethylene terephthalate (BOPET), aluminum oxide, and others.

The pouches & bags segment is projected to expand at a robust CAGR during the forecast period. The segment accounted for more than 34.5% share of the global market revenue in 2020. Availability of various number of products and the advancement of special pouches & bags with high-barrier packaging are projected to boost the segment in the near future.


Meanwhile, the lids & labels segment is expected to grow at a substantial rate during the projected period owing to the use of lids & labels to prevent the devices or pharmaceutical products from tampering, contamination, and spoilage. Labeling is an essential part of packaging because of the regulations regarding the labeling of medical devices.

However, the high-barrier films segment is anticipated to register a high CAGR during the forecast period owing to wide use of the products to prevent the permeation of flavor, light, oxygen, gas, aroma, water vapor, oil, and water. They are manufactured by the use of ethylene vinyl alcohol, polyacrylonitrile, polyvinylidene chloride, and BOPET. The rising demand for metalized films using silicon and aluminum is anticipated to drive the segment in the near future.

Pharmaceutical manufacturing is a fast-growing segment

Based on end-users, the global medical flexible packaging market is divided into pharmaceutical manufacturing, medical device manufacturing, implant manufacturing, contract packaging, and others. The pharmaceutical manufacturing segment is a fast-growing section and is projected to exhibit a substantial growth rate during the projected period. In 2020, the segment represented 29% of the global market share in terms of revenue owing to the manufacturers’ choice of in-house packing facility.

The medical devices segment, however, is projected to show rapid growth during the projected period attributed to the rising demand for medical devices as an effect of the pandemic. The pandemic has impacted to increase the demand for various diagnostic devices and raise health expenditure. These factors lead to propel the market segment expansion.

Medical Flexible Packaging Market End Users

Asia Pacific is anticipated to constitute a major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to constitute a major market share due to the high population in the region along with increase in per capita income in the emerging economies such as India and China.

On the other hand, the market of North America is estimated to record significant growth in the coming years attributed to growing innovation, well developed economy, and high health expenditure in the region. The presence of key players such as Amcor and Bemis is anticipated to amplify the regional market growth during the projected period.

Segments

The global medical flexible packaging market has been segmented on the basis of

Materials

  • Plastics
    • Polyvinyl Chloride
    • Polypropylene
    • Polyethylene Terephthalate
    • Polyethylene
    • Others
  • Paper
  • Aluminum
  • Bioplastics

Products

  • Seals
  • High Barrier Films
    • Biaxially Oriented Polyethylene Terephthalate (BOPET)
    • Ethylene Vinyl Alcohol (EVA)
    • Polyacrylonitrile
    • Silicon Oxide
    • Aluminum Oxide
    • Polyvinylidene Chloride
    • Others
  • Wraps
  • Pouches & Bags
  • Lids & Labels
  • Others

End-users

  • Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • Implant Manufacturing
  • Contract Packaging
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Bemis Company, Inc.
  • WestRock
  • Aptar, Inc.
  • Datwyler Holding, Inc.
  • Becton
  • Dickinson & Company
  • Berry Global
  • Catalent Pharma Solutions
  • Coveris S.A.
  • Winpak Ltd.
  • Sealed Air
  • Amcor
  • Mondi
  • Huhtamäki Oyj
  • CCL Industries, Inc.
  • Gerresheimer

Competitive Landscape

Key players competing in the global medical flexible packaging market are Datwyler Holding, Inc.; Amcor; Bemis Company, Inc.; WestRock, Aptar, Inc.; Sealed Air; CCL Industries, Inc.; Becton, Dickinson & Company; Berry Global; Coveris S.A.; Winpak Ltd.; Mondi; Catalent Pharma Solutions; Huhtamäki Oyj; and Gerresheimer

Medical Flexible Packaging Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Flexible Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Medical Flexible Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Medical Flexible Packaging Market - Supply Chain
  4.5. Global Medical Flexible Packaging Market Forecast
     4.5.1. Medical Flexible Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Medical Flexible Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Medical Flexible Packaging Market Absolute $ Opportunity
5. Global Medical Flexible Packaging Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Medical Flexible Packaging Market Size and Volume Forecast by End Users
     5.3.1. Pharmaceutical Manufacturing Medical Device Manufacturing Implant Manufacturing Contract Packaging Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Medical Flexible Packaging Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Medical Flexible Packaging Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Medical Flexible Packaging Demand Share Forecast, 2019-2026
7. North America Medical Flexible Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Medical Flexible Packaging Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Medical Flexible Packaging Market Size and Volume Forecast by End Users
     7.4.1. Pharmaceutical Manufacturing Medical Device Manufacturing Implant Manufacturing Contract Packaging Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Medical Flexible Packaging Demand Share Forecast, 2019-2026
8. Latin America Medical Flexible Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Medical Flexible Packaging Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Medical Flexible Packaging Market Size and Volume Forecast by End Users
     8.4.1. Pharmaceutical Manufacturing Medical Device Manufacturing Implant Manufacturing Contract Packaging Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Medical Flexible Packaging Demand Share Forecast, 2019-2026
9. Europe Medical Flexible Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Medical Flexible Packaging Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Medical Flexible Packaging Market Size and Volume Forecast by End Users
     9.4.1. Pharmaceutical Manufacturing Medical Device Manufacturing Implant Manufacturing Contract Packaging Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Medical Flexible Packaging Demand Share Forecast, 2019-2026
10. Asia Pacific Medical Flexible Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Medical Flexible Packaging Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Medical Flexible Packaging Market Size and Volume Forecast by End Users
     10.4.1. Pharmaceutical Manufacturing Medical Device Manufacturing Implant Manufacturing Contract Packaging Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Medical Flexible Packaging Demand Share Forecast, 2019-2026
11. Middle East & Africa Medical Flexible Packaging Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Medical Flexible Packaging Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Medical Flexible Packaging Market Size and Volume Forecast by End Users
     11.4.1. Pharmaceutical Manufacturing Medical Device Manufacturing Implant Manufacturing Contract Packaging Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Medical Flexible Packaging Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Medical Flexible Packaging Market: Market Share Analysis
  12.2. Medical Flexible Packaging Distributors and Customers
  12.3. Medical Flexible Packaging Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Bemis Company, Inc. WestRock Aptar, Inc. Datwyler Holding, Inc. Becton Dickinson & Company  

The global medical flexible packaging market has been segmented on the basis of

Materials

  • Plastics
    • Polyvinyl Chloride
    • Polypropylene
    • Polyethylene Terephthalate
    • Polyethylene
    • Others
  • Paper
  • Aluminum
  • Bioplastics

Products

  • Seals
  • High Barrier Films
    • Biaxially Oriented Polyethylene Terephthalate (BOPET)
    • Ethylene Vinyl Alcohol (EVA)
    • Polyacrylonitrile
    • Silicon Oxide
    • Aluminum Oxide
    • Polyvinylidene Chloride
    • Others
  • Wraps
  • Pouches & Bags
  • Lids & Labels
  • Others

End-users

  • Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • Implant Manufacturing
  • Contract Packaging
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Bemis Company, Inc.
  • WestRock
  • Aptar, Inc.
  • Datwyler Holding, Inc.
  • Becton
  • Dickinson & Company
  • Berry Global
  • Catalent Pharma Solutions
  • Coveris S.A.
  • Winpak Ltd.
  • Sealed Air
  • Amcor
  • Mondi
  • Huhtamäki Oyj
  • CCL Industries, Inc.
  • Gerresheimer

Key players competing in the global medical flexible packaging market are Datwyler Holding, Inc.; Amcor; Bemis Company, Inc.; WestRock, Aptar, Inc.; Sealed Air; CCL Industries, Inc.; Becton, Dickinson & Company; Berry Global; Coveris S.A.; Winpak Ltd.; Mondi; Catalent Pharma Solutions; Huhtamäki Oyj; and Gerresheimer

Medical Flexible Packaging Market Key Players

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