Medical Packaging Films Market - Global Outlook & Forecast 2022-2027

List of Tables

The global medical packaging films market is expected to grow at a CAGR of 6.18% from 2021-2027.

The growing aging population, increasing demand for medical devices & pharmaceuticals, and demand for flexible and sustainable packaging propel the market growth. Medical packaging holds a vital role in protecting a medical or pharmaceutical product. This packaging ranges from pre-formed packages to customized packages for specialty parts. Medical packaging films are also used in the pharmaceutical packaging process. They provide a protection layer from extreme environmental conditions and other external factors until the product reaches the consumer from the main point of packaging of these products.

MARKET TRENDS & DRIVERS

Increasing Demand for Innovative Packaging Films

Several vendors have recently made several technological innovations in developing advanced medical packaging films. These innovations include cold-formed foils (alu-alu packs), the introduction of anti-counterfeiting features (holographic printing and multi-colored), child-resistant films, senior-friendly packaging films, and ultra-high barrier films. Alu-alu packs make it possible to eliminate water vapor permeability as well as oxygen and light ingress almost entirely.

For instance, India-based ACG offers a wide range of alu-alu packs, child-resistant films, senior-friendly films, and thermoformable films with an ultra-high barrier. Amcor, Berry Global, India-based Neelam Global, and Germany-based Schur Flexibles also offer a wide range of thermoformable films. Packaging companies always demand and provide these innovations in the market. These innovations will play a significant role in the future of the medical packaging film market.

Rising Demand for Flexible Packaging

The wide use of flexible packaging solutions in the pharmaceutical sector is driving growth in the global medical packaging films market. Flexible packaging offer multiple advantages, such as it readily takes the shape of the items to be packed, offers easy shipping and product protection, and generates low waste, coupled with shortening packaging weight by up to about 70%. Flexible packaging is beneficial, mainly for packaging single-use products. The packaging presents lessened chances of contamination as the products can be sterilized along with the packaging.

INDUSTRY RESTRAINTS

Volatility in Raw Material Prices

All the packaging trends come at a cost, which is quickly escalating. Rising volatile raw material and commodity prices are affecting every industry. Material suppliers struggle to profit; tier suppliers and OEMs are torn between raising prices and suffering cost increases. Raw materials procurement is under threat because of increasing trade restrictions during the COVID-19 pandemic owing to lockdown restrictions across the world; however, post-pandemic relaxation in the trade restrictions is expected to create a positive influence for key players in the market. However, fluctuations in raw material prices and stringent rules and regulations are the major restraining factor for the medical packaging films market growth and are expected to be the same during the forecast period. Various environmental regulations have been implemented in several European and Asian countries, thus impacting the market's growth.

SEGMENTATION INSIGHTS

INSIGHTS BY MATERIAL

The polyethylene segment holds the highest share of 28.09% in the global medical packaging films market. It is projected to grow at the highest CAGR of 6.60% during the forecast period. The growth can be attributable to its high flexibility, conformability, excellent chemical resistance, and a good barrier against moisture to prevent contamination in the product. Among PE, the most common materials used are HDPE and LDPE. LDPE is well known for being widely used in plastic bags because of its low density.

Polypropylene (PP) materials constituted 25.5% of the global medical packaging films market share in 2021. PP is a low-cost thermoplastic with high clarity, gloss, and enhanced tensile strength. It has a higher melting point than polyethylene, thus making it more suitable for applications requiring sterilization at high temperatures. Metalizing PP can improve gas barrier properties which is essential for extended product shelf life.

Segmentation By Material

Polyethylene
Polypropylene
Polyvinyl Chloride
Polyamide
Metal

INSIGHTS BY TYPE

The global medical packaging films market by type is segmented into thermoformable and high-barrier films. The thermoformable films segment accounted for the highest revenue share of 57.78% in 2021. The packaging industry has found productive results with the thermoforming film packaging process. They are ideal for packing consumable and non-consumable products for medical industries. The advantages of thermoformable films include product protection, cost-effectiveness, sustainability, fast turnaround, low waste, and more. Thermoforming is a financially efficient option due to the low costs of the materials. Thermoformed plastic products cost up to 15% less than plastic packaging made through injection molding. The process also has a quick turnaround time, which can save on labor costs.

Segmentation By Type

Thermoformable Films
High-Barrier Films

INSIGHTS BY APPLICATION

The global medical packaging films market is segmented into bags, tubes, and others under the application segment. In 2021, bags accounted for more than half of the medical packaging films market share. For manufacturing medical bags, the use of plastic films remains high, as they tend to enhance shelf life, reduce bacterial contamination, and make the bags resistant to breakage and shipment of plastic bags. The US-based Nelipak Healthcare Packaging, a global technology provider, provides innovative packaging solutions and complementary products and services and offers a wide range of rigid bag and flexible bag films, such as LLDPE bag films.

Segmentation By Application

Bags
Tubes
Others

INSIGHTS BY END-USER

The pharmaceutical companies segment accounted for the highest revenue share in the global medical packaging films market by end-user category. As the demand for pharmaceuticals continues to grow, the demand for packaging has grown significantly in the pharmaceutical industry. Pharmaceutical companies are highly focused on emerging markets and are developing pharmaceuticals for emerging markets, such as cell and gene therapy, 3D printed drugs and precision medicines. These are expected to create lucrative opportunities for medical packaging film manufacturers to develop innovative and advanced packaging.

Segmentation By End-User

Pharmaceutical Companies
Medical Devices Companies
Others

GEOGRAPHICAL ANALYSIS

In 2021, APAC accounted for the highest share of the global medical packaging films market, attributable to the growing demand for pharmaceuticals. APAC accounts for 30% of all global pharmaceutical spending, which will increase as the region's healthcare burden rises, especially for chronic disease treatment. APAC is the leading region with the highest aging population; increasing chronic diseases and growing healthcare spending are propelling the growth of the medical packaging films market in the region. Further, the rising flexible packaging attributed to the rising consumption of plastics in the medical industry is the major driving factor of the medical packaging films market. In China, the flexible packaging market is in high demand, majorly driven by rising plastic production. Several consumers are opting for convenient packaging solutions, resulting in the growth of the flexible packaging market.

Europe is the second largest pharmaceutical packaging market then, followed by North America, Latin America, and Middle East & Africa. Massive demand for recyclable plastics for pharmaceutical packaging contributes to the significant growth of the medical packaging films market in Europe, with the recycling volume of plastic packaging waste increasing sharply from 2009 to 2019 by 50% between 2009-2019 in the region.

Segmentation by Geography

APAC
- China
- India
- Japan
- South Korea
- Australia
Europe
- Germany
- Italy
- Spain
- France
- UK
North America
- US
- Canada
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Turkey
- South Africa
- South Arabia

VENDOR LANDSCAPE

The global medical packaging films market is highly dynamic and competitive, with several international, regional, and local vendors offering a diverse and comprehensive range of medical packaging films with wide applications. Technological innovations, including child-resistant films, senior-friendly films, high-barrier films such as alu-alu packs or aluminum cold-forming blister foils, thermoforming films, specialty films, unit-dose packaging films, and eco-friendly or bioplastic films are trending in the market. ACG and adapa Group (formerly Schur Flexibles) companies provide a wide range of thermoforming films that provide the highest barrier against oxygen and moisture. Specialty Films company offers Maskit Thermoformable Protective Film that can withstand high temperatures up to 190° C and is also easy to peel off, resealable and 100% recyclable, and eco-friendly. Anti-counterfeiting features in the films are also trending to protect and keep track of the product.

Recent Mergers And Acquisitions In The Global Medical Packaging Films Market

In 2019, Amcor invested around USD 11 million for cast films in Bristol, UK, as its next generation of medical device packaging, a new Advanced Cast Extrusion Technology.
In July 2021, Pregis, a global provider of innovative protective packaging materials, invested about USD 80 million in a new blown film extrusion facility to produce the latest engineered films to manufacture medical device packaging solutions.

Key Vendors

Berry Global
Amcor
AptarGroup
Sealed Air

Other Prominent Vendors

3M
ACG
adapa Group
Avient
AVI Global Plast
CCL Industries
CellBios Healthcare & Lifesciences
Covestro
Coveris
DuPont
Glenroy
Honeywell International
Liveo Research
Meghmani Group
Neelam Global
Novolex
Profol
POLYCINE
Printpack
RENOLIT
Speciality Polyfilms
Super Olefins
Tekniplex
West Pharmaceutical Services
Wihuri Group

KEY QUESTIONS ANSWERED

1. How big is the medical packaging films market?
2. What is the growth rate of the global medical packaging films market?
3. What is the projected global medical packaging films market by 2027?
4. What are some significant trends in the medical packaging films market?
5. Which region dominates the global medical packaging films market?
6. Who are the global medical packaging films market's key players?

Product Code: ARZ221211

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY MATERIAL
- 4.3.2 MARKET SEGMENTATION BY TYPE
- 4.3.3 MARKET SEGMENTATION BY APPLICATION
- 4.3.4 MARKET SEGMENTATION BY END-USER
- 4.3.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 OVERVIEW

8 PREMIUM INSIGHTS

8.1 MARKET SCENARIO

9 MARKET OPPORTUNITIES & TRENDS

9.1 RISING FOCUS ON ECO-FRIENDLY PACKAGING
9.2 GROWING POPULARITY OF BI-AXIALLY ORIENTED POLYPROPYLENE FILMS
9.3 INCREASING DEMAND FOR INNOVATIVE PACKING FILMS

10 MARKET GROWTH ENABLERS

10.1 RISING DEMAND FOR FLEXIBLE PACKAGING
10.2 GROWING DEMAND FOR PHARMACEUTICALS AND MEDICAL DEVICES
10.3 INCREASING INORGANIC VENDOR ACTIVITIES

11 MARKET RESTRAINTS

11.1 VOLATILITY IN RAW MATERIAL PRICES
11.2 COMPLIANCE WITH ENVIRONMENTAL REGULATIONS FOR DISPOSAL & RECYCLING
11.3 HOME DELIVERY OF MEDICINES BESET WITH SEVERAL CHALLENGES

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
- 12.2.1 INSIGHTS BY MATERIAL
- 12.2.2 INSIGHTS BY TYPE
- 12.2.3 INSIGHTS BY APPLICATION
- 12.2.4 INSIGHTS BY END-USER
- 12.2.5 INSIGHTS BY GEOGRAPHY
12.3 FIVE FORCES ANALYSIS
- 12.3.1 THREAT OF NEW ENTRANTS
- 12.3.2 BARGAINING POWER OF SUPPLIERS
- 12.3.3 BARGAINING POWER OF BUYERS
- 12.3.4 THREAT OF SUBSTITUTES
- 12.3.5 COMPETITIVE RIVALRY

13 MATERIAL

13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 POLYETHYLENE
- 13.3.1 MARKET OVERVIEW
- 13.3.2 MARKET SIZE & FORECAST
- 13.3.3 MARKET BY GEOGRAPHY
13.4 POLYPROPYLENE
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 MARKET BY GEOGRAPHY
13.5 POLYVINYL CHLORIDE
- 13.5.1 MARKET OVERVIEW
- 13.5.2 MARKET SIZE & FORECAST
- 13.5.3 MARKET BY GEOGRAPHY
13.6 POLYAMIDE
- 13.6.1 MARKET OVERVIEW
- 13.6.2 MARKET SIZE & FORECAST
- 13.6.3 MARKET BY GEOGRAPHY
13.7 METAL
- 13.7.1 MARKET OVERVIEW
- 13.7.2 MARKET SIZE & FORECAST
- 13.7.3 MARKET BY GEOGRAPHY

14 TYPE

14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 THERMOFORMABLE FILMS
- 14.3.1 MARKET OVERVIEW
- 14.3.2 MARKET SIZE & FORECAST
- 14.3.3 MARKET BY GEOGRAPHY
14.4 HIGH-BARRIER FILMS
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 MARKET BY GEOGRAPHY

15 APPLICATION

15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 BAGS
- 15.3.1 MARKET OVERVIEW
- 15.3.2 MARKET SIZE & FORECAST
- 15.3.3 MARKET BY GEOGRAPHY
15.4 TUBES
- 15.4.1 MARKET OVERVIEW
- 15.4.2 MARKET SIZE & FORECAST
- 15.4.3 MARKET BY GEOGRAPHY
15.5 OTHERS
- 15.5.1 MARKET OVERVIEW
- 15.5.2 MARKET SIZE & FORECAST
- 15.5.3 MARKET BY GEOGRAPHY

16 END-USER

16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 PHARMACEUTICAL COMPANIES
- 16.3.1 MARKET OVERVIEW
- 16.3.2 MARKET SIZE & FORECAST
- 16.3.3 MARKET BY GEOGRAPHY
16.4 MEDICAL DEVICE COMPANIES
- 16.4.1 MARKET OVERVIEW
- 16.4.2 MARKET SIZE & FORECAST
- 16.4.3 MARKET BY GEOGRAPHY
16.5 OTHERS
- 16.5.1 MARKET OVERVIEW
- 16.5.2 MARKET SIZE & FORECAST
- 16.5.3 MARKET BY GEOGRAPHY

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 GEOGRAPHIC OVERVIEW

18 APAC

18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 APAC: MATERIAL
18.4 APAC: TYPE
18.5 APAC: APPLICATION
18.6 APAC: END-USER
18.7 KEY COUNTRIES
- 18.7.1 CHINA: MARKET SIZE & FORECAST
- 18.7.2 INDIA: MARKET SIZE & FORECAST
- 18.7.3 JAPAN: MARKET SIZE & FORECAST
- 18.7.4 SOUTH KOREA: MARKET SIZE & FORECAST
- 18.7.5 AUSTRALIA: MARKET SIZE & FORECAST

19 EUROPE

19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 EUROPE: MATERIAL
19.4 EUROPE: TYPE
19.5 EUROPE: APPLICATION
19.6 EUROPE: END-USER
19.7 KEY COUNTRIES
- 19.7.1 GERMANY: MARKET SIZE & FORECAST
- 19.7.2 FRANCE: MARKET SIZE & FORECAST
- 19.7.3 UK: MARKET SIZE & FORECAST
- 19.7.4 SPAIN: MARKET SIZE & FORECAST
- 19.7.5 ITALY: MARKET SIZE & FORECAST

20 NORTH AMERICA

20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 NORTH AMERICA: MATERIAL
20.4 NORTH AMERICA: TYPE
20.5 NORTH AMERICA: APPLICATION
20.6 NORTH AMERICA: END-USER
20.7 KEY COUNTRIES
- 20.7.1 US: MARKET SIZE & FORECAST
- 20.7.2 CANADA: MARKET SIZE & FORECAST

21 LATIN AMERICA

21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 LATIN AMERICA: MATERIAL
21.4 LATIN AMERICA: TYPE
21.5 LATIN AMERICA: APPLICATION
21.6 LATIN AMERICA: END-USER
21.7 KEY COUNTRIES
- 21.7.1 BRAZIL: MARKET SIZE & FORECAST
- 21.7.2 MEXICO: MARKET SIZE & FORECAST
- 21.7.3 ARGENTINA: MARKET SIZE & FORECAST

22 MIDDLE EAST & AFRICA

22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 MIDDLE EAST & AFRICA: MATERIAL
22.4 MIDDLE EAST & AFRICA: TYPE
22.5 MIDDLE EAST & AFRICA: APPLICATION
22.6 MIDDLE EAST & AFRICA: END-USER
22.7 KEY COUNTRIES
- 22.7.1 TURKEY: MARKET SIZE & FORECAST
- 22.7.2 SAUDI ARABIA: MARKET SIZE & FORECAST
- 22.7.3 SOUTH AFRICA: MARKET SIZE & FORECAST

23 COMPETITIVE LANDSCAPE

23.1 COMPETITION OVERVIEW
23.2 MARKET SHARE ANALYSIS
- 23.2.1 BERRY GLOBAL
- 23.2.2 AMCOR
- 23.2.3 APTARGROUP
- 23.2.4 SEALED AIR

24 KEY COMPANY PROFILES

24.1 BERRY GLOBAL
- 24.1.1 BUSINESS OVERVIEW
- 24.1.2 PRODUCT OFFERINGS
- 24.1.3 KEY STRATEGIES
- 24.1.4 KEY STRENGTHS
- 24.1.5 KEY OPPORTUNITIES
24.2 AMCOR
- 24.2.1 BUSINESS OVERVIEW
- 24.2.2 PRODUCT OFFERINGS
- 24.2.3 KEY STRATEGIES
- 24.2.4 KEY STRENGTHS
- 24.2.5 KEY OPPORTUNITIES
24.3 APTARGROUP
- 24.3.1 BUSINESS OVERVIEW
- 24.3.2 PRODUCT OFFERINGS
- 24.3.3 KEY STRATEGIES
- 24.3.4 KEY STRENGTHS
- 24.3.5 KEY OPPORTUNITIES
24.4 SEALED AIR
- 24.4.1 BUSINESS OVERVIEW
- 24.4.2 PRODUCT OFFERINGS
- 24.4.3 KEY STRATEGIES
- 24.4.4 KEY STRENGTHS
- 24.4.5 KEY OPPORTUNITIES

25 OTHER PROMINENT VENDORS

25.1 3M
- 25.1.1 BUSINESS OVERVIEW
- 25.1.2 PRODUCT OFFERINGS
25.2 ACG
- 25.2.1 BUSINESS OVERVIEW
- 25.2.2 PRODUCT OFFERINGS
25.3 ADAPA GROUP
- 25.3.1 BUSINESS OVERVIEW
- 25.3.2 PRODUCT OFFERINGS
25.4 AVIENT
- 25.4.1 BUSINESS OVERVIEW
- 25.4.2 PRODUCT OFFERINGS
25.5 AVI GLOBAL PLAST
- 25.5.1 BUSINESS OVERVIEW
- 25.5.2 PRODUCT OFFERINGS
25.6 CCL INDUSTRIES
- 25.6.1 BUSINESS OVERVIEW
- 25.6.2 PRODUCT OFFERINGS
25.7 CELLBIOS HEALTHCARE & LIFESCIENCES
- 25.7.1 BUSINESS OVERVIEW
- 25.7.2 PRODUCT OFFERINGS
25.8 COVESTRO
- 25.8.1 BUSINESS OVERVIEW
- 25.8.2 PRODUCT OFFERINGS
25.9 COVERIS
- 25.9.1 BUSINESS OVERVIEW
- 25.9.2 PRODUCT OFFERINGS
25.10 DUPONT
- 25.10.1 BUSINESS OVERVIEW
- 25.10.2 PRODUCT OFFERINGS
25.11 GLENROY
- 25.11.1 BUSINESS OVERVIEW
- 25.11.2 PRODUCT OFFERINGS
25.12 HONEYWELL INTERNATIONAL
- 25.12.1 BUSINESS OVERVIEW
- 25.12.2 PRODUCT OFFERINGS
25.13 LIVEO RESEARCH
- 25.13.1 BUSINESS OVERVIEW
- 25.13.2 PRODUCT OFFERINGS
25.14 MEGHMANI GROUP
- 25.14.1 BUSINESS OVERVIEW
- 25.14.2 PRODUCT OFFERINGS
25.15 NEELAM GLOBAL
- 25.15.1 BUSINESS OVERVIEW
- 25.15.2 PRODUCT OFFERINGS
25.16 NOVOLEX
- 25.16.1 BUSINESS OVERVIEW
- 25.16.2 PRODUCT OFFERINGS
25.17 PROFOL
- 25.17.1 BUSINESS OVERVIEW
- 25.17.2 PRODUCT OFFERINGS
25.18 POLYCINE
- 25.18.1 BUSINESS OVERVIEW
- 25.18.2 PRODUCT OFFERINGS
25.19 PRINTPACK
- 25.19.1 BUSINESS OVERVIEW
- 25.19.2 PRODUCT OFFERINGS
25.20 RENOLIT
- 25.20.1 BUSINESS OVERVIEW
- 25.20.2 PRODUCT OFFERINGS
25.21 SPECIALTY POLYFILMS
- 25.21.1 BUSINESS OVERVIEW
- 25.21.2 PRODUCT OFFERINGS
25.22 SUPER OLEFINS
- 25.22.1 BUSINESS OVERVIEW
- 25.22.2 PRODUCT OFFERINGS
25.23 TEKNIPLEX
- 25.23.1 BUSINESS OVERVIEW
- 25.23.2 PRODUCT OFFERINGS
25.24 WEST PHARMACEUTICAL SERVICES
- 25.24.1 BUSINESS OVERVIEW
- 25.24.2 PRODUCT OFFERINGS
25.25 WIHURI GROUP
- 25.25.1 BUSINESS OVERVIEW
- 25.25.2 PRODUCT OFFERINGS

26 REPORT SUMMARY

26.1 KEY TAKEAWAYS
26.2 STRATEGIC RECOMMENDATIONS

27 QUANTITATIVE SUMMARY

27.1 MARKET BY GEOGRAPHY
27.2 MARKET BY MATERIAL
27.3 MARKET BY TYPE
27.4 MARKET BY APPLICATION
27.5 MARKET BY END-USER
27.6 APAC BY MATERIAL
27.7 APAC BY TYPE
27.8 APAC BY APPLICATION
27.9 APAC BY END-USER
27.10 EUROPE BY MATERIAL
27.11 EUROPE BY TYPE
27.12 EUROPE BY APPLICATION
27.13 EUROPE BY END-USER
27.14 NORTH AMERICA BY MATERIAL
27.15 NORTH AMERICA BY TYPE
27.16 NORTH AMERICA BY APPLICATION
27.17 NORTH AMERICA BY END-USER
27.18 LATIN AMERICA BY MATERIAL
27.19 LATIN AMERICA BY TYPE
27.20 LATIN AMERICA BY APPLICATION
27.21 LATIN AMERICA BY END-USER
27.22 MIDDLE EAST & AFRICA BY MATERIAL
27.23 MIDDLE EAST & AFRICA BY TYPE
27.24 MIDDLE EAST & AFRICA BY APPLICATION
27.25 MIDDLE EAST & AFRICA BY END-USER

28 APPENDIX

28.1 ABBREVIATIONS