Los Angeles, CA -- (SBWIRE) -- 08/16/2019 -- The demand for medical flexible packaging is foreseen to increase on the back of its high adoption due to a number of advantages such as product protection, easy shipping, and low wastage. The rise of the medical device and pharmaceutical industries is expected to further push the demand for medical flexible packaging. Vendors are anticipated to consider acquisition as a strategy for expanding their product portfolios. In April 2019, Tekni-Plex, a US provider of medical tubing and packaging for medical devices, signed the acquisition of three flexible packaging manufacturing facilities of Amcor, an Australia-based global packaging company.
Players to Leverage Regional Presence to Increase Market Growth
The global medical flexible packaging market is foretold to witness the presence of a significant number of players with strong regional influence. The report covers major players such as Amcor Limited, Mondi Group Plc, Bemis Company, Inc., Huhtamaki Oyj, and Sealed Air Corporation. It also sheds light on emerging companies including Constantia Flexibles Group GmbH, Dätwyler Holdings, Becton Dickinson and Company, AptarGroup, Inc., Catalent, Inc., Reynolds Group Holdings, Coveris Holdings S.A., Sonoco Products Company, and Berry Group, Inc.
Medical Flexible Packaging Helps to Maintain Hygiene of Medical Devices
The need to maintain the hygiene value of medical devices is predicted to increase the requirement of medical flexible packaging. Medical device and pharmaceutical manufacturers use medical flexible packaging to reduce the weight of products and avoid their damage. Furthermore, medical flexible packaging is used as a means of attracting consumers, effectively managing the supply chain, and increasing the efficiency of the transportation of products in the medical device and pharmaceutical industries.
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Market Segmentations
By Material Type
? Polyvinyl Chloride
? Polypropylene
? Polyethylene Terephthalate
? Polyethylene
? Paper
? Aluminum
? Others
By Product
? Seals
? Wraps
? Lids and Labels
? Others
According to researchers, plastic materials such as polyethylene, polyethylene terephthalate, polypropylene, and polyvinyl chloride are projected to rank higher in the global medical flexible packaging market in terms of market share and consumption. Contrastingly, aluminum is expected to show slow market growth in the coming years.
By Region
In the past, North America accounted for a substantial share of the global medical flexible packaging market in terms of consumption. However, analysts expect Asia Pacific to take the lead in the global market in the near future. This could be due to the rise of the healthcare industry in the emerging region.
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