Medical Packaging Market Size, Share, Growth, Trend Analysis, Opportunities, Landscape, Segmentation and Forecast to 2028

The Medical Packaging Market was valued at US$ 169,183.91 million by 2028 from US$ 109,238.35 million in 2021; it is expected to grow at a CAGR of 6.4% from 2021 to 2028.

Factors such as increased emphasis on convenience and environmental issues and rise in demand for counterfeit prevention mechanisms are driving the medical packaging market. However, fluctuations in prices of raw materials are expected to restrict the market growth to a certain extent during the forecast period.

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Analysis of the Top Market Players:

1. Amcor plc
2. DuPont de Nemours, Inc.
3. Mitsubishi Chemical Corporation
4. SGD Pharma
5. 3M
6. West Pharmaceutical Services, Inc
7. Avery Dennison Corporation
8. Sonoco Products Company
9. CCL Industries Inc.
10. WestRock Company

In this report, the market has been segmented on the basis of:

Material: Polymer, Foam, Molded-Fiber, Non-woven Fabric, Plastic, Films, Paper & Paperboard, and Others)
Type (Containers, Pouches, Trays, Blister Packets, Vials, and Others)
Application (Medical devices, Pharmaceutical and Biotechnology, Medical Equipment & Tools, and Others) and Geography

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Medical packaging is essential in sustaining product quality and encouraging safe and effective use. Packaging is done for the safety of medical products for storage, distribution, sale, and use. The material used for packaging is a sterile barrier system that safeguards the drugs, equipment, and other medical products. Also, the medical packaging requires a high quality of sterility to ensure that the product is free from contamination. These medical packaging systems increase patient safety and enhance packaging performance.

The global medical packaging market is segmented based on type, material, and application. Based on type, the medical packaging market is categorized into containers, pouches, trays, blister packets, vials, and others. In 2021, the containers segment held the largest share of the market, by type. The blister packets segment is estimated to grow at a significant CAGR during the forecast period, owing to increasing product developments and product launches. Based on material, the medical packaging market is segmented into polymer, foam, molded-fiber, non-woven fabric, films, paper & paperboard, and others.

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