The global Medical Flexible Packaging Market is
expected to reach USD 34.62 billion by 2025, according to a new report by Grand
View Research, Inc. The growing demand for medical devices and implants coupled
with innovation in packaging materials is driving the demand for these
products.
Flexible packaging provides many advantages as it is
lightweight, has increased shelf life, and consumes less amount of material.
Medical flexible packaging products are expected to experience increased demand
over the forecast period owing to the presence of a wide variety of offerings
that cater to specific purposes. The development of eco-friendly high strength
paper is expected to further augment the market demand.
North America was the largest regional market in 2016
backed by the thriving medical device and implant manufacturing industries. The
presence of advanced medical device manufacturers with specialized packaging
needs is expected to drive the demand for these products. The improving
economic outlook and growing innovation on barrier materials are expected to
have a positive impact on the consumption in North America. The presence of
major companies such as Amcor and Bemis is expected to further boost the
consumption over the forecast period.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/medical-flexible-packaging-market
http://www.grandviewresearch.com/industry-analysis/medical-flexible-packaging-market
Further key findings from the report
suggests:
- The aluminum material segment is projected to grow
at a CAGR of 6.1% from 2017 to 2025 owing to the need for special packaging
products
- High barrier films are the fastest-growing product
segment and expected to reach USD 7.72 billion by 2025 due to the growing
popularity of high-performance laminates
- Medical device manufacturing is the largest end-use
segment and accounted for over 31% of market share in 2016
- The Middle East & Africa region is expected to
grow at a CAGR of 4.8% from 2017 to 2025 backed by the growing demand for
low-cost medical devices
- Various strategies adopted by industry players
include mergers & acquisitions, new product developments, and regional
expansions
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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