The global Non-PVC IV Bags Market size is expected to reach
USD 2.29 billion by 2025, according to a new report by Grand View Research,
Inc. Globally, increasing demand for safer medical packaging and strict
regulations against usage of PVC are the key factors anticipated to boost the
demand for non-PVC alternatives. Extensive research and developments for novel
alternatives are expected to fuel the growth further.
As per the current market scenario, usage of non-PVC IV bags is
limited to fields such as chemotherapy and parenteral nutrition. With the
introduction of different types of alternatives such as ethylene vinyl acetate
and polypropylene, PVC packaging is anticipated to be replaced by non-PVC
alternatives. These materials can be used for specific purposes such as
cold/frozen storage and customized mixtures. The non-PVC packaging market is
expected to witness lucrative growth during the forecast period owing to the
versatility of applications.
Demand for non-PVC plastics is increasing in medical as well as
non-medical industries owing to stricter regulations against their usage since
their disposal can cause high level of pollution. The changing trend of using
non-PVC materials provides a huge scope for growth, thus attracting
manufacturers and investors to this market.
The demand for non-PVC IV bags is increasing in parenteral nutrition
services. They also have high demand for multichambered bags; as the
formulation differs from patient to patient. The scope for customized IV bags
providers is anticipated to increase with the development of personalized
therapeutic solutions.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/non-pvc-iv-bags-market
http://www.grandviewresearch.com/industry-analysis/non-pvc-iv-bags-market
Further key findings from the report suggest:
- Single
chamber bags dominated the market by capturing 64.6% of the total market
share in 2016. High usage in IV drips and other mixtures is a principal
factor that can be attributed to the large share.
- Ethylene
vinyl acetate captured the largest share in 2016 and this dominance is
expected to continue over the forecast period. Higher safety and utility
of its usage in frozen mixtures including in blood banks are expected to
have a high impact on the segment growth.
- The
demand for copolyester ether is expected to showcase highest growth during
the forecast period due to advantages such as transparency, durability,
and chemical resistance.
- North
America dominated the non-PVC IV bags market and is expected to dominate throughout
the forecast period. On the other hand, Asia Pacific is expected to
showcase fastest growth, fueled by factors such as emergence of a large
number of local players and increasing foreign direct investment.
- Key
players include ANGIPLAST PVT. LTD.; RENOLIT; Shanghai Xin Gen
Eco-Technologies Co., Ltd; PolyCine GmbH; Jiangxi Sanxin Medtec Co., Ltd.;
Kraton Corporation; Pfizer, Inc. (Hospira).; Baxter; and B. Braun
Melsungen AG
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