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Packaging is one of the surging industries in the world. Almost all the products that are sold come in sorts of packaging that include plastic, paper and even metal packaging depending upon the product. Healthcare products and devices are susceptible to damage, biological contamination and can easily be disturbed by external factors. Healthcare packaging materials includes seals, bottles, caps, labels, ampules, tubes, and others that are directly in contact of the healthcare devices and substances while another type of healthcare packaging includes cartons, boxes, corrugated papers, and boards. Increasing awareness in consumer and increasing expenditure on healthcare is likely to boost the market.
The increasing demand from healthcare and medical sector for packaging of the highly susceptible medical devices and products shall foster the market growth. The healthcare and pharmaceutical products need barriers from contamination and damage. The increasing geriatric populations along with the increasing prevalence of different chronic diseases is increasing demand for medical devices substantially increasing the healthcare flexible packaging market. moreover, exceptional properties of flexible packaging materials like cost-effectiveness, high adaptability, and availability in various sizes and shapes is boosting the market growth.
Key Market Driver -
Increasing demand from packaging industry.
Key Market Restraint -
Disposability of plastics.
However, the blister packaging of materials contains aluminum sheets and plastic that often gets converted in microplastic which cannot be recycled. Thus, the growth of the Healthcare Flexible packaging market is expected to limit due to the disposability issue of certain materials like plastics and aluminum foils.
Based on material, the market is segmented into plastic, paper, and aluminum. Based on product, the market is segmented into seals, high barrier films, pouches & bags, lids & labels, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global healthcare flexible packaging market is fragmented and consists of global & regional players. Some of the key players operating in the market are Amcor Plc, Mondi Plc, Coveris Holdings S.A, Datwyler Holdings, Aptar Group, Inc., Constantia Flexibles Group Gmbh, Berry Global, Inc., Ccl Industries Inc., Westrock Company, Honeywell International, Catalent, Inc., Huhtamaki Oyj, Winpak Ltd., Reynolds Group Holdings, Becton Dickinson & Company, Sealed Air Corporation and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America hold the largest share in the healthcare flexible packaging market attributed to the advanced healthcare and medical sector. However, Asia Pacific is anticipated to show significant growth during the forecast timeframe due to the high demand from China and India. Additionally, the highly growing packaging industry in the region is estimated to create a positive impact on the Asia Pacific market. Europe is estimated to show significant growth attributed to the increasing expenditure of the government on healthcare sectors for new and advanced devices and instruments. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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