Published on : Dec 07, 2018
Albany, New York, December 7, 2018: Significant advancement in healthcare sector to improve life expectancy has manifested lucrative growth triggers in medical packaging films market. Also, spike in disposable income, coupled with technological innovations such as super barrier-coated films are likely to further spearhead growth. Holistic growth in healthcare vertical, particularly in developing economies is expected to influence significant advancements in medical packaging in forthcoming years.
Additionally, significant upsurge in adoption of medical devices to offset physical challenges is accounted as a major growth initiator in medical packaging films market. Such vital market insights have been etched in Market Research Hub‘s (MRH) latest business intelligence report titled, ‘Medical Packaging Films Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026’ recently added to its voluminous online database.
Superior Barrier and User-Friendly Attributes Remain Prime amongst Lead Vendors
Owing to stringent FDA norms and regulations pertaining safe medical packaging, leading providers in medical packaging films market are keen on introducing novel features to retain optimum functionality. Features such as superior gas, moisture, and microbial barriers are some of the most sought after attributes new end-users seek. Additionally, manufacturers are also including other key features such as puncture resistance and sterilization potency to abide by health standards.
Market vendors are diverting substantial investments towards attaining apt sterilized packaging material by adopting state of the art sterilization methods such as radiation to eliminate contamination, besides integrating anti-corrosion properties in medical packaging films to ensure durability.
Amcor Unrolls Novel Polylnert Laminates Medical Packaging Films, Ensures Sterilization
To remain consolidated amidst stiff competitive landscape in medical packaging films market, leading market contributor Amcor has recently unrolled a new packaging format, polylnert laminates that offer stick-pack packaging flexibility for reactive pharmaceutical contents. This laminate is expected to offer excessive barrier features that eliminate interaction with active pharmaceutical contents thus eliminating all forms of contamination. The development is expected to pave novel growth avenues for medical packaging films market, besides securing a lucrative position for Amcor amidst fierce competition.
In the trailing sections of this research report on medical packaging films market, readers are presented with elaborate understanding on market dynamics, definition, and prevailing segments that leverage growth. Dominant segments identified in medical packaging films market include, material type, product type, application type, and end-user applications. Based on type, medical packaging films market is splintered into plastic aluminum, and oxides. Plastic is sub-segregated into polyethylene, polypropylene, polystyrene, and polyamide amongst others. On the basis of material type, medical packaging films market exhibits high barrier films, co-extruded films, and formable films. In terms of application, medical packaging films market is splintered into blister packs, bags and pouches, lidding, sachets, and tubes. Pharmaceutical and medical device are dominant end-user types in medical packaging films market. Europe, North America, Latin AMerica, Middle East and Africa, and Asia Pacific are identified as core regional hubs in medical packaging films market.
Competition Matrix: Medical packaging Films Market
In the succeeding sections of the report, readers are able to gauge through dominant market players, complete with their growth strategies and recent developments. Key players identified in medical packaging films market are 3M Company, Winpak Ltd., Bemis Company, Inc., and Berry Global Group, Inc amongst others.
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