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Medical Packaging Market

 The medical packaging market throws light on product pricing, market risks, in-detail study of technological aspects, techno-economic strongholds, and other business aspects. According to the market study, demand is anticipated to increase at a CAGR of 7.4% over the period of 2021 to 2031, mainly due to high investments in the development of newer technologies.

The amount of money spent on medicines around the world continues to rise.  In 2020, approximately US$ 1.3 trillion (out of which one-third belongs to the U.S.) was spent on medicines, up from just US$ 890 Bn in 2010. The United States leads the world in overall pharmaceutical spending and is anticipated to continue to do so until 2025.

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To put this in perspective, China, in second place, is expected to spend US$ 170 Bn by 2023, less than one-third of what the United States would spend during the same period. The pharmaceutical business in the United States spends over US$ 60 Bn each year on research & development, with a new drug costing around US$ 2.6 Bn.

Market Players: –

  • 3M Company

  • Amcor Plc

  • Ardagh Group S.A.

  • Becton, Dickinson and Company

  • UDG Healthcare plc

  • Berry Global Group, Inc

  • Sealed Air Corporation

  • Catalent, Inc.

  • West Pharmaceutical Services Inc.

  • Mondi Group Plc

  • Gerresheimer AG

  • Constantia Flexibles Group GmbH

  • Nipro Corporation

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

Key Segments in Medical Packaging Industry Survey

  • By Material

    • Plastics/Polymers

      • Polyethylene

      • Polyvinyl Chloride

      • Polypropylene

      • Polyethyene Terephthalate

      • Others

    • Glass

    • Metal

    • Others

  • By Application

    • Bottles

    • Trays

    • Syringes/Ampoules/Vials

    • Blister Packs

    • Bags & Pouches

    • Others

Regional analysis includes

  • North America (U.S., Canada)

  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)

  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe

  • CIS & Russia

  • Japan

  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Medical Packaging Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Competitive landscape

  • In April 2021, Amcor unveiled its newest innovation – the New AmSkyTM blister system, with the potential to transform the sustainability of healthcare packaging.

  • In January 2021, Ashfield, a division of UDG healthcare plc, announced the development of three business divisions to extend and strengthen its healthcare services.

  • In October 2020, Ardagh Group launched a US$ 1.8 Bn corporate growth investment program in metal beverage packaging and glass packaging.