(marketresearch.biz via COMTEX) -- The global medical packaging market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing standards of healthcare infrastructure & medical facilities is a major factor driving growth of the global medical packaging market. In addition, favourable e-commerce trends in the medical industry is expected to support growth of the market in the near future.
The global medical packaging market report has been segmented on the basis of material, application, packaging type, and region.
On the basis of material, the global medical packaging market is segmented into polymer, paper & paperboard, and non-woven fabric. The polymer segment is projected to account for major share in terms of revenue, and is expected to continue its dominance with highest CAGR over the forecast period.
On the basis of application, the global medical packaging market is segmented into, medical equipment & tools, medical devices, implants, and medicines. In terms of revenue, the medical equipment & tools segment is projected to account for major share in the global market.
On the basis of packaging type, the global medical packaging market is segmented into blister packaging, individual-wrap packages, multi-compartmental trays, pouches, and cartons. In terms of revenue, blister packaging segment is projected to account for major share in the global market.
On the basis of region, the global medical packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is expected to account for major revenue share in the global medical packaging market in terms of revenue and is projected to continue its dominance over the next ten years. Asia Pacific market is expected to register higher CAGR as compared to other regions. The reason for growth is rapidly increasing technological developments, high disposable income, increasing development in medical & healthcare infrastructure, and strict FDA regulations.
Key players in the global medical packaging market include, Avery Dennison Corporation, 3M Company, E. I. du Pont de Nemours and Company, CCL Industries, Inc., Amcor Limited, Constantia Flexibles GmbH, Sealed Air Corporation, Bemis Company, Inc., Sonoco Products Company and WestRock Company.
Published By:eurowatchers.com
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