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The medical packaging film market will have 3M Co., Amcor Plc and Berry Global Group Inc. as the main players in the forecast period
New York, December 3, 2021/PRNewswire/--The medical packaging film market is fragmented. Suppliers are using various organic and inorganic growth strategies to participate in market competition. From 2021 to 2026, the market is expected to grow by US$2.02 billion, with a compound annual growth rate of 5.23%.
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Top 3 medical packaging film market participants
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2022-2026 Medical Packaging Film Market: Segmentation
Divided by type, the thermoformed film segment will account for significant market share growth during the forecast period. Increasing demand for medical and pharmaceutical projects is the main growth driver for this sector. Properties such as high mechanical strength and moisture resistance make thermoformed films ideal for packaging sterile medical products, including pharmaceuticals and medical equipment.
By region, the Asia-Pacific region is expected to account for 42% of the market growth during the forecast period, with Japan and China being the main countries. The increase in pharmaceutical consumption in the Asia-Pacific region will promote the growth of the medical packaging film market in the region.
The medical packaging film market is driven by the increase in global drug consumption, the increase in the use of disposable medical products, and the increase in global pharmaceutical sales. However, factors such as the risk of counterfeiting in medical packaging may hinder market growth.
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Medical packaging film market scope
Accelerate with a compound annual growth rate of 5.23%
Asia Pacific, Europe, North America, South America and MEA
United States, Japan, China, Germany and France
Leading company, competitive strategy, scope of consumer participation
3M Co., Amcor Plc, Berry Global Group Inc., Covestro AG, DuPont de Nemours Inc., Glenroy Inc., PolyCine GmbH, RENOLIT SE, Shandong Weigao Group Medical Polymer Co., Ltd., and Wipac Group
Mother market analysis, market growth incentives and obstacles, fast-growing and slow-growing market segments, COVID-19 impact and future consumer dynamics, market conditions during the forecast period
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