Medical Packaging Films Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (High Barrier Film, Metallized Film, Thermoformable Film and Others) By Material (Polyethylenes (PE), Polypropylene (PP), Polyamide (PA), Polyvinyl Chloride (PVC) and Others) By Application (Tubes, Bags and Others) and Region  

Medical Packaging Films Market size was valued at US$ 6,936.6 million in 2022 and is poised to grow at a CAGR of 5.2% from 2023 to 2029. The resources used for the packaging of pharmaceutical products are known as medical packaging films. Pharmaceutical packaging is chiefly used to secure and conceal the products used by the customer. Such packaging helps as a barrier of defense against environmental conditions and external factors before the consumer reaches the point where the item is prepared for usage. The global market provides a detailed overview of the Medical Packaging Films market, and that can be segmented by type, by material, and by Application. By type, the Medical Packaging Films market has been segmented into High Barrier Film, Metallized Film, Thermoformable Film, and Others. High Barrier Films is likely to be the significant growing segment in terms of type. Based on Material, the Medical Packaging Films market is segmented into Polyethylenes (PE), Polypropylene (PP), Polyamide (PA), Polyvinyl Chloride (PVC), and Others. Among these, the propylene segment is expected to have the fastest-growing market during the forecast period 2022-2028. Polypropylene, or PP, is a low-priced thermoplastic with high lucidity, high gloss, and improved tensile strength. It has a high melting point as compared to PE, which makes it appropriate for applications that need disinfection at high temperatures. PP can be metalized, which outcomes in better gas barrier properties for numerous applications, where extended product shelf life is vital. Based on the Application, the Medical Packaging Films market is segmented into Tubes, Bags, and Others. The Veterinary hospital’s segment is expected to have a significant share in 2021. Medical bags are widely used in the industry, predominantly when affordable packaging is essential in large quantities. The main benefit of using bags is the shielding of medical products, ease of smart transportation, and brand promotion. Bags are vastly used to stock first aid kits, medicines, or medical apparatus. Pouches are also utilized to store drugs or tools in liquid form.

Medical Packaging Films Market Key Developments:

• In April 2022, Amcor announced the introduction of supportable high shield laminates to its pharmaceutical packaging collection. In January 2022, Klöckner Pentaplast announced its plans to increase its post-consumer recycled content (PCR) PET volume in the North American region.