In addition, features of flexibility and cost-effectiveness of these packaging materials are also likely to spur the growth of the medical device packaging market. Additional factors that are expected to drive the market growth are rise in the need for flexible packaging for medical device and increase in unrolling of innovative products, such as tamper evident and child resistant medical packaging are expected to fuel the expansion of the market.

Regional Outlook

The medical device packaging market in North America is expected to experience a sharp rise. The market in the United States is expected to gain high revenue across the evaluation period. Other regions that are experiencing fastest growth are Europe and Asia Pacific.

In the North America region, the stringency of approval laws by regulatory forces and raise in packaging quality are expected to contribute to the expansion of the market in the region.

Segmental Outline

The global market of medical device packaging is studied in segments based on type and products. By material, the market is divided into plastic, paper and paperboard, and others. The ease of availability of raw materials is expected to prompt the growth of the market. In addition, the cost-affordability of raw materials are also expected to bolster the medical device packaging market growth. The plastic segment is likely to hold command over the market in the years of assessment. By product, the market is segmented into trays, pouches, clamshell packs, bags, and others. The bag segment is expected to gain considerable traction for the market. The increase in use of pouches and trays packaging for medical devices are also likely to bolster the expansion of the medical device packaging market.

Key Players

The list of key players, prepared by MRFR, which are functioning in the global medical device packaging market are; Amcor Limited, Mitsubishi Chemical Holdings Corporation, Chesapeake Limited, E. I. du Pont de Nemours and Company, Bemis Company Inc, Klöckner Pentaplast Group, WestRock Company, 3M Company, and Oliver-Tolas.