Medical device packaging market report scope & overview:
Medical device packaging market Size was valued at USD 39 billion in 2023 and is expected to reach USD 59.62 billion by 2031 and grow at a CAGR of 5.45% over the forecast period 2024-2031.
The medical device packaging market is growing quickly around the world for a few reasons. More money is being spent on healthcare everywhere, which means more medical devices are needed and more packaging is needed for them. People are looking for packaging that's easy to use and throw away.
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This is good for both convenience and the environment. The industry is working on reducing waste and managing it better. Easy-to-throw-away options like compostable or biodegradable materials are becoming more popular because they are a greener choice than traditional packaging. Fueled by rising demand in the medical packaging market, Tjoapack, a leading contract packaging company, strategically acquired Pharma Packaging Solutions (PPS). PPS, a prominent US-based healthcare packaging service provider, strengthens Tjoapack's position in the global market. But the most important thing for medical device packaging is to keep the product safe and sterile from the time it's made until it's used. Strict rules and the need for better ways to prevent inauthentic products are also driving growth in this market, especially in developed countries like North America, Europe and Asia. Finally, switching from glass to plastic materials makes packaging lighter and cheaper, while still keeping medical devices in a sterile environment
Government Initiatives
Programs like the Production Linked Incentive Scheme (PLI) and the Promotion of Medical Devices Parks Scheme are strategically designed to incentivize large-scale manufacturing and build manufacturing infrastructure. These schemes provide financial benefits to companies that establish large-scale medical device manufacturing. The initiatives also promote the development of dedicated medical device parks. This will create a stronger, more interconnected ecosystem for the entire medical device industry.
MARKET DYNAMICS:
KEY DRIVERS:
The growing burden of chronic diseases like diabetes, heart disease, and cancer is a key driver in the medical device packaging market.
The growing prevalence of infectious and chronic diseases is fueling the demand for effective healthcare products, and hence the medical device packaging market. This packaging plays a crucial role, it safeguards the integrity and sterility of medical devices, ensuring they reach patients in optimal condition. As disposable incomes rise, people are increasingly willing to invest in their health, further propelling the market for high-quality medical equipment and the essential packaging that protects it.
Wearable devices are booming as consumers use them for fitness, communication, and health.
RESTRAINTS:
Stringent regulatory requirements for medical device standardization could potentially impede innovation and market growth.
Medical device authorities enforce stringent regulations to ensure standardized medical devices. This is an absolute necessity for patient safety and efficacy. However, these rigid policies can create hurdles for manufacturers. Lengthy approval processes can delay the introduction of innovative packaging solutions to the market.
Improper medical equipment packaging can shorten shelf life and compromise product integrity.
OPPORTUNITIES:
The medical device packaging market is surging alongside advancements in medical technology, creating a demand for innovative, secure solutions.
An aging population creates a growing demand for medical equipment, particularly those suited for home healthcare
As life expectancy rises, the number of elderly individuals requiring medical attention increases. This fuels the need for user-friendly medical equipment that can be effectively utilized in home settings, facilitating easier management of chronic conditions or recovery from procedures.
CHALLENGES:
Finding sustainable alternatives to plastic packaging poses a significant challenge for companies in the medical device industry.
Ensuring proper medical device packaging presents a significant challenge.
During storage and transportation, medical equipment needs robust outer protection to withstand bumps, vibrations, and other physical stresses. Improper packaging can leave the device unusable. Many medical devices are sterile and require a barrier against biological contamination. Improper packaging significantly increases the risk of contamination.
IMPACT OF RUSSIA-UKRAINE WAR
The war in Ukraine has significantly disrupted the medical device packaging market there. Destroyed healthcare facilities and limited access to medicine, particularly in occupied territories where 505 pharmacies were damaged and 47 destroyed, create major challenges. While the acute shortage of medicine observed early in the war has eased in government-controlled areas, full availability remains an issue. Rising medication costs and falling salaries further strain economic access. The Ukrainian government is attempting to mitigate these issues through measures like simplifying import procedures and expanding access to healthcare for displaced people. The war in Ukraine has caused medicine sales to fall sharply. In May and June, sales were down by 24%.
IMPACT OF ECONOMIC SLOWDOWN
The economic slowdown is impacting the medical device market in a few ways that could affect medical device packaging. With tighter budgets, healthcare investors are being more selective funding for digital health start-ups fell in half and hospitals are facing financial strain nearly half of US hospitals had negative operating margins. This means medical device makers need to focus on innovations that demonstrably improve patient outcomes and reduce costs for providers to justify investment. As a result, the market may see a shift towards more cost-effective packaging solutions for new medical devices.
KEY MARKET SEGMENTS:
By Packaging Type
Bags & Pouches
Containers
Trays
Stick Packs
Clamshell Blister Packs
Boxes
Others (Flow Wraps etc.)
Clamshell blister packs are the leaders of medical device packaging with market share of 34%, but bags and pouches are a strong contender. Their small size and efficient use of space make them ideal for storing and handling devices. Made with the right materials, they can even protect equipment from external threats. Boxes remain a substantial player as well, valued for their secure transportation capabilities.
By Raw Material
PE
HDPE
LDPE
LLDPE
PET
PP
PS
PVC
Aluminum
Glass
Paper Laminates
Fabric
Others (PLA, PHA, etc.)
Polyethylene (PE) holds dominant position for its overall versatility, followed by paper laminates offering a more cost-effective option. However, when it comes to critical barriers against external threats, aluminum takes center stage. Its exceptional protection from oxygen, moisture, and light makes it the go-to choice for safeguarding sensitive medical equipment.
By Application
Disposable Consumables
Monitoring & Diagnostic Equipment
Therapeutic Equipment
Disposable consumables the current leader in both value and volume within medical device packaging, is expected to maintain its dominance. The implantable device segment presents an exciting growth area. The pandemic slowed demand for elective implantable devices, but with normalcy returning, this market segment is set to grow. Areas with a high concentration of research institutions and advanced healthcare facilities, like California and Massachusetts, might see a higher demand for packaging solutions for sophisticated diagnostic equipment.
By End-use Industry
Medical Manufacturing
Contract Packaging
Others
Medical Manufacturing currently hold the largest market share of 45% in medical device packaging. However, contract packaging is poised for significant growth. This trend is supported by companies like MedAccred, which announced its continued support for the medical device sector. They've seen a surge in new suppliers and implemented new audit methods for sterile packaging and device assembly. This along with the MedAccred Accreditation Pathway's second year in collaboration with the US Department of Commerce, indicates a growing focus on contract packagers for medical device packaging needs. The US has a robust medical device manufacturing industry concentrated in certain regions. Areas like California, Massachusetts, Texas, and Minnesota are major hubs for medical device development and production. These regions naturally see a higher concentration of medical device manufacturers handling their own packaging needs. Contract packagers are more geographically dispersed. They strategically locate themselves near medical device manufacturing clusters to provide convenient access to their services. However, with the increasing adoption of contract packaging their presence is spreading across the US.
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REGIONAL ANALYSES
North America with its booming healthcare sector and numerous supporting organizations leads the medical device packaging market at 32% share. The US a major player within this region, enjoys a competitive edge in medical device production due to factors like advanced software development, sophisticated instrumentation, and significant investments in R&D. Market will keep growing strongly and reach a value of $5 billion by 2033. Regulations play a vital role for instance, Canada's interim order in March 2020 allowed the sale of specific medical devices for COVID-19 use, provided their packaging adhered to all relevant regulations.
Europe captures the second-largest market share over 25% Notably, the UK is expected to surpass Germany as a key player within Europe. This rise can be attributed to the UK's presence of numerous well-established medical device manufacturers catering to both domestic and international markets. Furthermore, the UK is a leader in medical technology innovation and a significant global exporter of medical devices. The Asia Pacific region is set to experience for significant growth in medical device packaging, driven by several factors. China is a major market for medical equipment globally and experiencing substantial economic growth. This economic boom is fueling significant investments in the healthcare sector, which is expected to continue flourishing in the coming years. This growth in the healthcare industry will translate to a rising demand for medical device packaging solutions in the region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
KEY PLAYERS
The major key players are I. du Pont de Nemours and Company, Chesapeake Limited, Klöckner Pentaplast Group, 3M Company, Mitsubishi Chemical Holdings Corporation, Bemis Company Inc., Aphena Pharma Solutions, WestRock Company, SIGMA MEDICAL SUPPLIES CORP., Amcor Limited, Sonoco Products Company, CLONDALKIN GROUP, Berry Global Inc., Oliver-Tolas, Tekni-Plex. and other key players.
Chesapeake Limited-Company Financial Analysis
RECENT DEVELOPMENT
In July 2023, Oliver Healthcare Packaging, a supplier of medical packaging, acquired EK-Pack Folien, a German film and foil technology manufacturer, to expand its production capabilities. This acquisition includes Vacopack H. Buchegger, a Swiss subsidiary of EK-Pack. The deal grants Oliver access to an 23,000 square meter facility with eight production lines for complex packaging materials.
In July 2023, TotalEnergies, SABIC, and Aramco successfully converted recycled plastic waste into certified circular polymers. They achieved this by turning the plastic waste into oil at a Saudi Arabian refinery and then using that oil to create new plastic at a SABIC facility. This marks a significant step towards a more circular plastics economy in the region.
Repetitive manual sealing of medical device pouches and trays can lead to errors due to human factors like fatigue or distraction. This February 2023 report highlights the importance of using sensors to prevent these errors before they occur, safeguarding the integrity of medical device packaging.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 39 Bn |
| Market Size by 2031 | US$ 59.62 Bn |
| CAGR | CAGR of 5.45% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Packaging Type (Bags & Pouches, Containers, Trays, Stick Packs, Clamshell Blister Packs, Boxes, Others) • By Raw Material [PE (HDPE, LDPE, LLDPE], PET, PP, PS, PVC, Aluminum, Glass, Paper Laminates, Fabric, Others (PLA, PHA, Etc.)] • By Application (Disposable Consumables, Monitoring & Diagnostic Equipment, Therapeutic Equipment) • By End-Use Industry (Medical Manufacturing, Contract Packaging, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | I. du Pont de Nemours and Company, Chesapeake Limited, Klöckner Pentaplast Group, 3M Company, Mitsubishi Chemical Holdings Corporation, Bemis Company Inc., Aphena Pharma Solutions, WestRock Company, SIGMA MEDICAL SUPPLIES CORP., Amcor Limited, Sonoco Products Company, CLONDALKIN GROUP, Berry Global Inc., Oliver-Tolas, Tekni-Plex. |
| Key Drivers | • The growing burden of chronic diseases like diabetes, heart disease, and cancer is a key driver in the medical device packaging market. • Wearable devices are booming as consumers use them for fitness, communication, and health. |
| Key Restraints | • Stringent regulatory requirements for medical device standardization could potentially impede innovation and market growth. • Improper medical equipment packaging can shorten shelf life and compromise product integrity. |
Ans: The Medical device packaging market is expected to grow at a CAGR of 5.45%.
Ans: Medical device packaging market size was USD 39 billion in 2023 and is expected to Reach USD 59.62 billion by 2031.
Ans: The growing burden of chronic diseases like diabetes, heart disease, and cancer is a key driver in the medical device packaging market.
Ans: Stringent regulatory requirements for medical device standardization could potentially impede innovation and market growth.
Ans: North America holds the dominant position with market share of 32%.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Medical device packaging market Segmentation, By Packaging Type
9.1 Introduction
9.2 Trend Analysis
9.3 Bags & Pouches
9.4 Containers
9.5 Trays
9.6 Stick Packs
9.7 Clamshell Blister Packs
9.8 Boxes
9.9 Others (Flow Wraps etc.)
10. Medical device packaging market Segmentation, By Raw Material
10.1 Introduction
10.2 Trend Analysis
10.3 PE
10.3.1 HDPE
10.3.2 LDPE
10.3.3 LLDPE
10.4 PET
10.5 PP
10.6 PS
10.7 PVC
10.8 Aluminum
10.9 Glass
10.10 Paper Laminates
10.11 Fabric
10.12 Others (PLA, PHA, etc.)
11. Medical device packaging market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Disposable Consumables
11.4 Monitoring & Diagnostic Equipment
11.5 Therapeutic Equipment
12. Medical device packaging market Segmentation, By End-use Industry
12.1 Introduction
12.2 Trend Analysis
12.3 Medical Manufacturing
12.4 Contract Packaging
12.5 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Medical device packaging market by Country
13.2.3 North America Medical device packaging market By Packaging Type
13.2.4 North America Medical device packaging market By Raw Material
13.2.5 North America Medical device packaging market By Application
13.2.6 North America Medical device packaging market By End-use Industry
13.2.7 USA
13.2.7.1 USA Medical device packaging market By Packaging Type
13.2.7.2 USA Medical device packaging market By Raw Material
13.2.7.3 USA Medical device packaging market By Application
13.2.7.4 USA Medical device packaging market By End-use Industry
13.2.8 Canada
13.2.8.1 Canada Medical device packaging market By Packaging Type
13.2.8.2 Canada Medical device packaging market By Raw Material
13.2.8.3 Canada Medical device packaging market By Application
13.2.8.4 Canada Medical device packaging market By End-use Industry
13.2.9 Mexico
13.2.9.1 Mexico Medical device packaging market By Packaging Type
13.2.9.2 Mexico Medical device packaging market By Raw Material
13.2.9.3 Mexico Medical device packaging market By Application
13.2.9.4 Mexico Medical device packaging market By End-use Industry
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Medical device packaging market by Country
13.3.2.2 Eastern Europe Medical device packaging market By Packaging Type
13.3.2.3 Eastern Europe Medical device packaging market By Raw Material
13.3.2.4 Eastern Europe Medical device packaging market By Application
13.3.2.5 Eastern Europe Medical device packaging market By End-use Industry
13.3.2.6 Poland
13.3.2.6.1 Poland Medical device packaging market By Packaging Type
13.3.2.6.2 Poland Medical device packaging market By Raw Material
13.3.2.6.3 Poland Medical device packaging market By Application
13.3.2.6.4 Poland Medical device packaging market By End-use Industry
13.3.2.7 Romania
13.3.2.7.1 Romania Medical device packaging market By Packaging Type
13.3.2.7.2 Romania Medical device packaging market By Raw Material
13.3.2.7.3 Romania Medical device packaging market By Application
13.3.2.7.4 Romania Medical device packaging market By End-use Industry
13.3.2.8 Hungary
13.3.2.8.1 Hungary Medical device packaging market By Packaging Type
13.3.2.8.2 Hungary Medical device packaging market By Raw Material
13.3.2.8.3 Hungary Medical device packaging market By Application
13.3.2.8.4 Hungary Medical device packaging market By End-use Industry
13.3.2.9 Turkey
13.3.2.9.1 Turkey Medical device packaging market By Packaging Type
13.3.2.9.2 Turkey Medical device packaging market By Raw Material
13.3.2.9.3 Turkey Medical device packaging market By Application
13.3.2.9.4 Turkey Medical device packaging market By End-use Industry
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Medical device packaging market By Packaging Type
13.3.2.10.2 Rest of Eastern Europe Medical device packaging market By Raw Material
13.3.2.10.3 Rest of Eastern Europe Medical device packaging market By Application
13.3.2.10.4 Rest of Eastern Europe Medical device packaging market By End-use Industry
13.3.3 Western Europe
13.3.3.1 Western Europe Medical device packaging market by Country
13.3.3.2 Western Europe Medical device packaging market By Packaging Type
13.3.3.3 Western Europe Medical device packaging market By Raw Material
13.3.3.4 Western Europe Medical device packaging market By Application
13.3.3.5 Western Europe Medical device packaging market By End-use Industry
13.3.3.6 Germany
13.3.3.6.1 Germany Medical device packaging market By Packaging Type
13.3.3.6.2 Germany Medical device packaging market By Raw Material
13.3.3.6.3 Germany Medical device packaging market By Application
13.3.3.6.4 Germany Medical device packaging market By End-use Industry
13.3.3.7 France
13.3.3.7.1 France Medical device packaging market By Packaging Type
13.3.3.7.2 France Medical device packaging market By Raw Material
13.3.3.7.3 France Medical device packaging market By Application
13.3.3.7.4 France Medical device packaging market By End-use Industry
13.3.3.8 UK
13.3.3.8.1 UK Medical device packaging market By Packaging Type
13.3.3.8.2 UK Medical device packaging market By Raw Material
13.3.3.8.3 UK Medical device packaging market By Application
13.3.3.8.4 UK Medical device packaging market By End-use Industry
13.3.3.9 Italy
13.3.3.9.1 Italy Medical device packaging market By Packaging Type
13.3.3.9.2 Italy Medical device packaging market By Raw Material
13.3.3.9.3 Italy Medical device packaging market By Application
13.3.3.9.4 Italy Medical device packaging market By End-use Industry
13.3.3.10 Spain
13.3.3.10.1 Spain Medical device packaging market By Packaging Type
13.3.3.10.2 Spain Medical device packaging market By Raw Material
13.3.3.10.3 Spain Medical device packaging market By Application
13.3.3.10.4 Spain Medical device packaging market By End-use Industry
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Medical device packaging market By Packaging Type
13.3.3.11.2 Netherlands Medical device packaging market By Raw Material
13.3.3.11.3 Netherlands Medical device packaging market By Application
13.3.3.11.4 Netherlands Medical device packaging market By End-use Industry
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Medical device packaging market By Packaging Type
13.3.3.12.2 Switzerland Medical device packaging market By Raw Material
13.3.3.12.3 Switzerland Medical device packaging market By Application
13.3.3.12.4 Switzerland Medical device packaging market By End-use Industry
13.3.3.13 Austria
13.3.3.13.1 Austria Medical device packaging market By Packaging Type
13.3.3.13.2 Austria Medical device packaging market By Raw Material
13.3.3.13.3 Austria Medical device packaging market By Application
13.3.3.13.4 Austria Medical device packaging market By End-use Industry
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Medical device packaging market By Packaging Type
13.3.3.14.2 Rest of Western Europe Medical device packaging market By Raw Material
13.3.3.14.3 Rest of Western Europe Medical device packaging market By Application
13.3.3.14.4 Rest of Western Europe Medical device packaging market By End-use Industry
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Medical device packaging market by Country
13.4.3 Asia-Pacific Medical device packaging market By Packaging Type
13.4.4 Asia-Pacific Medical device packaging market By Raw Material
13.4.5 Asia-Pacific Medical device packaging market By Application
13.4.6 Asia-Pacific Medical device packaging market By End-use Industry
13.4.7 China
13.4.7.1 China Medical device packaging market By Packaging Type
13.4.7.2 China Medical device packaging market By Raw Material
13.4.7.3 China Medical device packaging market By Application
13.4.7.4 China Medical device packaging market By End-use Industry
13.4.8 India
13.4.8.1 India Medical device packaging market By Packaging Type
13.4.8.2 India Medical device packaging market By Raw Material
13.4.8.3 India Medical device packaging market By Application
13.4.8.4 India Medical device packaging market By End-use Industry
13.4.9 Japan
13.4.9.1 Japan Medical device packaging market By Packaging Type
13.4.9.2 Japan Medical device packaging market By Raw Material
13.4.9.3 Japan Medical device packaging market By Application
13.4.9.4 Japan Medical device packaging market By End-use Industry
13.4.10 South Korea
13.4.10.1 South Korea Medical device packaging market By Packaging Type
13.4.10.2 South Korea Medical device packaging market By Raw Material
13.4.10.3 South Korea Medical device packaging market By Application
13.4.10.4 South Korea Medical device packaging market By End-use Industry
13.4.11 Vietnam
13.4.11.1 Vietnam Medical device packaging market By Packaging Type
13.4.11.2 Vietnam Medical device packaging market By Raw Material
13.4.11.3 Vietnam Medical device packaging market By Application
13.4.11.4 Vietnam Medical device packaging market By End-use Industry
13.4.12 Singapore
13.4.12.1 Singapore Medical device packaging market By Packaging Type
13.4.12.2 Singapore Medical device packaging market By Raw Material
13.4.12.3 Singapore Medical device packaging market By Application
13.4.12.4 Singapore Medical device packaging market By End-use Industry
13.4.13 Australia
13.4.13.1 Australia Medical device packaging market By Packaging Type
13.4.13.2 Australia Medical device packaging market By Raw Material
13.4.13.3 Australia Medical device packaging market By Application
13.4.13.4 Australia Medical device packaging market By End-use Industry
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Medical device packaging market By Packaging Type
13.4.14.2 Rest of Asia-Pacific Medical device packaging market By Raw Material
13.4.14.3 Rest of Asia-Pacific Medical device packaging market By Application
13.4.14.4 Rest of Asia-Pacific Medical device packaging market By End-use Industry
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Medical device packaging market by Country
13.5.2.2 Middle East Medical device packaging market By Packaging Type
13.5.2.3 Middle East Medical device packaging market By Raw Material
13.5.2.4 Middle East Medical device packaging market By Application
13.5.2.5 Middle East Medical device packaging market By End-use Industry
13.5.2.6 UAE
13.5.2.6.1 UAE Medical device packaging market By Packaging Type
13.5.2.6.2 UAE Medical device packaging market By Raw Material
13.5.2.6.3 UAE Medical device packaging market By Application
13.5.2.6.4 UAE Medical device packaging market By End-use Industry
13.5.2.7 Egypt
13.5.2.7.1 Egypt Medical device packaging market By Packaging Type
13.5.2.7.2 Egypt Medical device packaging market By Raw Material
13.5.2.7.3 Egypt Medical device packaging market By Application
13.5.2.7.4 Egypt Medical device packaging market By End-use Industry
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Medical device packaging market By Packaging Type
13.5.2.8.2 Saudi Arabia Medical device packaging market By Raw Material
13.5.2.8.3 Saudi Arabia Medical device packaging market By Application
13.5.2.8.4 Saudi Arabia Medical device packaging market By End-use Industry
13.5.2.9 Qatar
13.5.2.9.1 Qatar Medical device packaging market By Packaging Type
13.5.2.9.2 Qatar Medical device packaging market By Raw Material
13.5.2.9.3 Qatar Medical device packaging market By Application
13.5.2.9.4 Qatar Medical device packaging market By End-use Industry
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Medical device packaging market By Packaging Type
13.5.2.10.2 Rest of Middle East Medical device packaging market By Raw Material
13.5.2.10.3 Rest of Middle East Medical device packaging market By Application
13.5.2.10.4 Rest of Middle East Medical device packaging market By End-use Industry
13.5.3 Africa
13.5.3.1 Africa Medical device packaging market by Country
13.5.3.2 Africa Medical device packaging market By Packaging Type
13.5.3.3 Africa Medical device packaging market By Raw Material
13.5.3.4 Africa Medical device packaging market By Application
13.5.3.5 Africa Medical device packaging market By End-use Industry
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Medical device packaging market By Packaging Type
13.5.3.6.2 Nigeria Medical device packaging market By Raw Material
13.5.3.6.3 Nigeria Medical device packaging market By Application
13.5.3.6.4 Nigeria Medical device packaging market By End-use Industry
13.5.3.7 South Africa
13.5.3.7.1 South Africa Medical device packaging market By Packaging Type
13.5.3.7.2 South Africa Medical device packaging market By Raw Material
13.5.3.7.3 South Africa Medical device packaging market By Application
13.5.3.7.4 South Africa Medical device packaging market By End-use Industry
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Medical device packaging market By Packaging Type
13.5.3.8.2 Rest of Africa Medical device packaging market By Raw Material
13.5.3.8.3 Rest of Africa Medical device packaging market By Application
13.5.3.8.4 Rest of Africa Medical device packaging market By End-use Industry
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Medical device packaging market by country
13.6.3 Latin America Medical device packaging market By Packaging Type
13.6.4 Latin America Medical device packaging market By Raw Material
13.6.5 Latin America Medical device packaging market By Application
13.6.6 Latin America Medical device packaging market By End-use Industry
13.6.7 Brazil
13.6.7.1 Brazil Medical device packaging market By Packaging Type
13.6.7.2 Brazil Medical device packaging market By Raw Material
13.6.7.3 Brazil Medical device packaging market By Application
13.6.7.4 Brazil Medical device packaging market By End-use Industry
13.6.8 Argentina
13.6.8.1 Argentina Medical device packaging market By Packaging Type
13.6.8.2 Argentina Medical device packaging market By Raw Material
13.6.8.3 Argentina Medical device packaging market By Application
13.6.8.4 Argentina Medical device packaging market By End-use Industry
13.6.9 Colombia
13.6.9.1 Colombia Medical device packaging market By Packaging Type
13.6.9.2 Colombia Medical device packaging market By Raw Material
13.6.9.3 Colombia Medical device packaging market By Application
13.6.9.4 Colombia Medical device packaging market By End-use Industry
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Medical device packaging market By Packaging Type
13.6.10.2 Rest of Latin America Medical device packaging market By Raw Material
13.6.10.3 Rest of Latin America Medical device packaging market By Application
13.6.10.4 Rest of Latin America Medical device packaging market By End-use Industry
14. Company Profiles
14.1 I. du Pont de Nemours and Company
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Chesapeake Limited
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Klöckner Pentaplast Group
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 3M Company
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Mitsubishi Chemical Holdings Corporation
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Bemis Company Inc.
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Aphena Pharma Solutions
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 WestRock Company
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 SIGMA MEDICAL SUPPLIES CORP.
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Amcor Limited
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 End User News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Clamshell Packaging Market size was USD 10.21 billion in 2023 and is expected to Reach USD 14.32 billion by 2031 and grow at a CAGR of 4.3 % over the forecast period of 2024-2031.
The Inorganic Chemical Packaging Market Size was valued at USD 3.12 billion in 2023 and is expected to reach USD 4.30 billion by 2031 and grow at a CAGR of 4.1 % over the forecast period 2024-2031.
The Self-healing Concrete Market Size was valued at USD 88.85 Billion in 2023 and is expected to reach USD 1612.76 Billion by 2032 and grow at a CAGR of 38% over the forecast period 2024-2032.
The Disposable Straw Market size was USD 19.5 billion in 2023 and is expected to Reach USD 28.59 billion by 2031 and grow at a CAGR of 4.9% over the forecast period of 2024-2031.
The Smart Transportation Market size was valued at USD 121.33 billion in 2023 and is expected to grow to USD 355.87 billion by 2032, achieving a compound annual growth rate (CAGR) of 13.02% during the forecast period of 2024-2032.
The Aluminum Foil Packaging Market size was USD 32.61 billion in 2023 and is expected to Reach USD 46.36 billion by 2031 and grow at a CAGR of 4.5% over the forecast period of 2024-2031.
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