The global high barrier packaging films for pharmaceuticals market is forecast to expand at 5.3% CAGR over the estimated time-period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 484.8 million in 2023.
The market for high barrier packaging films for pharmaceuticals is experiencing robust growth due to several key factors driving demand. These films are crucial for maintaining the integrity and stability of pharmaceutical products, protecting them from moisture, oxygen, light, and other external factors that could compromise their quality. As pharmaceutical products become more sophisticated and sensitive, the need for advanced packaging solutions intensifies, thereby fueling market expansion.
Factors such as stringent regulatory requirements for drug safety, increasing emphasis on patient compliance, and the rising prevalence of chronic diseases are further propelling the demand for high barrier packaging films. Additionally, advancements in film technology, including the development of multi-layer films with enhanced barrier properties and sustainability features, are enhancing market growth.
Get Your Sample Report – Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-6402
Top Highlights from the FMI’s Analysis of High Barrier Packaging Films for the Pharmaceuticals Industry:
- The North America market attained a market share of 32.1% in 2022.
- The United States showcased a prominent market share of 29.1% in the year 2022.
- Europe is expected to trail behind North America. The European region is projected to grasp a market share of 29.6%.
- The German market is expected to experience a market share of 6.5% in 2022.
- The United Kingdom market is expected to expand at a CAGR of 5.6%.
- Within Asia Pacific, India, and China are projected to attain a CAGR of 7.1% and 6.8%, respectively, in the forecast period.
- On the basis of product type, coextruded films accounted for 80.7% in 2022.
- Based on application, blisters garnered a market share of 65.8% in 2022.
Key Companies Profiled:
- Amcor plc
- Bemis Company, Inc.
- Sealed Air
- KUREHA CORPORATION
- FLAIR Flexible packaging Corporation
- WINPAK Ltd.
- MULTIVAC
- DuPont, BERNHARDT Packaging & Process
- Sonoco Products Company
- Sigma Plastics Group
- Perlen Packaging
- OLIVER
- Berry Global Inc.
- Toray Plastics, Inc.
- Schur Flexibles Holding GesmbH
- ACG
- Shrinath Rotopack Pvt. Ltd.
Request Customization of Report: https://www.futuremarketinsights.com/customization-available/rep-gb-6402
Stay Updated with Recent Developments in the High Barrier Packaging Films for Pharmaceuticals Market
- Raven Industries Inc., in August 2020, launched the BioFlex I-series, which is a new product in its plastic film line. The latex-free film is utilized in personal defense equipment (PPE). This innovation is utilized in laboratories and hospitals to avoid hospital acquired infections (HAIs). It goes without saying that the product complements the company’s product line.
- In September 2021, Flex Films introduced ultra-high barrier film made of metallic polyester ‘F-UHB-M’ for the substitution of AI foil. This recyclable film is made of high-value proposition. The film has economic benefits, metal bond performance, and sustainability quotient.
Key Segments Covered in High Barrier Packaging Films for Pharmaceuticals Industry Research
High Barrier Packaging Films for Pharmaceuticals Market by Product:
- Cold-Formable Films
- Coextruded Films
- Thermo-Formable Films
High Barrier Packaging Films for Pharmaceuticals Market by Material:
- Aluminium
- Plastics
High Barrier Packaging Films for Pharmaceuticals Market by Adhesion:
- Bags and Pouches
- Blisters
High Barrier Packaging Films for Pharmaceuticals Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube