The "Medical Packaging Films - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Medical Packaging Films market accounted for $5.21 billion in 2017 and is expected to reach $8.25 billion by 2026 growing at a CAGR of 5.2% during the forecast period.
Growth in the healthcare industry and rapid urbanization are some of the factors boosting the market growth. However, fluctuations in raw material prices are hampering the market growth.
Based on product, high barrier films segment is driven by increasing demand for barriers against moisture, gas, water, etc. Many healthcare products need high-barrier films, mostly for the products which are sensitive to moisture and oxygen.
By Geography, Asia Pacific is expected to be the fastest market due to the presence of high healthcare expenditure and rising number of patient population. North America is the largest growing region during the forecast period. The growth in North America is due to growing pharmaceutical industries and increasing government support to research institutions.
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