The medical device packaging market share in Europe is expected to grow by USD 3.68 billion, accelerating at a CAGR of 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report
The medical device packaging market in Europe is segmented by product (pouches, trays, clamshells, and other products) and geography (Western Europe and Eastern Europe). Growing demand for flexible packaging solutions is the major medical device packaging market trend in Europe which will positively influence the market growth.
The medical device packaging market growth in Europe in the pouches segment will be significant during the forecast period. Western Europe led the market with 82% of the market growth during the forecast period. The presence of many pharmaceutical and medical device packaging companies will facilitate the medical device packaging market growth in Western Europe. Germany, France, the UK, and Italy are the key markets for medical device packaging in Western Europe.
The growth of the medical device market in Europe is one of the primary factors driving the market. However, the replacement of old equipment and sterilization challenges is the major hindrance for market vendors The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable businesses to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, KP Holding GmbH & Co. KG, Oliver Healthcare Packaging Co., RENOLIT SE, Sonoco Products Co., and Wipak Group are some of the major medical device packaging market vendors in Europe.
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