Packaging companies are shifting their non-essential packaging capacities to essential packaging for meeting unprecedented demand in healthcare and food sectors during the COVID-19 (coronavirus) pandemic. Companies in the flexible packaging for healthcare market are capitalizing on business opportunities since healthcare, personal care products, and food fall into the bracket of essential services. However, packaging companies are bearing the brunt of declining demand in non-essential industries. Moreover, lockdown and restricted movement in major countries such as France, the U.S., India, and Russia are likely to inhibit growth of the flexible packaging for healthcare market.
HDPE containers, pharmaceutical pumps, and bottles are in high demand during the ongoing COVID-19 crisis. However, international trade has been affected due to heavy taxation. Hence, companies are relying on local production to main steady supply chains.
3D Printing and New Stains in Flexible Packaging Films Reduce Waste in Landfills
Similar to plastics, manufacturers in the flexible packaging for healthcare market are increasing efforts to reduce waste. Sustainable innovations involve the introduction of 3D printing. The use of new stains and films is contributing toward the growth of the flexible packaging for healthcare market.
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3D printing is being highly publicized in the healthcare landscape for reducing production costs whilst reducing flexible plastic packaging waste. Moreover, small batch production via 3D printing ensures faster route to the market. This increases product uptake and boosts overall market growth. Manufacturers are increasing their production capabilities to develop products using eco-friendly and lightweight materials. New stains in flexible packaging films enable fast degradation of packaging waste in landfills.
Plastics: Hero or Villain in Flexible Packaging for Healthcare?
Lately, plastics are under scrutiny for its various advantages and disadvantages for pharmaceutical applications. Its disadvantages involve poor physical stability after interaction between the formulation and the container. However, plastics are expected to dictate the highest value share among all material types in the flexible packaging for healthcare market.
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Key indicators associated with the flexible packaging for healthcare market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global flexible packaging for healthcare market.
A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of flexible packaging for healthcare. Furthermore, forecast factors and forecast scenarios of the flexible packaging for healthcare market have been covered in the report to understand future prospects of the market.
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A comprehensive evaluation and forecast on the flexible packaging for healthcare market are provided on the basis of material type, product type, end use, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The flexible packaging for healthcare market is analyzed at both regional and country levels.
