Medical Device Packaging Companies & Growth Insights - Corporate Milestones, Value Creation, Operational Excellence, Strategic Resource Allocation, Patent Fencing, Technology Commercialization, Best Practice Benchmarking

Date: November 2024

Medical Device Packaging Market Size and Comapnies Insights

The global medical device packaging market size was valued at USD 29.70 billion in 2024 and anticipated to calculate USD 60.76 billion by 2034, expanding at a 7.42% CAGR between 2024 and 2034.

Medical Device Packaging Market Player

  • Berry Global Inc.
  • Amcor Limited
  • Mitsubishi Chemical Holdings Corporation
  • 3M Company
  • CCL Industries Inc.
  • Constantia Flexibles
  • Klöckner Pentaplast Group
  • Sonoco Products Company
  • DuPont de Nemours
  • Oliver-Tolas
  • NIPRO
  • Texchem-Pack

Key Players and Competitive Dynamics in the Medical Device Packaging Market

The competitive landscape of the medical device packaging market is dominated by established industry giants such as Berry Global Inc., Amcor Limited, Mitsubishi Chemical Holdings Corporation, 3M COMPANY, CCL Industries Inc., Constantia Flexibles, Klöckner Pentaplast Group, Sonoco Products Company, Dupont De Nemours Oliver-Tolas, NIPRO, and Texchem-pack. These giants compete with upstart direct-to-consumer firms that use digital platforms to gain market share. Key competitive characteristics include product innovation, sustainable practices, and the ability to respond to changing consumer tastes.

Berry Global prioritises innovation and customisation to satisfy the changing needs of the medical device sector. The company invests substantially in R&D to provide cutting-edge packaging solutions that prioritise safety, sterility, and usability. Berry Global also prioritises collaboration with medical device makers to understand their individual needs and customise packaging solutions accordingly.

For Instance,

  • In September 2023, Berry Global Group Inc. (BERY) disclosed that it has begun a process to assess strategic options for its health, hygiene, and specialties sector.

Amcor has adopted a global expansion plan to increase its footprint in the medical device packaging market. The company uses its large global network and manufacturing skills to provide a wide range of packaging solutions targeted to specific locations and customer segments.

For Instance,

  • In January 2023, Amcor, a global packaging company, has reached an agreement to buy MDK, a medical device packaging company based in China. MDK, a Shanghai-based company, provides paper-based packaging and coating services to medical device manufacturers in China.

Recent Developments in the Medical Device Packaging Market

  • In May 2024, the innovative manufacturing and packaging equipment that Webblogic, a leader in medical device manufacturing technology, is planned to introduce is tailored for the pharmaceutical, life sciences, and medical device industries. In addition to offering top-notch production and packaging tools for the life science and medical device sectors, Webblogic offers a comprehensive range of services, including technology licensing, design, development, and commercialization.