Market Share of Asia-Pacific Medical Devices Packaging Industry
The Asia-Pacific medical devices packaging market is fragmented, with a large number of players manufacturing varieties of packaging products for medical devices across the region. At the same time, the industry is witnessing mergers and acquisitions/consolidation of packaging players due to pressure on companies to reduce prices. Some of the major players operating in the region include Amcor PLC, Bemis Manufacturing Company, Berry Global Inc., and Mitsubishi Chemical Holdings.
- In February 2024, SK Chemicals, headquartered in South Korea, announced plans to enter the medical packaging market with the launch of a circular recycling initiative. MD&M, a prominent US exhibition for the medical device and manufacturing sector, serves as a platform for unveiling new technologies and products in medical device design and production. At MD&M, SK Chemicals will not only exhibit its traditional polyester, commonly found in medical essentials like PPE and medical device packaging, but will also showcase its latest materials, including SKYPET CR and ECOTRIA CR, which incorporate circular recycling principles.
- In May 2024, Oliver Healthcare Packaging began constructing its inaugural manufacturing plant in Johor, Malaysia, marking a significant expansion in the Asia-Pacific. This facility, set to become the company's largest in Asia, underscores its commitment to the region. Primarily focusing on innovative, flexible packaging, the plant aims to bolster Malaysia's burgeoning pharmaceutical and medical device sector. With an anticipated completion by the end of 2024, the facility is poised to play a pivotal role in the region's supply chain.
Asia-Pacific Medical Devices Packaging Market Leaders
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Amcor Plc
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Bemis Manufacturing Company
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Berry Global Inc.
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DuPont de Nemours, Inc.
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Mitsubishi Chemical Holdings
*Disclaimer: Major Players sorted in no particular order
