Intravenous product packaging market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America and Europe are expected to collectively dominate the market throughout the forecast period. However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing unmet needs of intravenous product manufacturers in the region and government support towards boosting manufacturing ecosystem. Furthermore, Asia Pacific rise in prominence has resulted in organizational changes – many new packaging entrants has emerged over the last few years and many leading companies has set up their manufacturing capabilities in the region. Asia Pacific is expected to be primarily driven by China, Japan and India. Latin America and Middle East & Africa are expected to witness slow and steady growth over the forecast period. In Latin America, Brazil and Mexico are expected to create market opportunities for companies involved in intravenous product packaging.
Intravenous Product Packaging Market: Key players
Some of the key players in the global Intravenous Product Packaging market are Baxter, Renoilt, Nipro, Sippex, Wipax, Amcor, MRK Healthcare, etc. A majority of intravenous product packaging companies are largely headquartered in Europe and North America. However, there is growing influence of regional and China based players in the market especially in Asia Pacific region. Given their limited investment capabilities, most of their investments are focused on short term gains. Multinational players are either entering into partnership or into acquisition of these regional players to gain greater control over the market.
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)