Press Release

Considerable Inclination of Women Toward Cosmeceutical Products Leading to the Medical Plastic Converters Market Growth

The Africa Medical Plastic Converters market is anticipated to grow at a high rate on account of rising inclination of women toward cosmeceutical products (cosmetic products with medical benefits made from bioactive ingredients) due to rising degree of health and wellness awareness, an increased disposable income, and rapid urbanization. Besides these, boost in the demand for frozen food, extensive government expenditure on healthcare, and rising incidences of lifestyle diseases are proliferating the demand for medical devices and equipment, which is expected to place a significant impact on the growth of the market in the forecast period.

According to MarkNtel Advisors’ research report titled “Africa Medical Plastic Converters Market Analysis, 2020”, the Medical Plastic Converters market is anticipated to grow at a significant CAGR during 2020-25. Based on Material, Adhesives acquired a considerable market share in 2019. Conductive Adhesives for Medical Applications acquired the largest market share in Adhesive segment. These adhesives find their application in medical electronics, diagnostic devices, wearable sensors, medical MRI, X-Ray, PET scanners, and combination drug delivery devices. Moreover, Die-Cut Adhesive is also gaining rapid pace in the market. Die-cut adhesive are long-lasting and expand and contract with temperature changes. These adhesives are mostly in demand in various industries such as medical, transportation, electronics, aerospace etc.  

“Africa Medical Plastic Converters Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Medical Plastic Converters providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

South Africa Acquired the Majority Market Share

South Africa acquired the majority market share in the Africa Medical Plastic Converters market in 2019. The growth is attributed to extensive demand for medical plastics in the disposable medical products such as inhalation masks, and IV tubes along with increasing demand for processed and packaged food and growing consumer preference toward cosmeceuticals. Thus, this is strongly contributing to the growth of the medical plastic converters in the forthcoming years as stated by the MarkNtel Advisors’ research report “Africa Medical Plastic Converters Market Analysis, 2020”. 

According to MarkNtel Advisors, the key players with a considerable market share in the Africa Medical Plastic Converters market are 3M, Anchortape, Omnia health, Tapecon, AFROX, Fabrico, Advance, Henkel etc.

Market Segmentation:

1. By Material (Adhesives (Conductive Adhesives for Medical Applications, Die- Cut Adhesives, Medical Grade Adhesives, PSA tapes, Medical Tapes & Films), Structural Adhesives, Medical Liquid Devices, Shielding Materials, Films & Paper, Laminates, Others)
2. By Application (Body Worn Devices, Cosmeceuticals, Devices & Equipment, Microfluidic Devices, Nonwovens, Packaging, Stick-to-Skin Applications, Others)
3. By Country (South Africa, Nigeria, Kenya, Algeria, Morocco, Others),
4. By Company (3M, Anchortape, Omnia health, Tapecon, AFROX, Fabrico, Advance, Henkel etc.)

Key questions answered in the study:

1. What are the current and future trends of the Medical Plastic Converters industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Medical Plastic Converters industry?
5. What is the customer orientation, purchase behavior, and expectations from the Medical Plastic Converters firms across various regions?