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According to Material Type, the PP segment is expected to be dominant during the forecast period because of its chemically inert and non-reactive nature with the packaged solution. Conversely, the PVC segment is predicted to lose its market share because of the risk of release of toxins in the packaged solution. The global IV bags market is very fragmented. But players are also considering strategic M&A, collaborations, and partnerships, which may consolidate the competitive landscape of the global IV bags market to a certain extent.