Brazil Medical Device Packaging Market Size & Outlook
Brazil medical device packaging market, 2017-2028 (US$M)
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Brazil medical device packaging market highlights
- The Brazil medical device packaging market generated a revenue of USD 851.0 million in 2020 and is expected to reach USD 1,440.7 million by 2028.
- The Brazil market is expected to grow at a CAGR of 6.8% from 2021 to 2028.
- In terms of segment, plastic was the largest revenue generating material in 2020.
- Metal is the most lucrative material segment registering the fastest growth during the forecast period.
Medical device packaging market data book summary
| Market revenue in 2020 | USD 851.0 million |
| Market revenue in 2028 | USD 1,440.7 million |
| Growth rate | 6.8% (CAGR from 2020 to 2028) |
| Largest segment | Plastic |
| Fastest growing segment | Metal |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic, Paper & Paperboard, Metal |
| Key market players worldwide | Amcor PLC, Sonoco Products Co, Mondi PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Constantia Flexibles, WestRock Co, Berry Global Group Inc, Glenroy, Inc., SteriPack Contract Manufacturing |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.8% of the global medical device packaging market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil medical device packaging market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,440.7 million by 2028.
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Medical Device Packaging Market Scope
Medical Device Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil medical device packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device packaging market will help companies and investors design strategic landscapes.
Plastic was the largest segment with a revenue share of 65.79% in 2020. Horizon Databook has segmented the Brazil medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
Brazil is the largest economy as well as the largest medical device market in South America. Healthcare sector in Brazil is expected to witness growth on account of increasing pressure owing to the rapidly changing national demographic profile such as the growing elderly population and increasing burden of non-communicable chronic diseases.
Brazil is a difficult market for foreign medical device manufacturers due to the tough competition from domestic players and pricing issues. Domestic manufacturers are focused on producing low-cost medical devices targeting the local demand and majority of them are not export-oriented players.
In Brazil, in vitro diagnostic, equipment and tools are the major segments of the medical device market, which are primarily dominated by the local players. High-tech medical devices are imported in the country from the U.S., Germany, and Belgium.
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Our clientele includes a mix of medical device packaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into Brazil medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil medical device packaging market size, by material, 2017-2028 (US$M)
Brazil Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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