China Medical Device Packaging Market Size & Outlook
China medical device packaging market, 2017-2028 (US$M)
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China medical device packaging market highlights
- The China medical device packaging market generated a revenue of USD 3,250.1 million in 2020 and is expected to reach USD 6,411.6 million by 2028.
- The China market is expected to grow at a CAGR of 8.9% 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 3,250.1 million |
| Market revenue in 2028 | USD 6,411.6 million |
| Growth rate | 8.9% (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, China accounted for 14.7% 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 Asia Pacific, China medical device packaging market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,338.3 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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China 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 67.03% in 2020. Horizon Databook has segmented the China medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
China is the world’s fastest-growing economy and one of the biggest markets for medical devices in the world. Following the economic development in China, more and more investments are going into healthcare industry.
Healthcare industry of China is expected to continue to expand in the coming years including medical device industry. This is expected to boost the growth of the medical device packaging market in the country.
China's medical device market is diverse with fierce competition as the industry incorporates the medical device manufacturers of high-tech diagnostic devices, to IVDs, and implants. China has low to mid-sized companies producing high volumes of medical devices and consumables, whereas, foreign companies are competing in the high-end medical device manufacturing segment.
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Target buyers of China medical device packaging market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into China medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China medical device packaging market size, by material, 2017-2028 (US$M)
China Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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