India Medical Device Packaging Market Size & Outlook

The medical device packaging market in India is expected to reach a projected revenue of US$ 2,338.3 million by 2028. A compound annual growth rate of 9.7% is expected of India medical device packaging market from 2021 to 2028.
Revenue, 2020 (US$M)
$1,116.9
Forecast, 2028 (US$M)
$2,338.3
CAGR, 2021 - 2028
9.7%
Report Coverage
India

India medical device packaging market highlights

  • The India medical device packaging market generated a revenue of USD 1,116.9 million in 2020 and is expected to reach USD 2,338.3 million by 2028.
  • The India market is expected to grow at a CAGR of 9.7% 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 2020USD 1,116.9 million
Market revenue in 2028USD 2,338.3 million
Growth rate9.7% (CAGR from 2020 to 2028)
Largest segmentPlastic
Fastest growing segmentMetal
Historical data2017 - 2019
Base year2020
Forecast period2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationPlastic, Paper & Paperboard, Metal
Key market players worldwideAmcor 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, India accounted for 5.0% 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 Companies

Name Profile # Employees HQ Website

India 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 65.61% in 2020. Horizon Databook has segmented the India medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.


Healthcare industry in India witnessed substantial growth in recent years. Factors such as changing demographics, growing public awareness about the medical treatments, and rising life expectancy have contributed to high demand for medical care. 

India emerged as the next potential market for medical devices, contributing to the treatment and care, production of screening, diagnostic devices, and monitoring devices to cater to healthcare sector in the country. 

The prevalence of chronic diseases such as diabetes, cardiovascular diseases, and chronic obstructive pulmonary disease is rising in India, resulting in high demand for healthcare services and associated products.

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Target buyers of India medical device packaging market databook

  • Our clientele includes a mix of medical device packaging market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into India medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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India medical device packaging market size, by material, 2017-2028 (US$M)

India Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)

India medical device packaging market size, by material, 2017-2028 (US$M)

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