Global Medical Flexible Packaging Market Size & Outlook
Global medical flexible packaging market, 2018-2030 (US$M)
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Global medical flexible packaging market highlights
- The global medical flexible packaging market generated a revenue of USD 18,991.2 million in 2023 and is expected to reach USD 27,724.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.6% by 2030.
- In terms of segment, plastics accounted for a revenue of USD 14,041.2 million in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 18,991.2 million |
| Market revenue in 2030 | USD 27,724.0 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Paper |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Aluminum, Bioplastics |
Other key industry trends
- In terms of revenue, the North America accounted for 22.2% of the global medical flexible packaging market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,135.5 million by 2030.
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Medical Flexible Packaging Market Scope
Medical Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical flexible 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 flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 73.94% in 2023. Horizon Databook has segmented the Global medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Flexible Packaging Material Outlook (Revenue, USD Million, 2018-2030)
- Plastics
- Polyvinyl Chloride
- Polypropylene
- PET
- PE
- Others
- Paper
- Aluminum
- Bioplastics
- Plastics
- Global Medical Flexible Packaging Product Outlook (Revenue, USD Million, 2018-2030)
- Seals
- High Barrier Films
- BOPET
- EVA
- Polyacrylonitrile
- Silicon Oxide
- Al-Oxide
- Polyvinlylidene Cl
- Others
- Wraps
- Pouches & Bags
- Lids & Labels
- Others
- Global Medical Flexible Packaging End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharma Manufacturing
- Medical Device Manuf
- Implant Manuf
- Contract Packaging
- Others
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Target buyers of Global medical flexible packaging market databook
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Our clientele includes a mix of medical flexible 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical flexible packaging market , including forecasts for subscribers. This global databook contains high-level insights into Global medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical flexible packaging market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical flexible packaging market size, 2023 (US$M)
Global medical flexible packaging market share, by material, 2023 & 2030 (%, US$M)
Medical flexible packaging market: Opportunity assessment by country
Global medical flexible packaging market, by region, 2023 (US$M)
| Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,220.0 | 3,392.2 | 3,571.7 | 3,769.6 | 3,983.5 | 4,215.5 | 4,466.7 | 4,744.2 | 5,050.4 | 5,378.2 | 5,734.4 | 5,758.1 | 5,988.4 | 5.1% |
| Europe | 2,231.6 | 2,344.8 | 2,440.7 | 2,565.0 | 2,693.2 | 2,831.5 | 2,980.4 | 3,140.6 | 3,316.3 | 3,502.7 | 3,703.6 | 3,687.4 | 3,801.8 | 4.3% |
| Asia Pacific | 7,964.0 | 8,488.3 | 9,046.7 | 9,637.2 | 10,288.7 | 10,999.5 | 11,774.5 | 12,619.1 | 13,554.5 | 14,564.2 | 15,667.7 | 15,873.9 | 16,655.9 | 6.1% |
| Latin America | 368.1 | 389.3 | 409.7 | 431.7 | 455.8 | 481.9 | 510.2 | 540.8 | 574.5 | 610.6 | 649.6 | 650.9 | 675.4 | 4.9% |
| MEA | 356.8 | 374.5 | 397.0 | 414.5 | 437.7 | 462.8 | 490.0 | 513.7 | 539.6 | 566.7 | 595.6 | 588.5 | 602.5 | 3.8% |
| Overall | 14,140.6 | 14,989.1 | 15,865.9 | 16,817.9 | 17,858.9 | 18,991.2 | 20,221.8 | 21,558.4 | 23,035.2 | 24,622.4 | 26,350.8 | 26,558.8 | 27,724.0 | 5.6% |
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