Asia Pacific Medical Flexible Packaging Market Size & Outlook
Asia Pacific medical flexible packaging market, 2018-2030 (US$M)
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Asia Pacific medical flexible packaging market highlights
- The Asia Pacific medical flexible packaging market generated a revenue of USD 10,999.5 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 10,999.5 million |
| Market revenue in 2030 | USD 16,655.9 million |
| Growth rate | 6.1% (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 |
| Key market players worldwide | Amcor PLC, AptarGroup Inc, BD, Berry Global Group Inc, Winpak Ltd, Sealed Air Corp, Mondi PLC, Huhtamäki Oyj, Coveris, WestRock Co, Daetwyler Holding AG, Catalent Inc, CCL Industries Inc Registered Shs -B- Non Vtg, Gerresheimer AG ADR, Amcor |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 57.9% of the global medical flexible packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,655.9 million by 2030.
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Medical Flexible Packaging Market Scope
Medical Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 76.17% in 2023. Horizon Databook has segmented the Asia Pacific medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific was the largest market for medical flexible packaging in 2023 in the world due to growing demand for this packaging from China and India. The flourishing healthcare industry and the rising per capita healthcare expenditure in these countries are expected to have a positive impact on the growth of medical flexible packaging.
The surging number of generic and contract manufacturing facilities of medicines in Asia Pacific is also expected to have a positive impact on the demand for medical packaging in the region. Among materials, plastics segment dominated the market in the region in 2023, owing to the presence of a large number of polymer manufacturing facilities in Asia Pacific.
The abundant availability of raw materials, coupled with the presence of a large number of refineries, is expected to boost the production for polymers in the region over the forecast period. Polypropylene and polyethylene terephthalate are expected to be the key polymers used in Asia Pacific in the coming years owing to their growing application in various end-use industries.
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Target buyers of Asia Pacific 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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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 continent-level data and insights on the Asia Pacific medical flexible packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical flexible packaging market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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