China Medical Flexible Packaging Market Size & Outlook
China medical flexible packaging market, 2018-2030 (US$M)
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China medical flexible packaging market highlights
- The China medical flexible packaging market generated a revenue of USD 5,616.3 million in 2023 and is expected to reach USD 8,422.9 million by 2030.
- The China market is expected to grow at a CAGR of 6% 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.
Medical flexible packaging market data book summary
| Market revenue in 2023 | USD 5,616.3 million |
| Market revenue in 2030 | USD 8,422.9 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 29.6% of the global medical flexible packaging market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,594.1 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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China 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 77.37% in 2023. Horizon Databook has segmented the China medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Packaging market in China is expected to become the largest in the world in the coming years. Growing population, rising purchasing power of consumers, increasing number of small households, and increasing health awareness among the masses in the country are fueling the growth of packaging market in China.
The traditional and cheap packaging products developed from paper and cardboard still dominate the market. However, the changing household structures and the growing pharmaceuticals industry are contributing to the demand for modern plastic packaging in the country.
Although the usage of low-cost, standardized packaging machines remains the highest in China, the demand for high-quality and -performance machines with increased durability and low scrap rates is also on the rise in the country. As consumers in China are increasingly attracted to Western products, local manufacturers are also making efforts to offer modern packaging products to consumers.
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Target buyers of China 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 country-level data and insights on the China medical flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into China medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China medical flexible packaging market size, by material, 2018-2030 (US$M)
China Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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