Europe Medical Flexible Packaging Market Size & Outlook
Europe medical flexible packaging market, 2018-2030 (US$M)
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Europe medical flexible packaging market highlights
- The Europe medical flexible packaging market generated a revenue of USD 2,831.5 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,831.5 million |
| Market revenue in 2030 | USD 3,801.8 million |
| Growth rate | 4.3% (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, Europe region accounted for 14.9% 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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Europe 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 74.33% in 2023. Horizon Databook has segmented the Europe medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Slowdown in the pharmaceutical industry growth in France, Germany, and Italy due to the shifting of manufacturing base to regions with lower manufacturing costs is expected to impact the medical flexible packaging market. However, increasing R&D spending by the pharmaceutical industry in Europe is expected to indirectly drive the demand for medical flexible packaging over the forecast period.
The demand for polymers is expected to decline gradually over the forecast period owing to the growing demand for paper and other eco-friendly substitutes. Polypropylene is expected to remain the largest polymer sub-segment over the forecast period owing to the presence of a large number of extruding facilities in the region.
High-barrier films and wraps are the fastest-growing product segments in the region. Rising innovations in the development of efficient packaging materials are driving the demand for these product segments. The lids & labels segment is also expected to grow at a moderate pace owing to the introduction of new labeling technologies and the implementation of stricter regulations for medical device labeling in Europe.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe medical flexible packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical flexible packaging market size, by country, 2018-2030 (US$M)
Europe Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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