India Medical Flexible Packaging Market Size & Outlook
India medical flexible packaging market, 2018-2030 (US$M)
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India medical flexible packaging market highlights
- The India medical flexible packaging market generated a revenue of USD 2,288.3 million in 2023 and is expected to reach USD 3,594.1 million by 2030.
- The India market is expected to grow at a CAGR of 6.7% 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 2,288.3 million |
| Market revenue in 2030 | USD 3,594.1 million |
| Growth rate | 6.7% (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, India accounted for 12.0% 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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India 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 75.6% in 2023. Horizon Databook has segmented the India medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
A continuous increase in the number of polymer manufacturers in India drives the growth of medical flexible packaging market in the country. The presence of companies such as Huhtamaki and UFlex in India is contributing to the growth of the market in the country.
Plastic manufacturing is increasing rapidly in India owing to the surged demand for products in various shapes and sizes. The future demand for these products in India highly relies on the introduction of renewable packaging materials owing to the growing plastic disposal issues being witnessed in the country.
Polymers segment is expected to lead the market in the country over the forecast period owing to the presence of a large number of oil refineries in India. The easy availability of raw materials in the country for developing polymers is fueling the growth of this segment of medical flexible packaging market in India.
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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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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 country-level data and insights on the India medical flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into India medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical flexible packaging market size, by material, 2018-2030 (US$M)
India Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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