Latin America Medical Flexible Packaging Market Size & Outlook
Latin America medical flexible packaging market, 2018-2030 (US$M)
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Latin America medical flexible packaging market highlights
- The Latin America medical flexible packaging market generated a revenue of USD 481.9 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 481.9 million |
| Market revenue in 2030 | USD 675.4 million |
| Growth rate | 4.9% (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, Latin America region accounted for 2.5% 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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Latin America 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 77.03% in 2023. Horizon Databook has segmented the Latin America medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is expected to witness an increase in imports and utilization of medical equipment such as cardio respiratory systems which are anticipated to drive the market growth over the forecast period.
Portable and mobile equipment such as bracelet-type blood pressure machines and portable x-ray machines are anticipated to witness demand across the region which is likely to provide positive scope for product demand.
An increasing number of respiratory diseases due to smoking and environment-related factors is expected to drive the expansion of the pharmaceutical industry in Central & South America, which is anticipated to drive the demand for aluminum-based flexible packaging.
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Target buyers of Latin America 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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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 continent-level data and insights on the Latin America medical flexible packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical flexible packaging market size, by country, 2018-2030 (US$M)
Latin America Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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