North America Medical Flexible Packaging Market Size & Outlook
North America medical flexible packaging market, 2018-2030 (US$M)
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North America medical flexible packaging market highlights
- The North America medical flexible packaging market generated a revenue of USD 4,215.5 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating material in 2023.
- Bioplastics is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,215.5 million |
| Market revenue in 2030 | USD 5,988.4 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| 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, North America region accounted for 22.2% 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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North 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 67.15% in 2023. Horizon Databook has segmented the North America medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
North America is the largest medical flexible packaging market in the world. The market in the region is driven by the improving economic outlook and continuous innovation in barrier materials. Material innovations are expected to drive the market over the forecast period.
The presence of major players, such as Amcor plc and Bemis Manufacturing Company, is expected to further boost the market growth over the forecast period. Plastics was the major material segment in North America medical flexible packaging market in 2023.
The demand is expected to remain high for polymers such as polyvinyl chloride and polypropylene. Polyethylene consumption is expected to witness significant growth over the forecast period due to its recyclability. Paper is expected to be the fastest-growing material segment due to innovation in highstrength paper and the introduction of various shapes and sizes in that material.
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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 North America medical flexible packaging market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America medical flexible packaging market size, by country, 2018-2030 (US$M)
North America Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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