South Africa Medical Flexible Packaging Market Size & Outlook
South Africa medical flexible packaging market, 2018-2030 (US$M)
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South Africa medical flexible packaging market highlights
- The South Africa medical flexible packaging market generated a revenue of USD 66.6 million in 2023 and is expected to reach USD 88.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4% 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 66.6 million |
| Market revenue in 2030 | USD 88.0 million |
| Growth rate | 4% (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, South Africa accounted for 0.4% 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 Middle East & Africa, South Africa medical flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 88.0 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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South Africa 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 74.62% in 2023. Horizon Databook has segmented the South Africa medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The South African medical flexible packaging market is driven by the increasing demand for advanced healthcare services, growing pharmaceutical and medical devices industries, and rising consumer awareness regarding the importance of sterile and safe packaging in healthcare.
Major players in the South African medical flexible packaging market are Mondi Group, Nampak, Constantia Flexibles, Afripack, and Flexicon. These companies are investing in research and development to innovate new products and solutions, in order to meet the increasing market demand.
Furthermore, the South African government is also promoting the growth of the medical industry by providing incentives to local manufacturers and by improving healthcare infrastructure; this will boost the growth of the medical flexible packaging market in South Africa in the coming years.
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Target buyers of South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa medical flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical flexible packaging market size, by material, 2018-2030 (US$M)
South Africa Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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