U.S. Medical Flexible Packaging Market Size & Outlook
U.S. medical flexible packaging market, 2018-2030 (US$M)
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U.S. medical flexible packaging market highlights
- The U.S. medical flexible packaging market generated a revenue of USD 4,059.0 million in 2023 and is expected to reach USD 5,765.1 million by 2030.
- The U.S. 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.
Medical flexible packaging market data book summary
| Market revenue in 2023 | USD 4,059.0 million |
| Market revenue in 2030 | USD 5,765.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| 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, U.S. accounted for 21.4% 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 North America, U.S. medical flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 95.9 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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U.S. 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 66.79% in 2023. Horizon Databook has segmented the U.S. medical flexible packaging market based on plastics, paper, aluminum, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is expected to remain the largest market in North America for medical flexible packaging over the forecast period. The rising pharmaceutical innovation and growing research on medical devices are expected to drive the demand for these products. The presence of advanced medical device manufacturers with specialized packaging needs is expected to drive the market.
The growing financial stability is expected to have a positive impact on the market growth. Polymers is expected to remain the largest materials segment over the forecast period. The growing number of plastic and resin manufacturers supplying raw materials to healthcare companies is expected to drive the demand for polymers.
Polypropylene and polyethylene are the fastest-growing polymer subsegments. However, the oil prices have affected the raw material prices, owing to which the market growth is expected to take place at a much slower rate.
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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 country-level data and insights on the U.S. medical flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical flexible packaging market size, by material, 2018-2030 (US$M)
U.S. Medical Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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