Global Medical Flexible Packaging Market Size to Exceed USD 36.05 Billion by 2035 | CAGR of 5.38%
Category: HealthcareGlobal Medical Flexible Packaging Market Size to Exceed USD 36.05 Billion by 2035
According to a research report published by Spherical Insights & Consulting, The Global Medical Flexible Packaging Market Size is expected to Grow from USD 20.25 Billion in 2024 to USD 36.05 Billion by 2035, at a CAGR of 5.38% during the forecast period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on the “Global Medical Flexible Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Paper, Aluminum, and Bioplastics), By Product (Seals, High Barrier Films, Wraps, Pouches & Bags, Lids & Labels, and Others), By End-use (Pharmaceutical Manufacturing, Medical Device Manufacturing, Implant Manufacturing, Contract Packaging, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/medical-flexible-packaging-market
The medical flexible packaging market is an industry that focuses on the creation and supply of packaging solutions for medical devices and pharmaceuticals using flexible materials. It includes the use of packaging materials such as films, pouches, and wraps for protecting and delivering medical products. Inclination towards portability and convenience, along with the adoption of flexible packaging in the medical field, is supporting the medical flexible packaging market. Demand for sustainable packaging solutions, with the upsurging advancement in medical device and equipment designing and packaging, is offering growth opportunities among key market players in the medical flexible packaging market. The adoption of advanced healthcare technology across several developing and developed nations, with government support contributing to driving the market for medical flexible packaging. On the contrary, the raw material price volatility and emphasis on the production of sustainable products are challenging the medical flexible packaging market.
The plastic segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the material, the medical flexible packaging market is divided into plastic, paper, aluminum, and bioplastics. Among these, the plastic segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Plastic materials used in medical flexible packaging include polyethylene and polypropylene. Several properties of plastic materials for medical packaging, including moisture barrier, oxygen barrier, sterilization compatibility, and durability, are responsible for driving the market.
The pouches & bags segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product, the medical flexible packaging market is divided into seals, high barrier films, wraps, pouches & bags, lids & labels, and others. Among these, the pouches & bags segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Pouches and bags are used for protecting products from contamination, chemical resistance, and light while extending shelf life. The ease of handling and usage of medical products is contributing to propel the market in the pouches & bags segment.
The pharmaceutical manufacturing segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-use, the medical flexible packaging market is divided into pharmaceutical manufacturing, medical device manufacturing, implant manufacturing, contract packaging, and others. Among these, the pharmaceutical manufacturing segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The expanding pharmaceutical industry, along with the development of new drugs and therapies, is driving the market growth for medical flexible packaging.
Asia Pacific is expected to hold the majority share of the global medical flexible packaging market during the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the majority share of the global medical flexible packaging market during the forecast period. An increasing healthcare expenditure, as well as demand for sterile & sustainable packaging solutions, is driving the medical flexible packaging market. Further, the need for convenient packaging, along with the emergence of innovative packaging, is contributing to propelling the market demand.
North America is anticipated to grow at the fastest pace in the global medical flexible packaging market during the forecast period. The growing need for convenience in the healthcare sector, as well as a shift towards user-friendly & accessible packaging solutions, is driving the market demand. The growth of blister packaging in the region is contributing to promoting the market for medical flexible packaging.
Europe is anticipated to hold a substantial revenue share of the medical flexible packaging market during the projected timeframe. Strict regulations and standards for medical packaging, including EU’s medical device regulation (MDR) and GMP guidelines, are contributing to driving the market. Additionally, region’s aging population and growing prevalence of chronic diseases, driving medication demand, thereby escalating the market growth.
Major vendors in the global medical flexible packaging market are Amcor plc, AptarGroup, Inc., BD (Becton, Dickinson and Company), Berry Global Inc., WINPAK LTD., Sealed Air, Mondi, Huhtamaki Oyj, Coveris, WestRock Company, Datwyler Holding Inc., Catalent, Inc., CCL Industries, Inc., Gerresheimer, Bemis Company, Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In November 2023, Austrian packaging company Coberis developed and launched a new recyclable thermoforming film packaging solution, called MonoFlex Thermoform. The solution has been designed to serve as a sustainable alternative to replace traditional non-recyclable materials used for thermoforming packaging in the food industry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the medical flexible packaging market based on the below-mentioned segments:
Global Medical Flexible Packaging Market, By Material
- Plastic
- Paper
- Aluminum
- Bioplastics
Global Medical Flexible Packaging Market, By Product
- Seals
- High Barrier Films
- Wraps
- Pouches & Bags
- Lids & Labels
- Others
Global Medical Flexible Packaging Market, By End-use
- Pharmaceutical Manufacturing
- Medical Device Manufacturing
- Implant Manufacturing
- Contract Packaging
- Others
Global Medical Flexible Packaging Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?