The global medical flexible packaging market size was US$ 16.1 billion in 2021. The global medical flexible packaging market is forecast to grow to US$ 28.4 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The demand for flexible packaging products in the medical and pharmaceutical sectors is growing steeply due to improving healthcare infrastructure and rising demand for novel devices. In addition, the benefits of medical flexible packaging products, such as efficient variety, low requirement for raw material, and lightweight, are forecast to fuel the growth of the market. Furthermore, the fact that medical flexible packaging is easy to dispose of will amplify its demand during the forecast period.

Other factors, such as the growing population and increasing disposable income, will exhibit huge growth potential for the medical flexible packaging market. On the contrary, the high cost of packaging may limit the growth of the market during the forecast period.

The growing prevalence of diseases has upsurged the demand to escalate R&D activities and bring new innovations to the market. It is forecast to be opportunistic for the companies thriving in the medical flexible packaging market.

Regional Analysis

The Asia-Pacific medical flexible packaging market is forecast to grow at the highest rate due to the rising individual spending on healthcare. Furthermore, the demand for efficient medical products is increasing in emerging economies, such as India and China. As a result, it will be opportunistic for the medical flexible packaging market.

North America is forecast to emerge as a significant contributor to the medical flexible packaging market, owing to the improving economic outlook and rising number of innovations on barrier materials in the region. In addition, the presence of renowned manufacturers, such as Amcor and Bemis will boost the growth of the medical flexible packaging market.

COVID-19 Impact Analysis

The global COVID-19 pandemic has been positive for the healthcare sector. Even though various segments witnessed an abrupt loss in terms of revenue, the global medical flexible packaging market witnessed lucrative growth opportunities. The demand for high-quality medical devices increased from the healthcare bodies, majorly in India and China. Furthermore, governments' push towards improving healthcare and medical infrastructure and offering efficient healthcare services to the citizens further augmented the medical flexible packaging market growth.

In addition to that, the pandemic highlighted the need for increasing R&D activities and introducing novel pharmaceutical innovations. Thus, the demand for medical flexible packaging increased as a result of the COVID-19 pandemic.

Competitors in the Market

Bemis Company, Inc.
WestRock, Aptar, Inc.
Dtwyler Holding, Inc.
Becton, Dickinson & Company
Berry Global
Catalent Pharma Solutions
Coveris S.A.
Winpak Ltd.
Sealed Air
Amcor
Mondi
CCL Industries, Inc.
Gerresheimer
Other Prominent Players
Market Segmentation

The global medical flexible packaging market segmentation focuses on Material, Product, End-Use, and Region.

By Material Outlook

Plastics
Paper
Aluminum
Others
By Product Outlook

Seals
High Barrier Films
Wraps
Pouches & Bags
Lids & Labels
Others
By End-Use Outlook

Pharmaceutical Packaging
Medical Device Packaging
Implant Packaging
Contract Packaging
Others
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America