Medical Flexible Packaging Market Size Worth $ 28.32 Billion By 2032 | CAGR: 5.2%

The global medical flexible packaging market size is expected to reach USD 28.32 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Flexible Packaging Market Share, Size, Trends, Industry Analysis Report, By Product Type (Seals, High Barrier Films, Wraps, Pouches & Bags, Lids & Labels, Others); By Material Type; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing global population is forcing countries to increase the production of necessary products, from agriculture to medicine. This is fueling the expansion of medical, food, and other industries in the world. This trend is likely to facilitate a favorable market for medical flexible packaging over the forecast period. In addition, the increasing prevalence of new health problems with changing consumer eating patterns is anticipated to create demand for the medical packaging industry in the long run.

The changing medical requirements are further encouraging producers to invest in new product development activities, driving innovations in the medical flexible packaging industry. For instance, in February 2024, Aptar CSP Technologies, in collaboration with ProAmpac, announced the launch of active moisture-adsorbents for medical applications, primarily for drugs, probiotics, continuous glucose monitoring devices, and more.

The firm's increasing focus on adopting efficient packaging for their medicinal goods is that it can cause huge costs to patients, driving the use of prominent packaging for sealing, wrapping, and labeling medicines and healthcare equipment. The increasing production of convenient and flexible medical packaging tools is promoting their availability in the marketplace, leading to stable market prices that are affordable to pharmaceutical companies. Furthermore, the growing manufacturing of medicines is expected to necessitate the need for durable packaging over the forecast period.

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The ongoing studies exploring the production of medical flexible packaging are likely to propel market expansion in the next few years. For instance, in November 2023, Coveris, a medical packaging producer, announced the launch of a new flexible and recyclable thermoforming solution, Formpeel P, for medical packaging applications.

Additionally, the significant rise in demand for medical flexible packaging is motivating companies to boost their brand coverage and production capacity in the marketplace. For instance, in July 2023, Olive Healthcare Packaging completed the acquisition of EK-Pack Folien, a film and foil technology producer, to expand its medical packaging production capacity.

Medical Flexible Packaging Market Report Highlights

• Pouches & bags segment is anticipated to witness the highest growth in the coming years due to its convenience and potential to protect medicines from bacteria.
• Plastic segment accounted for the largest market share owing to its potential to promote the durability of pharmaceutical products effectively.
• Pharmaceutical manufacturing segment is projected to experience a larger revenue share due to the increasing development of pharmaceutical drugs and therapeutics.
• APAC is projected to register the fastest growth during the forecast period, attributable to increasing government policies to promote the healthcare industry.
• The global players include Amcor Limited, Aptar Group, Becton Dickinson & Company Catalent, Berry Group, Bemis Company, & Constantia Flexibles.

Polaris Market Research has segmented the medical flexible packaging market report based on product type, material type, end-user, and region:

Medical Flexible Packaging, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Seals
• High Barrier Films
• Wraps
• Pouches & Bags
• Lids & Labels
• Others

Medical Flexible Packaging, Material Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Plastics
• Paper
• Aluminum
• Bioplastics
• Others

Medical Flexible Packaging, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

• Pharmaceutical Manufacturing
• Medical Device Manufacturing
• Implant Manufacturing
• Contract Packaging
• Others

Medical Flexible Packaging, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of APAC
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Medical Flexible Packaging Market Report Scope