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Medical Flexible Packaging Market Size

Report ID: GMI12186
Published Date: Nov 2024
Report Format: PDF

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Medical Flexible Packaging Market Size

The global medical flexible packaging market was valued at USD 19.5 billion in 2023 and is estimated to grow at a CAGR of 5.8% from 2024 to 2032.

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The medical flexible packaging industry is growing due to increased demand for advanced healthcare products, sterile packaging, and sustainable solutions. An aging population and expanding pharmaceutical sector drive the need for safe, user-friendly packaging. Strict regulations push innovation in barrier protection and sterilization. The industry is moving towards eco-friendly materials, focusing on recyclability, and reduced environmental impact. Advances in materials science and smart packaging technologies are shaping the market's future, with growth expected globally.

Medical Flexible Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Medical Flexible Packaging Market Size in 2023:	USD 19.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.8%
2032 Value Projection:	USD 32.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	260
Segments covered:	Material, Product, Application
Growth Drivers:	Rising demand for healthcare products Stringent regulatory requirements Sterility and contamination prevention Rise in home healthcare services Advancements in material science and technological innovations
Pitfalls & Challenges:	Regulatory compliance Material performance & compatibility

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For instance, in October 2023, Coveris launched recyclable thermoforming film Formpeel P for medical packaging. Co-extruded puncture-resistant Formpeel P film is available on a peelable polyethylene (PE) or polyolefin (PO) base. Combined with a sustainable lidding film, the thermoformable polyamide-free bottom films comprise a sustainable packaging alternative for medical products. The materials withstand ethylene oxide, plasma, and gamma sterilization.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for medical flexible packaging was valued at USD 19.5 billion in 2023 and is expected to reach USD 32.4 billion by 2032, driven by a CAGR of 5.8% from 2024 to 2032.

Plastics dominated the market with over 70% share in 2023, driven by their versatility, lightweight nature, and strong barrier properties.

North America held over 35% market share in 2023, driven by the advanced healthcare system and stringent regulations in the U.S.

Major players in the industry include 3M, Amcor, Aptar Group, Berry Global, Billerud, Borealis, CCL Industries, Colorflex, Constantia Flexibles, and Coveris.