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Medical Flexible Packaging Market Trends

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

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Medical Flexible Packaging Market Trends

The medical flexible packaging industry is evolving rapidly. Smart packaging with RFID tags and sensors is gaining traction, improving product safety and traceability. Unit-dose packaging is becoming more common, catering to the rise of home healthcare. As biologics and personalized medicine grow, packaging solutions are adapting with better barrier properties. New film and coating technologies are extending product shelf life. The industry is consolidating through mergers and acquisitions, expanding technological capabilities and market reach. There is also a push for cost-effective packaging that maintains quality, especially in emerging markets where healthcare access is growing. These trends are shaping a more efficient, safe, and accessible medical packaging landscape. For instance, in August 2023, Amcor plc has announced its acquisition of Phoenix Flexibles, a move aimed at enhancing its production capacity in the rapidly growing Indian market.

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.