Flexible Packaging for Healthcare Market Size

Flexible Packaging For Healthcare Market size was over USD 17.11 billion in 2024 and is anticipated to cross USD 39.75 billion by 2037, growing at more than 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flexible packaging for healthcare is estimated at USD 18.03 billion..

The growth of the market can be attributed to the rising health expenditure per capita across the globe since the surge in health expenditure is observed to have a significant impact on health outcomes. Health expenditure is known to include all the aspects of health services from production to distribution and provision. As per the data provided by the World Bank, the world health expenditure was estimated to reach 1,121.9 U.S. dollars in 2019. 

Global flexible packaging for healthcare market trends such as, the skyrocketing sales volume of tablets & capsules and rising government initiatives for the development of drugs and medicines are projected to influence the growth of the market positively over the forecast period. For instance, the tablet segment is projected to reach a total volume of approximately USD 55 billion in 2018 while in 2022, the shipment of tablets across the globe hit nearly 40 million units. Moreover, the rising production of corrugated boards is further anticipated to hike the market growth over the forecast period. As of 2020, the production of corrugated board was expected to reach approximately 170 million tons. Hence, all these factors are estimated to hike the growth of the market over the forecast period.