Flexible Packaging for Healthcare Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Flexible Packaging for Healthcare Market in 2025 is estimated at USD 18.05 billion. The global Market size was valued at more than USD 17.11 billion in 2024 and is expected to register a CAGR of over 6.9%, exceeding USD 40.73 billion revenue by 2037. Asia Pacific is set to approach largest share by 2037, driven by rising health expenditure per capita, escalating spending capacity, and a growing population with disposable income in the region.
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.
