The North America healthcare flexible packaging market size was valued at USD 8.1 billion in 2019 and is anticipated to expand at a CAGR of 5.4% over the forecast period. Factors such as large consumption of high-value drugs, and high health awareness are few factors attributed to the industry growth.

In addition, the U.S. pharmaceutical market has been witnessing substantial growth since the past few years owing to the rising prevalence of chronic diseases, aging population, and advancements in pharmaceutical research and development.

The market growth can be attributed to the recent increase in the usage of disposable medical products. A large number of medical products used in modern healthcare facilities, such as scalpels, thermometers, syringes, needles, pre-filled syringes, and trays, are available as disposables. As these products offer benefits such as a reduction in risk of cross-contamination, safety, sterility, and convenience of usage, the demand for plastic and paper packaging materials has increased.

Retorting is Pouches and bags segment achieved the highest market penetration in terms of revenue among other product types in industry in 2019. Amcor plc is among the leading providers of pouches and bags in the market. Wide-scale adoption of pouches and bags for the packaging of medical and diagnostic equipment has led to its highest share in 2019. Other product types such as sachets and stick packs are also exhibiting significant growth owing to the increasing preference for convenient and unit dose packaging.

Various technology developments in the industry such as Activ-Blister desiccant film technology, childproof and senior citizen-friendly packaging, and counterfeiting technologies that protects the packed products and prevents counterfeiting are expected to propel market growth over the forecast period.