Market Insights
As per recent research by MarkNtel Advisors, The North America Pharmaceutical Blister Packaging Market size was valued at USD 3.2 billion in 2023 & is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30.
North America Pharmaceutical Blister Packaging Market Driver:
Rising Spending Capitals by Pharmaceutical Sector to Expand Drugs Manufacturing to Influence the Market Growth – With the surging percentage of individuals suffering from several types of diseases, North America is witnessing high demand for medication & drugs. Also, in consideration of the recent market situation the pharma sector is investing heavily in R&D activities to enrich & modernize the current production lines. The sector is spending capital on the development of new products & to suffice the need for existing drugs. Numerous leading players have several pharmaceutical drugs in their R&D pipeline. For instance:
- In 2023, Eli Lilly and Co announced that it would make an additional investment in its new manufacturing sites in the US to support the production of its recently approved cancer drug.
Hence, owing to the rising R&D activities & investment by the companies to launch or produce new drugs or medication is creating a massive opportunity for the North America Pharmaceutical Blister Packaging Market. Further, the region is following an advanced & newer manufacturing process, which is more flexible & could expedite the production process, thus strengthening domestic drug manufacturing to sustain the medical requirement of the patients. Therefore, with the soaring production of drugs & medication, owing to the upscaling population suffering from diseases, there would be a boost in demand for packaging. This, in turn, would aid in creating a positive market outlook in the upcoming years.
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Market Segmentation and Consumer Behavior:
By Material Type
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polyvinylidene chloride (PVDC)
- 20 GSM
- 40 GSM
- 60 GSM
- 90 GSM
- 120 GSM
- Aclar Films
- 15 microns
- 23 microns
- 51 microns
- Aluminum
- Others (Polyolefin (PO), Paper Solutions, etc.)
By Technology
- Thermoforming
- Cold Forming
By Application
- Tablets & Capsules
- Syringes
- Ampoules
- Medical Device
- Others (Vials, etc.)
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North America Pharmaceutical Blister Packaging Market Geographical Analysis:
By Region:
- The US
- Canada
- Mexico
Key Players and Competitive Strategies in the North America Pharmaceutical Blister Packaging Market
Several prominent players dominate the North America Pharmaceutical Blister Packaging Market, including:
- Amcor PLC
- Westrock Company
- Constantia Flexibles
- Sonoco Products Company
- Honeywell International Inc
- Klockner Pentaplast
- Gerresheimer AG
- Rohrer Corporation
- Aphena Pharma Solutions
- Winpack Ltd.
- Others
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Questions Addressed in this Study
1.What factors are driving the North America Pharmaceutical Blister Packaging Market growth?
2.How is the North America Pharmaceutical Blister Packaging Market expected to grow over the next five years?
3.What are the key insights into the current trends in the North America Pharmaceutical Blister Packaging Market?
4.What is the current size of the North America Pharmaceutical Blister Packaging Market, and how is it projected to change in the future?
6.What is the future outlook for the North America Pharmaceutical Blister Packaging Market in terms of technological advancements and market expansion?
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