North America Healthcare Packaging Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72494

Snapshot

The healthcare packaging market share in North America is expected to increase by USD 10.23 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.52%.

This healthcare packaging market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers healthcare packaging market in North America segmentation by product (bottles, blisters, vials, pouches, and others) and geography (US, Canada, and Mexico). The North America healthcare packaging market report also offers information on several market vendors, including 3M Co., Amcor Plc, Baxter International Inc., Becton Dickinson and Co., Berry Global Inc., DS Smith Plc, DuPont de Nemours Inc., Gerresheimer AG, Sonoco Products Co., and Wihuri International Oy among others.

What will the Healthcare Packaging Market Size in North America be During the Forecast Period?

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Healthcare Packaging Market in North America: Key Drivers, Trends, and Challenges

The increased demand for parenteral containers is notably driving the healthcare packaging market growth in North America, although factors such as inefficient product labelling process may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare packaging industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare Packaging Market Driver in North America

The increased demand for parenteral containers is one of the key drivers supporting the healthcare packaging market growth in North America. Parental drugs and their containers are popular because of their high bioavailability and faster action rates of them when administered in an injectable form. They have excellent barrier properties against moisture and are sterilized using steam autoclave, gamma radiation, and peroxide sterilization methods. The use of these containers also lowers the risk of cross-contamination as they are made from highly aseptic raw materials. Moreover, the introduction and distribution of COVID-19 vaccines from late 2020 onwards in North America have driven the demand for parenteral drug containers for healthcare packaging applications in the region. Such factors will be responsible for the growth of the healthcare packaging market during the forecast period.

Key Healthcare Packaging Market Trend in North America

Smart healthcare packaging is another factor supporting the healthcare packaging market growth in North America. For instance, in the pharmaceutical and healthcare industries, the legislation and compliance standards are constantly evolving and becoming more stringent with more breakthroughs in research and the adoption of new technologies. On the other hand, the growing demand for packaging that offers moisture control due to the increase in demand for drugs with high moisture sensitivity is a key factor driving the adoption of smart packaging in healthcare applications. With the rise in the ageing population in the region, the demand for healthcare packaging that can provide reminders to elderly patients to take their medications on a timely basis is increasing. Such use cases are estimated to drive the growth of smart healthcare packaging during the forecast period.

Key Healthcare Packaging Market Challenge in North America

The inefficient product labelling process is one of the factors hindering the healthcare packaging market growth in North America. Unstructured and disparate product-related data make the drug labelling process highly manual, which is time-consuming. The labelling departments of pharmaceutical and healthcare product companies must collect the product information from multiple sources, re-write the labelling copy, and re-validate the information before developing the labelling artwork files, all of which involve a significant amount of time, labour, and financial resources. To add to this, healthcare packaging companies need to generate XML-based submissions to meet the structured product labelling standards for such products, which is also a tedious process. Such upcoming challenges may result in hampering the healthcare packaging market growth in North America during the forecast period.

This healthcare packaging market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the healthcare packaging market in North America as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the healthcare packaging market in North America during the forecast period.

Who are the Major Healthcare Packaging Market Vendors in North America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the North America healthcare packaging market encompasses successful business strategies deployed by the key vendors. The healthcare packaging market in North America is fragmented and the vendors are deploying growth strategies such as new product launches and various strategic acquisitions to compete in the market.

Product Insights and News

3M Co. - The company offers healthcare packaging under the brand name of Scotchpak.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare packaging market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Healthcare Packaging Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the healthcare packaging market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the metal and glass containers market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Healthcare Packaging Market in North America?

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72% of the market's growth will originate from the US during the forecast period. The US is the key market for healthcare packaging market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The rising ageing population will facilitate the healthcare packaging market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the US has impacted the demand for healthcare packaging in a positive manner as the supply chain network in the healthcare industry witnessed a substantial rise in demand due to the pandemic. Furthermore, the initiation of mass COVID-19 vaccination drives since the first half of 2021 led to a rise in production activities in the pharmaceutical industry, which, in turn, generated higher demand for healthcare packaging solutions. Such factors are expected to drive the growth of the healthcare packaging market in the US during the forecast period.

What are the Revenue-generating Product Segments in the Healthcare Packaging Market in North America?

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The healthcare packaging market share growth in North America by the bottles segment will be significant during the forecast period. Bottles are the most commonly used format for healthcare packaging. They remain the most widely utilized packaging type for oral medications that are distributed in bulk to retail pharmacists. The segment will also continue to dominate applications in over-the-counter (OTC) medicines sold in the form of 50 tablets and capsules, and more. The major advantage of bottles is that they ensure that the composition of products remains unaltered despite changing external environmental/climatic conditions, and therefore the contents inside do not get contaminated. Such advantages are driving the segment growth

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare packaging market size in North America and actionable market insights on post COVID-19 impact on each segment.

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Healthcare Packaging Market Scope in North America
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.52%
Market growth 2022-2026	$ 10.23 billion
Market structure	Fragmented
YoY growth (%)	4.18
Regional analysis	North America
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Amcor Plc, Baxter International Inc., Becton Dickinson and Co., Berry Global Inc., DS Smith Plc, DuPont de Nemours Inc., Gerresheimer AG, Sonoco Products Co., and Wihuri International Oy
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Healthcare Packaging Market in North America Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive healthcare packaging market growth in North America during the next five years
Precise estimation of the healthcare packaging market size in North America and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the healthcare packaging industry in North America across the US, Canada, and Mexico
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of healthcare packaging market vendors in North America

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

***1. Executive Summary

**1.1 Market Overview

*Exhibit 01: Key Finding 1

*Exhibit 02: Key Finding 2

*Exhibit 03: Key Finding 3

*Exhibit 04: Key Finding 5

*Exhibit 05: Key Finding 6

*Exhibit 06: Key Finding 7

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 07: Parent market

*Exhibit 08: Market Characteristics

**2.2 Value Chain Analysis

*Exhibit 09: Value chain analysis: Metal and glass containers market

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Operations

*2.2.4 Outbound logistics

*2.2.5 Marketing and sales

*2.2.6 Service

*2.2.7 Support activities

*2.2.8 Industry innovation

***3. Market Sizing

**3.1 Market definition

*Exhibit 10: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 11: Market segments

**3.3 Market size 2020

**3.4 Market outlook: Forecast for 2020 - 2025

*3.4.1Estimating growth rates for emerging and high-growth markets

*3.4.2 Estimating growth rates for mature markets

*Exhibit 12: Global - Market size and forecast 2021 - 2026 (million $)

*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 14: Five forces analysis 2021 - 2026

**4.2 Bargaining power of buyers

*Exhibit 15: Bargaining power of the buyer

**4.3 Bargaining power of suppliers

*Exhibit 16: Bargaining power of the supplier

**4.4 Threat of new entrants

*Exhibit 17: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 18: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 19: Threat of rivalry

**4.7 Market condition

*Exhibit 20: Market condition - Five forces 2021

***5. Market Segmentation by Product

**5.1 Market segments

*Exhibit 21 :Product- Market share 2020-2025 (%)

**5.2 Comparison by Product

*Exhibit 22: Comparison by Product

**5.3 Bottles - Market size and forecast 2021-2026

*Exhibit 23: Bottles - Market size and forecast 2021-2026 ($ million)

*Exhibit 24: Bottles - Year-over-year growth 2021-2026 (%)

**5.4 Blisters - Market size and forecast 2021-2026

*Exhibit 25: Blisters - Market size and forecast 2021-2026 ($ million)

*Exhibit 26: Blisters - Year-over-year growth 2021-2026 (%)

**5.5 Vials - Market size and forecast 2021-2026

*Exhibit 27: Vials - Market size and forecast 2021-2026 ($ million)

*Exhibit 28: Vials - Year-over-year growth 2021-2026 (%)

**5.6 Pouches - Market size and forecast 2021-2026

*Exhibit 29: Pouches - Market size and forecast 2021-2026 ($ million)

*Exhibit 30: Pouches - Year-over-year growth 2021-2026 (%)

**5.7 Others - Market size and forecast 2021-2026

*Exhibit 31: Others - Market size and forecast 2021-2026 ($ million)

*Exhibit 32: Others - Year-over-year growth 2021-2026 (%)

**5.8 Market opportunity by Product

*Exhibit 33: Market opportunity by Product

***6. Customer landscape

*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

*Exhibit 34: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*Exhibit 35: Market share by geography 2021-2026 (%)

**7.2 Geographic comparison

*Exhibit 36: Geographic comparison

**7.3US - Market size and forecast 2021-2026

*Exhibit 37: US - Market size and forecast 2021-2026 ($ million)

*Exhibit 38: US - Year-over-year growth 2021-2026 (%)

**7.4 Canada - Market size and forecast 2021-2026

*Exhibit 39: Canada - Market size and forecast 2021-2026 ($ million)

*Exhibit 40: Canada - Year-over-year growth 2021-2026 (%)

**7.5 Mexico - Market size and forecast 2021-2026

*Exhibit 41: Mexico - Market size and forecast 2021-2026 ($ million)

*Exhibit 42: Mexico - Year-over-year growth 2021-2026 (%)

**7.6 Market opportunity by geography

*Exhibit 43: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Increased demand for parenteral containers

*8.1.2 Increased demand for healthcare packaging in emerging economies

*8.1.3 Sustainable packaging

*8.1.4 Inefficient product labeling process

*8.1.5 Stringent regulations for healthcare packaging

*8.1.6 Increasing pricing pressures

*Exhibit 44: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Smart healthcare packaging

*8.3.2 Personalized healthcare packaging

***9. Vendor Landscape

**9.1 Overview

*Exhibit 45: Vendor landscape

**9.2 Landscape disruption

*Exhibit 46: ?Landscape disruption?

*Exhibit 47: Industry Risk

***10. Vendor Analysis

**10.1 Vendors Covered

*Exhibit 48: Vendor Landscape

**10.2 Market positioning of vendors

*Exhibit 49: ?Market positioning of vendors?

*10.3 3M Co.

*Exhibit 50: 3M Co. - Overview

*Exhibit 51: 3M Co. - Business segments

*Exhibit 52: 3M Co. - Key offerings

*Exhibit 53: 3M Co. - Segment focus

**10.4 Amcor Plc

*Exhibit 54: Amcor Plc - Overview

*Exhibit 55: Amcor Plc - Business segments

*Exhibit 56: Amcor Plc - Key offerings

*Exhibit 57: Amcor Plc - Segment focus

**10.5 Baxter International Inc.

*Exhibit 58: Baxter International Inc. - Overview

*Exhibit 59: Baxter International Inc. - Business segments

*Baxter International Inc.- Key news

*Exhibit 60: Baxter International Inc. - Key offerings

*Exhibit 61: Baxter International Inc. - Segment focus

**10.6 Becton Dickinson and Co.

*Exhibit 62: Becton Dickinson and Co. - Overview

*Exhibit 63: Becton Dickinson and Co. - Business segments

*Exhibit 64: Becton Dickinson and Co. - Key offerings

*Exhibit 65: Becton Dickinson and Co. - Segment focus

**10.7 Berry Global Inc.

*Exhibit 66: Berry Global Inc. - Overview

*Exhibit 67: Berry Global Inc. - Business segments

*Exhibit 68: Berry Global Inc. - Key offerings

*Exhibit 69: Berry Global Inc. - Segment focus

**10.8 DS Smith Plc

*Exhibit 70: DS Smith Plc - Overview

*Exhibit 71: DS Smith Plc - Business segments

*Exhibit 72: DS Smith Plc - Key offerings

*Exhibit 73: DS Smith Plc - Segment focus

**10.9 DuPont de Nemours Inc.

*Exhibit 74: DuPont de Nemours Inc. - Overview

*Exhibit 75: DuPont de Nemours Inc. - Business segments

*Exhibit 76: DuPont de Nemours Inc. - Key offerings

*Exhibit 77: DuPont de Nemours Inc. - Segment focus

**10.10 Gerresheimer AG

*Exhibit 78: Gerresheimer AG - Overview

*Exhibit 79: Gerresheimer AG - Business segments

*Exhibit 80: Gerresheimer AG - Key offerings

*Exhibit 81: Gerresheimer AG - Segment focus

**10.11 Sonoco Products Co.

*Exhibit 82: Sonoco Products Co. - Overview

*Exhibit 83: Sonoco Products Co. - Business segments

*Exhibit 84: Sonoco Products Co. - Key offerings

*Exhibit 85: Sonoco Products Co. - Segment focus

**10.12 Wihuri International Oy

*Exhibit 86: Wihuri International Oy - Overview

*Exhibit 87: Wihuri International Oy - Product and service

*Exhibit 88: Wihuri International Oy - Key offerings

***11. Appendix

**11.1 Scope of the report

*11.1.1 ????Market definition

*11.1.2 ????Objectives

*11.1.3 ????Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 89: ?Currency conversion rates for US$?

**11.3 Research Methodology

*Exhibit 90: ?Research Methodology

*Exhibit 91: ??Validation techniques employed for market sizing?

*Exhibit 92: ??Information sources

**11.4 List of abbreviations

*Exhibit 93: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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