Pharmaceutical Packaging Market in North America 2017-2021

The infographic below contains key findings from our analysis of the pharmaceutical packaging market in North America

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Overview of the pharmaceutical packaging market in North America

As per the Technavio’s pharmaceutical packaging market research report, the market in North America is expected to grow at a steady rate and post a CAGR of close to 5% during the forecast period. The growing demand for blister packaging will drive the growth prospects for the pharmaceutical packaging market in North America during the projected period. Blister packaging uses different category material components, where a sheet of plastic is converted into cavities to hold the product by heat or force. The cavity to hold the product or pharmaceutical drugs can be made from thermoformed plastic or by cold stretching and the lid can be made by combining plastic and paper. Benefits such as the protection of drugs against adverse conditions and the ability to retain product integrity will increase the demand of blister drug packaging, which in turn, will fuel the growth prospects for the pharmaceutical packaging market in North America.

The increasing popularity of rigid plastic for pharmaceuticals is one of the major trends influencing the market’s growth. With growing demand for polyethylene terephthalate (PET) and polyethylene (PE) as the primary plastics used for consumer manufacturing, the coming years will witness the growth of the rigid plastic packaging market. This in turn, will positively impact the growth of the pharmaceutical packaging market in North America.

Competitive landscape and key vendors

The pharmaceutical packaging market in North America consists of a large number of vendors. Factors such as an increase in technological innovations, stringent government regulations, and the need to maintain quality standards, will intensify the market’s competitive environment. Few vendors possess greater technical and financial resources and have the ability to develop better products than their competitors, which would make the products of their competitors obsolete.

Key vendors in this market are -

• Amcor
• Bemis
• Owens-Illinois
• West Pharmaceutical Services
• WestRock

Other prominent vendors in the market include American Health Packaging, Barger Packaging, Becton, Dickinson and Company, CWS Contract Packaging, SCHOTT, and Winpak.

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Segmentation by packaging type and analysis of the pharmaceutical packaging market in North America

• Pharmaceutical plastic packaging
• Pharmaceutical blister packaging
• Pharmaceutical parenteral containers packaging

The pharmaceutical plastic packaging market in North America accounted for the majority market shares during 2016 and is likely to experience a high growth rate during the estimated period as well. The market is experiencing a high demand for plastic packaging that is made from low-density polyethylene since they are increasingly used to store non-sterile pharmaceutical liquids. To ensure that the final products and the materials they are made are safe for health, the manufacturers of pharmaceutical plastic packaging materials increasingly focus on following the quality standards, such as ISO 9001, ISO 14001, and OHSAS 18001.  

Growth drivers, challenges, and upcoming trends: child-resistant packaging materials

The increasing manufacture of child-resistant packaging materials will accelerate the growth of the pharmaceutical packaging market in North America. Manufacturers are increasingly introducing features such as improved peeling ability, printability, and protective qualities to prevent children from accessing pharmaceutical contents, which will influence the growth of the pharmaceutical packaging industry.

This pharmaceutical packaging market report provides a number of factors contributing to the adoption, limitations, and opportunities of the pharmaceutical packaging market in North America. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the pharmaceutical packaging market in North America?
• What are the key market trends impacting the growth of the pharmaceutical packaging market in North America?
• What are the challenges to market growth?
• Who are the key vendors in the pharmaceutical packaging market in North America?
• What are the market opportunities and threats faced by the vendors in the pharmaceutical packaging market in North America?
• What are the trending factors influencing the market shares of North America?
• What are the key outcomes of the five forces analysis of the pharmaceutical packaging market in North America?