Overview of North America Pharmaceutical Blister Packaging Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the North America Pharmaceutical Blister Packaging Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers country estimates, forecasts, and trend analyses for various countries.
Report’s Study Period:
- Historical period: 2018 – 2021
- Base Year: 2022
- Forecasting period: 2023 – 2028
Insights and Analysis of the North America Pharmaceutical Blister Packaging Market for the Period 2023-2028:
The North America Pharmaceutical Blister Packaging Market is valued at XX billion in 2022 & is estimated to grow at a CAGR during the forecast period, i.e., 2023-28. With the rising demand for pharmaceutical blister packaging across a range of end-users, such as the pharmaceutical sector, the market is envisioned to register a modest growth percentage in the years ahead. When it comes to packaging products that need to be protected from external factors, blister packs are growing in popularity.
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North America Pharmaceutical Blister Packaging Market Dynamic:
Industry Driving Factor:
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.
Segmentation Analysis of the North America Pharmaceutical Blister Packaging Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We’ve broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market’s structural expansion, offering a clear framework to understand how it has evolved.
- 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
- Others (Polyolefin (PO), Paper Solutions, etc.)
- By Technology
- Cold Forming
- By Application
- Tablets & Capsules
- Medical Device
- Others (Vials, etc.)
- By Country
- The US
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Leading Market Position in The North America Pharmaceutical Blister Packaging Market
In analysing the North America Pharmaceutical Blister Packaging Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
– Amcor PLC
– Westrock Company
– Constantia Flexibles
– Sonoco Products Company
– Honeywell International Inc
– Klockner Pentaplast
– Gerresheimer AG
– Rohrer Corporation
– Aphena Pharma Solutions
– Winpack Ltd.
This evaluation entails a detailed review of each company’s product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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North America Pharmaceutical Blister Packaging Market Recent Development:
- 2022: AmSky, one of the leading recycle-ready healthcare blister system innovations by Amcor, bested the US Plastics Pact Sustainable Packaging Innovation Award in the Recyclability category. It offers more sustainable packaging & optimizes carbon emission.
The North America Pharmaceutical Blister Packaging Market Research Report for 2023-28 addresses several key questions:
- How will the growth rate of the North America Pharmaceutical Blister Packaging market progress during the projected period?
- What market factors will serve as the foundation for shaping client and business strategies?
- Which factors are currently exerting influence, including increased demand and ongoing market advancements?
- Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
- Which company currently holds the leading market position?
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