North America Pharmaceutical Packaging Market – Industry Trends and Forecast to 2024

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North America Pharmaceutical Packaging Market – Industry Trends and Forecast to 2024

North America
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North America Pharmaceutical Packaging Market
  • No of pages :
    350
  • No of Figures:
    60
  • No of Tables:
    220
  • Report Type:
    Publish
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North America Pharmaceutical Packaging Market By Product Type (Plastic Bottles, Blister Packaging, Drug Delivery Devices, Labels & Accessories, Caps & Closures, Secondary Containers, Pouches & Strips, Others) By Application (Drug Delivery, Veterinary Vaccines), By Raw Material (Plastics, Paper and Paper board, Metals, Glass, Others ) By Purchase Organization (Manufacturer, Packaging Companies, Government Agencies) Countries(U.S., Canada, Mexico) – Industry Trends and Forecast to 2024

North America Pharmaceutical Packaging Market is expected to reach 32,867.2 million by 2024 from 20,172.8 million in 2016, at a CAGR of 6.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are rapid growth of the pharmaceutical industry globally, increasing demand for drug delivery devices & blister packaging; technological advancements are boosting the growth of the North America pharmaceutical packaging market. On the other hand, environmental concerns and recycling issues, growing cost of raw materials, stringent regulations set by various governing bodies may hinder the growth of the market.

Market Segmentation: North America Pharmaceutical Packaging Market 

  • The North America pharmaceutical packaging market is segmented on the basis of product type, application, raw materials and purchase of organization. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.
  • The North America pharmaceutical packaging market is segmented based on product type into plastic bottles, blister packaging, drug delivery devices, labels & accessories, caps & closures, secondary containers, pouches & strips, and others. In 2017, plastic bottles segment is expected to dominate the North America pharmaceutical packaging market with 20.1% market share and is expected to reach USD 6,968.9 million by 2024, growing at the highest CAGR of 7.2% in the forecast period 2017 to 2024.
  • The North America pharmaceutical packaging market is segmented on the basis of application into drug delivery, and veterinary vaccines. In 2017, drug delivery segment is expected to dominate the North America pharmaceutical packaging market with 79.0% market share and is expected to reach USD 26,115.5 million by 2024, growing at the highest CAGR of 6.5% in the forecast period 2017 to 2024. The drug delivery application is further sub-segmented into oral drugs, injectable, topical, ophthalmic, nasal, pulmonary, transdermal, and others. The veterinary vaccines application is further sub-segmented into livestock vaccines, porcine vaccines, poultry vaccines, canine vaccines, feline vaccines, equine vaccines, aquaculture vaccines, and others.
  • The North America pharmaceutical packaging market is segmented on the basis of raw material into plastics, paper and paper board, metals, glass, and others. In 2017, plastics are expected to dominate the North America pharmaceutical packaging market with 41.9% market share and are expected to reach USD 14,001.1 million by 2024, growing at the highest CAGR of 6.7% in the forecast period 2017 to 2024.
  • The North America pharmaceutical packaging market is segmented on the basis of purchase organization into manufacturer, packaging companies, and government agencies. In 2017, manufacturer segment is expected to dominate the North America pharmaceutical packaging market with 51.0% market share and is expected to reach USD 17,083.7 million by 2024, growing at the highest CAGR of 6.7% in the forecast period 2017 to 2024.
  • The North America pharmaceutical packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Key Drivers: North America Pharmaceutical Packaging Market 

The major factors driving the growth of this market are rapid growth of the pharmaceutical industry globally, increasing demand for drug delivery devices & blister packaging; technological advancements are boosting the growth of the North America pharmaceutical packaging market. On the other hand, environmental concerns and recycling issues, growing cost of raw materials, stringent regulations set by various governing bodies may hinder the growth of the market.

Key Points: North America Pharmaceutical Packaging Market 

The Amcor Limited is going to dominate the North America pharmaceutical packaging followed by Gerresheimer AG, Becton, Dickinson and Company and other players operating in this market are include Schott AG, AptarGroup, Inc., BAUSCH + STRÖBEL, ROBERT BOSCH GMBH, Lonza a

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