As per current published report by Markntel Advisors the North America Pharmaceutical Blister Packaging Market is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30.
A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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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.
The North America Pharmaceutical Blister Packaging Market has segmented the market into the following categories:
Based on 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
-- -- 24 microns
-- 51 microns
- Aluminum
- Others (Polyolefin (PO), Paper Solutions, etc.)
Based on Technology
- Thermoforming
- Cold Forming
Based on Application
- Tablets & Capsules
- Syringes
- Ampoules
- Medical Device
- Others (Vials, etc.)
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-By Region
- The US
- Canada
- Mexico
Competitive Environment Featuring Key Players:
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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