North America Pharmaceutical Blister Packaging Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, North America Pharmaceutical Blister Packaging Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the North America Pharmaceutical Blister Packaging presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

North America Pharmaceutical Blister Packaging Market Research Report & Market Summary:

The North America Pharmaceutical Blister Packaging Market size was valued at USD 3.2 billion in 2023 & is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30. 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 Dynamics:

Key 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.

North America Pharmaceutical Blister Packaging Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

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
Aluminum
Others (Polyolefin (PO), Paper Solutions, etc.)

Polyethylene Terephthalate (PET) is estimated to be the most prominent material type in the North America Pharmaceutical Blister Packaging market in the forecast years, owing to its strong durability & transparency.

By Technology

Thermoforming
Cold Forming

Thermoforming is presumed to be the most adopted technology by manufacturers in the market. Faster production & low expense for production in comparison to cold forming are the primary aspects that are inclining the blister packaging manufacturers' interest in the technology.

By Application

Tablets & Capsules
Syringes
Ampoules
Medical Device
Others (Vials, etc.)

By Country

The US
Canada
Mexico.

The US has captured the dominating share of the market & is anticipated to be the flourishing region in terms of consumption & development of pharmaceutical products. With the strong foothold of the leading players, such as Amcor PLC, and several others, the US is regarded as the significant country aiding in sufficing the medical needs of the domestic as well as the regional population.

As indicated in the latest market research report published by Markntel Advisors, “North America Pharmaceutical Blister Packaging Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the North America Pharmaceutical Blister Packaging industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

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Top Companies Operating in the North America Pharmaceutical Blister Packaging Market:

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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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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