North America Pharmaceutical Blister Packaging Market Breaking Records with USD 3.2 billion in 2023, Anticipates 6.4% CAGR Surge Until 2030
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North America Pharmaceutical Blister Packaging Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “North America Pharmaceutical Blister Packaging Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the North America Pharmaceutical Blister Packaging Market: 2024-2030
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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What are the primary factors driving the growth of the North America Pharmaceutical Blister Packaging Market?
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:
The North America Pharmaceutical Blister Packaging market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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.)
By Technology
- Thermoforming
- Cold Forming
By Application
- Tablets & Capsules
- Syringes
- Ampoules
- Medical Device
- Others (Vials, etc.)
Geographical Analysis into the North America Pharmaceutical Blister Packaging Market:
The North America Pharmaceutical Blister Packaging market is categorized based countries:
- The US
- Canada
- Mexico
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Competitive Landscape and North America Pharmaceutical Blister Packaging Market Share Analysis:
The competitive landscape of the North America Pharmaceutical Blister Packaging Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- 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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Questions Addressed in this Study
- What factors are driving the North America Pharmaceutical Blister Packaging Market growth?
- How is the North America Pharmaceutical Blister Packaging Market expected to grow over the next five years?
- What are the key insights into the current trends in the North America Pharmaceutical Blister Packaging Market?
- What is the current size of the North America Pharmaceutical Blister Packaging Market, and how is it projected to change in the future?
- What is the future outlook for the North America Pharmaceutical Blister Packaging Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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