The North American pharmaceutical packaging market is estimated to grow at a CAGR of 7.1% during the forecast period. The market growth is attributed to the presence of a well-established biopharmaceutical industry in the region. The US is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the global leader in biopharmaceutical R&D, according to the SelectUSA.
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A large number of innovative (originator) chemically-derived drugs are developed from extensive R&D and clinical trials in both human beings and animals. In addition, emerging sectors include precision medicine and regenerative medicine. In 2016, the US FDA approved 27 new medicines, including 22 new medicines approved by the FDA Center for Drug Evaluation (CDER).
With the new medicines getting approval, there is an increasing demand for proper packaging for storing drugs and medicine. This in turn, drives the growth of the North American pharmaceutical packaging industry.
Market Coverage
· Market number available for – 2018-2025
· Base year- 2018
· Forecast period- 2019-2025
· Segment Covered- By Type and By Material
· Regions Covered- North America
· Competitive Landscape- Arglass Yamamura LLC, Amcor Ltd., Berry Global Inc., WestRock Co., and West Pharmaceutical Services Inc.
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North American Pharmaceutical Packaging Market- Segmentation
By Type
· Primary
· Secondary
By Material Type
· Plastic & Polymer
· Paper & Paperboard
· Others
North American Pharmaceutical Packaging Market– Segment by Region
· US
· Canada
Company Profiles
· Amcor Ltd.
· Overview
· Amcor Ltd. in North America
· Amcor Ltd. in Pharmaceutical Packaging Landscape
· Recent Developments
· Arglass Yamamura LLC
· Berry Global Inc.
· Catalent, Inc.
· Capsugel (A Lonza Company)
· Comar, LLC
· James Alexander Corp.
· Tekni-Plex, Inc.
· The International Paper Co.
· West Pharmaceutical Services, Inc.
· WestRock Co
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