The North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. North American is the leader in the pharmaceutical industry, coupled with the presence of several large and small pharmaceutical firms in the region. The region is renowned for conducting massive R&D and produce bulk pharmaceuticals. As per the European Federation of Pharmaceutical Industries and Associations (EFPIA), in 2017, North American held 48.1% of the global pharmaceutical sales, compared to 22.2% for Europe. 64.1% of sales of new medicines introduced between 2012-2017 were on the US market, compared to 18.1% on the European market.

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As a result, considerable pharmaceutical production is contributing to the demand for pharmaceutical packaging to preserve and protect the drug, as well as support patients to use it safely. Sterile packaging is utilized to ensure that medical devices and drugs are safe to use. These kinds of packaging offer protection to the product, however, also the health and safety of the patients. Sterile packaging normally features coextruded films, that can be developed with the use of plastics including high-density polyethylene (HDPE) and polypropylene (PP). Plastic is one of the most commonly used material for pharmaceutical packaging as these are light and flexible, which enables to create packaging of all shapes and sizes, and it is highly difficult to break.

Some key players in the market include Berry Global Group, Inc., Ball Corp., Plastipak Holdings, Inc., O-I Glass, Inc., and Graham Packaging Co. Owing to the potential opportunities in the market, the players are adopting crucial strategies including mergers and acquisitions, product launches, and partnerships and collaborations, to expand market share and gain a competitive advantage. For instance, in March 2020, Ball Corp. declared that it has signed an agreement to acquire Tubex Industria E Comercio de Embalagens Ltda, an aluminum aerosol packaging firm with a plant near Sao Paolo, Brazil.

Tubex Sao Paolo-area plant comprises eight extruded aluminum aerosol cane lines, which manufacture personal care packaging for domestic and global customers. It employs nearly 300 people. With the constant rise in the adoption of sustainable aluminum packaging among customers and consumers globally, this acquisition will enable Ball to widen its geographic reach and serve the market as one of the major suppliers of aluminum aerosol in Brazil. The Sao Paolo-area plant will become part of the aluminum aerosol packaging division of Ball Corp. and complements its global aluminum aerosol and slug business in North American, Europe, and Asia.

Research Methodology

The market study of the North American consumer packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American Consumer Packaging Market Research and Analysis by Material
2. North American Consumer Packaging Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the North American consumer packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American consumer packaging market.
• Insights about market determinants which are stimulating the North American consumer packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.