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 healthcare infrastructure coupled with the presence of major market players in the region. Many companies are working on the development of vaccines and in turn, has created the demand for pharmaceutical packaging. For instance, Gerresheimer Group's plants in Europe, America, and Asia, in July 2020, has received initial orders for vials for drugs and vaccines against COVID-19.

The North American pharmaceutical packaging market is segmented on the basis of type and material. Based on the type, the market is bifurcated into primary pharmaceutical packaging and secondary pharmaceutical packaging. Primary packaging is of great significance in the pharmaceutical industry. Various types of primary packaging involve ampules, vials, blister packaging, and others. Further, on the basis of material type, the market is segmented into plastic & polymer, paper & paperboard, and others which include glass and metal. The plastic & polymer segment is estimated to contribute a significant share to the overall market. A wide range of plastics & polymers such as polyvinyl chloride, polyethylene terephthalate, polypropylene, polyethylene, and others are widely used to manufacture various pharmaceutical packaging products.

Geographically, the North American pharmaceutical packaging market covers the country-level analysis of the US and Canada. The US dominates the market in 2018 and is estimated to continue this trend over the forecast period. Moreover, the North American pharmaceutical packaging market report covers the analysis of various players operating in the market. Some of the players operating in the market include Arglass Yamamura LLC, Amcor Ltd., Berry Global Inc., WestRock Co., and West Pharmaceutical Services Inc. 

Owing to increasing competition in the market, the players in the market adopting various strategies such as mergers and acquisitions and partnership and collaboration that tend to fuel market growth in the near future.  Moreover, with the growing demand for glass vials, ampoules, and containers in the region, global companies are seeking to seize the expansion opportunity. For instance, in August 2019, Arglass Yamamura LLC from Japan announced to invest over $123 million to build a manufacturing plant in South Georgia. With this expansion, the company planned to use its latest glass-forming technology. 

Research Methodology

The market study of the North American pharmaceutical packaging market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into 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 has 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 authenticity to 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 is intended for pharmaceutical packaging companies, raw material suppliers, traders, third-party distributors, drug manufacturers, government organizations, regulatory authorities, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products & services offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North America Pharmaceutical Packaging Market Research and Analysis by Type
2. North America Pharmaceutical Packaging Market Research and Analysis by Material Type

The Report Covers

• Comprehensive research methodology of the North American Pharmaceutical Packaging Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An 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 Pharmaceutical Packaging Market.
• Insights about market determinants that are stimulating the North American Pharmaceutical Packaging Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.