According to the latest report by IMARC Group, titled “North America Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the North America pharmaceutical contract packaging market size reached US$ 7.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.2 Billion by 2027, exhibiting a growth rate (CAGR) of 7.88% during 2022-2027.
Market Outlook:
Pharmaceutical contract packaging includes third-party packaging services, facilities, and equipment that are offered for pharmaceutical products. Some of the commonly used packaging products comprise of bottles, packets, pouches, sachets, stick packs, folding cartons, jars, etc. Pharmaceutical contract packaging aid in warehousing, barcoding, supply chain management, regulated production, designing, prototyping, and fabrication of pharmaceutical products.
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Current Trends Future Predictions:
In North America, the expanding pharmaceutical sector, along with the wide availability of over-the-counter and prescribed drugs, is augmenting the market for pharmaceutical contract packaging. Moreover, several healthcare facilities are adopting pharmaceutical contract packaging for providing essential services like assembling, secondary packaging, and labeling of pre-filled syringes, vials, and auto-injectors. Besides this, the implementation of stringent regulations by the Food and Drug Administration (FDA) for safe drug packaging is also propelling the market growth in the region. In the coming years, the emergence of smart packaging solutions, such as smart labels, will continue to drive the North America market for pharmaceutical contract packaging.
North America Pharmaceutical Contract Packaging Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the North America pharmaceutical contract packaging market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
- AB Volvo (STO: VOLV-B)
- Ashok Leyland (Hinduja Group)
- BYD Company Limited (SHE: 002594)
- Cubic Corporation
- Daimler AG (ETR: DAI)
- MAN SE (Volkswagen AG)
- Marcopolo S.A. (BVMF: POMO4)
- Tata Motors Limited (Tata Group) (NSE: TATAMOTORS)
- Xiamen King Long Motor Group Co. Ltd. (SHA: 600686)
- Zhengzhou Yutong Bus Co. Ltd. (SHA: 600066)
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Key Market Segmentation:
The report has segmented the North America pharmaceutical contract packaging market on the basis of industry, type, Packaging and country.
Based on Industry:
- Small Molecule
- Biopharmaceutical
- Vaccine
Based on Type:
- Sterile
- Non-Sterile
Based on Packaging:
- Plastic Bottles
- Caps and Closures
- Blister Packs
- Prefilled Syringes
- Parenteral Vials and Ampoules
Based on Country:
- United States
- Canada
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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