Latest News- Healthcare Packaging Market in North America: Bottles is expected to lead the Product Type segment during 2024-2028
The Healthcare Packaging Market in North America is being driven by Increased demand for parenteral containers
The Healthcare Packaging Market in North America is expected to grow at a CAGR of 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8304.3 million. In the North American healthcare packaging market, regulatory compliance and the demand for superior quality medicines are primary growth drivers. The US FDA and other regulatory bodies impose stringent regulations, necessitating the use of advanced packaging solutions. In the pharmaceutical and healthcare sectors, evolving legislation and compliance standards require packaging that reflects technological advancements. Consequently, smart packaging, which offers features such as moisture control, is gaining traction in healthcare applications. The increasing prevalence of drugs with high moisture sensitivity further bolsters the adoption of smart packaging.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product Type (Bottles, Blisters, Vials, Pouches, Others) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Healthcare Packaging Market in North America Research Report
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In North America, the healthcare packaging market encompasses various sectors including medical devices, sterilization, and counterfeit drug prevention. It covers primary packaging such as medical supplies, disposable kits, plastic containers (tubs, trays, lids, inserts), test kits, and secondary/tertiary packaging. Innovations include recyclable polymers, child-resistant and senior-friendly designs, rapid-response packaging, personalized healthcare packaging, and smart packaging for vaccine storage and chronic disease management. Technologies like digital printing and customized medication packs are also gaining traction. Additionally, the market is influenced by resin supply and the use of sustainable materials like biodegradable plastics and renewable polymers.
The healthcare packaging market in North America is characterized by a complex supply chain, encompassing various stakeholders from raw material suppliers to end-users. This intricate web includes providers of metal container raw materials like steel, aluminum, and tin for borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass, as well as plastic container raw materials such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). These inputs facilitate the creation of medical devices, sterilization solutions, counterfeit drug prevention systems, disposable kits, primary packaging, and packaging materials, including blister packaging. The market demands large-scale manufacturing to meet growing market needs and distribution through various channels to ensure accessibility to end-users.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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