North America Medical Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polymer, Foam, Molded-Fiber, Non-woven Fabric, Plastic, Films, Paper and Paperboard, and Others), Type (Containers, Pouches, Trays, Blister Packets, Vials, and Others), and Application (Medical Devices, Pharmaceutical and Biotechnology, Medical Equipment and Tools, and Others)

TIPRE00023862 | Pages: 139 | Pharmaceuticals | Jul 2021 | Type: Regional | Status: Published

Market Introduction

The North America medical packaging market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Manufacturing giant Siemens has also adopted a substance transparency policy as part of their broader "Product Eco Excellence" program. These declarations allow one to see not just the elements in these products but also their quantity. Further, Roche Diabetes Care offers services to help recycle their product packaging. The Swiss company's insulin pump tubing comes in Tyvek plastic, which needs specialists to recycle correctly. By providing customers the means to send their packaging to a recycling center, they can make sure that the packaging does not end up in a landfill. In addition, medical device manufacturers are fostering eco-friendly consumers by promoting sustainable practices. Conferences like CleanMed showcase the ways healthcare companies are going green, inspiring other businesses and individuals to take similar steps in their work and lives. Rising awareness about environmental issues and increasing government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical devices and pharmaceutical vendors provide scope for the expansion of the medical packaging market.

In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of medical packaging manufacturing activities. Downfall of other healthcare products manufacturing sectors has negatively impacted the demand for medical packaging during the early months of 2020. Moreover, decline in the overall packaging materials manufacturing activities has led to discontinuation of medical packaging manufacturing projects, thereby reducing the demand for medical packaging. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

 


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Market Overview and Dynamics

The medical packaging market in North America is expected to grow from US$ 34,268.07 million in 2021 to US$ 51,905.62 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The Internet of Things (IoT) is revolutionizing the healthcare packaging industry as it enables many possibilities to essential aspects such as tracking of shipments and missed medications, which, in turn, will enhance not only the clinical workflow but also the quality of life. Like any other domain (or industry) that hitchhikes onto the latest technological innovations, IoT in packaging also offers many features previously unseen, such as bi-directional communications, tracking, and status display mechanisms. Considering the crucial aspect of timely administering of medication, the prominent role of IoT in healthcare packaging may be in ensuring the frequency and dosage, thereby ensuring efficacy. It is now possible to replace the medicine container with IoT solutions to link to a cloud-based application. A patient and their doctor can input the information and use audio-visual indicators to remind the patient to take medication at a particular time. A smart medicine box with innovative pharmaceutical packaging can revolutionize in-home healthcare services. IoT smart packaging can help control the entry of substances in healthcare environments, which may be linked with security measures and to the right patient, ensuring traceability. This is of great importance in emerging markets to tackle counterfeiting challenges and illegal recycling. In India, examples of illicit recycling could be the reuse of syringes and medical waste cotton. IoT in packaging could introduce the relevant electronic circuitry in a chip or printed electronic element the provides a unique signature.  

Key Market Segments

Based on material, the polymer segment accounted for the largest share of the North America medical packaging market in 2021. Based on type, the containers segment accounted for the largest share of the North America medical packaging market in 2021. Based on application, the pharmaceutical & biotechnology segment accounted for the largest share of the North America medical packaging market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America medical packaging market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Amcor Plc.; DuPont de Nemours, Inc.; Mitsubishi Chemical Corporation; SGD Pharma; 3M; West Pharmaceutical Services, Inc.; Avery Dennison Corporation; Sonoco Products Company; CCL Industries Inc. and WestRock Company.

Reasons to buy report

  • To understand the North America medical packaging market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America medical packaging market
  • Efficiently plan M&A and partnership deals in North America medical packaging market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America medical packaging market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.


North America Medical Packaging Market Segmentation

North America Medical Packaging Market -By Material

  • Polymer
  • Foam
  • Molded-Fiber
  • Non-Woven Fabric
  • Plastic
  • Films
  • Paper & Paperboard
  • Others

North America Medical Packaging Market -By Type

  • Containers
  • Pouches
  • Trays
  • Blister Packets
  • Vials
  • Others

North America Medical Packaging Market – By Application

  • Medical devices
  • Pharmaceutical and Biotechnology
  • Medical Equipment & Tools
  • Others

North America Medical Packaging Market – By Country

  • US
  • Canada
  • Mexico

North America Medical Packaging Market – Company Profiles

  • Amcor plc.
  • DuPont de Nemours, Inc.
  • Mitsubishi Chemical Corporation
  • SGD Pharma
  • 3M
  • West Pharmaceutical Services, Inc.
  • Avery Dennison Corporation
  • Sonoco Products Company
  • CCL Industries Inc.
  • WestRock Company  

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Medical Packaging Market – By Type

1.3.2        North America Medical Packaging Market – By Material

1.3.3        North America Medical Packaging Market – By Application

1.3.4        North America Medical Packaging Market – By Country

2.           Medical Packaging Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Medical Packaging Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.3         Expert Opinions

5.           North America Medical Packaging Market – Key Market Dynamics

5.1         Drivers

5.1.1        Rise in Demand for Counterfeit Prevention Mechanisms

5.1.2        Increased Emphasis on Convenience and Environmental Issues

5.2         Market Restraints

5.2.1        Fluctuations in Prices of Raw Materials

5.3         Market Opportunities

5.3.1        Growth in Demand for Sustainable Packaging Solutions

5.4         Future Trends

5.4.1        Integration of Internet of Things

5.5         Impact Analysis

6.           Medical Packaging Market – North America Analysis

6.1         North America Medical Packaging Market Revenue Forecast and Analysis

7.           North America Medical Packaging Market Analysis – By Type

7.1         Overview

7.2         Medical Packaging Market Revenue Share, by Type (2021 and 2028)

7.3         Containers

7.3.1        Overview

7.3.2        Containers: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

7.4         Pouches

7.4.1        Overview

7.4.2        Pouches: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

7.5         Trays

7.5.1        Overview

7.5.2        Trays: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

7.6         Blister Packets

7.6.1        Overview

7.6.2        Blister Packets: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

7.7         Vials

7.7.1        Overview

7.7.2        Vials: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

7.8         Others

7.8.1        Overview

7.8.2        Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.           North America Medical Packaging Market Analysis – By Material

8.1         Overview

8.2         Medical Packaging Market Revenue Share, by Material (2021 and 2028)

8.3         Polymer

8.3.1        Overview

8.3.2        Polymer: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.4         Foam

8.4.1        Overview

8.4.2        Foam: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.5         Molded -Fiber

8.5.1        Overview

8.5.2        Molded Fiber: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.6         Non-woven Fabric

8.6.1        Overview

8.6.2        Non-woven Fabric: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.7         Films

8.7.1        Overview

8.7.2        Films: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.8         Paper & Paperboard

8.8.1        Overview

8.8.2        Paper & Paperboard: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

8.9         Others

8.9.1        Overview

8.9.2        Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

9.           North America Medical Packaging Market Analysis – By Application

9.1         Overview

9.2         Medical Packaging Market Revenue Share, by Application (2021 and 2028)

9.3         Medical devices

9.3.1        Overview

9.3.2        Medical Devices: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

9.4         Pharmaceutical and Biotechnology

9.4.1        Overview

9.4.2        Pharmaceutical and Biotechnology: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

9.5         Medical Equipment & Tools

9.5.1        Overview

9.5.2        Medical Equipment & Tools: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.2        Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

10.        North America Medical Packaging Market – Country Analysis

10.1      North America Medical Packaging Market, Revenue and Forecast to 2028

10.1.1     Overview

10.1.3     North America Medical Packaging Market, Revenue and Forecast to 2028, By Country (%)

10.1.4     US: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)

10.1.4.1       Overview

10.1.4.2       US Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)

10.1.4.3       US Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)

10.1.4.4       US Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)

10.1.4.5       US Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)

10.1.5     Canada: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)

10.1.5.1       Overview

10.1.5.2       Canada Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)

10.1.5.3       Canada Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)

10.1.5.4       Canada Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)

10.1.5.5       Canada Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)

10.1.6     Mexico: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)

10.1.6.1       Overview

10.1.6.2       Mexico Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)

10.1.6.3       Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)

10.1.6.4       Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)

10.1.6.5       Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)

11.        Impact of COVID-19 Pandemic on North America Medical Packaging Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Company Profiles

12.1      Amcor plc

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      DuPont de Nemours, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Mitsubishi Chemical Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      SGD Pharma

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      3M

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      West Pharmaceutical Services, Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Avery Dennison Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Sonoco Products Company

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      CCL Industries Inc.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   WestRock Company

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Medical Packaging Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2.             US Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)

Table 3.             US Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)

Table 4.             US Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)

Table 5.             Canada Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)

Table 6.             Canada Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)

Table 7.             Canada Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)

Table 8.             Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)

Table 9.             Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)

Table 10.          Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)

Table 11.          Glossary of Terms, Medical Packaging Market

LIST OF FIGURES

Figure 1.           Medical Packaging Market Segmentation

Figure 2.           North America Medical Packaging Market Segmentation, By Country

Figure 3.           Medical Packaging Market Overview

Figure 4.           Containers Segment Held Largest Share of Medical Packaging Market

Figure 5.           US to Show Significant Growth During Forecast Period

Figure 6.           North America Medical Packaging Market, Industry Landscape

Figure 7.           North America PEST Analysis

Figure 8.           North America Medical Packaging Market – Revenue Forecast and Analysis – 2019- 2028

Figure 9.           Medical Packaging Market Revenue Share, by Type (2021 and 2028)

Figure 10.        Containers: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Pouches: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Trays: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Blister Packets: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Vials: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Medical Packaging Market Revenue Share, by Material (2021 and 2028)

Figure 17.        Polymer: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Foam: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Molded-Fiber: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Non-woven Fabric: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Films: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Paper & Paperboard: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Medical Packaging Market Revenue Share, by Application (2021 and 2028)

Figure 25.        Medical Devices: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Pharmaceutical and Biotechnology: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Medical Equipment & Tools: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 29.        North America Medical Packaging Market Overview, By Country — 2021 (US$ Mn)

Figure 30.        North America Medical Packaging Market, Revenue and Forecast to 2028, By Country (%)

Figure 31.        US Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 32.        Canada Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 33.        Mexico Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 34.        Impact of COVID-19 Pandemic in North American Country Markets  
  1. Amcor plc.
  2. DuPont de Nemours, Inc.
  3. Mitsubishi Chemical Corporation
  4. SGD Pharma
  5. 3M
  6. West Pharmaceutical Services, Inc.
  7. Avery Dennison Corporation
  8. Sonoco Products Company
  9. CCL Industries Inc.
  10. WestRock Company
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America medical packaging market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America medical packaging market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America medical packaging market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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