Market Overview and Dynamics
The North America medical packaging market is projected to grow from US$ 34,268.07 million in 2021 to US$ 51,905.62 million by 2028, at a compound annual growth rate (CAGR) of 6.1% during the forecast period. A major driver of this growth is the increasing integration of Internet of Things (IoT) technologies, which are transforming the healthcare packaging landscape.
IoT is enabling innovative capabilities in medical packaging—such as real-time shipment tracking, missed dose alerts, and bi-directional communication—which collectively enhance clinical workflows and patient outcomes. These smart packaging solutions provide features like visual and audio reminders for medication intake, ensuring that patients adhere to prescribed dosages and schedules. Through connectivity with cloud-based applications, both patients and healthcare providers can monitor treatment progress more effectively.
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Smart medicine containers and boxes, embedded with IoT-enabled elements, represent a significant advancement in at-home healthcare. These systems not only assist with medication compliance but also contribute to patient safety by integrating access control and traceability mechanisms, thereby linking packaging securely to the intended recipient.
Furthermore, IoT-enabled packaging plays a critical role in combating counterfeiting and the illegal recycling of medical products—challenges particularly prevalent in emerging markets. By embedding electronic chips or printed circuits that carry unique digital signatures, smart packaging ensures product authenticity and traceability across the supply chain. For example, in countries like India, such innovations could help curb the reuse of syringes and medical waste materials, strengthening healthcare safety protocols.
Overall, the adoption of IoT in medical packaging is poised to revolutionize the industry by enhancing patient care, improving supply chain integrity, and addressing long-standing challenges in global healthcare logistics.
Market Introduction
The North America medical packaging market is highly fragmented, featuring a strong presence of regional and local players offering diverse solutions to companies operating in this space. The market is experiencing a shift toward greater transparency and sustainability, driven by both corporate initiatives and regulatory pressures.
Industry leaders are setting benchmarks in environmental responsibility. For example, manufacturing giant Siemens has implemented a substance transparency policy under its broader “Product Eco Excellence” program. This initiative provides detailed declarations of product components and their quantities, promoting informed and environmentally conscious decision-making.
Similarly, Roche Diabetes Care is taking proactive steps to enhance packaging sustainability. The Swiss company provides customers with services to recycle product packaging, including the Tyvek plastic used in its insulin pump tubing, which requires specialized recycling processes. By offering dedicated collection and recycling solutions, Roche ensures that its packaging avoids landfill disposal.
Moreover, medical device manufacturers are actively encouraging eco-conscious behavior among consumers by promoting sustainable practices. Industry events such as CleanMed highlight green innovations across the healthcare sector, inspiring both businesses and individuals to adopt environmentally responsible approaches in their operations.
Rising environmental awareness and tightening government regulations are increasingly pressuring pharmaceutical and medical device companies to adopt sustainable packaging solutions. These dynamics are creating significant growth opportunities for the medical packaging market across North America.
Impact of COVID-19
The onset of the COVID-19 pandemic in North America, particularly in the United States, led to a temporary halt in medical packaging manufacturing activities due to lockdowns and supply chain disruptions. The downturn in healthcare product manufacturing further reduced demand for medical packaging in the early months of 2020. This trend was mirrored in other countries across the region, including Mexico, Canada, Panama, and Costa Rica.
However, with economic recovery and the resumption of industrial activities beginning in early 2021, the market has started to rebound. As healthcare systems stabilize and demand for medical products returns to pre-pandemic levels, the medical packaging market is expected to regain momentum and continue its growth trajectory.
North America Medical Packaging Strategic Insights
Strategic insights for the North America Medical Packaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key 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
North America Medical Packaging Regional Insights
The geographic scope of the North America Medical Packaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
