Market Introduction
The North American medical packaging market is highly fragmented, with numerous regional and local players offering diverse solutions to companies investing in this sector. Manufacturing giant Siemens has embraced a substance transparency policy as part of its broader “Product Eco Excellence” program. This initiative provides detailed declarations of product components, including their quantities, ensuring greater visibility into material usage.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00023862
Similarly, Roche Diabetes Care has introduced a packaging recycling service, allowing customers to send used materials to specialized recycling centers. For instance, the Swiss company’s insulin pump tubing is made from Tyvek plastic, which requires specialized processing to be recycled correctly. By facilitating responsible disposal, Roche helps prevent packaging waste from ending up in landfills.
In addition, medical device manufacturers are encouraging eco-conscious consumer behavior by promoting sustainable practices. Industry conferences like CleanMed highlight how healthcare companies are adopting greener solutions, inspiring other businesses and individuals to follow suit. With growing awareness of environmental issues and increasing government regulations, pharmaceutical companies face mounting pressure to implement sustainable processes. These ongoing developments among medical device and pharmaceutical manufacturers are driving 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.
North America Medical Packaging: Strategic Insights
Strategic insights into the North America medical packaging industry provide a data-driven analysis of the market landscape, covering emerging trends, key players, and regional dynamics. These insights equip stakeholders—including investors, manufacturers, and suppliers—with actionable recommendations to gain a competitive edge. By identifying untapped market segments and developing unique value propositions, businesses can differentiate themselves effectively.
Leveraging advanced data analytics, these insights help industry players anticipate market shifts and adapt to evolving demands. A forward-looking approach is essential for positioning businesses for long-term success in this rapidly changing industry. Ultimately, well-informed strategic decisions drive profitability, optimize operations, and ensure sustained growth in the North America medical packaging sector.
North America Medical Packaging Report Scope
| Attribute | Details |
| Market Size (2021) | US$ 34,268.07 Million |
| Market Size (2028) | US$ 51,905.62 Million |
| Global CAGR (2021-2028) | 6.1% |
| Historical Data | 2019-2020 |
| Forecast Period | 2022-2028 |
| Segments Covered | By Material: Polymer, Foam, Molded-Fiber, Non-woven Fabric, Plastic, Films, Paper and Paperboard |
| By Type: Containers, Pouches, Trays, Blister Packets, Vials | |
| By Application: Medical Devices, Pharmaceutical and Biotechnology, Medical Equipment and Tools | |
| Regions Covered | North America (US, Canada, Mexico) |
| Market Leaders | 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.
Reasons to buy report
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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
