North America Medical Packaging Market Trends, Size, Segment and Growth by Forecast to 2030

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.

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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.

Strategic Insights into the North America Medical Packaging Market

Strategic insights into the North American medical packaging market deliver a comprehensive, data-driven analysis of the industry’s current landscape. These insights explore emerging trends, spotlight key players, and highlight regional dynamics that influence market behavior. Designed to be actionable, the intelligence empowers stakeholders—whether investors, manufacturers, or suppliers—to uncover untapped opportunities and craft distinctive value propositions that set them apart from competitors.

By leveraging advanced data analytics, these insights not only illuminate present-day developments but also forecast future market shifts, enabling stakeholders to adapt with agility. A forward-looking approach is critical for long-term positioning and sustainable growth in this fast-evolving sector. Ultimately, strategic insights serve as a powerful tool for making informed decisions that enhance profitability and align with business goals in the North American medical packaging space.

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

In 2021, the polymer segment led the North America medical packaging market by material type. The containers segment held the largest share by packaging type. In terms of application, the pharmaceutical & biotechnology segment dominated the market in 2020.

Major Sources and Key Companies

The report draws on a variety of primary and secondary sources, including company websites, annual and financial reports, government publications, and industry databases.
Key companies featured in the analysis 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.
WestRock Company

Why Purchase This Report?

Gain a comprehensive understanding of the North America medical packaging market landscape and identify high-return segments.
Stay competitive by tracking shifts in the market dynamics and leading players.
Make informed decisions regarding M&A and strategic partnerships by targeting segments with strong sales potential.
Base your business strategies on a data-driven analysis of segment performance and market trends.
Access detailed market revenue forecasts by segment for the period 2019–2028 across the North America region.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights