MRO Magazine

Research and Markets: North America Pharmaceutical Packaging Market 2015-2020 – Packaging Type & Packaging Material Analysis & Forecasts


May 27, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/s8lw92/north_america) has announced the addition of the “North America Pharmaceutical Packaging Market by Packaging Type, by Packaging Material (Plastic/Polymers, Paper & Paperboard, Glass, Aluminum Foil, and Others), by Geography – Analysis & Forecast to 2020” report to their offering.

The market was valued at $20,604.7 million in 2014 and is projected to grow at a CAGR of 4.7% from 2014 to 2020.

The market in the U.S. accounted for the largest share of 86.96% in the North America pharmaceutical packaging market in 2014.

Factors such as advancement in manufacturing processes and technological innovation, growing demand for drug delivery devices & blister packaging, contribution of nanotechnology to the pharmaceutical packaging market, and implementation of new health laws in the U.S. are driving the growth of the market. Increasing packaging cost and stringent health regulatory standards and norms are hindering the growth of this market.

The North America pharmaceutical packaging market is also classified based on different packaging types. The important applications industries include plastic bottles, blister packs, labels & accessories, caps & closures, medical specialty bags, dropper bottles, temperature controlled packaging, vials, medication tubes, containers, among many others. The temperature controlled packaging segment is expected to show rapid growth in the future.

The key companies operating in this market are MeadWestvaco Corporation (U.S.), Amcor Ltd. (Australia), Becton, Dickinson & Company (U.S.), Comar Inc. (U.S.), Convergence Packaging (U.S.), and West Pharmaceutical Services (U.S.), among others.

These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in the year 2012 & 2013 that are driving the demand of pharmaceutical packaging. Their strategy to capture the market in developing economies includes expansions and agreements.

Companies Mentioned

– Alpha Packaging Inc.

– Amcor Ltd.

– Aptargroup, Inc.

– Becton, Dickinson & Company

– CCL Industries

– Comar Inc.

– Convergence Packaging

– Drug Plastics & Glass Co Inc.

– MeadWestvaco Corporation

– Nypro Inc.

– West Pharmaceutical Services

For more information visit http://www.researchandmarkets.com/research/s8lw92/north_america

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Pharmaceuticals, Packaging