The US healthcare packaging market is anticipated to showcase a CAGR of 5.1% during the forecast period. The continuous regulatory reforms that are intended to increase healthcare access, for instance, the Patient Protection and Affordable Care Act of 2010, is anticipated to significantly drive the growth of the US healthcare packaging market. In addition to this, the increasing burden of chronic diseases coupled with the growing consumer spending power will also foster the growth of the US healthcare packaging market during the forecast period.
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The US healthcare packaging market is segmented based on end-use vertical and material types. Based on the end-use vertical, the market is bifurcated into pharmaceutical packaging and medical device packaging. Pharmaceutical packaging is further divided into primary packaging such as bottles and blisters; and secondary packaging such as containers. Moreover, medical device packaging includes the analysis of bags & pouches, trays, boxes, and others. Based on the material type, the market is sub-segmented into the polymer, paper & paperboard, and Others. The plastic & polymer segment is estimated to contribute a prominent share to the market.
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Further, the study of the report covers the analysis of various players operating in the pharmaceutical packaging landscape as well as the medical device packaging landscape. Some of the major players covered in the report include AptarGroup Inc., 3M Co., Oliver Products Co., Packaging Technology Group, Inc., Berry Global Inc., CCL Industries Corp., Sonoco Products Corp., WestRock Co., and others. These players are contributing to the market growth by adopting various strategies to strengthen their foothold in the market.
For instance, in January 2020, Packaging Technology Group, Inc., a thermal packaging solutions provider for the biopharmaceutical and life sciences sector, announced a new location in Louisville, Kentucky. The new manufacturing facility will allow the company to add capacity, expand its product portfolio, and create at least 40 new jobs in the Louisville area.
US Healthcare Packaging Market by End-Use Vertical
Primary Packaging (Bottles, Blister Packaging, and Others)
Secondary Packaging (Closures, Containers, and Others)
Bags & Pouches
US Healthcare Packaging Market by Material Type
Plastics & Polymer
Paper & Paperboard
Others (Glass and Metals)
3M Co. in Healthcare Packaging Landscape
Com-Pac International Inc.
Eastman Chemical Co.
Oliver Products Co.
Packaging Technology Group, Inc. (PTG)
Sonoco Products Co.
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