Global prevalence of diabetes has risen from 4.7% to 8.5% in 2014. It is also estimated that around 1.6 million deaths have been occurred in 2015 due to diabetes worldwide

Key Players:

CSP Technologies (U.S), Sanner (U.S), Multisorb Technologies (U.S), Impak Cororation (U.S), Laminatedfilms & Packaging (LF&P), INC (U.S), Flow Dry TechnologY, INC. (U.S), LPS Industries, LLC (U.S) and Others

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Americas Blood Glucose Test Strip Packaging Market Overview:

The Americas blood glucose test strip packaging market is growing mainly due to rising cases of diabetes. According to a recent study report published by the Market Research Future, the Americas blood glucose test strip packaging market is booming and expected to gain prominence over the forecast period.

The market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2027).

Global prevalence of diabetes has risen from 4.7% to 8.5% in 2014. It is also estimated that around 1.6 million deaths have been occurred in 2015 due to diabetes worldwide.

The rising prevalence of diabetes in low and middle-income countries appears to be fuelled by nutrition transition, rapid urbanization, and increasingly sedentary lifestyles, suggested by a study published in Pharmacoeconomics in 2015.

Americas Blood Glucose Test Strip Packaging Market - Competitive Analysis:

Strategic partnership is an essential part of Sanner’s strategy to reach its goal of new products pipeline, by accruing partner’s technology, and products. For instance, On May 18, 2017, Sanner acquired the Plastina Holding AG, parent company of Jaco S.A.

The main aim of the acquisition is to expand effervescent packaging business. The parties agreed on keeping the purchase price confidential. On July 11, 2014, Sanner expanded its effervescent packaging product range with the launch of the new BrillianceTube for effervescent tablets with in-mold labeling (IML).

CSP Technologies, Inc. is one of them by holding a strong share in the market. The company is a manufacturer, and distributor of custom polymeric and specialty protective packaging products for the medical device, diagnostics, pharmaceutical, consumer packaging, electronics, confectionary, and nicotine delivery markets.

On March 15th, 2016, CSP Technologies announced the acquisition of Maxwell Chase Technologies, LLC, for the additional expansion into the food industry. Product portfolio of the company falls into four main categories i.e. films and blisters, vials, molded components and specialty packaging capabilities.Sanner Gmbh is another renowned market player in Americas blood glucose test strip packaging market. The company develops, manufactures, and markets various plastic packaging and components for pharmaceutical, household, and medical products.

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