North America Pharmaceutical Contract Packaging Market to Grow at 7.2% CAGR by 2032| IMARC Group

North America Pharmaceutical Contract Packaging Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 7.2% (2024-2032)

The North America pharmaceutical contract packaging market is experiencing robust growth, driven by several key factors and emerging trends. According to the latest report by IMARC Group, the market size reached US$ 8.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.



For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/north-america-pharmaceutical-contract-packaging-market/requestsample

North America Pharmaceutical Contract Packaging Industry Trends and Drivers:

  • Innovative and Cost-Effective Packaging Solutions:

    • Rising demand for packaging that ensures drug safety and compliance.
    • Need for extending product shelf life.

  • Advanced Technologies:

    • Implementation of anti-counterfeiting measures.
    • Adoption of child-resistant packaging.
    • Emphasis on sustainable packaging solutions to maintain product integrity.

  • Shift Towards Biologics and Specialty Drugs:

    • Necessitates sophisticated packaging methods to preserve efficacy.
    • Increases demand for contract packaging services.

  • Outsourcing Trends:

    • Pharmaceutical companies streamline operations and reduce costs.
    • Focus on core competencies by outsourcing packaging needs.

  • Complexity and Diversity of Drug Formulations:

    • Highly customized packaging solutions required for various drug types.
    • Rise of personalized medicine and chronic diseases.
    • Increase in production of injectables, oral solids, and liquids.

  • Regulatory Compliance:

    • FDA and other agencies impose rigorous packaging standards.
    • Pharmaceutical companies partner with experienced contract packagers for compliance.

  • Smart Packaging Technologies:

    • Incorporation of QR codes and RFID tags.
    • Enhanced tracking and patient engagement.

  • Pharmaceutical Sector Expansion:

    • Growth in emerging markets within North America.
    • Aging population driving demand for contract packaging services.
    • Efficient management of large volumes while adhering to high-quality standards.

These factors collectively contribute to the North American pharmaceutical contract packaging market growth.

North America Pharmaceutical Contract Packaging Industry Segmentation:

The report has segmented the market into the following categories:

Market by Industry

  • Small Molecule
  • Biopharmaceutical
  • Vaccine

Market by Type

  • Sterile
  • Non-Sterile

Market by Packaging

  • Plastic Bottles
  • Caps and Closures
  • Blister Packs
  • Prefilled Syringes
  • Parenteral Vials and Ampoules
  • Others

Key Regions Analysed

  • United States
  • Canada

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=1771&flag=C

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group 

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Email: sales@imarcgroup.com 

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