North America Pharmaceutical Contract Packaging Market is Booming with a CAGR of 7.2% by 2032

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 growth driven by increasing demand for specialized packaging solutions that ensure product safety and regulatory compliance. 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:

  • Outsourcing Packaging Operations:

    • Pharmaceutical companies are increasingly outsourcing packaging to contract service providers.
    • Focus is on core competencies, cost reduction, and leveraging advanced technologies.

  • Complex Drug Formulations and Regulatory Compliance:

    • Rising complexity of drug formulations requires specialized, high-quality, customized packaging.
    • Stringent regulatory requirements are driving companies to seek expert contract packaging services.

  • Growth of Biologics and Biosimilars:

    • The expansion of biologics and biosimilars demands sophisticated packaging solutions.

  • Sustainable and Eco-Friendly Packaging:

    • Trend towards sustainable packaging is gaining traction.
    • Adoption of recyclable and biodegradable materials is aligned with environmental goals.

  • Market Expansion in North America:

    • Growing demand for outsourcing packaging services among pharmaceutical companies is expanding the market.
    • Drivers include cost efficiency, specialized expertise, and flexible production scaling.

  • Regulatory Pressure and Compliance:

    • Stringent regulatory requirements in North America push companies to partner with certified contract packagers.

  • Increase in Drug Production:

  • Advances in Packaging Technology:

    • Innovations such as smart packaging and serialization enhance product safety and supply chain transparency.

  • Opportunities for Contract Packaging Providers:

    • Dynamic market environment offers opportunities for innovation and expansion of service offerings.
    • Emphasis on sustainable and eco-friendly packaging to meet consumer and regulatory demands.

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.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

 

 

 

 

  

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