US Healthcare Packaging Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027

 

The US healthcare packaging market is anticipated to grow at a CAGR of 5.1% during the forecast period. The major factor driving the growth of the US healthcare packaging industry includes the early adoption of the latest technologies which enables the manufacturers to easily handle the complexity of packaging materials and the technologically advanced nature of healthcare products. Moreover, the quality of the packaging of healthcare products plays an essential role in the protection and maintain the quality of the inside product. Therefore, the strict regulations by the FDA and other government agencies on the healthcare products will significantly impact the growth of the healthcare packaging market during the forecast period.

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The concerns regarding sustainable packaging are increasing considerably in recent years across the country. Hence, healthcare packaging manufacturers are moving towards the adoption of recycle-cycling. This is anticipated to significantly impact the shares of the healthcare packaging industry in the US. In addition to this, several healthcare packaging companies in the US are using recyclable medical packaging as their marketing strategy considering the increased awareness regarding the advantages of recycled packaging material among the population. Moreover, the evolving consumer and medical professionals’ preferences for unit-dose and other convenient drug delivery formats will also boost the US healthcare packaging market across the country.

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Market Coverage

·        Market numbers available for – 2019-2026

·        Base year- 2019

·        Forecast period- 2020-2026

·        Segment Covered-

o             By End-Use Vertical

o             By Material Type

·        Competitive Landscape- CCL Industries Corp., DuPont de Nemours, Inc., Oliver Products Co., WestRock Co.,  Berry Global Inc., AptarGroup Inc., 3M Co., and Sonoco Products Corp.

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment dominates the market in the base year?

·        Which segment will project the fastest growth in the market?

·        How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from the pre-COVID forecast

o             Most affected segment

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

·        What are the current trends in the market?

·        What factors are impacting the current market growth?

US Healthcare Packaging Market Report Segment

By End-Use Vertical

·        Pharmaceutical

·        Medical Devices

By Material Type

·        Polymer

·        Paper & Paperboard

·        Others (Glass and Metals)

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Company Profiles

·        3M Co.

·        Com-Pac International Inc.

·        Corning Inc.

·        Eastman Chemical Co.

·        Oliver Products Co.

·        Packaging Technology Group, Inc. (PTG)

·        QuickPouch

·        Sonoco Products Co.

·        Technipaq Inc.

·        Tekni-Plex, Inc.

·        WestRock Co.

·        Winpak Ltd.

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