North America Healthcare Packaging Market Size (2024 - 2029)

The North American healthcare packaging market is experiencing growth driven by the evolution of the healthcare industry towards high-tech solutions and sustainable practices. Environmental awareness and government regulations are pushing pharmaceutical companies to adopt sustainable processes, contributing to the market's expansion. The increasing number of hospitals and diagnostic centers is boosting the demand for microbial packaging, while innovations in smart labeling and anti-counterfeiting measures are enhancing medical device packaging. The pharmaceutical industry's shift towards contract manufacturing and continuous manufacturing capabilities is also influencing the market. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions, the market continues to adapt and grow.

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Market Size of North America Healthcare Packaging Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.37 %
Market Concentration Medium

Major Players

North America Healthcare Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Healthcare Packaging Market Analysis

The North American healthcare packaging market (henceforth, referred to as the market studied) was valued at USD 45.3 billion in 2019, and it is expected to reach USD 65.6 billion by 2025, registering a CAGR of 6.37%, during the period of 2020-2025. The healthcare industry has widely evolved from its traditional form of practices to its current position, where the high-tech equipment and instruments are deployed to improve efficiency, in addition to the increasing demand for sustainable packaging and processing operations.

  • The increasing awareness on the environmental issues and the government regulations of the region are pressurizing the pharmaceutical companies in moving toward sustainable processes. These developments by medical devices and pharmaceutical vendors are catering to provide scope toward the expansion of the healthcare packaging market.
  • Medical device packaging provides the sterile environment for the contents within, and sterility needs to be preserved until the package gets opened for use. In a region, due to the increasing number of hospitals, therapeutic equipment manufacturers, and diagnostic centers, the healthcare industry is growing with the increasing demand for microbial packing.
  • New companies are innovating in terms of the economical ways and smart labeling of medical devices. For instance, CleanCut Technologies' Vault packaging system for devices is well suited for tray-style packaging. Counterfeiting, an evident problem in medical devices, is expected to promote the usage of NFC and RFID tags on the packaging materials.
  • The pharmaceutical industry is slowly moving toward contract manufacturing, and the same trend is expected to be reflected in the packaging industry. The increasing demand from consumers calls for shorter lead times, and for drug manufacturers to capture the market, it is leading to the adoption of continuous manufacturing capabilities.
  • The spread of a COVID-19 negatively impacted the market to a certain extent, due to disruptions in a supply chain, as a result of extended factory closures, globally. Logistically, it has been difficult for bottles, vials, and ampoules makers to provide to the pharma companies.

North America Healthcare Packaging Industry Segmentation

The healthcare industry has evolved from its traditional form of practices to the current position, where high-tech equipment and instruments are being deployed to improve efficiency and cater to the increasing demand for sustainable packaging and processing operations. The study focuses on two of the major healthcare end-user verticals utilizing packaging innovations, which are pharmaceutical and medical devices. The market study further discusses various products being used for packaging, such as pouches, bags, trays, blister packs, and syringes, among others.

End-user Vertical
Pharmaceutical
Medical Devices
Product Type
Bottles and Containers
Vials and Ampoules
Cartridges and Syringes
Pouch and Bags
Blister Packs
Tubes
Paper Board Boxes
Caps and Closures
Labels
Other Product Types (Trays, Aerosol Cans, and Clamshells)
Material
Glass
Plastic
Other Materials (Paper and Metal)
Country
United States
Canada
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North America Healthcare Packaging Market Size Summary

The North America healthcare packaging market is experiencing significant growth, driven by the evolution of the healthcare industry towards high-tech solutions and the increasing demand for sustainable packaging. The market is influenced by environmental awareness and government regulations, pushing pharmaceutical companies to adopt sustainable practices. The rise in the number of hospitals, therapeutic equipment manufacturers, and diagnostic centers is fueling the demand for microbial packing, which is essential for maintaining sterility in medical device packaging. Innovations in smart labeling and anti-counterfeiting technologies, such as NFC and RFID tags, are also shaping the market. The pharmaceutical industry is gradually shifting towards contract manufacturing, which is expected to impact the packaging sector by necessitating shorter lead times and continuous manufacturing capabilities.

The United States holds a dominant position in the North American healthcare packaging market, supported by the presence of major global players like Owens Illinois, Corning, and Gerresheimer. These companies serve large pharmaceutical clients such as Abbott, Pfizer, Roche, and Novartis, both domestically and internationally. The increasing prescription drug spending and the growing population under the age of 9 are anticipated to drive the demand for pharmaceutical syrups, thereby boosting the healthcare packaging market. Regulatory requirements on drug labeling and packaging are also contributing to the market's expansion. The threat of counterfeit drugs is prompting the need for secure packaging solutions, with RFID and NFC-enabled packaging offering real-time monitoring to combat counterfeiting. The market is moderately competitive, with key players leveraging innovation to maintain a sustainable competitive advantage.

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North America Healthcare Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Assessment of the COVID-19 Impact

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Market Drivers

      1. 1.5.1 Increased Emphasis on Convenience and Environmental Issues

      2. 1.5.2 Rise in Medicine Counterfeiting Leading to Advanced Packaging and Labeling

    6. 1.6 Market Restraints

      1. 1.6.1 Environmental Concerns Related to Raw Materials for Packaging and Price Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-user Vertical

      1. 2.1.1 Pharmaceutical

      2. 2.1.2 Medical Devices

    2. 2.2 Product Type

      1. 2.2.1 Bottles and Containers

      2. 2.2.2 Vials and Ampoules

      3. 2.2.3 Cartridges and Syringes

      4. 2.2.4 Pouch and Bags

      5. 2.2.5 Blister Packs

      6. 2.2.6 Tubes

      7. 2.2.7 Paper Board Boxes

      8. 2.2.8 Caps and Closures

      9. 2.2.9 Labels

      10. 2.2.10 Other Product Types (Trays, Aerosol Cans, and Clamshells)

    3. 2.3 Material

      1. 2.3.1 Glass

      2. 2.3.2 Plastic

      3. 2.3.3 Other Materials (Paper and Metal)

    4. 2.4 Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

North America Healthcare Packaging Market Size FAQs

The North America Healthcare Packaging Market is projected to register a CAGR of 6.37% during the forecast period (2024-2029)

Gerresheimer AG, Corning Incorporated , Nipro Corporation , SGD SA (SGD Pharma) and Stölzle-Oberglas GmBH​ (CAG Holding GmbH) are the major companies operating in the North America Healthcare Packaging Market.

North America Healthcare Packaging Report Snapshots

North America Healthcare Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)