Pharmaceutical packaging plays an important role in the pharmaceutical industry, as it becomes necessary to protect drugs and medicines against all external influences that can alter its properties, or cause any kind of physical damage, mechanical damage, biological contamination and degradation, and counterfeiting. Pharmaceutical packaging provides protection, presentation, identification, information, and convenience for pharmaceutical products, from its production till its use or administration. Packaging of pharmaceutical products differs significantly from food packaging. Pharmaceutical packaging products are developed from varied materials such as plastics/polymers, glass, and paper & paperboard among others. Temperature controlled packaging segment is expected to progress at the highest growth rate from 2014 to 2019.
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ObamaCare is a U.S. law that is aimed at reforming the American health care system. The law is further expected to boost the U.S. pharmaceutical industry, which is expected to rise by 30.0% in the coming years. Therefore, incessant rise observed in the U.S. healthcare sector has complemented the increasing demand of new drug delivery packaging, thereby propelling the growth of the North America pharmaceutical packaging market.
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Among all countries in North America, the U.S. holds the largest market share in the pharmaceutical packaging market. Major players profiled in this market report include MeadWestvaco Corporation (U.S.), Amcor Ltd. (Australia), Becton, Dickinson & Company (U.S.), Comar Inc. (U.S.), Convergence Packaging (U.S.), and West Pharmaceutical Services (U.S.) among others.
In-depth profiling of key players have been conducted, along with recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures), and key growth strategies adopted by them to sustain and strengthen their position in the North American pharmaceutical packaging market.
