North America Paper Packaging Market

The North America Paper Packaging Market size was valued at USD 48.85 Billion in 2022 and is expected to surpass USD 66.93 Billion by 2031, expanding at a CAGR of 3.56% during the forecast period, 2023 – 2031. The growth of the market is attributed to deployment of high-tech equipment and instruments to improve efficiency.

The evolution of healthcare industry from its traditional form of practices to the current position includes high-tech instruments and equipment being deployed to improve efficiency and cater to the increasing demand for processing operations and sustainable packaging.

Get Free Sample Report

The Covid-19 pandemic had a positive impact on the paper packaging market. There is a rapid increase in the COVID-19 infected patients and these healthcare packaging are estimated to help in the smooth workflow during the treatment process. Thereby, majority of the key players are involved in launching new products for the management of healthcare systems during the pandemic.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing utilization of high-tech equipment and instruments to improve efficiency is expected to drive the market during the forecast period.

• Rising demand for processing operations and sustainable packaging are anticipated to spur the North American paper packaging market.

• Growing awareness on the environmental issues and the government regulations of the region are estimated to propel the market in coming years.

• Rising requirement for anti-counterfeiting techniques, to protect the interests of patients, is likely to surge the growth of the healthcare packaging.

• New companies innovating in terms of the economical ways and smart labeling of medical devices are projected to drive the market.

• R&D investment and technological advancement in the North American paper packaging market are expected to offer lucrative opportunities for the market players.

Scope of North America Paper Packaging Market Report

The report on the North American paper packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

North America Paper Packaging Market Segment Insights

The pharmaceutical devices segment is projected to constitute a large market share

Based on end user, the North American paper packaging market is segregated into pharmaceutical and medical devices. The pharmaceutical segment is expected to account for a key share of the market during the forecast period owing to government regulations and spending to evolve and respond to new realities.

The bottles and containers segment is expected to register a substantial CAGR

Based on product type, the North American paper packaging market is divided into bottles and containers, vials and ampoules, cartridges and syringes, pouch and bags, blister packs, tubes, paper board boxes, caps and closures, labels, and others. The bottles and containers segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to its applications such a saving cast and protects value goods in transit.

Get Free Sample Report

The plastic segment is projected to constitute a sturdy growth

Based on material, the North American paper packaging market is segregated into glass, plastic, and other materials. The plastic segment is anticipated to expand at a rapid pace during the forecast period owing to diverse categories of plastic such as polypropylene, polyethylene, polystyrene, polyamide, and polyurethanes, among others as manufacturers have the luxury of choosing an ideal material for their packaging needs;

However, as manufacturers adopt environmental-thinking, R&D initiatives towards paper packaging materials are likely to boost the market share of paper and paperboard during the forecast period.

The United States is expected to dominate the market

In terms of geography, the market is broadly classified into United States and Canada The market in the United States is anticipated to expand at a robust CAGR during the forecast period. Presence of better healthcare infrastructure and a rising geriatric population in the region is expected to drive the market growth in near future is expected to drive the market growth in near future.

Segments

The North American paper packaging market has been segmented on the basis of:-

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

Material

• Glass
• Plastic
• Other Materials

Geography

• United States
• Canada

Key Companies

• Gerresheimer AG
• Corning Incorporated
• Nipro Corporation
• SGD SA (SGD pharma)
• SCHOTT AG

Competitive Landscape

Key players competing in the North American paper packaging market include Gerresheimer AG, Corning Incorporated, Nipro Corporation, SGD SA (SGD pharma), and SCHOTT AG.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

• In April 2020, Gerresheimer Group and Centor Inc. laid the foundations for a new warehouse covering 72,000 square feet. This new warehouse will enable Centor to store all of its products on site, reducing the need for external storage.

• In May 2020, Corning Incorporated and Pfizer Inc. declared the execution of a long-term purchase and supply agreement for Corning Valor Glass. The multiyear agreement provides for the supply of Valor Glass vials to a portion of currently marketed Pfizer drug products, pending regulatory approval.