The North American paper packaging market size was USD 45.3 billion in 2019 and is estimated to register a substantial CAGR during the forecast period, 2021–2028. 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.
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.
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.
Attributes |
Details |
Report Title |
North American paper packaging market -Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
End-user Vertical (Pharmaceutical and 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, and Other Product Types), Material (Glass, Plastic, and Other Materials) |
Geography |
United States and Canada |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Gerresheimer AG, Corning Incorporated, Nipro Corporation, SGD SA (SGD pharma), and SCHOTT AG |
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.
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.
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.
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 Covered in the Report
The North American paper packaging market has been segmented on the basis of:-
End-user Vertical
Product Type
Material
Geography
Key Companies
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,
Segments Covered in the Report
The North American paper packaging market has been segmented on the basis of:-
End-user Vertical
Product Type
Material
Geography
Key Companies
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,
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