North America Paper Packaging Market by 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), and Geography (United States and Canada) - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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.
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
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Increasing utilization of high-tech equipment and instruments to improve efficiency is expected to drive the market during the forecast period.
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Rising demand for processing operations and sustainable packaging are anticipated to spur the North American paper packaging market.
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Growing awareness on the environmental issues and the government regulations of the region are estimated to propel the market in coming years.
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Rising requirement for anti-counterfeiting techniques, to protect the interests of patients, is likely to surge the growth of the healthcare packaging.
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New companies innovating in terms of the economical ways and smart labeling of medical devices are projected to drive the market.
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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.
Attributes |
Details |
Report Title |
North American paper packaging market -Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
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 |
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.
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paper Packaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Paper Packaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paper Packaging Market - Supply Chain
4.5. Global Paper Packaging Market Forecast
4.5.1. Paper Packaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paper Packaging Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Paper Packaging Market Absolute $ Opportunity
5. Global Paper Packaging Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Paper Packaging Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Paper Packaging Demand Share Forecast, 2019-2026
6. North America Paper Packaging Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Paper Packaging Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Paper Packaging Demand Share Forecast, 2019-2026
7. Latin America Paper Packaging Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Paper Packaging Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Paper Packaging Demand Share Forecast, 2019-2026
8. Europe Paper Packaging Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Paper Packaging Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Paper Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Paper Packaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Paper Packaging Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Paper Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Paper Packaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Paper Packaging Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Paper Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Paper Packaging Market: Market Share Analysis
11.2. Paper Packaging Distributors and Customers
11.3. Paper Packaging Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Gerresheimer AG
11.4.2. Corning Incorporated
11.4.3. Nipro Corporation
11.4.4. SGD SA (SGD pharma)
11.4.5. SCHOTT AG