US Pharmaceutical Packaging & Labeling Market - Focused Insights 2023-2028

US Pharmaceutical Packaging & Labeling Market - Focused Insights 2023-2028

REPORT OVERVIEW

This report offers market size & forecast data for the pharmaceutical packaging & labeling market in the US. The revenue generated from the sale of pharmaceutical packaging materials and products are included in the report. Revenue generated by service providers are excluded from the scope of the report. This report provides a comprehensive and current market scenario of the US pharmaceutical packaging & labeling market, including the US pharmaceutical packaging & labeling market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present pharmaceutical packaging & labeling market and its market dynamics for 2023−2028 in the US. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

MARKET DEFINITION

Pharmaceutical packaging is the packaging process for pharmaceutical preparations, and it is an integral part of the pharmaceutical product. Packaging is often involved in dosing, dispensing, and using the pharmaceutical product. Pharmaceutical Labeling refers to the process of adding labels to pharmaceutical products to facilitate the identification and understanding of important information for end-users.

KEY HIGHLIGHTS

• The US pharmaceutical packaging & labeling market was valued at $29.95 billion in 2022 and is projected to reach $38.57 billion in 2028, with a compound annual growth rate (CAGR) of 4.30%, during the study period.
• In 2022, the US accounted for a significant market share in the North America Pharmaceuticals packaging & labeling market, owing to increasing demand for prescription drugs, the presence of leading pharmaceutical players, well-developed infrastructure, high investments in drug development, and high per capita income.
• Primary Packaging accounted for the highest share of more than 70% in the US Pharmaceutical packaging market attributable to the growing demand for blister packs, bottles, vials, ampoules, pouches, sachet, and bags with the increasing demand for pharmaceuticals.
• Based on primary packaging type, the strips & blister packaging segment accounted for a 33.50% market share in the US pharmaceutical packaging market and dominated the other segments due to its wide usage as an essential primary packaging element for pharmaceutical products.
• Based on material type, the paper segment accounts for a 38.92% US Pharmaceutical packaging market share that can be attributable to its highest demand in secondary & tertiary packaging and increasing demand for recyclable materials.
• The pharmaceutical and biotech companies accounted for the highest share of more than 46% in the US Pharmaceutical packaging market, which is owing to the growing aged population, growing demand for branded drugs, OTC drugs, and specialty medicines, increasing patent expiring drugs, and higher drug prices.
• Amcor, Aptar Group, Berry Global, Laser Gerresheimer, and WestRock are the leading US Pharmaceutical Packaging players. The market offers tremendous growth opportunities for existing and future/emerging players because of innovations in oncology, autoimmune and diabetes treatment, chronic ailments, and rare diseases.

KEY VENDORS LIST

• Amcor
• Aptar
• Berry Global
• Gerresheimer
• WestRock Pharmaceuticals
• Avery Dennison
• CCL Industries
• Essentra
• 3M Company
• SATO
• ACG
• Airnov
• Becton, Dickinson and Company (BD)
• Bilcare
• Borosil
• Drug Plastic Group
• DWK Life Sciences
• Meghmani Group
• Nolato
• Nemera
• Renolit
• Specialty Polyfilms
• Vetter
• Korber
• Consolidated Label Co.,
• Multi-Color Corp

REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECAST

• Packaging type

Primary

Secondary

Tertiary

• Material type

Paper

Glass

Plastic

Others

• End-user type

Pharmaceuticals & Biotech Companies

CMOs/CDMOs

Others

• Label type

Pressure-Sensitive Labels

Sleeve Labels

Others

• Application

Instructional

Decorative

Functional

Promotional

Others

• Product type

Bottles, Containers & Jars

Ampoules & Vials

Strips & Blisters

Others

MARKET STRUCTURE

• Market Dynamics
• Competitive Landscape of Pharmaceutical packaging & Labeling Market
• Key Vendors
• Other Prominent Vendors

APPENDIX

• Research Methodology
• Abbreviations
• About Arizton