Healthcare Packaging Market Share

North American Market Forecast

The North American healthcare packaging market is projected to hold the largest market share by the end of 2037. The growth of the market can be ascribed to the expanding pharmaceutical sector, along with the rising healthcare expenditure in the region. Besides this, the growing consumption of medical packaging films for the distribution of medicinal drugs in the region is also estimated to further fuel the growth of the healthcare packaging market in the region. Furthermore, the growing dependency of people on medicines, and consumption of prescribed medical drugs, especially by old age people with chronic diseases or disabilities is predicted to propel the market growth in the region. For instance, around 65 percent of American adults, or more than 130 million people, consume prescription medicines, also age-related diseases and chronic illnesses are associated with higher utilization.

Additionally, the rising investment by the key healthcare packaging market players in the region considering the boom in the demand for medicines and the increasing prevalence of chronic diseases in the USA and Canada are anticipated to propel the market growth in the region. For instance, recently on December 2022, one of the leading healthcare packaging company has declared to open a production facility in the USA. From three production facilities in Europe, Nelipak currently provides its market-leading assortment of healthcare flexible packaging products to clients all over the world. In order to meet the rising demand in the Americas region, Nelipak will replicate its current capabilities by opening a new flagship production site in America.