Pharmaceutical Packaging Market Regional Analysis:
North American Market Insights
North America region is poised to dominate around 40.6% market share by 2035, driven by reshoring of pharmaceutical manufacturing, increased production facilities, and rising government spending on medicines. However, the market in Asia Pacific region is to grow faster over the forecast period. This is anticipated by growing spending on healthcare in this region. For instance, the APAC region's average healthcare benefit cost trend increased from about 5% in 2020 to approximately 10% in 2021 before falling to about 4% in 2022. Costs are anticipated to increase by an estimated 11% in 2023.Furthermore, the surging awareness related to the zero waste packaging in the pharma industry is further predicted to boost the market’s growth in the region.
