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The North America pharmaceutical contract packaging market reached a value of US$ 6.5 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Pharmaceutical contract packaging refers to third-party packaging services, facilities and equipment offered for pharmaceutical products. There are different forms of packaging that are available in the market, which include bottles, pouches, packets, sachets, folding cartons, stick packs, jars, blister and clamshell packages. Pharmaceutical contract packaging offers several benefits in warehousing, supply chain management, barcoding, regulated production, fabrication, designing, and prototyping of pharmaceutical products. Thus, the versatile nature of contract packaging, coupled with various technological advancements has positively influenced its demand across the globe.
The North America pharmaceutical contract packaging market is currently being driven by several factors. The escalating adoption of innovative packaging methods to satisfy rapidly changing consumer preferences and rising environmental concerns have stimulated the demand for contract packaging in the pharmaceutical industry. In addition to this, rising penetration of automation in pharmaceutical contract packaging has minimized risks of human handling errors, thereby catalyzing market growth in the region. Apart from this, high disposable incomes, coupled with rising consumer health awareness, are propelling the demand for pharmaceutical contract packaging in the region.
IMARC Group’s latest report provides a deep insight into the North America pharmaceutical contract packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America pharmaceutical contract packaging market in any manner.
Key Questions Answered in This Report:
Report Customization: Although IMARC has tried to cover everything in the North America pharmaceutical contract packaging market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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