The latest research study “United States Pharmaceutical Contract Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the United States pharmaceutical contract packaging market is expected to exhibit a CAGR of 7.74% during 2022-2027.
Pharmaceutical contract packaging is the process of outsourcing secondary operations of packaging drugs, assembling, and labeling prefilled syringes, auto-injectors, and vials. It helps in fabrication, barcoding, designing, regulating production, warehousing, prototyping, and supply chain management. It also provides various benefits, such as flexibility, sustainability, greater efficiency, minimized need for manpower, cost-effectiveness, and quicker output. Currently, pharmaceutical contract packaging is gaining immense traction across the United States as it is more profitable and saves time for other crucial operations in the pharmaceutical sector.
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United States Pharmaceutical Contract Packaging Market Trends:
The market is primarily driven by the expanding pharmaceutical sector due to the rising production of medicines in the United States. In addition, the widespread adoption of several packaging options, including stick packs, packets, bottles, sachets, blisters, jars, clamshells, and folding cartons, is contributing to the market growth. Moreover, the growing environmental awareness and the implementation of stringent policies about the effectiveness of drug packaging and drug safety guidelines, along with the emergence of eco-friendly packaging options, represent another major growth-inducing factor.
Besides this, the escalating demand for flexible aluminum foil in oral drugs, prescription dose medicines, and over-the-counter (OTC) medicines is providing a positive thrust to the market growth. Along with this, the increasing use of high automation systems in pharmaceutical contract packaging to minimize human error in bottle capping, orientation, and collation processes is accelerating the product adoption rate. Furthermore, extensive research and development (R&D) activities and mergers and acquisitions (M&A) among leading market players are also creating a favorable market outlook across the country.
Key Market Segmentation:
The report has segmented the market on the basis of industry, type, packaging and region.
Breakup by Industry:
- Small Molecule
Breakup by Type:
Breakup by Packaging:
- Plastic Bottles
- Caps and Closures
- Blister Packs
- Prefilled Syringes
- Parenteral Vials and Ampoules
Breakup by Geography:
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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