NORTH AMERICA SACHET PACKAGING IN PHARMACEUTICALS MARKET ANALYSIS

North America sachet packaging in pharmaceuticals market is estimated to be valued at USD 530.2 Mn in 2024, exhibiting a CAGR of 6.8% over the forecast period 2024-2031. North America sachet packaging in pharmaceuticals market witnessing significant growth, owing to the increasing demand for small dosage pharmaceutical products. Sachets offer advantages like low costs of production and transportation as well as portion control which has driven their adoption among pharmaceutical manufacturers. Furthermore, the rising health consciousness and preference for Over the counter (OTC)medication among consumers has boosted the demand for single-dose packaging formats.

Market Dynamics

The key drivers fueling the growth of North America sachet packaging in pharmaceuticals market include rising geriatric population susceptible to chronic diseases, increasing availability of generic and OTC drugs, and growing trend of single-dose packaging formats for patient compliance. However, stringent regulations pertaining to the material quality used in sachet manufacturing and increasing preference for alternative dosage forms like orals and injections are hindering the market expansion. On the positive side, technological advancements in sachet packaging solutions, rising self-medication practices, and ongoing R&D for new drugs are opening new avenues for market players in the region. The North American market, in particular, is projected to account for over 25% share of the global sachet packaging for pharmaceuticals market during the forecast period.

Key features of the study

- This report provides in-depth analysis of the North America sachet packaging in pharmaceuticals market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the North America sachet packaging in pharmaceuticals market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Ahlstrom-Munksjo, Amcor plc, American Flexpack, Constantia Flexibles, Glenroy Inc., Multi-Pack Solutions LLC, Ropack, Inc., Sharp, Synchpack, and Tripak Pharmaceuticals

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

North America sachet packaging in pharmaceuticals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America sachet packaging in pharmaceuticals market

Market Segmentation

• By Material Insights (Revenue, USD, 2019 - 2031)
• • Plastic
  • Non-Plastic
• By Packaging Sizes Insights (Revenue, USD, 2019 - 2031)
• • 01ml-10ml
  • 11ml-20ml
  • 21ml-30ml
  • Others
• By Application Insights (Revenue, USD, 2019 - 2031)
• • OTC Drugs
  • Health Beauty Products
  • Others
• Key Players Insights
• • Ahlstrom-Munksjo
  • Amcor plc
  • American Flexpack
  • Constantia Flexibles
  • Glenroy Inc.
  • Multi-Pack Solutions LLC
  • Ropack, Inc.
  • Sharp
  • Synchpack
  • Tripak Pharmaceuticals