NORTH AMERICA SACHET PACKAGING IN PHARMACEUTICALS MARKET ANALYSIS

North America Sachet Packaging In Pharmaceuticals MarketSize and Trends

North America sachet packaging in pharmaceuticals market is estimated to surpass US$ 612.1 Mn by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.3% during the forecast period (2020 to 2027).

Among countries, the U.S. held dominant position in the North America sachet packaging in pharmaceuticals market in 2019, accounting for 85.0% market share in terms of revenue, followed by Canada.

Figure 1. North America Sachet Packaging in Pharmaceuticals Market Revenue Share (%), By Country, 2019

Market Trends

Innovation and new product development by several manufacturers is the current North America sachet packaging in pharmaceuticals market trend. Manufacturers are focusing on developing innovative products, in order to strengthen their presence in the North America sachet packaging in pharmaceuticals market. For instance, Amcor plc., headquartered Switzerland and operates globally including North America, offers Dessiflex Sachet Laminates, which include an active sealing layer that absorbs moisture trapped into the package or coming from cross-diffusion through the seals. It is ideal to protect very moisture-sensitive products and devices and to extend product’s shelf life. Dessiflex solutions are ideal for liquids, powder, and gels.

Figure 2. North America Sachet Packaging in Pharmaceuticals Market – Opportunity Analysis

On the basis of material type, in 2019, plastic segment accounted for 40.8% of the revenue share. The plastic segment is further segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), ethylene vinyl alcohol (EVOH), and others. PE is largely used in the sachet packaging for the pharmaceutical drugs. It is widely used in the pharmaceutical products that need to be refrigerated, where oxygen can deteriorate the quality of packaged pharmaceutical sachets and reduces the shelf-life.

Figure 3. North America Sachet Packaging in Pharmaceuticals Market Revenue Share (%), By Material Type, 2019