Future of North America Pharmaceutical Blister Packaging Market: Key Dynamics, Size & Share Analysis
The North America Pharmaceutical Blister Packaging Market size was valued at USD 3.2 billion in 2023 & is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30. With the rising demand for pharmaceutical blister packaging across a range of end-users, such as the pharmaceutical sector, the market is envisioned to register a modest growth percentage in the years ahead. When it comes to packaging products that need to be protected from external factors, blister packs are growing in popularity.
Compliance with Strict Regulation to Hinder the Market – North America has no such comprehensive legislation regulating the pharmaceutical sector. However, via FDI, the US does have the authority to regulate the pharmaceutical industry & related sectors to ensure that the industry is meeting safety standards. Therefore, the companies are enforced to follow the regulations to meet the satisfactory need. The strict regulations imposed on blister packaging are creating a barrier to the expansion of the market.
North America Pharmaceutical Blister Packaging Market Size, Share & Industry Trends Analysis- By Material Type (Polyethylene Terephthalate [PET], Polyethylene [PE], Polyvinyl Chloride [PVC], Polyvinylidene chloride [PVDC], Aclar Films, Aluminum, Others), By Technology (Thermoforming, Cold Forming), By Application (Tablets & Capsules, Syringes, Ampoules, Medical Device, Others.
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