The North America Plastic Healthcare Packaging Market would witness market growth of 4.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Plastic Healthcare Packaging Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,011.6 million by 2031. The Canada market is experiencing a CAGR of 4.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.3% during (2024 - 2031).
The healthcare packaging industry is critical to the healthcare industry, ensuring that pharmaceuticals, medical devices, and other healthcare products are safely and effectively delivered to consumers.
Moreover, among the various materials used for packaging, plastic has emerged as one of the most popular and widely adopted options due to its versatility, cost-effectiveness, and ability to meet the stringent requirements for storing and transporting healthcare products. The plastic healthcare packaging market, which encompasses the packaging of drugs, medical devices, diagnostic products, and other healthcare-related items, has seen significant growth.
The growing healthcare sectors in Canada and Mexico, driven by increasing cancer diagnoses and expanding medical device industries, will significantly impact the plastic healthcare packaging market. The rising prevalence of cancer and the continuous growth in medical device sectors in both countries will create higher demand for medical supplies, pharmaceuticals, and packaging solutions, particularly in plastic packaging, which is essential for safe and efficient product delivery.
Free Valuable Insights: The Plastic Healthcare Packaging Market is Predict to reach USD 35.32 Billion by 2031, at a CAGR of 5.0%
Based on Industry, the market is segmented into Pharmaceutical Packaging and Medical Device Packing. Based on Product Type, the market is segmented into Bottles Packaging, Pouches, Vials, and Other Product Type. Based on Material, the market is segmented into Polyethylene, Polyethylene Terephthalate, Polypropylene, and Other Material. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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