North America Sachet Packaging in Pharmaceuticals Market by Latest Trends, Demand, Key Companies and Sales Data

Trends in North America Sachet Packaging for Pharmaceuticals

North America sachet packaging in pharmaceuticals market is expected to surpass US$ 612.1 million by 2027, exhibiting a CAGR of 5.3% during the forecast period (2020-2027).

Key Players:

Ahlstrom-Munksjo, Amcor plc, American Flexpack, Constantia Flexibles, Glenroy Inc., Multi-Pack Solutions LLC, Ropack, Inc., Sharp, Synchpack, and Tripak Pharmaceuticals.

Market Dynamics

The increasing demand of OTC drugs is expected to augment the target market growth in the U.S. In addition, OTC (over-the-counter) drugs are easily available. Moreover, they offer solutions for allergies, body pain, upper and lower gastrointestinal (GI) tract issues, and others. Furthermore, OTC drugs are available in various retail outlets.

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Benefits associated with sachet packaging include offering of pre-measured single-dose packages that offer right amount of product inside, which helps in reduction of product waste. Furthermore, the aluminum foil present in sachets creates a protective barrier. This keeps contaminants such as oxygen, moisture, and light away from the medical products. This helps in the extension of shelf life of pharmaceuticals. These factors have been fueling the target market growth as well.

North America Sachet Packaging in Pharmaceuticals Market – Impact of Coronavirus (Covid-19) Pandemic

The overall increasing demand for pharmaceuticals is expected to drive the market growth of North America sachet packaging in pharmaceuticals during the pandemic. For instance, according to the U.S. Consumer Healthcare Products Association (CHPA), among OTC drugs hand sanitizer sales were up by over 600% to reach US$ 1.46 Bn, while sales of consumer medical devices increased by 15.6% to reach US$ 14.8 Bn in 2020.

Key features of the study:

• This report provides in-depth analysis of North America sachet packaging in pharmaceuticals market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, country wise 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 overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

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