North America Sachet Packaging in Pharmaceuticals Market Observes Tremendous Growth with 5.3% CAGR during the forecast period 2020-2027

 

Sachet Packaging in Pharmaceuticals Market

Sachet packaging is a type of flexible packaging made up of several layers of aluminium, plastic, and other materials. Sachet packaging protects the product from physical or environmental hazards while also retaining its freshness for an extended period of time. The North America Sachet Packaging in Pharmaceuticals Market is expected to exceed US$ 612.1 MN in revenue by the end of 2027, with a CAGR of 5.3% during the forecast period (2020 to 2027).

The rising demand for over-the-counter drugs is expected to propel the North America Sachet Packaging in Pharmaceuticals Market. Over-the-counter (OTC) medications are used to treat common conditions such as the common cold, allergies, body pain, upper and lower gastrointestinal (GI) tract issues, fungal infections, skin inflammation, smoking cessation, and sleeping disorders, among others. OTC medications are sold in a wide range of retail locations, including grocery stores, drug stores, and mass merchandisers. According to a 2019 report released by the U.S. Consumer Healthcare Products Association (CHPA), the availability of OTC medicines adds US$ 146 billion to the U.S. healthcare system.

Furthermore, the benefits of sachet packaging are expected to drive the growth of the North American sachet packaging in pharmaceuticals market. Sachet packaging uses less packaging material, takes up less storage space, and has a low shipping cost. This can result in lower overall packaging costs. The style and design of sachet packs can be altered to a greater extent. Pharmaceutical manufacturers can order packs in any size or shape to meet the needs of their company, brand, and product. The large surface area of sachet packaging provides the ideal opportunity for pharmaceutical manufacturers to brand.

Among countries, the United States dominated the North America Sachet Packaging in Pharmaceuticals Market in 2019, accounting for 85.0% of revenue, followed by Canada. The availability of substitutes is limiting the demand for sachet packaging in North America. For example, the availability of other flexible packaging substitutes such as stick packaging and pouch packaging is expected to impede the market growth of North America sachet packaging in pharmaceuticals during the forecast period. Stick packaging has lower total packaging costs and lower raw material costs than sachet packaging from an economic standpoint. This factor is also expected to impede the growth of the sachet packaging market in pharmaceuticals in North America.

The current North America sachet packaging in pharmaceuticals market trend is innovation and new product development by several manufacturers. Manufacturers are focusing on developing innovative products in order to strengthen their presence in the North America Sachet Packaging in Pharmaceuticals Market. Amcor plc., headquartered in Switzerland and operating globally, including in North America, for example, provides Dessiflex Sachet Laminates, which include an active sealing layer that absorbs moisture trapped in the package or coming from cross-diffusion through the seals. It is ideal for protecting moisture-sensitive products and devices as well as extending the shelf life of products. Dessiflex solutions work well with liquids, powders, and gels.

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

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