PUBLISHER: Grand View Research | PRODUCT CODE: 1553588
PUBLISHER: Grand View Research | PRODUCT CODE: 1553588
The North America PET laminated sheet for thermoforming market is anticipated to reach USD 237.13 million by 2030, growing at a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for blister packaging in North America's pharmaceutical sector is significantly fueling the market growth.
Moreover, the increase in the production and sales of pharmaceutical products in the U.S., Canada, and Mexico is propelling the demand for blister packaging. This optimistic outlook is positively impacting the growth of the PET laminated sheet for thermoforming the regional market.
The presence of major vaccine manufacturers, such as Pfizer, Inc.; Merck & Co., Inc.; Aldevron; and GBI in North America is expected to drive the demand for clamshell blister packing to safeguard vials and ampoules filled with vaccines during transportation as well as offer protection from external factors, such as temperature and air, which may affect the efficacy of medicines. Hence, this landscape is benefitting the overall PET laminated sheet market in the region.