Market Share of North America Medical Devices Packaging Industry
North America’s Medical Devices packaging market is Semiconsloidated; Established brands are typically associated with strong performance, giving them a competitive edge. Furthermore, significant investments raise the exit barriers for current players, driving the industry toward heightened competition. Vendors are also bolstering their technological capacities, further intensifying market rivalry. Some of the major players operating in the region include Sonoco TEQ (Sonoco Products Company), Berry Global Inc., Brentwood Industries Inc., Spectrum Plastics Group (a DuPont business), and 3M Company.
- May 2024: 3M Company unveiled a USD 67 million expansion at its Nebraska safety protective gear plant. This installation of new production lines and process equipment will generate 40 job opportunities. Additionally, it disclosed plans to erect a 50,000-square-foot warehouse, currently under construction and slated for completion next year, as per an email to Manufacturing Dive.
- February 2024: Spectrum Plastics Group announced the expansion of its Costa Rica manufacturing site. Spectrum, operating from its manufacturing hub in Heredia, Costa Rica, specializes in supplying medical packaging tubing and assemblies to its Latin American clientele. To bolster its capabilities and enhance service efficiency, Spectrum is set to enlarge its Heredia facility from 36,000 to 52,000 square feet.
North America Medical Devices Packaging Market Leaders
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Sonoco TEQ (Sonoco Products Company)
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Berry Global Inc.
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Brentwood Industries Inc.
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Spectrum Plastics Group. (a DuPont business)
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3M Company
*Disclaimer: Major Players sorted in no particular order
