Pharmaceutical plastic bottle manufacturers are increasingly focusing on material and design innovations, including smart dosing functions to better ensure patient compliance.
the pharmaceutical plastic bottles market the value will rise to US $ 29.6 billion in 2021, according to Future Market Insights (IMF). Driven by the expansion of the healthcare industry, the market is expected to grow at a CAGR of 10.3% during the assessment period 2021-2031. Despite the logistical challenges amid the restrictions imposed to contain the pandemic in 2020, the market is expected to register 10.0% year-over-year growth in 2021.
The paradigm shift in consumer behavior towards adoption of sustainable packaging solutions is fueling market growth. Features such as low weight and cost effectiveness boost sales. Advances in the healthcare industry have driven demand for efficient and cost-effective packaging solutions, creating lucrative growth opportunities.
The increasing possibilities of corticosteroid drug applications in nasal formulations for a large number of treatments are boosting sales prospects. IMF has estimated that plastic bottles for ophthalmic / nasal formulations will account for more than 42.7% of pharmaceutical plastic bottle sales in 2021.
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Demand continues to grow for polyethylene terephthalate (PET) offerings due to its high barrier resistance and recyclability, thus driving market growth. According to the study, PET is expected to grow at a CAGR of 11.3% during the forecast period 2021-2031, surpassing a valuation of US $ 8.3 billion in 2021.
North America will remain a very lucrative market. The increase in health care spending will allow the United States to dominate the market in North America. It is set to grow 2.5 times the size of its current market through 2031, accounting for over 79.3% of the North American market by the end of 2031.
“The emergence of technological advancements, including child resistant closures and counterfeit protection solutions, is boosting the adoption of pharmaceutical plastic bottles, especially in developed countries,” said an analyst from Future Market Insights.
Key Points From Pharmaceutical Plastic Bottles Market Research
Supported by the presence of advanced healthcare infrastructure, the UK market is expected to grow at a CAGR of 8% during the forecast period.
The Chinese market is expected to grow at a CAGR of 11.4%, accounting for over 59% of the pharmaceutical plastic bottle market in East Asia.
The Indian market is expected to grow at a significant rate, surpassing a valuation of US $ 1.9 billion in 2021, supported by a large patient population.
The United States dominates the pharmaceutical plastic bottle market in North America and is expected to account for nearly 79.3% of sales through 2031.
Polyethylene terephthalate (PET) is expected to exceed a valuation of US $ 8.3 billion in 2021, thanks to recycling and durability characteristics.
The growing demand for sustainable packaging solutions is driving the growth of the market.
The emergence of technological innovations contributes to the growth of the market.
The COVID-19 virus outbreak is a major factor hindering growth.
Growing environmental concerns regarding the use of plastic will pose a challenge to adoption.
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Pharmaceutical plastic bottle manufacturers are focused on making expansions and acquisitions to strengthen their global presence.
In July 2019, Berry Global Inc. announced the acquisition of RPC Group. This acquisition will help strengthen the combined platform of the two organizations with product design and expertise.
In January 2021, ALPLA Werke Alwin Lehner GmbH & Co KG, one of the world’s leading producers of plastic packaging, announced an investment of over five million dollars in an extrusion system for the production of recycled PET in Italy.
Some of the major players operating in the Pharmaceutical Plastic Bottle Market presented by Future Market Insights are:
Berry Global Inc.
Berk Company, LLC
Alpha Packaging Holdings, Inc.
ALPLA Werke Alwin Lehner GmbH & Co KG
Pharmaceutical Plastics Group
Spa Bormioli Pharma
L. Smith Company
United States Plastics Company
Weener Plastics Group BV
Pretium packaging company
Packaging Group Pro-Pac Pty Ltd
More valuable market information
IMF in its new report offers an unbiased analysis of the global pharmaceutical plastic bottles market, analyzing forecast statistics through to 2021 and beyond. The survey reveals growth projections in the pharmaceutical plastic bottles market with detailed segmentation:
By type of bottle
Plastic bottles for solid formulation
Plastic bottles for liquid
Plastic bottles for ophthalmic / nasal formulation
By type of material
High density polyethylene (HDPE)
Low density polyethylene (LDPE)
Polyethylene terephthalate (PET)
Polyvinyl Chloride (PVC)
Below 100 ml
100 ml – 250 ml
Above 250 ml
Middle East and Africa (MEA)
Key Questions Answered In The Pharmaceutical Plastic Bottles Market Report
The report offers detailed information on the demand outlook for Pharmaceutical Plastic Bottles for 2021-2031
The market study also highlights the expected sales growth for the pharmaceutical plastic bottles market between 2021 and 2031.
The Pharmaceutical Plastic Bottles market research identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluating the current market size and forecast and technological advancement in the market. within the industry
Analysis of pharmaceutical plastic bottles market share of key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.
Name: Mr. Abhishek Budholiya
E-mail: Send an email
Organization: Future Market Outlook
Source: Marketers Media
Version number: 89040796
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