The net worth of the market share of pharmaceutical plastic bottles is predicted to grow from US$ 35.8 Billion in 2023 to over US$ 97.1 Billion by 2033. This is expected to further drive the market share and register a CAGR of 10.5% between 2023 and 2033.
The pharmaceutical plastic bottles market encompasses the production and distribution of plastic containers specifically designed for storing pharmaceutical products such as tablets, capsules, syrups, and ointments. These bottles are available in various sizes, shapes, and materials, including high-density polyethylene (HDPE), polyethylene terephthalate (PET), and polypropylene (PP). They are widely used in the pharmaceutical industry due to their durability, chemical resistance, and ability to maintain product integrity.
The pharmaceutical plastic bottles market is projected to grow in the coming years, driven by factors such as the increasing use of plastic bottles in the packaging of pharmaceutical products, the growing demand for packaging solutions that can preserve the quality and safety of drugs, and the increasing adoption of innovative packaging technologies. Additionally, the growing demand for lightweight and easy-to-use packaging solutions, along with the rising popularity of online pharmacies, is also expected to drive the growth of the market.
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Competitive Landscape
Some of the prominent players in the pharmaceutical plastic bottles market are as follows:
- Berry Global Inc.
- Amcor Plc
- Gerresheimer AG
- AptarGroup, Inc.
- O. Berk Company, LLC
- Alpha Packaging Holdings, Inc.
- Comar, LLC
- Alpack Inc.
- ALPLA Werke Alwin Lehner GmbH & Co KG
- Drug Plastics Group
- others.
Key Factors Driving Market Growth
- Rising Pharmaceutical Industry: The pharmaceutical sector is expanding globally, driven by factors such as an aging population, increasing prevalence of chronic diseases, and advancements in healthcare infrastructure. This growth directly translates into a higher demand for pharmaceutical plastic bottles.
- Stringent Regulations and Quality Standards: Governments and regulatory bodies worldwide have implemented stringent regulations regarding packaging and labeling of pharmaceutical products. Pharmaceutical plastic bottles must comply with these regulations, ensuring the safety and integrity of the packaged medicines.
- Increasing Drug Counterfeiting: The rise in counterfeit drugs poses a significant threat to public health. To combat this issue, pharmaceutical companies are adopting advanced packaging solutions, including tamper-evident and child-resistant pharmaceutical plastic bottles.
- Technological Advancements: The pharmaceutical plastic bottles industry is witnessing technological advancements in terms of materials, design, and manufacturing processes. This includes the development of innovative plastic materials with enhanced barrier properties and increased sustainability.
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Pharmaceutical plastic bottles are widely used in healthcare industry for packaging solid and liquid formulations. Rising use of plastic bottles over glass bottles, will give tailwinds to sails in the healthcare sector. Against this backdrop, expansion of healthcare and pharmaceutical industries will continue creating conducive environment for the market’s growth.
According to the Centers for Disease Control and Prevention (CDC), in 2018, per capita national healthcare expenditure in the U.S. stood at US$ 11,172. With considerable rise of healthcare spending on card, the U.S. will emerge as a highly lucrative market for sales of pharmaceutical plastic bottles.
As per FMI, sales in the U.S. will account for 79.3% of overall sales registered in North America by 2031.
As per the India Brand Equity Foundation (IBEF), India healthcare market is anticipated to surpass valuation of US$ 372 billion by 2022. Government initiatives undertaken to provide good quality and affordable healthcare facilities across India will remain a chief growth driver. This will supplement expansion of pharmaceutical plastic bottles sales in India in coming years.
Pharmaceutical Plastic Bottles Market Segmentation by Category
By Bottle Type:
- Plastic Bottles for Solid Formulation
- Plastic Bottles for Liquid
- Plastic Bottles for Ophthalmic/Nasal Formulation
By Material Type:
- Polyethylene (PE)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl chloride (PVC)
By Capacity:
- Below 100 ml
- 100 ml – 250 ml
- Above 250 ml
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