The global sales of plastic medicine bottles market are estimated to be worth USD 8.4 billion in 2021 and are anticipated to reach a value of USD 11.9 billion by 2031. Sales are projected to rise at a CAGR of 3.6% over the forecast period between 2021 and 2031. The revenue generated by plastic medicine bottles market in 2020 was USD 8.1 billion.
The growth in demand for convenient, light, and durable medicine packaging in the pharmaceutical industry propels the plastic medicine bottles market. Increasing healthcare needs across the world for over-the-counter drugs and prescription medications have led to raised demand for reliable plastic bottles. New innovations in plastics, such as tamper-evident and child-resistant designs, further the safety and regulatory compliance of the bottles.
Increasing demand for sustainability, hence sees medicine bottles made from recyclable and friendly plastic options. Online or e-pharmacies and especially direct-to-consumer drug delivery services have also raised the bar on their demand for effective and safe packaging solutions. Besides, further development of manufacturing technologies allows for more custom-tailored and cost-efficient production, which encourages market growth.
Global Plastic Medicine Bottles Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 8.1 billion |
| Estimated Size, 2021 | USD 8.4 billion |
| Projected Size, 2031 | USD 11.9 billion |
| Value-based CAGR (2021 to 2031) | 3.6% |
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Plastic Medicine Bottles are one of the most preferred modes of packaging for medicine. As the pharmaceuticals are sensitive in nature they can lose their therapeutic qualities when exposed to the environment and as the plastic medicine bottles stores, the medicine effectively and also help the medicine to maintain its therapeutic qualities the medicine manufacturers usually prefers plastic medicine bottles to store their medicine.
The wide availability of environmentally acceptable alternatives to PE and PET, like glass, metal, and sugarcane, may limit the plastic medicine bottles market's growth.
Moreover, Government rules and regulations on the use of plastics are hampering the growth of the global plastic medicine bottles market. In addition to this consumers are becoming more concerned about the use of plastic as it can have an adverse effect on the environment. This rising concern is also one of the key factors which are having a negative impact on the plastic medicine bottles market.
Hence understanding this growing environmental concern the key players in the market are investing a high amount in research and development to resolve these concerns and make plastic bottles safer for pharmaceutical usage.
The USA and Canada have shown lucrative growth for the plastic medicine bottles market. The low cost required for the plastic medicine bottles packaging is one of the key reasons behind the growth of the plastic medicine bottles market in the USA and Canada.
Lowering the medicinal cost is being one of the main concerns in the USA and Canada region. Thus to lower the cost, the medicine manufacturers prefer packaging which is cost effective also has strong medicine handing capabilities which are expected to propel growth to the plastic medicine bottles market.
Principal Consultant
From the past few years, Europe has become one of the significant markets for plastic medicine bottles and it is expected to show significant growth during the forecasted period 2021 to 2031.
One of the key reasons behind the growth of plastic medicine bottles is product innovation. Consumers in the European region are highly attracted to innovation. These consumer base usually prefers product which has something innovative or different. Thus the key players in the plastic medicine bottles industry are coming with innovative products to attract more consumer bases and to have a greater hold on the plastic medicine bottles market.
For instance, Amcor limited who is a global leader in packaging solutions introduced a 53-ounce polyethylene terephthalate (PET) bottle made entirely of post-consumer recycled (PCR) PET resin for Method Products.
Thus the product innovation brought by the plastic medicine bottles manufacturers is expected to propel growth to the plastic medicine bottles market in the European region.
Some of the leading manufacturers of Plastic Medicine Bottles are
These are the key players driving market demand for Plastic medicine bottles and they are investing in adopting advanced technology to manufacture high quality plastic medicine bottles.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Application 6.3. Closure Type 6.4. Raw Material 6.5. End-User 7. Global Market Analysis and Forecast, By Type 7.1. Dropper Bottle 7.1.1. Ear Droppers 7.1.2. Nose Droppers 7.1.3. Eye Droppers 7.2. Liquid Bottles 7.3. Solid Containers 7.4. Others 8. Global Market Analysis and Forecast, By Application 8.1. E-liquid 8.2. Liquid 8.3. Oral Care 8.4. Topical medication 8.5. Droppers 9. Global Market Analysis and Forecast, By Closure Type 9.1. Friction Fit 9.2. Screw Cap 9.3. Crown Cap 9.4. Others (Hole Caps, Flat Top, Metal Caps) 10. Global Market Analysis and Forecast, By Raw Material 10.1. Polyethylene Terephthalate (PET) 10.2. Low-Density Poly Ethylene (LDPE) 10.3. High-Density Poly Ethylene (HDPE) 10.4. Poly Propylene (PP) 11. Global Market Analysis and Forecast, By End-User 11.1. Healthcare Centers 11.2. Compounding Pharmacies 11.3. Chemical Companies 11.4. Pharmaceutical Companies 11.5. Pharmaceutical Packaging Companies 12. Global Market Analysis and Forecast, By Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. Asia Pacific 12.6. Japan 12.7. Middle East and Africa 13. North America Sales Analysis and Forecast, by Key Segments and Countries 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 17. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. Japan Sales Analysis and Forecast, by Key Segments and Countries 19. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 20. Sales Forecast by Type, Application, Closure Type, Raw Material, and End-User for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. Alpha Packaging 22.2. Amcor Limited 22.3. Berry Global Inc. 22.4. Aptar Pharma 22.5. COMAR, LLC 22.6. Pretium Packaging Corp. 22.7. Gerresheimer AG 22.8. Drug Plastics & Glass Co Inc 22.9. HOKKAN HOLDINGS LIMITED 22.10. PDG Plastiques 22.11. Plastipak Holdings Inc.
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Plastic Medicine Bottles Market
