The global sales of prescription bottles are estimated to be worth USD 2.9 billion in 2021 and are anticipated to reach a value of USD 5.2 billion by 2031. Sales are projected to rise at a CAGR of 6.0% over the forecast period between 2021 and 2031. The revenue generated by prescription bottles in 2020 was USD 2.7 billion.
The market is projected to be driven by continuous research & development activities in sustainable packaging, increasing shift in the ease & convenience while handling the tablets/pills and the focus on the reduction of the medication errors. The rising prevalence of chronic diseases including hypertension, diabetes, and other cardio vascular diseases is pushing the demand for prescription bottles.
The increasing global elderly population leads to the higher prevalence of chronic conditions, thereby increasing increased medication needs. Rising healthcare services, clinics and higher proscription rates is boosting the prescription bottles market for ensuring the safe and reliable medication storing and transportation. Increasing emphasis on medication administration and adherence for safety and health is fueling the innovative and secured prescription bottles.
Global Prescription Bottles Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 2.7 billion |
| Estimated Size, 2021 | USD 2.9 billion |
| Projected Size, 2031 | USD 5.2 billion |
| Value-based CAGR (2021 to 2031) | 6.0% |
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Prescription bottles are containers, especially made up of plastic and glass, cylindrical in shape which is prescribed by doctors, physicians, and pharmacists. The prescription bottles are available in different shapes, square, rectangular, oval, and cylindrical or round.
The prescription bottles are usually coloured to provide maximum protection towards the medicines from the changing weather conditions like high exposure to sunlight, etc. The prescription bottles are usually red, dark green, green, aqua, and cobalt blue in colour.
The majority of the prescription bottles are usually amber to orange in colour as they provide maximum protection to the pills and have low production costs. The prescription bottles have detailed information of the medicine to be taken along with timings, frequency, etc.
The prescription bottles are available in different colours and different shapes for the better handling of the medicines as compared to the medicine strip and the bottles are usually dark in colour to provide maximum protection against the photochemical reaction.
The prescription bottles with colour usually provide maximum protection to the tablets as compared to the transparent bottles. Also, the prescription bottles with attached lids and attached writable notepaper allows easy removal of the tablets from the bottle as compared to the non-lid attached pharmacy bottles. The writable notepaper on the prescription bottle allows the patient to note the timings or frequency of taking the medicines which can be easily noticeable.
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The prescription bottles have already attached information on the bottle in terms of the nature of the medicine, frequency of the medicine, time of the day for the intake of medicine, etc. by which a patient can easily refer while taking the medicine.
Also, there is no attached prescription note on the medicine or tablet strips as compared to the prescription bottles in which the patient has to refer to the prescription paper several times, and thereby it is less preferred as compared to the prescription bottles. The prescription bottles provide ease & convenience in the taking of the medicines are compared to the medicine strips.
The prescription bottles made of glass have high chances of breaking and require secondary packaging with the help of protective packaging for transportation and storage. The plastic prescription bottles are not resistant to long-distance transportation as the crushing rate is high which may cause medication or liquid leakage, microbial contamination of the medicine, etc.
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The following global key players such as
Key Asian players manufacturing prescription bottles are National Bottle House, Keepet Containers, Raja Tradelinks Private Ltd., Hindustan Products, Ningbo Suncity, Whea-Stone Co., Ltd., and Neutroplast.
The manufacturers involved in the manufacturing of prescription bottles are involved in developing and launching the new technology in prescription bottles. The manufacturers are also focusing on the new, sustainable packaging formats to be used in the manufacturing of prescription bottles.
The majority of the manufacturers have shifted their aim towards the sustainable manufacturing of the product. Therefore, the enhanced use of the paper while manufacturing the prescription bottles can be practiced by the manufacturers which can be easily decomposed with no risk of creating pollution of toxic waste as it eliminates the use of plastic and toxic chemicals and dyes during the manufacturing process for the paper prescription bottles.
The majority of the key players manufacturing prescription bottles have their presence in the USA which is a market driving factor for the USA.
Also, the use of advanced technology in the growing healthcare & pharmaceutical industry while conducting research and development of the new products is also uplifting the market for prescription bottles in the USA Furthermore, the increasing research & development activities in the pharmaceutical companies are also expected to boost the market for the prescription bottles in the USA.
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Prescription Bottles Market
