Global Pharmaceutical Bottles Market, By Raw Material (Plastics, Paper and Paperboard, Glass, Metal), Product (Primary, Secondary), Drug Delivery (Oral Drugs, Injectable, Topical, Ocular/ Ophthalmic, Nasal, Pulmonary, Transdermal, IV Drugs, Others), End User (Pulp and Paper, Packaging, Food, Paints and Coatings, Personal Care and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Pharmaceutical Bottles Market
Pharmaceutical bottles market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.2% in the above-mentioned forecast period and the market value is anticipated to reach USD 11,550.9 million by 2028.
Pharmaceutical bottles are basically a container or a device which is designed to store or hold medication and drugs. The major purpose of these bottles is to shield products from the damaging effects of the external environment and keep the medications or drugs effective and safe. They are available in various materials such as plastics, paper and paperboard, glass and metal.
Rising demand for adoption of the HDPE bottles due to its better light weighting and oxygen barrier properties which directly impacts the shelf life of the drug is driving the growth in the market value. Moreover, the growing bulk purchase preference of tablets, increasing use of the smart packaging for patient engagement and identification, growing penetration of retail pharmacies in developing regions and a rising focus on brand enhancement and product differentiation by pharmaceutical manufacturers are some other significant factors that will also promote the market growth rate. However, the price volatility of raw materials and lack of workforce due to COVID-19 is projected to create hindrance for the market growth rate.
The increasing research and development activities and use of innovative packaging, as well as advanced manufacturing processes to develop sustainable and eco-friendly packaging solutions provide profitable opportunities for the growth of the market. The stringent government regulations and standards is projected to further dampen the market growth rate, resulting in generating challenges for the market’s growth rate.
This pharmaceutical bottles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pharmaceutical bottles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pharmaceutical Bottles Market Scope and Market Size
Pharmaceutical bottles market is segmented on the basis of raw material, product, drug delivery and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of raw material, the pharmaceutical bottles market is segmented into plastics, paper and paperboard, glass and metal.
- Based on product, the market is segregated into primary and secondary.
- On the basis of drug delivery, the pharmaceutical bottles market is segmented into oral drugs, injectable, topical, ocular/ ophthalmic, nasal, pulmonary, transdermal, IV drugs and others.
- On the basis of end user, the pharmaceutical bottles market is segmented into pulp and paper, packaging, food, paints and coatings, personal care and others.
Pharmaceutical Bottles Market Country Level Analysis
The pharmaceutical bottles market is analyzed and market size insights and trends are provided by raw material, product, drug delivery and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is anticipated to lead the pharmaceutical bottles market and will continue to flourish its trend of dominance during the forecast period due to high purchasing power and a rise in adoption rate of smart and advanced packages within the region. Asia Pacific is projected to show lucrative growth due to surging purchasing power in regions such as Japan, China and India along with growing consciousness towards environmental issues.
The country section of the pharmaceutical bottles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pharmaceutical Bottles Market Share Analysis
The pharmaceutical bottles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pharmaceutical bottles market.
The major players covered in the pharmaceutical bottles market report are 3M, BD, CCL Industries, McKesson Corporation, WestRock Company, AptarGroup Inc., Gerresheimer AG, Klöckner Pentaplast, SCHOTT AG, West Pharmaceutical Services Inc., Amcor plc, Berry Global Inc., FlexiTuff Ventures International Ltd., International Paper, Stevanato Group, Origin Pharma Packaging, Mondi, Lonza, Robert Bosch GmbH, DuPont., Boston Scientific Corporation among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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