Global Pharmaceutical Caps and Closures Market, By Product (Screw-on Caps, Dispensing Caps), Technology (Injection Molding, Compression Molding, Post-Mold TE Band), Raw Material (PP, HDPE, LDPE), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Pharmaceutical Caps and Closures Market
The pharmaceutical caps and closures market is expected to witness market growth at a rate of 5.36% in the forecast period of 2021 to 2028 and is expected to reach USD 66.66 billion by 2028. Data Bridge Market Research report on pharmaceutical caps and closures market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the importance of the packaging in various industries is escalating the growth of pharmaceutical caps and closures market.
The pharmaceutical caps and closures are utilized to keep the container closed and the contents contained for the specified shelf life. These packaging provide barrier to dirt, moisture and oxygen and keeps the product secure from undesired premature opening. These are beneficial in extending the shelf life. Caps and closures industry use various types of materials to produce suitable product packaging including metals, rubber, paperboard and plastics among others.
The rise in the development of child resistant and tamper evident packaging, increasing demand for convenience in pharmaceutical packaging and surge in the sales of pharmaceuticals products across the globe is escalating the growth of the pharmaceutical caps and closures market. The increasing the adoption of cyclic olefin copolymer (COC) as these are known to be clear amorphous copolymers possessing unique combination of properties such as high transparency, low density and resistance to aqueous and polar organic media and the usage of COC as a raw material in the manufacturing of pharmaceutical caps and closures owning to their excellent barrier properties accelerate the pharmaceutical caps and closures market growth. The rising demand for halogen-free and environmentally-friendly such as COC and the utilization of other plastic materials including High-density polyethylene (HDPE), polyester and PP as raw materials in the construction of caps and closures because of their corrosion resistance, flexibility and lightweight influence the pharmaceutical caps and closures market. Additionally, need for convenience and concerns about product safety and security, and product differentiation and branding positively affect the pharmaceutical caps and closures market. Furthermore, technological advancement in the packaging solutions and the emerging economies extend profitable opportunities to the pharmaceutical caps and closures market players in the forecast period of 2021 to 2028.
On the other hand, development of substitutes is expected to obstruct the pharmaceutical caps and closures market growth. The concerns regarding the risks associated with biodegradability and carcinogenicity of plastics is projected to challenge the pharmaceutical caps and closures market in the forecast period of 2021 to 2028.
This pharmaceutical caps and closures 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, geographical expansions, technological innovations in the market. To gain more info on pharmaceutical caps and closures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pharmaceutical Caps and Closures Market Scope and Size
The pharmaceutical caps and closures market is segmented on the basis of product, technology and raw material. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the pharmaceutical caps and closures market is segmented into screw-on caps and dispensing caps.
- On the basis of technology, the pharmaceutical caps and closures market is segmented into injection molding, compression molding and post-mold TE band.
- On the basis of raw material, the pharmaceutical caps and closures market is segmented into PP, HDPE and LDPE.
Global Pharmaceutical Caps and Closures Market Country Level Analysis
The pharmaceutical caps and closures market is analyzed and market size, volume information is provided by country, product, technology and raw material as referenced above.
The countries covered in the global pharmaceutical caps and closures market report are the 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the pharmaceutical caps and closures market due to the increasing manufacturing, growth in population, rise in the sale of self-medication and OTC drugs and initiatives taken by the government in the region.
The country section of the 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 Caps and Closures Market Share Analysis
The pharmaceutical caps and closures 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 caps and closures market.
The major players covered in the pharmaceutical caps and closures market report are Amcor plc, Berry Global Inc., Caps & Closures Pty Ltd, Closure Systems International, O.Berk, Röchling, SABIC, Silgan Holdings Inc., Tecnocap S.p.A, Crown, Bericap, AptarGroup, Inc., Coral Products, Guala Closures S.p.A, UNITED CAPS, Caprite Australia, Pano Cap., Plastic Closures, TriMas, COMAR, LLC, J.L. CLARK, MJS Packaging among other domestic and 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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