PP Caps Account for over 50% Share
The advent of cutting-edge technologies in the pharmaceutical packaging sector, coupled with stringent regulations pertaining to packaging safety is likely to propel the demand for PP caps in the near future.
Further, as PP caps have the ability to retain their shape and are resistant to breakage and bending, they are increasingly being used to seal IV infusion bottles and thus, forecasted to account for over 50% of the total share. The adoption of rubber seals is on the rise owing to the versatility and flexibility it provides to the manufacturers in terms of elasticity, shape, and strength.
North America to Maintain Lead, East Asia Gaining Ground
Robust healthcare system, strong pursuit of optimum medical polymers, and increasing innovations in pharmaceutical plastic bottles are collectively driving the market growth in North America. However, as prominent pharmaceutical packaging companies are swaying towards outsourcing their production to countries such as China, the market in East Asia is projected for a healthy CAGR of around 6% over the assessment period. In addition, relatively low cost of raw materials in East Asia is attracting investments from established brands that are striving to expand their global footprint.
Supply and Distribution Channels under Spotlight
Leading participants in the IV infusion bottle seals & caps market are vying to expand their global presence and maximizing their ROI by adopting an outsourcing model. Pharmaceutical packaging companies from North America and Western Europe are tying up with local companies in East Asia and South Asia to reduce their operational, logistics, and transportation costs.
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How Growth will Unfold
Accounting for over 60% of the total market value, pharmaceutical packaging companies have identified 21-28 mm as the most reliable and stable neck size for caps. In addition, PP or rubber seals of the mentioned size offer enhanced gripping capabilities and ensure product integrity – a leading factor that is likely to influence the demand for 21-28 mm neck sized caps in the foreseeable future.
IV INFUSION BOTTLE SEALS & CAPS MARKET TAXONOMY
The global IV infusion bottle seals & caps market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- PP Caps
- Euro Pull Ring Caps
- Double Fold Caps
- Foil Caps
- Rubber Seals
- PP Caps
- Neck Size
- Up to 20 mm
- 21-28 mm
- 29-32 mm
- Above 32 mm
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa (MEA)