Pharmaceutical Plastic Bottles Market By Bottle Type (Plastic Bottles For Solid Formulation, Plastic Bottles For Liquid), Material (Polyethylene terephthalate (PET), Polypropylene (PP), Polyvinyl chloride (PVC)), Capacity (Below 100 ml, 100 ml – 250 ml) & Region - Forecast to 2021- 2031
Pharmaceutical Plastic Bottles Market - Analysis, Outlook, Growth, Trends, Forecasts
- June 2021
- 200 pages
Pharmaceutical Plastic Bottles Market Snapshot
[200 Pages Report] As per newly released data from Future Market Insights, the pharmaceutical plastic bottles market is expected to register a year-on-year (YoY) growth of 10.0% in 2021, reaching US$ 29.6 Bn. According to the study, overall pharmaceutical plastic bottles sales will increase at 10.3% CAGR between 2021 and 2031.
The U.S. will emerge as a leading market, exhibiting year on year growth at 8.9% in 2021 after bucking initial skepticism about how the market would perform amid pandemic. The demand for plastic bottles for ophthalmic/nasal formulation will be highest among all, rising at 12.2% CAGR between 2021 and 2031.
Key Points Covered in Pharmaceutical Plastic Bottles Market Study
- Market Estimates and Forecast 2013-2031
- Key Drivers and Restraints Impacting Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Pharmaceutical Plastic Bottles Market and How to Navigate
- Recommendation on Key Winning Strategies
2016-2020 Pharmaceutical Plastic Bottles Market Outlook Compared to 2021-2031 Forecast
Driven by the growth of the healthcare industry across the globe, the pharmaceutical plastic bottles market is anticipated to rise at 10.3% CAGR from 2021 to 2031 in comparison to the 4.7% CAGR registered during 2013 to 2020.
The COVID-19 pandemic has resulted in incremental growth of the healthcare industry worldwide. The evolution of the healthcare industry has resulted in heightened demand for efficient and economical pharmaceutical packaging solutions.
Pharmaceutical plastic bottles are widely used in the industry for packaging solid and liquid formulations. In the coming years, the demand for pharmaceutical plastic bottles is anticipated to witness a surge along with the expansion of healthcare infrastructure globally.
Traditionally, the use of pharmaceutical glass bottles was common in the industry, but with the introduction of plastic bottles in the market and benefits in cost and weight, the pharmaceutical bottles market has witnessed a drastic transition.
Pharmaceutical plastic bottles are preferred by both, manufacturers and consumers as compared to glass bottles.
The pharmaceutical plastic bottles market has witnessed several technological advancements in terms of parameters such as the type of plastic used, the variety of closures offered, or the extensive range of sizes have positively impacted sales.
Key trends driving pharmaceutical plastic bottles market growth include the use of post-industrial and post-consumer recycled plastic as raw material, along with innovations like child-resistant closures and counterfeit protection solutions.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
How is Innovation Crucial for Pharmaceutical Plastic Bottles Market Growth?
The introduction of child-resistant closures is one of the key technological advancements that has augmented the growth of the industry. Child-resistant solutions generally come in two-piece push and turn pieces.
The increase in the number of poisoning cases in underage children caused by accidental ingestion of medicines was a growing concern among the consumers which is drastically reduced by child-resistant packaging solutions.
Anti-counterfeit solutions also have gained tremendous popularity among manufacturers. The introduction of anti-counterfeit technologies like barcodes, labels, tags and more to minimize counterfeiting is gaining traction in the target industry.
Along with the above-mentioned solutions, RFID and QR codes are some of the key advancements in the pharmaceutical plastic bottles market. These innovations and technological advancements are bolstering growth.
What is the Impact of the COVID-19 Pandemic on the Pharmaceutical Plastic Bottles Market?
The COVID-19 crisis has negatively impacted growth registered. Losses incurred can be attributed to restrictions on logistics and lockdowns imposed across the globe. The reduced production capacity and delays in the supply of raw materials resulted in decreased manufacturing output.
The pharmaceutical plastic bottle industry also suffered severe loss during the pandemic. Manufacturers have struggled to meet the sudden rise in demand owing to delays in the shipment of raw materials. Gradual relaxation of lockdowns is projected to aid recovery as a result of the ever-increasing demand from the market.
How is the Pharmaceutical Plastic Bottles Market Set to Fare in the U.S.?
North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to account for over 79.3% of the North America market through 2031.
The high healthcare spending of the country is one of the main factors supporting market growth. In North America, the U.S. dominates the pharmaceutical plastic bottles market and is anticipated to expand 2.5 times its current market size by the year 2031.
As per the FMI analysis, the U.S. is projected to generate substantial demand for the pharmaceutical plastic bottles for the coming decade. The strong desire for an exceptional healthcare system in the U.S. amongst the population and favorable state policies has bolstered the growth of the healthcare industry in the country.
According to the Organization for Economic Co-operation and Development (OECD), the U.S. was the country with the highest per capita healthcare spending totaling US$ 11,072 Mn in the year 2019.
The U.S. remains one of the world's largest markets for pharmaceuticals, making it a lucrative market for pharmaceutical plastic bottles manufacturers. Rising cases of chronic diseases, growing overall population, and high medical care awareness among Americans will drive growth.
Why is Demand for Pharmaceutical Plastic Bottles Increasing in the U.K.?
The demand for pharmaceutical plastic bottles in the U.K. is expected to rise at nearly 8% CAGR over the forecast period. The U.K. has a significantly developed and advanced healthcare system owing to the efforts of the government.
The pharmaceutical plastic bottles market in the country is evolving steadily as a result of factors such as the rise in the number of manufacturers, the rapidly growing pharmaceutical industry, and high consumer attentiveness towards healthcare.
The country is projected to be the second-largest market shareholder in Europe after Russia and is anticipated to cover over 15.1% of the Europe market by the year 2031.
Why are Pharmaceutical Plastic Bottle Manufacturers Eyeing China?
China is projected to account for over 59% of the pharmaceutical plastic bottles market in East Asia. The cost of manufacturing is significantly lower in the country along with the availability of inexpensive labor and a vast consumer pool, which is attracting many manufacturers.
China also remains one of Asia’s largest markets for pharmaceuticals, making it lucrative for pharmaceutical plastic bottle manufacturers. Furthermore, the growing population, rise in cases of chronic diseases, and high medical care awareness among the population will drive growth in the market. The market in China is estimated to grow at a CAGR of 11.4% during the forecast period.
How is the Evolving Healthcare Industry Aiding Sales in India?
Driven by expansion of the healthcare industry, the market in India is expected to surpass US$ 1.9 Bn worth by 2021 end. Government initiatives undertaken to give quality and affordable healthcare facilities are anticipated to supplement the development of India's pharmaceutical plastic bottles market. As per the India Brand Equity Foundation (IBEF), the Indian healthcare market is expected to reach US$ 372 billion by the year 2022.
The expansion of healthcare infrastructure in the country in both urban and rural areas is fuelling growth. The consistently evolving healthcare industry and promising government policies are some of factors creating opportunities to boost the sales of pharmaceutical plastic bottles during the forecast period.
How are Plastic Bottles for Ophthalmic/Nasal Formulations Contributing to Growth?
Based on bottle type, plastic bottles for ophthalmic/nasal formulations have emerged as leading contributors to growth. The segment will account for over 42.7% of sales in 2021.
The rise in the applications of corticosteroid drugs in nasal formulations for a variety of treatments is boosting consumption. Furthermore, the increasing problem of pollution-related eye allergies is an important factor bolstering demand.
Why is the Demand for Polyethylene Terephthalate (PET) Bottles Rising?
The polyethylene terephthalate (PET) segment is expected to surpass a valuation of US$ 8.3 Bn in the year 2021. As per the FMI analysis, the use of polyethylene terephthalate (PET) is growing at a comparatively higher rate.
The increasing restrictions and regulations globally on the usage of plastics has compelled manufacturers to increase the utilization of recycled polyethylene terephthalate (PET) for the production of pharmaceutical plastic bottles. Moreover, polyethylene terephthalate (PET) has a comparatively higher barrier strength and recyclability making it a favorable choice.
On the back of these factors, the consumption of polyethylene terephthalate (PET) is anticipated to increase at a CAGR of 11.3% during the forecast period.
What Capacity of Bottles are Commonly Used in the Market?
Bottles with a capacity below 100 ml are anticipated to hold major market share by 2031 accounting for over 52% of the market. With increasing preference towards smaller packaging, the demand for below 100 capacity bottles is experiencing an upward trend.
Below 100 ml capacity bottles are widely used in the packaging of ophthalmic and nasal formulations which is projected to be the fastest-growing segment in the bottle type category. On the back of these factors the below 100 ml capacity bottles are anticipated to expand at a CAGR of 11.4% through 2031.
Companies operating in the pharmaceutical plastic bottles market are aiming for expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, portfolios, and global presence.
- In March 2021, Gerresheimer AG a leading manufacturer in the pharmaceutical plastic bottles market started the construction and development of its new manufacturing facility in Ohio, U.S. The facility will also be equipped to produce plastic bottles for solid, liquid, and ophthalmic/nasal formulations.
- In January 2021, ALPLA Werke Alwin Lehner GmbH & Co KG, a global manufacturer of plastic packaging announced an investment of more than five-million dollars in an extrusion system for the manufacture of recycled PET in Italy.
- In July 2019, Berry Global Inc. announced the completion of its acquisition of the RPC Group. The transaction created one of the world’s largest plastic and recycled packaging companies with a combined footprint in over 290 locations across the globe.
Scope of Report
Historical Data Available for
US$ Million for Value and Million Units for Volume
Key Countries Covered
US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Poland, Turkey, South Africa, GCC, Japan, South Korea, India, China, Australia and New Zealand
Key Segments Covered
Bottles type, Material type, Capacity, and Region
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Pharmaceutical Plastic Bottles Market by Category
By Bottle Type
- Plastic Bottles For Solid Formulation
- Plastic Bottles For Liquid
- Plastic Bottles For Ophthalmic/Nasal Formulation
By Material Type
- Polyethylene (PE)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl chloride (PVC)
- Below 100 ml
- 100 ml – 250 ml
- Above 250 ml
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)