Pocket Containers Market: Pharmaceuticals Industry to Register Highest End-use: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)
- REP-GB-6424
- 2018-03-09
- 170 Pages
- Format:
- Category: Packaging
As miniaturization continues to trend across the global manufacturing landscape, products are becoming smaller and compact, which has characteristically influenced the need to contain them. Medications has transformed from syrups to pills, electronic devices such as wireless ear-buds have replaced their corded counterparts, and tools of daily use have become more compact for convenient storage. Collectively, such transformations have influenced packaging companies to offer containers that help consumers store miniaturized things conveniently in their pockets. There has been a steady upsurge in demand for pocket containers, wherein their presence continues to gain prevalence across global customer bases. To capture the changing requirements of customers, manufacturers are offering pocket containers with advanced features such as moisture resistance and air-tight concealment.
Future Market Insights foresees the global demand for pocket containers to grow steadily in the due course of the forecast period, 2017-2026. During this period, the global market for pocket containers is assessed to expand at an estimated 5.6% CAGR in terms of value. Easy adaptability of manufacturers in catering to the diversifying container specifications will further support the growth of the global pocket containers market in the near future. By the end of 2026, more than US$ 610 million worth of pocket containers are expected to be sold across the globe.
Pocket Containers Made of Polypropylene to Capture Majority of Customer Demands
The report estimates that polypropylene will be sought-after materials in the manufacturing of pocket containers. By the end of 2026, nearly 40% of pocket containers sold in the world will be made of PP materials. Being an inexpensive material, polypropylene will continue to translate high profits for pocket containers manufacturers, and will also generate consistent demand by exhibiting high flexural strength and low frictional co-efficiency.
Pharmaceuticals Industry to Account for More than 65% of Global Pocket Container End-use
In 2018 and beyond, majority of pocket containers will be used to carry medications in the form of pills. Pharmaceuticals industry remains highly lucrative for the sales of pocket containers as pills are being sold along with these containers to capture consumer convenience in terms of storage. New pocket containers being developed are offering properties that can keep the pharmaceutical pills intact from any undue bioactive alterations through intervention of external factors such as moisture and heat. By the end of 2026, pharmaceuticals industry will be the largest end-user of pocket containers, accounting for revenues worth over US$ 415 million.
Demand for Screw Cap Pocket Containers to Dip; Manufacturers to Focus on Producing Pocket Containers with 30-75 ml Capacity
Currently, pocket containers with screw cap closures are showcasing a stellar demand. However, spillage risks will lower their sales in the future. Between 2017 and 2026, the global market value share of screw cap pocket containers will incur a descent of 3% or more. The demand for pocket containers with child resistant closures will gain traction, reflecting a fast value growth at 6.9% CAGR over the forecast period.
Manufacturers will also focus on extending the production of pocket containers with 30-75 ml capacity. Over the forecast period, more than one-third share of pocket containers produced in the world will offer 30-75 ml capacity for storage. Companies namely, All American Containers, Alpha Packaging Holdings, Amcor Ltd., CKS Packaging, DailyMag Sharp Containers, Gerresheimer, TYH Container Enterprises, USON Plast, and Vidchem pty ltd., which are observed as the key manufacturers of pocket containers in the global market, will also focus on the growing demand for pocket containers with less than 30 ml capacity.
The latest offering by Future Market Insights delivers an exclusive forecast study on how the global market for pocket containers will grow in the near future, with the period of assessment being 2017-2026. The report is a valuable tool for pocket container manufacturers across the globe as the insights shared in this study can help them make informed decisions in terms of investing in new production techniques, procuring raw materials cost-effectively and foraying beyond domestic marketplaces.
A comprehensive data analysis that offers a multitude of valuable information
Collaborative research methodology has been employed to procure data from multiple sources. The procured data has been analyzed through a multidisciplinary process that traces the evolution of pocket containers, links the consumer requirements to its demand and offers presumptive scenarios on how this demand will evolve in the near future. Trade research and statistical forecasting supply objective information that caters to the manufacturing concerns. Supply chain of the global pocket container market has been broken down and analyzed to identify the challenges. Consumer-side analysis of the global pocket container market has revealed the impact of macro-, micro- and socio-economic factors on the manufacturing and sales of pocket containers.
The expansion of global pocket container market has been forecasted across multiple geographies. How consumers in developed economies showcase buying trends distinct to those in developing economies has been illustrated in these sections. The report provides estimates on the lucrativeness of a region, which has been extrapolated by identifying their value in terms of manufacturing, sales, outsourcing and product development. Regions that showcase high profits for pocket container manufacturers have been revealed. Likewise, nascent marketplaces for pocket containers have also been identified. A multicultural regional analysis of the global pocket container market has been provided in the report.
Market Taxonomy
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Comprehensive segmentation extends the details on market understanding
The above table illustrates the taxonomy upon which the global pocket container market has been segmented. Providing segmental analysis & forecast on the global pocket container market is a key objective of this study. Market players can assess this information in the form of market size estimations quantified across each segments, sub-segments and cross-segments. Absolute dollar opportunities, CAGR and Y-o-Y growth rates are some of the metric used for interpreting the segmental market size estimations.
Key players in the global pocket container market have been profiled to track the competition. Details on competitor analysis offer great value to pocket container manufacturers aiming to outperform their immediate rivals. From industry leaders and established market players to emerging companies, the overall manufacturing landscape for pocket containers has been covered. The scope of the report is to enable manufacturers with unbiased and first-hand information on key strategies that can help them improve their business in the future. The report serves as a credible business document that can help pocket container manufacturers in planning their next steps towards future market direction.