Prescription Bottles Market
Prescription Bottles Market By material(Glass, Plastic, Paper), application(Tablets, Capsules, Powders/Granules, Others (Semi-solid medications, etc.)) & Region - Forecast 2021 - 2031
Market Insights on Prescription Bottles covering sales outlook, demand forecast & up-to-date key trends
Prescription Bottles Market Overview
According to the Future Market Insights (FMI)’s latest market analysis on the global prescription bottles market for the forecast period of 2021-2031, the market is projected to be driven by continuous research & development activities in sustainable packaging, increasing shift in the ease & convenience while handling the tablets/pills and the focus on the reduction of the medication errors.
The overall prescription bottles market is forecasted to expand at a value compound annual growth rate (CAGR) of ~6.0% from 2021-2031 and reach millions of units by 2031.
Global Prescription Bottles Market: Market Outlook
Prescription bottles are containers, especially made up of plastic and glass, cylindrical in shape which is prescribed by doctors, physicians, and pharmacists. The prescription bottles are available in different shapes, square, rectangular, oval, and cylindrical or round.
The prescription bottles are usually coloured to provide maximum protection towards the medicines from the changing weather conditions like high exposure to sunlight, etc. The prescription bottles are usually red, dark green, green, aqua, and cobalt blue in colour.
The majority of the prescription bottles are usually amber to orange in colour as they provide maximum protection to the pills and have low production costs. The prescription bottles have detailed information of the medicine to be taken along with timings, frequency, etc.
What are the Key Trends Impacting Growth of the Prescription Bottles Market?
The prescription bottles are available in different colours and different shapes for the better handling of the medicines as compared to the medicine strip and the bottles are usually dark in colour to provide maximum protection against the photochemical reaction.
The prescription bottles with colour usually provide maximum protection to the tablets as compared to the transparent bottles. Also, the prescription bottles with attached lids and attached writable notepaper allows easy removal of the tablets from the bottle as compared to the non-lid attached pharmacy bottles.
The writable notepaper on the prescription bottle allows the patient to note the timings or frequency of taking the medicines which can be easily noticeable.
How is the Demand for Prescription Bottles Increasing as compared to Medicine Strips?
The prescription bottles have already attached information on the bottle in terms of the nature of the medicine, frequency of the medicine, time of the day for the intake of medicine, etc. by which a patient can easily refer while taking the medicine.
Also, there is no attached prescription note on the medicine or tablet strips as compared to the prescription bottles in which the patient has to refer to the prescription paper several times, and thereby it is less preferred as compared to the prescription bottles. The prescription bottles provide ease & convenience in the taking of the medicines are compared to the medicine strips.
What are the Key Challenges that may restrain the Growth of the Prescription Bottles Market?
The prescription bottles made of glass have high chances of breaking and require secondary packaging with the help of protective packaging for transportation and storage. The plastic prescription bottles are not resistant to long-distance transportation as the crushing rate is high which may cause medication or liquid leakage, microbial contamination of the medicine, etc.
The following global key players such as
- Amcor Plc
- Berry Plastics Group Inc.
- Gerresheimer AG
- Aptar Group Inc.
- Comar LLC
- Bormioli Pharma Spa
- Plastipak Holdings Inc.
- Origin Pharma Packaging
- C.L. Smith Company
- Clarke Container Inc.
- and Drug Plastics Group.
Key Asian players manufacturing prescription bottles are National Bottle House, Keepet Containers, Raja Tradelinks Private Ltd., Hindustan Products, Ningbo Suncity, Whea-Stone Co., Ltd., and Neutroplast.
What strategies are the Key Players adopting for Increasing their Market Share in the Prescription Bottles Market?
The manufacturers involved in the manufacturing of prescription bottles are involved in developing and launching the new technology in prescription bottles. The manufacturers are also focusing on the new, sustainable packaging formats to be used in the manufacturing of prescription bottles.
- In July 2021, Saatchi & Saatchi Wellness (SSW) after 12 months of research, developed and designed a “Prescription Paper Pill Bottle (PPPB)” which uses no plastic, no toxic dyes, and no artificial glue or coatings. The aim of manufacturing the PPPB is to reduce or eliminate the use of plastic packaging and to promote sustainable/eco-friendly packaging.
- In March 2020, SafeRx, a US-based prescription bottle manufacturer, launched locking pill bottles which provide more security to the prescription bottles as compared to the child-resistant prescription cap bottles. These bottles are available with the combination lock while the customers can set their own customized code for locking the bottle.
What are the Key Opportunities for Prescription Bottles Market?
The majority of the manufacturers have shifted their aim towards the sustainable manufacturing of the product. Therefore, the enhanced use of the paper while manufacturing the prescription bottles can be practiced by the manufacturers which can be easily decomposed with no risk of creating pollution of toxic waste as it eliminates the use of plastic and toxic chemicals and dyes during the manufacturing process for the paper prescription bottles.
Why is the U.S. a Big Market for Prescription Bottles Market?
The majority of the key players manufacturing prescription bottles have their presence in the U.S. which is a market driving factor for the U.S.
Also, the use of advanced technology in the growing healthcare & pharmaceutical industry while conducting research and development of the new products is also uplifting the market for prescription bottles in the U.S. Furthermore, the increasing research & development activities in the pharmaceutical companies are also expected to boost the market for the prescription bottles in the U.S.
How has the COVID-19 pandemic impacted the Prescription Bottles Market?
The COVID-19 pandemic has been a boon for the growth of the prescription bottles market. The outbreak of the virus led to an increase in numerous health issues by creating a severe demand for medicine production in the pharmaceutical industry. The increased demand for the pills/tablets boosted the production for the manufacturing of the prescription bottles on the higher side for the packaging of the pills/tablets/capsules.
Key Segments of Prescription Bottles Market Covered in the Report
Based on the Material:
Based on the Shape/design:
Based on the Capacity:
- Below 100 ml
- 100 ml to 250 ml
- Above 250 ml
Based on the Application:
- Others (Semi-solid medications, etc.)
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa