Global Pharmaceutical Plastic Bottles Market Expected To Grow at a CAGR Of 4.9% during 2021–2028

The global pharmaceutical plastic bottles market was around USD 7,489 million in 2020 and is likely to reach USD 10,907 million at a CAGR of 4.9% during the forecast period 2021–2026.

The mounting demand for the packaging industry in the pharmaceutical segment for the storage and delivering medicines is expected to prompt the market in the forecasted period. The plastic is one of the most utilized packing materials compared to its counterparts such as glass, paper, and metal. The lower cost of packaging is propelling its use across the pharmaceutical industry. With environmental apprehensions rising in several countries, major players have surged their speculations in research and development to deal with environmental worries and make plastic bottles secure for pharmaceutical use.

Some of the key market players are Gerresheimer AG Berry Global, Inc., Schott AG, Amcor plc, West Pharmaceutical Services, Inc., AptarGroup, Inc., Nipro Corporation, Becton Dickinson and Company, Catalent, Inc., and WestRock Company.

The pharmaceutical packaging industry is expanding at a rapid rate in developing economies. Highly developed production processes, increased integration of companies, and technological innovations have caused the rapid growth of the industry. This augmentation of the pharmaceutical industry is boosting the pharmaceutical packaging market and the development is anticipated to be the highest in budding economies like India, Brazil, Russia, and China. The augmenting income levels and growing consciousness regarding the advantages of healthier lifestyles and good healthcare systems are supporting the augmentation of the market in these nations.

The global pharmaceutical plastic bottles market can be divided into raw material type, type, capcity, and closure type. Based on the material type, the market is sectored into polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyvinyl chloride (PVC), and polypropylene (PP). On the basis of bottle type, the market is sectored into Packer Bottles, Eye Dropper Bottles, Ear Dropper Bottles, Nose Dropper Bottles, Others. Capacity-wise, the market is classified into less than 10 ml, 10 – 30 ml, 31 – 50 ml, 51 – 100 ml, and 100 ml & above. On the basis of the closure type, the market is segmented into Screw Cap, Disc top caps, and others.

North America Is Estimated To Be The Biggest Market in 2020

Based on the geographical analysis, the global pharmaceutical plastic bottles market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is likely to be the biggest pharmaceutical packaging market in the forecasted period. This expansion is attributed chiefly to the novel drug developments, technological developments like nanomedicines and biologics across the region.

Browse the full “Global Pharmaceutical Plastic Bottles Market By Raw Material (Polyethylene Terephthalate (PET), Poly Propylene (PP), Low Density Poly Ethylene (LDPE), High Density Poly Ethylene (HDPE), Others), Capacity (Less Than 10 Ml, 10 – 30 Ml, 31 – 50 Ml, 51 – 100 Ml, 100 Ml & Above), Type (Packer Bottles, Eye Dropper Bottles, Ear Dropper Bottles, Nose Dropper Bottles, Others), Closure Type (Screw Cap, Disc Top Caps, Others). And Region– Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/pharmaceutical-plastic-bottles-market

Global Pharmaceutical Plastic Bottles Market: Segment Analysis

By Raw Material

• PET
• PP
• LDPE
• HDPE
• Others

By Capacity

• Less than 10 ml
• 10 – 30 ml
• 31 – 50 ml
• 51 – 100 ml
• 100 ml & Above

By Type

• Packer Bottles
• Eye Dropper Bottles
• Ear Dropper Bottles
• Nose Dropper Bottles
• Others

By Closure Type

• Screw Cap
• Disc top caps
• Others

Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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