Jul 22, 2019   SOURCE: PR NewsWire

Global Pharmaceutical Plastic Bottles Markets to 2024 - Focus on Solid Containers, Dropper Bottles, Nasal Spray Bottles, Liquid Bottles, Oral Care

DUBLIN, July 22, 2019 /PRNewswire/ -- The "Pharmaceutical Plastic Bottles Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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The pharmaceutical plastic bottles market was valued at USD 7.34 billion in 2018 and is projected to reach USD 9.31 billion by 2024, at a CAGR of 4.11%, during the forecast period of 2019 - 2024.

The growing demand for the packaging industry in pharmaceutical for the storage and delivering of medicines will drive the market in the forecast period.

    --  Plastic remains one of the most used packing materials than its
        counterparts like paper, glass, and metal. The low cost of packaging is
        driving its use in the pharmaceutical industry. With environmental
        concerns growing in more and more countries, significant players have
        increased their investments in research and development to tackle
        environmental concerns and make plastic bottles safer pharmaceutical
        use.
    --  Moreover, recycling is augmenting the growth of plastic bottles in the
        pharmaceutical industry. Plastic bottles have always been the preferred
        mode of packaging tablets and capsules. They are also used for packaging
        liquid dosages, like syrups, nasal, and ophthalmic medications. The
        advantage of a plastic bottle is that pharmaceutical manufacturers can
        place more tablets in bottles more efficiently and cost-effectively.
    --  Amcor Limited came up with a special bottle for the patients'
        convenience that provides extra information about the medicine and its
        applications, helps patients set up a smartphone reminder to take their
        dosages, allow patients to scan each dose so compliance can be
        monitored, help healthcare providers prepare follow-on prescriptions
        after checking dosages.
    --  The manufacturers and subsequent handling within the supply chain of
        pharmaceutical products need special conditions in terms of both
        packaging and handling. This is due to the sensitive nature of drugs
        which, when exposed to the atmosphere, lose their therapeutic
        properties.
    --  This makes it imperative for pharmaceutical manufacturers to follow
        stringent requirements to protect consumer safety and environmental
        regulations. Which also could be challenging for the pharmaceutical
        plastic bottles market.

Scope of the Report

As plastic bottles are light-weight and easier to handle, the adoption of these bottles is growing. Manufacturers are preferring the use of plastic bottles, due to lower costs of production and a variety of innovations that can happen. Since they will be used in the pharmaceutical industry, they are made in complete awareness about environmental issues and hazardous effects. Therefore, manufacturers strictly follow government stringent rules and regulations across the world.

Key Market Trends

LDPE, HDPE, and Polypropylene are the Most Used Materials

    --  LDPE is a thermoplastic made from monomer ethylene, which is not
        reactive at room temperature. It has no branching, and can also
        withstand temperatures of 80 C, continuously. It is made either in
        translucent or opaque.
    --  HPDE is a polyethylene thermoplastic made from petroleum. It is largely
        known for its strength-to-density ratio and has a major application in
        plastic bottle production. It offers little branching capabilities,
        which gives it stronger intermolecular forces and greater tensile
        strength than LDPE. HPDE is harder, more opaque and can withstand higher
        temperatures of the order of 110 Celsius.
    --  Polypropylene is an addition polymer made from monomer propylene. The
        polymer is rugged and unusually resistant to many chemical solvents
        bases and acids.
    --  The increase in revenue of medicines will lead to the demand for LDPE
        and HDPE significantly. The ease of use and high demand for plastic
        bottles is expected to help the pharmaceutical plastic bottles market
        grow at a moderate rate, during the forecast period.

North America Account for Significant Market Share

    --  The pharmaceutical industry is one of the major contributors to the
        plastic bottles in the region. Consumers are becoming more
        health-conscious, there are more health check-ups and the demand for
        plastic bottles will rise in the forecast period.
    --  Medicines stored in bottles are being protected through various kinds of
        airtight plastic bottles. The bottles are being used in bulk and
        prescription dose packaging of oral ethical drugs and the packaging of
        solid dose oral over-the-counter medicines in large quantities.
    --  Moreover, strict regulations, increasing demand in the end-user
        industry, and the growing demographics favoring cost-effective solutions
        are some of the factors augmenting the growth of the market.
    --  The number of companies in North America is looking to expand into
        emerging markets, with no sophisticated cold storage chains and
        producing packages that can provide longer shelf life is growing. Under
        these circumstances, the demand for plastic packaging products, such as
        bottles and containers, has increased tremendously in the last decade
        and has been a major driver for the global pharmaceutical plastic
        bottles market in the region.

Competitive Landscape

Amcor Limited. Berry Plastics Group, Inc., Aptar Pharma, Gerresheimer AG, Graham Packaging Company, Alpha Packaging, and Alpack Plastic Packaging, among others. The market is neither fragmented nor concentrated since there is no major competition in the market. Therefore, the market concentration will be moderate.

November 2018 - Comor acquired Shore Plastic Technologies. Shore Plastic Technologies develops products in the medical, diagnostic, pharmaceutical, and CPG industries. The acquisition is the latest in a series of recent investments by Comor to enhance the company's design and engineering capabilities to better serve customers in the medical device, diagnostic pharmaceutical, and CPG market segments.

May 2018 - Gerresheimer, expanded its presence on the South American market. The new Gerresheimer Anpolis plant commenced production in the Brazilian state of Gois in order to secure and support the continued strong growth.

Key Topics Covered:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Demand from the Packaging Industry
4.3.2 Growing Pressure on Pharma Companies to Cut Costs
4.4 Market Restraints
4.4.1 Increasing Raw Material Costs
4.4.2 Environmental Concerns over Usage of Plastic
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By Raw Material
5.1.1 Polyethylene Terephthalate (PET)
5.1.2 Poly Propylene (PP)
5.1.3 Low Density Poly Ethylene (LDPE)
5.1.4 High Density Poly Ethylene (HDPE)
5.2 By Type
5.2.1 Solid Containers
5.2.2 Dropper Bottles
5.2.3 Nasal Spray Bottles
5.2.4 Liquid Bottles
5.2.5 Oral Care
5.2.6 Other Types
5.3 Geography

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor Limited
6.1.2 Berry Plastics Group, Inc.
6.1.3 Gerresheimer AG
6.1.4 Aptar Pharma
6.1.5 O.Berk Company, LLC
6.1.6 Alpha Packaging
6.1.7 Graham Packaging Company
6.1.8 COMAR, LLC
6.1.9 Alpack Plastic Packaging
6.1.10 Drug Plastics Group
6.1.11 Plastipak Holdings, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/o52udv

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