Pharmaceutical Plastic Bottles Market Worldwide Industry Analysis and New Market Opportunities Explored 2016 - 2024

 

U.S. Pharmaceutical Plastic Bottles Market: Snapshot

The U.S. pharmaceutical plastic bottles market derives much of its growth by addressing the growing sustainability concerns by increasing the recycling rate of plastics and lowering the environmental impact in the pharmaceutical industry. The advancements in the technology has emerged as the key growth driver of this market. Apart from this, the rising application of plastic bottles in solid and liquid oral medications is also adding to the market’s growth significantly.

In addition to this, the growing popularity of plastic bottle, owing to the convenience, safety, and security they offer, is likely to fuel the demand for pharmaceutical plastic bottles in the U.S., leading to a phenomenal rise in this market over the next few years. However, the eco-friendly substitutes for PE and PET, such as glass, metal, and sugarcane, which is also a renewable material, may limit this demand to some extent and hamper the growth of the U.S. pharmaceutical plastics bottles market in the years to come.

The U.S. market for pharmaceutical plastics bottles presented an opportunity worth US$6.74 bn in 2016. Analysts expect it to progress at a CAGR of 4.10% between 2016 and 2024 and reach a value of US$9.28 bn by the end of 2024.

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Demand for Packer Bottles to Remain High in U.S. Pharmaceutical Plastics Bottles Market

Packer bottles, liquid bottles, dropper bottles, and various other types of bottles, such as Boston round bottle and bullet are the key products available in the U.S. pharmaceutical plastic bottles market. The packer bottles segment is leading the overall market with a share of nearly 50% and is expected to retain its dominance over the next few years due to the rising demand for customized pharmaceutical plastic packer bottles. Liquid bottles, however, is likely to witness a huge leap in demand in the near future, thanks to the retention of drugs content.

E-liquid, liquid, oral care, droppers, and topical medication are the prime application areas of pharmaceutical plastic bottles in the U.S. These bottles are likely to find a higher usage in oral care and topical medications than other application areas over the next few years.

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Pharmaceutical Companies to Continue to Lead Pharmaceutical Plastic Bottles Consumption in U.S.

Pharmaceutical companies, chemical companies, pharmaceutical packaging companies, healthcare centers, and compounding pharmacies are the main end users of pharmaceutical plastic bottles in the U.S. Among these, the demand from pharmaceutical companies is much higher than other end users. Analysts expect this scenario to remain so, thanks to the expansion of healthcare industry and the rising uptake of plastic material for packaging. The healthcare centers are also projected to experience an increase in the demand for pharmaceutical plastic bottles in the near future.

The U.S. market for pharmaceutical plastics bottles exhibits a highly fragmented and a competitive landscape. At the forefront of this market are Gerresheimer AG, AptarGroup Inc., Berry Plastics Group Inc., Amcor Ltd., Alpha Packaging, COMAR LLC, Drug Plastics, O. Berk Co. LLC, Pretium Packaging Corp., and Tim Plastics Inc.

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U.S. Pharmaceutical Plastic Bottles Market - Snapshot

A wide range of pharmaceutical products for medication dispensing utilize containers, closures, and PET bottles as the plastic packaging. Rise in use of plastics in eye droppers, nasal sprays, nebulisers, applicators, droppers, and ointment jars is one of the key drivers for demand for pharmaceutical plastic bottles world over. The U.S. pharmaceutical plastic bottles market is making remarkable strides on the back of rising sales of prescription medicines and a thriving prescription retail sector in North America. Proliferating use of pharmaceutical plastics bottles for ophthalmic application is a key driver for the expansion of the U.S. pharmaceutical plastic bottles market. The need for packaging that help maintain the integrity of pharmaceutical formulations has kept manufacturers look for innovative solutions. The U.S. pharmaceutical plastic bottles market has also seen lucrative avenues from widespread popularity of packer bottles. Rise in use of oral care and topical formulations, including off-label medicines, has spurred the prospective demand in the market. Expansion of oral care demand in parts of the U.S. has also spurred the sales of pharmaceutical plastic bottles. However, the growing popularity of renewable packaging materials in various end-use industries has constrained the revenue potential in recent years.

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