Pharmaceutical Plastic Bottles Market Analysis: Packer Bottles to Dominate the Market in Terms of Value During the Forecast Period
The global market for pharmaceutical plastic bottles is expected to be valued more than US$ 24.7 Bn by 2018. The pharmaceutical plastic bottles market is projected to expand at a CAGR of 5.7% during the forecast period, 2018-2027.
The pharmaceutical plastic bottles market is rigid packaging solutions specifically used for packaging of solid as well as liquid pharmaceutical products. The use of well-characterized materials to manufacture pharmaceutical plastic bottles is the primary means of ensuring that the packaging solution is suited for its intended use. As in pharmaceutical packaging, the characteristics of materials have to be matched to the performance requirement of the packaged drug. Plastics used for manufacturing pharmaceutical plastic bottles include polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyvinyl chloride (PVC), and polypropylene (PP).
The global pharmaceutical plastic bottles market has been segmented on the basis of bottle type, closure type, material type, and capacity. Various pharmaceutical plastic bottles are available to cater to multiple applications of the pharmaceutical packaging industry. Packer bottles hold the maximum market share in the global pharmaceutical plastic bottles market, which can be attributed to their usage in the packaging of solid as well as liquid drugs. Pharmaceutical plastic bottles can be designed for various capacities depending upon their application. Solid doses such as capsules and tablets require larger-sized pharmaceutical plastic bottles while injectable liquids use smaller pharmaceutical plastic bottles.
The emergence of Pharmaceutical Plastic Bottles as an Alternative to Glass Bottles
Conventionally, glass bottles have been used for packaging pharmaceuticals. Manufacturers are substituting glass bottles with pharmaceutical plastic bottles as the latter provides the same benefits as glass bottles and are not prone to breakage. Pharmaceutical plastic bottles are an economical alternative. Hence, they are easier to procure. Also, pharmaceutical plastic bottles are light in weight and less bulky. This makes shipping and transit of pharmaceutical plastic bottles hassle-free.
Attributes such as Convenience, Safety, and Security Resulting in Rising Demand for Pharmaceutical Plastic Bottles
The rise in the usage of plastic bottles in pharmaceutical and healthcare industries can be majorly attributed to the convenience they offer in the delivery of liquid medicines, ease of use, and safety. Moreover, pharmaceutical plastic bottles when compared to metals are light in weight and less vulnerable to breakage. Most sensitive drugs are packaged with PET (Polyethylene terephthalate) pharmaceutical plastic bottles, which offer high strength, impact resistance, and barrier resistance against oxygen as well as moisture.
"Plastics caps and closure are basically lid for mainly bottled container large or small mouthed or for the stacked pouches or dispensers, which can be simple of flap type or any other customized type. These caps and closures are used mostly in packing FMCG and pharma products and is widely used in the liquid packaging such as syrups, shampoos etc. These caps and closures are manufactured in house by the consuming companies or is outsourced which make these caps and closures custom made according to the buyers need.
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South Asian nations countries are the fastest growing region due to rising manufacturing base. India has been one of the largest pharmaceutical manufacturers and one of the leading exporters of generic drugs. China’s processed food market is also rising. South Asian nations are witnessing tremendous growth in consumption of FMCG products. All these is attributed huge population base and rising income.
The restraints for this market is the any prospective legislation on the uses of plastics due to its non-biodegradable nature and the same can be considered as opportunity. Opportunities are also there in acquisitions especially if any vendors want to have global footprint especially in South Asia.
The Plastic Caps & Closures Market is classified on the basis of Product Type: Screw-On Caps, Dispensing Caps and Others; By Container Type: Plastic, Glass; By Technology: Injection Molding, Compression Molding and Post-Mold Tamper-Evident Band; By Raw Material: HDPE (High Density Polyethylene), LDPE (Low Density Polyethylene), PP (Polypropylene) and Other; By End-Use Sector: Beverages, Food, Pharmaceuticals, Personal & Homecare, Others.
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The Plastic closure and caps market is also classified on the basis of geography viz, North America, Europe, Asia Pacific, Middle east and Africa and LATAM. The Asia pacific is the fastest growing region and is slated to become the largest market for these caps. Dispensing caps are growing in popularity especially for liquid material and especially the snapping tops as these are more user friendly and convenient to handle.
The market is highly disorganized and there are many regional specific players meeting the clients need. The technology by which it is manufactured is not very complex (Polymer extrusion) and thus has helped many micro and mini players has grown especially in South Asian countries. In these countries there are also a large number of small-scale manufacturers of foods and pharmaceuticals and which mainly rely on these vendors for their requirements.
Some of the key vendors in the Plastic Caps & Closures Market are: Berry Global, Inc., Aptar Group Inc., Evergreen Packaging Inc., Global Closure Systems, Silgan Holdings Inc., BERICAP GmBh & Co. KG, Coral Products, RPC Group, O Berk Company LLC.
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The greenhouse film market is estimated to reach USD 8.3 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research.
The report ‘Greenhouse Film Market Share, Size, Trends, & Industry Analysis Report, By Resin Type (Low Density Polyethylene, Linear Low-Density Polyethylene, Polyvinyl Chloride), By Width (4.5M, 5.5 M, 7M, 9M), By Thickness, By Application, By Regions: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
In 2018, the Low-Density Polyethylene segment accounted for the highest share in the global greenhouse film industry in terms of revenue.
Growing urbanization, need to enhance agricultural yield, rising investments by government organizations on agricultural schemes, and increasing focus on nutritious food products and indoor farming accelerate the market growth.
New emerging markets, technological advancements in farming methods, growing demand and area used for greenhouse protected cultivation would provide growth opportunities in the market in the coming years.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/greenhouse-film-market/request-for-sampleIn 2018, North America generated the highest market share in terms of revenue in the greenhouse film industry.
Asia-Pacific is expected to grow at the highest rate during the forecast period owing to significant growth of population, government schemes, and strong technical expertise in agricultural practices.
