Global Pharmaceutical Plastic Bottles Market Worth USD 12.3 billion by 2031 | CAGR of 4.21%

Introduction

Pharmaceutical plastic bottles are rigid packaging options for liquid and solid pharmaceutical products. It is essential to use appropriate materials when making pharmaceutical plastic bottles so that the packaging is best suited for the intended use. The material properties of pharmaceutical packaging must match the drug's needs.

Market Dynamics

Increase Healthcare and Pharmaceutical Spending Drives Global Market

Developing new medications is a transitional process for the pharmaceutical industry, which is essential to the nation's strategy. The Healthy China 2030 project emphasizes this change. As a result, it is anticipated that the growth of the pharmaceutical industry will create new opportunities and have a favorable effect on the plastic bottle packaging market. It enables the introduction of cutting-edge packaging solutions to the market, which promotes growth, nanotechnology, and the study of minimal materials. It also significantly impacts pharmaceutical packaging. The pharmaceutical plastic bottle packaging market is growing due to improved plastics' barrier properties and enhanced nanotechnology functionality. Thus, developments in nanotechnology contribute to the market's expansion and growth.

Fast-Developing Pharmaceutical and Biopharmaceutical Industries Creates Tremendous Opportunities

Manufacturing pharmaceuticals and biopharmaceuticals are becoming more flexible; multi-drug protocols, self-medication, patient and product engagement, safety and compliance, and serialization are all necessary. Manufacturers of pharmaceutical plastic bottles have expanded to meet the demands for cold storage and distribution. These businesses have all impacted the complexity of drug products, supply chain protocols, and requirements. Test kits, medications, and pharmaceutical bottles are in high demand due to COVID-19. Many businesses require partners to label, store, pack, and distribute goods internationally. Pharmaceutical-grade plastic bottles will become more popular as e-commerce expands because they are less fragile and difficult to ship than glass bottles. Pharmacy e-commerce is fueled by regulatory adjustments, consumer expectations, and pressure to reduce drug prices.

Regional Analysis

The region with the highest revenue contribution, Asia-Pacific, is anticipated to expand at a CAGR of 5.45% during the forecast period. The demand for plastic bottle packaging in the area is rising significantly due to plastic's unrivaled ability to form flexible and rigid containers. Additional features that have seen greater adoption in the pharmaceutical industry include barriers against moisture, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, resistance to heat and flame, and extensions of expiration dates. Pharmaceutical packaging had to be mass-produced due to the pandemic's dramatic increase in demand for pharmaceutical products. In response to the current situation, which impacted consumers, numerous pharmaceutical producers altered their production schedules to increase the production of related products. In the Chinese city of Changzhou, a new facility for producing plastic pharmaceutical packaging has just been established to meet the anticipated high demand for Gerresheimer's primary packaging in China.

North America is anticipated to grow at a CAGR of 3.42% over the forecast period. The market for plastic bottles in the United States is expected to grow steadily due to the increasing consumption and industrial use of plastic containers and bottles. According to the Plastics Industry Association (PLASTICS), the US market for plastic bottles is still expanding. Plastic projects are anticipated to increase in various goods and industries, including the beverage, food, water, pharmaceutical, and household sectors. Different types of sealed plastic bottles protect medicines kept in bottles. The containers are used for packaging oral ethical drugs in bulk and prescription doses and for extensive packaging of over-the-counter oral medication in solid doses. Strict regulations, rising end-user industry demand, and shifting demographics that favor cost-effective solutions are all contributing to the market's expansion.

Key Highlights

• The global pharmaceutical plastic bottles market size was valued at USD 8.49 billion in 2022. It is expected to reach USD 12.3 billion by 2031, growing at a CAGR of 4.21% during the forecast period (2023–2031).

• Based on raw material, the global pharmaceutical plastic bottles market is bifurcated into polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), and high-density polyethylene (HDPE). The polyethylene terephthalate (PET) segment is the highest contributor to the market and is expected to grow at a CAGR of 4.06% during the forecast period.

• Based on type, the global pharmaceutical plastic bottle market is bifurcated into solid containers, dropper bottles, nasal spray bottles, and oral care bottles. The liquid bottles segment is the highest contributor to the market and is expected to grow at a CAGR of 3.63% during the forecast period.
• Asia-Pacific is the most significant revenue contributor and is expected to grow at a CAGR of 5.45% during the forecast period.

Competitive Players

Competitive Players

1. Amcor Limited
2. Gerresheimer AG
3. Berry Group Inc.
4. Aptar Pharma
5. O.Berk Company LLC
6. Alpha Packaging
7. Pro-Pac Packaging Ltd
8. COMAR, LLC
9. Gil Plastic Products Ltd
10. Drug Plastics Group
11. Frapak Packaging

Recent Developments

Market News 

• In October 2022, Amcor Rigid Packaging (ARP) created a ground-breaking two-step light weighting technology that eliminates more than 50% of the material and weight in the finish of the bottle, making significant progress in the field of packaging weight reduction.

• In July 2022, Gerresheimer signed another significant step toward realizing its financing strategy by agreeing to a revolving credit facility for EUR 150 million. This refinancing is a component of Gerresheimer's overall financial strategy to support the organization's successful transition into a solution provider and system integrator with long-term, profitable growth.

Segmentation

Global Pharmaceutical Plastic Bottles Market: Segmentation

By Raw Material

• Polyethylene Terephthalate (PET)

• Poly Propylene (PP)

• Low-Density Polyethylene (LDPE)

• High-Density Polyethylene (HDPE)

By Type

• Solid Containers

• Dropper Bottles

• Nasal Spray Bottles

• Liquid Bottles

• Oral Care

By Regions

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa