Pharmaceutical Jars Market: Overview
Pharmaceutical plastic Jars are rigid packaging methods that are commonly used for both solid and liquid pharmaceutical packaging. Pharmaceutical jars are made up of drug adaptable material that is plastic & glass, to give protection, identification and ensure the quality of the product till it reaches to the end users. Like with pharmaceutical packaging, the material properties must be matched to the packaged drug's performance criteria. Rising health awareness, environmental issues and the adoption of new regulatory standards of packaging fuelling the growth of pharmaceutical jars market during the forecast period.
Pharmaceutical Jars Market: Dynamics
Global pharmaceutical market is expected to witness growth due to increase in prevalence of chronic diseases, with the increase in healthcare expenditure and introduction of new drugs in the market boosts the growth of pharmaceutical jars market. In the past years many drugs lost their patent, this will encourage the cheaper and similar variety of drugs to reach the market and increase their sales. The growth in the drugs sales in the market lead to the increase in the sale of pharmaceutical jars, especially in the countries such as Latin America and Asia Pacific which provides low cost manufacturing. Increase in the sales of prescription drugs requires an aseptic packaging solution which will act as a push for the pharmaceutical jars market during the forecast period.
One of the major constraint to the growth of pharmaceutical jars market is the refurbished equipment’s used for the manufacturing of pharmaceutical jars. These equipment’s are available in the market with 40% to 45% low cost than the new equipment’s and this reduce the capital investment for the new production line. Many small scale manufacturers have these machineries for packaging. This especially evident the low cost manufacturing in the region of Asia Pacific, where regulatory guidelines are lenient, due to this the global pharmaceutical jars manufacturers experiencing high influx with refurbished packaging equipment.
COVID-19 impact on Pharmaceutical Jars Market
Coronavirus pandemic targets to rewrite the spirit of global civilization, and with it customer views and behaviours nowadays and for the near future. However, the immediate consequence on the fears of customers about viral contagion and the hanging demands about the capability of the virus to live on exteriors will drive a much long-lasting market for new pharmaceutical jars and products that efficiently exhibit antiviral and antibacterial properties by pharmaceutical jars as well.
Pharmaceutical Jars Market: Segmentation
Globally, the pharmaceutical jars market is divided on the basis of material type, product type, and capacity.
Based on Material type, the global Pharmaceutical Jars market is segmented into:
- Polyvinyl chloride (PVC)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
Based on Product Type, the global Pharmaceutical Jars market is segmented into:
- Packer Jars
- Dropper Jars
- Liquid Jars
- Boston Round Jars
- Bullet Jars
Based on Capacity, the global Pharmaceutical Jars market is segmented into:
- Below 30 ml
- 31 - 100 ml
- 101 - 200 ml
- 200 ml & Above
Pharmaceutical Jars Market: Regional Outlook
Asia Pacific accounts prominent market growth in the pharmaceutical jars market and expected to be the largest contributor in this sector. Rising demand of the packed food, junk food and beverage products creates a positive impact on the pharmaceutical jars industry growth due to increase in purchasing power and changing lifestyle of customer’s. Manufacturers from the developed economies are shifting their production facilities to tap the growing market of pharmaceutical jars. India is expected to be the key player with the increase in demand of food and beverage sector during the forecast period. As the demand for the natural product without any additives like juices, flavoured milk and liquor is kept on increasing this will create a positive impact on the pharmaceutical jars market.
Pharmaceutical Jars Market: Key Players
- Gerresheimer AG
- Amcor Plc
- Berry Global Group, Inc
- AptarGroup, Inc.
- ALPLA Werke Alwin Lehner GmbH & Co KG
- Alpha Packaging, Inc.
- RPC M&H Plastics Ltd.
- Graham Packaging Company Inc.
- Resilux NV, Drug Plastics & Glass Co., Inc.
- Pretium Packaging, LLC
- Silgan Holdings Inc., O. Berk Company, LLC
- Bormioli Pharma S.p.a.
- C.L. Smith Company
- PACCOR International GmbH
- Pro-Pac Packaging Group Pty Ltd,
- Comar LLC
- Weener Plastics Group BV.
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