The U.S. pharmaceutical plastic bottles market features a highly fragmented vendor landscape with intense competition between the prominent market players, reports Transparency Market Research (TMR). Major companies in the market encompass Gerresheimer AG, Amcor Ltd., Berry Plastics groups Inc., and Berry Plastics groups Inc. Small-scale companies hold the highest share in the U.S. pharmaceutical plastic bottles market owing to competitive pricing. Key players are striving to gain substantial shares in the market through new product launches.
As per expert analysts, the U.S. pharmaceutical plastic bottles market is anticipated to reach a valuation of US$9.2 bn by the end of the forecast period, which is 2016 to 2024. To attain this value, the market is expected to rise at a CAGR of 4.10%, during this period.
The U.S. pharmaceutical plastic bottles market is segmented on the basis of bottle type as dropper bottles, liquid bottles, packer bottles, and others. The packer bottles segment leads the market holding approximately 50% of the overall market’s share. This is owing to high consumer demand for customized plastic bottles.
On the basis of applications, the U.S. pharmaceutical plastic bottles market is classified into topical medication, droppers, e-liquid, oral care, and liquid. Among these, topical medication and oral care segments are expected to generate high revenue for the market during the forecast period owing to a rise in use.
Rising Applications in Oral Medication to Boost Growth
The U.S. pharmaceutical plastic bottles market generates the highest revenue because of rising applications of pharmaceutical plastic bottles in oral medications. Moreover, pharmaceutical bottle manufacturers are focusing on recycling the plastics in order to address the growing environmental concerns. This has impacted the U.S. pharmaceutical plastic bottles market positively, thereby facilitating growth.
Furthermore, plastic bottles offer a phenomenal cost-efficiency and caters to numerous applications in the pharmaceutical packaging industry. Additionally, they can be designed in a variety of sizes depending on the applications they are used for. These factors have played a significant role in driving the U.S. pharmaceutical plastic bottles market’s growth.
Plastic bottles offer excellent convenience in the packaging and delivery of liquid medicines. This is why they can be used as an apt substitute for glass bottles. Moreover, they are superior to glass bottles as they are less prone to breakage and are light in weight. These factors have made these bottles extremely popular in the pharmaceutical industry, thus contributing to the expansion of the U.S. pharmaceutical plastic bottles market.
However, along with the drivers, there are few restraints that may cause a shortfall in the U.S. pharmaceutical plastic bottles market’s growth. Factors such as availability of eco-friendly substitutes such as metal and sugarcane may cause an impediment in the market. Nevertheless, rising applications of pharmaceutical plastic bottles in chemical companies, compounding pharmacies, and healthcare centers may present lucrative growth opportunities for the U.S. pharmaceutical plastic bottles market.
New Product Developments to Enhance Growth Prospects
U.S. SABIC Innovative Plastics, Inc. developed new pharmaceutical plastic bottles with three layers of plastic materials of different compositions. These multi-extruded pharmaceutical plastic bottles offered enhanced impact resistance and excellent sustainability. The outer layer of the bottle is made of nylon and the inner layer is made of polyetherimide materials. Development of this product has presented numerous growth opportunities for the U.S. pharmaceutical plastic bottles market. Additionally, U.S. Alcan Packaging, Inc. developed pharmaceutical plastic bottles with an electronic identification code also known as the RFID code. This aided in obtaining all the information about the product, thus fostering the growth of the U.S. pharmaceutical plastic bottles market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Pharmaceutical Plastic Bottles Market (Bottle Type - Packer Bottles, Dropper Bottles (Eye Droppers, Ear Dropper, and Nose Dropper), Liquid Bottle, Boston Round Bottle, and Bullet; Application - E-liquid, Liquid, Droppers, Oral Care, and Topical Medication; Material Type - High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Polyvinyl Chloride (PVC); Color Type - Clear/Transparent Bottles, Amber Bottles, and Milky White; Size/Capacity - Less than 10 ml, 10 - 30 ml, 31 - 50 ml, 51 - 100 ml, and 100 ml & Above; Closure Type - Screw Cap, Crown Cap, Friction Fit, Flat Top, Hole Caps, and Metal Caps; End User - Pharmaceutical Companies, Compounding Pharmacies, Chemical Companies, Healthcare Centers, and Pharmaceutical Packaging Companies) - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
The U.S. pharmaceutical plastic bottles market is segmented based on:
- Packer Bottles
- Dropper Bottles
- Eye Droppers
- Ear Droppers
- Nose Droppers
- Liquid Bottles
- Others (Boston Round Bottle, Bullet)
- Oral Care
- Topical medication
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl chloride (PVC)
- Clear/Transparent Bottles
- Amber Bottles
- Milky White
- Less than 10 ml
- 10 – 30 ml
- 31 – 50 ml
- 51 – 100 ml
- 100 ml & Above
- Screw Cap
- Crown Cap
- Friction Fit
- Others (Flat Top, Hole Caps, Metal Caps)
- Pharmaceutical Companies
- Compounding Pharmacies
- Chemical Companies
- Healthcare Centers
- Pharmaceutical Packaging Companies
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