Increasing Demand from Pharmaceutical Packaging Companies to Boost Growth
“The increasing application of pharmaceutical plastic bottles for the packaging of oral medications is generating tremendous revenue in the U.S. pharmaceutical plastic bottles,” says a TMR analyst. Apart from this, the increasing focus of pharmaceutical bottle manufacturers on using recycled plastic, in a bid to minimize the harm to environment caused by plastic, is also influencing the growth in the U.S. pharmaceutical plastic bottles market positively.
Plastic bottles are highly cost efficient and cater to a number of applications in the pharmaceutical packaging industry. The ease of designing these bottles in a variety of shapes and sizes, as per their application, has fuelled their demand among pharmaceutical packaging companies, which is projected to boost the U.S. pharmaceutical plastic bottles market in the long run, states the research report.
Availability of Eco-friendly Substitutes to Hinder Growth Trajectory
Though the future of the U.S. pharmaceutical plastic bottles market looks bright, there are a few factors that may cause hindrance in its growth trajectory over the forthcoming years. Among those factors, the most important one is the easy availability of eco-friendly and viable substitutes, such as metal bottles and paper packaging products, in the market. However, the increasing applications of pharmaceutical plastic bottles for the packaging of chemical products and their rising demand in compounding pharmacies and medical and healthcare centers are projected to offer lucrative growth opportunities for the U.S. pharmaceutical plastic bottles market over the next few years. The convenience, plastic bottles offer over glass bottles, is also projected add to their demand in the pharmaceutical industry, thereby supporting the growth of the U.S. pharmaceutical plastic bottles market in the near future, states the research report.
The review is based on a report by Transparency Market Research, titled “Pharmaceutical Plastic Bottles Market (Bottle Type - Packer Bottles, Dropper Bottles (Eye Droppers, Ear Dropper, and Nose Dropper), Liquid Bottle, others (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 into:
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