Pharmaceutical Plastic Bottles Market: Global Opportunity Analysis and Industry Forecast, 2022-2029l

Pharmaceutical Plastic Bottles Market Outlook - 2027

Pharmaceutical plastic bottles are rigid packaging solutions that are used for packaging of liquid as well as solid pharmaceutical products. The use of appropriate materials to manufacture pharmaceutical plastic bottles is an important factor to ensure that the packaging material is best suited for the intended use. In case of pharmaceutical packaging, the material characteristics must match the performance requirement of the drug packaged inside. The different types of plastics used for the manufacturing of pharmaceutical plastic bottles are low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). 

COVID-19 Scenario analysis:

• COVID-19 crisis is likely to affect the pharmaceutical plastic bottles industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
• COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
• The requirement of ecommerce specific packaging is likely to remain strong, although the ecommerce companies would have to focus on protection of goods and sanitization of packages. 
• In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites. 
• Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020. 
• Owing to the lowered disposable income of maximum population and weak demand for packaging from industrial goods, the packaging industry might face significant pressure of reduction in both wholesale as well as retail costs. 
• Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis. 

Drivers, restraints, and opportunities

Growth in the pharmaceutical industry worldwide supported with growing demand for blister packaging is a major factor that is expected to drive the growth of the pharmaceutical plastic bottles market. Besides, emergence of new innovative packaging technologies is another key factor that can potentially fuel the growth of the pharmaceutical plastic bottles market. Moreover, features of pharmaceutical plastic bottles such as cost-effective and lightweight can boost the growth of the pharmaceutical plastic bottles market. However, rising environmental concerns regarding usage of plastics are the restraining factors that are hindering the market growth. On the contrary, business growth strategies by key market players such as new product developments, mergers, acquisitions, and others are anticipated to provide lucrative growth opportunities for the pharmaceutical plastic bottles market during the forecast period.

Trends in the pharmaceutical plastic bottles market

Business growth strategies by key market players

The key market players in the hybrid additive manufacturing machines market are adopting various growth strategies, like mergers, acquisitions, new product offerings, innovations, collaborations, and partnerships to prevail in the highly competitive market. To cite an instance, in November 2018, Comor, a U.S. based packaging company acquired Shore Plastic Technologies, a product manufacturer for pharmaceutical, medical, diagnostic, and CPG industries. The purpose of the acquisition was to enhance the company’s engineering capabilities and design to better serve customers. Such new business growth strategies by key market players are anticipated to create a significant positive impact on the growth of the pharmaceutical plastic bottles market in the upcoming years.

New product launches to flourish the market 

Manufacturers in the pharmaceutical plastic bottles market are constantly upgrading their products and coming up with advanced features to differentiate their products from others and sustain the heavy competition market. For instance, Gerresheimer AG, a German manufacturer of packaging products launched Biopack brand of pharmaceutical products. These products include pharmaceutical plastic bottles that are made from ethanol extracted from sugarcane and then converted to green polyethylene. These products offer properties of traditional polyethylene and polyethylene terephthalate. Gerresheimer’s Biopack can be used for the packaging of both solid and liquid pharmaceuticals. Such new advanced products introduced by key players can create a significant positive impact on the growth of the pharmaceutical plastic bottles market in the upcoming years.

Key benefits of the report:

• This study represents the analytical representation of the global pharmaceutical plastic bottles market combined with the ongoing trends and future predictions to determine investment opportunities.
• The present market is thoroughly analyzed from 2019 to 2027 to enlighten the pharmaceutical plastic bottles market growth.
• The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global pharmaceutical plastic bottles market.
• Segmentation details of the global pharmaceutical plastic bottles market.
• The report gives a comprehensive global pharmaceutical plastic bottles market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 

 Key Market Segments

 
Key Market Players

• Amcor plc.
• Berry Global Inc.
• Schott AG
• Gerresheimer AG
• West Pharmaceutical Services Inc.
• AptarGroup Inc.
• Nipro Corporatio
• Becton
• Dickinson
• WestRock Company
• Catalent Inc.