The pharmaceutical plastic bottles market is projected to grow in the coming years, driven by factors such as the increasing use of plastic bottles in the packaging of pharmaceutical products, the growing demand for packaging solutions that can preserve the quality and safety of drugs, and the increasing adoption of innovative packaging technologies. Additionally, the growing demand for lightweight and easy-to-use packaging solutions, along with the rising popularity of online pharmacies, is also expected to drive the growth of the market.
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The market is segmented based on product type, material, and end-use. Based on product type, the market is segmented into oral solid dose bottles, oral liquid bottles, injectable bottles, and others. Based on material, the market is segmented into polyethylene terephthalate (PET), polypropylene (PP), polyethylene (PE), and others. Based on end-use, the market is segmented into pharmaceutical manufacturers, pharmacies, hospitals and clinics, and others.
The polyethylene terephthalate (PET) segment is projected to dominate the market due to its excellent barrier properties, high transparency, and good impact resistance. The polyethylene (PE) segment is also expected to grow at a significant rate due to its good flexibility, low cost, and good chemical resistance.
North America is expected to dominate the market due to the presence of a large number of pharmaceutical companies and the increasing adoption of advanced packaging technologies in the region. Asia Pacific is expected to grow at a significant rate due to the increasing demand for pharmaceutical products in the region.
In conclusion, the increasing demand for pharmaceutical products and the growing adoption of advanced packaging technologies are expected to drive the growth of the pharmaceutical plastic bottles market in the forecast period.
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Pharmaceutical plastic bottles are widely used in healthcare industry for packaging solid and liquid formulations. Rising use of plastic bottles over glass bottles, will give tailwinds to sails in the healthcare sector. Against this backdrop, expansion of healthcare and pharmaceutical industries will continue creating conducive environment for the market’s growth.
According to the Centers for Disease Control and Prevention (CDC), in 2018, per capita national healthcare expenditure in the U.S. stood at US$ 11,172. With considerable rise of healthcare spending on card, the U.S. will emerge as a highly lucrative market for sales of pharmaceutical plastic bottles.
As per FMI, sales in the U.S. will account for 79.3% of overall sales registered in North America by 2031.
As per the India Brand Equity Foundation (IBEF), India healthcare market is anticipated to surpass valuation of US$ 372 billion by 2022. Government initiatives undertaken to provide good quality and affordable healthcare facilities across India will remain a chief growth driver. This will supplement expansion of pharmaceutical plastic bottles sales in India in coming years.
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