As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Pharmaceutical Plastic Pots market is expected to grow at a healthy CAGR during the forecast period (2017-2027). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of the Pharmaceutical Plastic Pots Market in the coming 10 years.
The report conducts an in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Pharmaceutical Plastic Pots
With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end-use industries.
In accordance with this, numerous packaging companies are shifting their focus of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, the introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Pharmaceutical Plastic Pots market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Pharmaceutical Plastic Pots Market Takeaways and Projections
- The U.S. is expected to lead the North America Pharmaceutical Plastic Pots market, projecting the fastest growth in the region between 2017 and 2027
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2027.
Report Benefits & Key Questions Answered
- Pharmaceutical Plastic Pots Historical Market Analysis: The detailed survey by FMI, examines key factors in the Pharmaceutical Plastic Pots market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Pharmaceutical Plastic Pots market for the forecast period 2017-2027.
- Pharmaceutical Plastic Pots Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Pharmaceutical Plastic Pots for the assessment period. As per the study, the demand for Pharmaceutical Plastic Pots will grow at a robust CAGR between 2017 and 2027.
- Pharmaceutical Plastic Pots Market Trend Analysis: The latest study by FMI on the Pharmaceutical Plastic Pots market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Pharmaceutical Plastic Pots market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Numerous countries across the globe are increasing their per capita healthcare expenditure, in addition to improving their quality standard. This presents the global pharmaceutical plastic pots market with lucrative opportunities. Due to all these factors, the global pharmaceutical plastic pots market is expected to have a largely positive outlook, over the forecast period.
Global pharmaceutical plastic pots market: Dynamics
The global pharmaceutical plastic pots market is expected to grow on the backdrop of pharmaceutical industry growth, which is currently moving at a sluggish pace. However, the forecast for pharmaceutical spending by country indicates a steady rise in investment by governments, coupled with improvement in quality standards and procedures followed.
Furthermore, rising consumer awareness regarding hygienic packaging and storage of drugs has led to increase in demand for packaging solutions such as pharmaceutical plastic pots. In terms of product innovation, some manufacturers produce lids of a particular size, which is able to fit most of the pharmaceutical plastic pots manufactured by them.
In addition to serving all the purposes mentioned above, pharmaceutical plastic pots also come in handy when it comes to being child resistant. There have been numerous reports of children mistaking drug tablets for candy, which has led to severe medical cases.
The tamper evident property of pharmaceutical plastic pots therefore instils a sense of security among parents. Despite the positive outlook for the forecast period, there are certain factors, which might hamper growth of the global pharmaceutical plastic pots market. For instance – rise in usage of alternative tamper evident drug packaging solutions such as blister packs and pharmaceutical bottles.
Global pharmaceutical plastic pots market: Regional Outlook
The global pharmaceutical plastic pots market is divided into seven regions as follows –
- North America
- Asia Pacific excluding Japan
- Western Europe
- Eastern Europe
- Latin America
- Middle East & Africa
- Japan
The North America region is expected to lead the global pharmaceutical plastic pots market due to higher standards of pharmaceutical packaging. The Asia Pacific region presents lucrative opportunities for growth of the global pharmaceutical plastic pots packaging market. Countries such as India and China are eyeing substantial investment in the pharmaceutical sector. This, coupled with increased sense of hygienic packaging, are some of the key factors expected to fuel growth of the pharmaceutical plastic pots market in the Asia Pacific region (excluding Japan).
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Global pharmaceutical plastic pots market: Key Players
Some of the key players operating in the global pharmaceutical plastic pots market are – Victoria Packaging Limited, M & H Plastics and APG Pharma, among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global pharmaceutical plastic pots market: Segmentation
On the basis of material, the global pharmaceutical plastic pots market is segmented into-
- PE
- PP
- PET
- Others
On the basis of capacity, the global pharmaceutical plastic pots market is segmented into –
- <500 ml
- 500 – 1,500 ml
- 1,500 – 2,500 ml
- 2,500 – 3,500 ml
- >3,500 ml
On the basis of closure, the global pharmaceutical plastic pots market is segmented into –
- Flip top cap
- Screw cap
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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