Pharmaceutical Plastic Bottles Market Surges: Projected with a 10.5% CAGR by 2033 | FMI

The market share value of pharmaceutical plastic bottles is projected to experience a substantial increase, escalating from US$ 35.8 billion in 2023 to surpass US$ 97.1 billion by 2033. This robust growth is anticipated to be fueled by a notable compound annual growth rate (CAGR) of 10.5% between 2023 and 2033. Throughout the forecast period, the demand for pharmaceutical packaging is expected to be a primary market driver, responding to the increasing need for the storage and efficient delivery of medicines.

The pharmaceutical industry extensively relies on pharmaceutical plastic bottles for packaging both solid and liquid formulations, and the years ahead are poised to see a substantial uptick in demand, driven by the global expansion of healthcare infrastructure.

Experiencing a noteworthy surge in demand, the United Kingdom anticipates an impressive Compound Annual Growth Rate (CAGR) of around 8.2% for pharmaceutical plastic bottles over the forecast period. This robust growth is rooted in the UK’s well-established and advanced healthcare system, reflective of sustained government initiatives to fortify the healthcare sector.

The evolution of the pharmaceutical plastic bottles market in the UK is driven by various factors, including an increasing number of manufacturers, the rapid expansion of the pharmaceutical industry, and heightened consumer awareness about healthcare. Consequently, there is a growing need for top-notch and dependable packaging solutions, with pharmaceutical plastic bottles emerging as a preferred choice.

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Moreover, the UK is poised to secure the position of the second-largest market contributor in Europe, trailing only behind Russia, and is projected to capture over 15.1% of the European market share by 2033. This forecast emphasizes the nation’s pivotal role in shaping the pharmaceutical packaging landscape within the European region.

In the pharmaceutical industry, plastic packaging is in high demand because of its unmatched capabilities. Moreover, additional features led to increased adoption in pharma, including moisture resistance, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, and heat and flame resistance.

Pharmaceutical manufacturers are increasingly replacing glass bottles with pharmaceutical plastic bottles. Since they offer the same benefits and do not break as easily as glass bottles. In addition to being more economical than glass bottles, Pharma plastic bottles are also easier to procure. This makes shipping and transit of pharmaceutical plastic bottles hassle-free, thus propelling the market trend. Pharmaceutical plastic bottles are also light and less bulky.

In the pharmaceutical and healthcare industries, plastic bottles have become increasingly popular due to the convenience they offer in the delivery of liquid medicines and their ease of use. Moreover, pharmaceutical plastic bottles are lighter and less prone to breaking than metal bottles.

Key Takeaways from the Pharmaceutical Plastic Bottles Market

• According to bottle type, plastic bottles for ophthalmic/nasal formulations have contributed the most to growth. The segment will account for 42.7% of sales in 2023.
• A valuation of US$ 9.2 Billion is expected in 2023 for the polyethylene terephthalate (PET) segment anticipated to increase at a CAGR of 4%.
• The demand for pharmaceutical plastic bottles in the U.K. is expected to rise at nearly 2% CAGR.
• The market in China is estimated to grow at a CAGR of 4%during the forecast period. 

“Due to increasing sustainability concerns and a reduction in the pharmaceutical industry’s environmental impact, the market for pharmaceutical plastic bottles is growing. Advancements in technology and the use of plastic bottles for solid and liquid oral medicines have contributed to the growth of the pharmaceutical plastic bottle industry.“ says an FMI analyst.

Competition Landscape in the Pharmaceutical Plastic Bottles Market 

The pharmaceutical plastic bottle market is fragmented with the presence of many players like Amcor Limited, Aptar Pharma, Berry Plastics Group, Inc., Graham Packaging Company, Alpha Packaging, and Alpack Plastic Packaging. For dominating the market, the players use organic and inorganic strategies, including mergers & acquisitions, partnerships, product launches, and collaborations.

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The Major Key Players Are:

• Gerresheimer AG,
• AptarGroup, Inc.,
• O. Berk Company, LLC,
• Alpha Packaging Holdings, Inc.,
• Comar, LLC,
• Bormioli Pharma S.p.a.,
• C.L.Smith Company,
• United States Plastic Corporation,
• Weener Plastics Group BV

are some of the key players in the pharmaceutical plastic bottles market.

Recent Developments in the Pharmaceutical Plastic Bottles Market

• It was announced in December 2021 that the Comar Group had acquired Omega Packaging, an injection molding, and blow molding company. Comar’s strategy to provide healthcare customers with end-to-end custom manufacturing solutions and a broad product range is enhanced with Omega Packaging’s child-resistant (CR) closures and precision mold-building capabilities.
• In September 2021, Pretium Packaging, a portfolio company of Clearlake Capital Group, acquired Alpha Packaging from Irving Place Capital for an undisclosed sum. By combining Alpha Packaging and Pretium Packaging, the combined company will be able to provide advanced packaging services to both existing and prospective customers alike.
• It was announced in March 2021 that Gerresheimer AG, a leading manufacturer of pharmaceutical plastic bottles, was building and developing a new manufacturing facility in Ohio, USA. Plastic bottles for solid, liquid, and ophthalmic/nasal formulations will also be produced at this facility.
• In January 2021, ALPLA Werke Alwin Lehner GmbH & Co KG announced it would invest more than five million dollars in an extrusion system to manufacture recycled PET in Italy.
• It was announced in July 2019 that Berry Global had completed its acquisition of RPC Group. This created one of the largest plastic packaging companies in the world with over 290 locations worldwide.

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