Plastic medicine bottles are rigid packaging solutions that are specifically used for packaging liquid as well as solid pharmaceutical drugs. The usage of plastic materials to manufacture plastic medicine bottles is the key means of ensuring that the packaging solution is suitable for its intended use. Plastic medicine bottles are used to pack medical products in such a way, to protect them from contamination and maintain their efficacy. The foremost type of packaging in the Plastic Medicine Bottles Market are liquid bottles, dropper bottles. Among all these, packer bottles are witnessing significant demand across the globe. Moreover, the demand for reliable, safe and protective packaging solutions for storing medicine favour the growth of the market. The rapidly growing pharmaceutical industry coupled with a rise in the number of manufacturers, and high consumer attention towards healthcare is increasing the growth of the plastic medicine bottles market. Furthermore, the global plastic medicine bottles market is estimated to register significant growth, owing to the extensive growth of the healthcare spending.
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Plastic Medicine Bottles Market: Dynamics
The global plastic medicine bottles market is anticipated to register significant growth, owing to the increasing demand for contamination free packaging coupled with the growing pharmaceutical industry, particularly in developing countries. In addition to this, the innovation of new packaging technologies is one of the factors which is driving the growth of the plastic medicine bottles market. Plastic medicine bottles are lightweight which result in achieving 20-25% cost savings for packaging medicine, therefore these factors are estimated to favour upward growth of the target market.
Another astonishing factor of plastic medicine bottles is the development of plastic medicine bottles with better barrier properties and aesthetics which are being increasingly preferred by the manufacturers as well as consumers. Moreover, value-added closures with child resistance, tamper-evident features of plastic medicine bottles are likely to gain prominence in the near future and will generate significant demand.
The COVID-19 pandemic has disrupted several industries, resulting in the distraught production process and shortage of labours. Though, one industry which was remained unaffected during the pandemic was the pharmaceutical industry owing to the huge supply of essential goods and drugs which has favoured fuelling demand for plastic medicine bottles, which is expected to drive the growth of the target market.
Nevertheless, increasing concerns regarding the usage of single-use plastic, owing to its adverse impact on the environment is lowering the usage of plastic medicine bottles which can limit the growth of the target market.
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Plastic Medicine Bottles Market: Key Players
Some of the leading manufacturers of plastic medicine bottles operating in the market are-
Global Players:
Gerresheimer AG, RAEPAK
Ltd, Röchling SE & Co. KG, Berry Global Inc. C.L. Smith, O.BERK®, ALPHA PACKAGING, Alpack, Inc., Pro-Pac Packaging Limited, Drug Plastics Group, Weener Plastics Group BV and others.
Plastic Medicine Bottles Market: Regional Outlook
Several big key players are dominating the market globally owing to developing innovative packaging solutions in the pharmaceutical sector which are augmenting the growth of the target market. The North America and Europe region is estimated to generate substantial demand for plastic medicine bottles for the coming decade because of rapidly increasing individual spending on personal and healthcare of consumers and favourable state policies has bolstered the growth of the plastic medicine bottles market. The Asia Pacific region is expected to drive growth due to rising demand for medication and increased pharmaceutical drugs manufacturing activities. Furthermore, in terms of market share and growth, Latin America is projected to register growth and follow the footprints of North America during the coming years.
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