The global pharmaceutical container market is all set to grow at a CAGR of 7.2% from US$ 90 Billion in 2022 to US$ to US$ 180.38 Billion in 2032. The pharmaceutical containers are an important component of the medical industry. Since the time the covid-19 pandemic struck the world, the demand for pharmaceutical container has grown even more, especially for storing vaccines.
Pharmaceutical bottles are packaging systems specifically designed to meet the packaging requirements for pharmaceutical substances such as tablets, capsules, solutions & suspensions, sterile injectable and others, whereas vials are small containers that are mainly used to certify that patients take their dosage of drug in a precise quantity with timely manner. Plastic Bottles and vials play vital role in growth of pharmaceutical container market globally
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Who are Some of the Key Players in the Pharmaceutical Containers Market?
Some of the key players in the pharmaceutical containers market are
- Amcor plc;
- Becton Dickinson and Company;
- AptarGroup, Inc.;
- Drug Plastics Group;
- Gerresheimer AG;
- Schott AG;
- Owens Illinois, Inc.;
- West Pharmaceutical Services, Inc.;
- Berry Global, Inc.;
- WestRock Company;
- SGD Pharma;
- International Paper;
Comar, LLC; CCL Industries, Inc.; Vetter Pharma International.
What are the Key Market Drivers influencing the Sales of Pharmaceutical Container Market?
The biggest advantage of using pharmaceutical containers is that, we can add preservatives in the type of container we want to, as a result of which the shelf life of the syrup/tablet increases. Moreover, the transportation of the medicine also becomes easier, as a result of which, patients across the globe can be treated. These factors have increased the demand for pharmaceutical containers across the world.
Thanks to the initiatives and proactive steps taken by the government bodies and other NGOs, that more and more people have started taking their health seriously, and would conduct periodic health check-ups. This has ultimately increased the sales of pharmaceutical containers.
The pharmaceutical companies also give us the liberty of customisation. The drug company can select the shape of size of the container suitable for its medicine, and can accordingly place the order for the required containers. The option of customisation has increased the demand for pharmaceutical containers.
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Ease of storage, accurate dosing, and ease of disposal is driving the demand for pharmaceutical container market
Plastic bottle accounts for the significant share of the pharmaceutical container market due to the low cost, durability, and versatility. Plastic bottles are cheaper to produce, easier to replace, and convenient to transport to long distances, hence driving the demand of pharmaceutical container market.
Whereas vials ensure precise dosages which helps patients prefer self-administration of the medicine and are without any formal medical training. Owing to its manufacturing and formulation design, ampoules and vials can be stored easily due to its crack resistant covering/shield in which it is stored and transported.
Therefore escalating the need of pharmaceutical containers market. Technological advancement in the pharmaceutical industry will impact positively in the growth of pharmaceutical containers market.
Key Segments Profiled in the Pharmaceutical Containers Market Survey
By Product:
- Bottles
- Standard
- Dispensing
- Jars
- Vials
- Cans
- IV Containers
- Semi Rigid IV Containers
- Premixed IV Mini bags
- Ampoules
- Others
By Material:
- Plastic
- PE
- LDPE
- HDPE
- Polystyrene
- Polycarbonate
- Polypropylene
- PVC
- PET
- Glass
- Type-1
- Type-2
- Type-3
- Others
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Related Reports
Temperature Controlled Pharmaceutical Containers Market: The global temperature controlled pharmaceutical containers market is set to enjoy a valuation of US$ 4.9 Bn in 2022
Reefer Container for Pharmaceutical Market: The global reefer container for pharmaceutical market is projected to register at a moderate-paced CAGR of 12.5% over the forecast period
Glass Container Market: Glass containers are basically a form of glass packaging, highly preferred by customers owing to their ability to preserve the taste and flavor of the products inside
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