Latin America Pharmaceutical Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.9 Billion |
| Market Size (2029) | USD 1.11 Billion |
| CAGR (2024 - 2029) | 4.28 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Pharmaceutical Plastic Bottles Market Analysis
The Latin America Pharmaceutical Plastic Bottles Market size is estimated at USD 0.9 billion in 2024, and is expected to reach USD 1.11 billion by 2029, growing at a CAGR of 4.28% during the forecast period (2024-2029).
- The elderly population is rapidly expanding and is set to continue this trend. This growth is expected to increase the demand for pharmaceutical products and, consequently, the market for plastic bottles. Additionally, the rising incidence of chronic diseases, such as cancer and infections, coupled with the need for advanced, patient-friendly packaging, will further bolster the demand for plastic bottles. Notably, plastic bottles are favored for their convenience and suitability as packaging for solid oral medications.
- Propelled by its high-growth economies and urbanization, Latin America is emerging as a pivotal market for pharmaceutical plastic bottles. A key driver of this surge is the increasing number of elderly patients requiring ongoing medical attention. As the pharmaceutical plastic bottle manufacturing sector expands, packaging providers are poised to capitalize on the vast opportunities within this market.
- Plastic bottles are embracing cutting-edge technologies, with radio frequency identification (RFID) tags being a standout, often integrated into the packaging seals. This adoption is lauded for its ability to enhance security measures throughout the supply chain. These bottles are instrumental in shielding medical devices and pharmaceuticals from oxygen, odors, and moisture, effectively extending their shelf life. Tackling medication non-adherence is crucial, given its widespread nature, which complicates chronic diseases and inflates healthcare costs.
- However, the market grapples with notable challenges, including stringent regulatory mandates, logistical hurdles in the supply chain, and economic uncertainties that impact both costs and demand. Environmental consciousness is pushing for sustainable packaging solutions, especially in regions with inadequate waste management systems. Furthermore, staying competitive and mitigating counterfeiting risks necessitate ongoing R&D investments, given the rapid pace of technological advancements.
Latin America Pharmaceutical Plastic Bottles Market Trends
The Polyethylene Terephthalate (PET) Segment is Expected to Witness Significant Growth
- The Brazilian consumer market for PET bottles is rapidly expanding, with a notable shift toward one-size-fits-all packaging, a surge in demand for large sharing packs, and a rising preference for on-the-go formats in the pharmaceutical plastic bottle landscape.
- Amid a global focus on sustainability, Latin America, particularly Brazil, significantly emphasizes eco-friendly packaging. Pharmaceutical companies increasingly turn to solutions like recycled PET and other environmentally conscious materials.
- As pharmaceutical sales in Brazil soar, companies are directing their boosted revenues toward R&D, primarily focusing on pioneering packaging solutions. This drive for innovation has resulted in PET plastic bottles with improved barrier properties, enhanced recyclability, and heightened safety features, making them increasingly attractive to pharmaceutical firms.
- Recent figures from the US Department of Commerce underscore the Mexican pharmaceutical market, which notched sales of around USD 10.83 billion in 2023, a substantial uptick from the previous year. With this sales surge in pharmaceuticals, the demand for packaging solutions, especially PET plastic bottles, is set to climb with the expanding product volumes.
- Moreover, the escalating emphasis on sustainability propels pharmaceutical companies in Brazil and Latin America to embrace eco-friendly packaging. Companies invest heavily in R&D to craft innovative packaging that meets stringent environmental standards while upholding product safety. This shift toward sustainable packaging is anticipated to persist, reshaping market dynamics and fueling growth in the PET plastic bottle segment.
Brazil is Expected to Exhibit Significant Growth in the Market
- Driven by the government's initiatives to bolster the business environment and support economic growth, Brazil has become an attractive destination for significant corporations spanning diverse industries. This strategic move has enabled these corporations to cater to the domestic market and tap into the lucrative North American markets. Consequently, the region's demand for plastic bottle packaging is poised for rapid growth, fueled by a surge in domestic production.
- Specifically, Brazil's pharmaceutical and healthcare sectors are experiencing a heightened demand for plastic bottles, mirroring the uptick in medical product requirements. Adhering to stringent pharmaceutical packaging norms, producers increasingly turn to eco-friendly solutions like recyclable packaging.
- The International Trade Administration, US Department of Commerce, highlights Brazil's prominence. Brazil boasts the largest pharmaceutical and healthcare market in Latin America, with healthcare accounting for 9.1% of its GDP. Notably, the local private laboratories highlight the most significant profits, underscoring the increased demand for suppliers of pharmaceutical plastic bottles, especially as the region witnesses a surge in solid dosage developments.
- According to the Trade Map, a May 2023 article, reported that Brazil's pharmaceutical exports surged to about USD 1.43 billion in 2022, marking a notable increase when compared with the previous year's USD 1.1 billion. With a rise in pharmaceutical exports, there is a proportional increase in the need for packaging materials, including plastic bottles. As Brazilian pharmaceutical companies expand their production to meet international demand, they will require more packaging solutions, driving the growth of the plastic bottle market.
- Investments in diabetes care are driving the expansion of healthcare infrastructure, with a focus on clinics and pharmacies. This growth is expected to boost the demand for pharmaceutical supplies, notably plastic bottles for storing and distributing medications. As per the International Diabetes Federation, Brazil's healthcare spending on diabetes hit USD 42.93 billion in 2021. Projections indicate a climb from USD 48.31 billion in 2030 to approximately USD 51.44 billion by 2045.
Latin America Pharmaceutical Plastic Bottles Industry Overview
The Latin American pharmaceutical plastic bottles market is fragmented, with many players like Amcor Group GmbH, Gerresheimer AG, Berry Global Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, and Greiner Packaging International GmbH. Players have adopted various organic and inorganic strategies to dominate the market, such as mergers and acquisitions, partnerships, new product launches, and collaborations.
- November 2023 - Gerresheimer, a solution provider and global partner for the pharmaceutical and biotech industries, marked the commencement of a plant expansion at its Querétaro, Mexico facility. The expansion will increase the pharmaceuticals' production capacity, ensuring a steady and reliable supply to meet the increased demand in Latin America.
- April 2023 - Amcor declared that its Londrina, Brazil, manufacturing plant achieved ISSC Plus status, making it the first Amcor facility in Latin America. This certification enables one of Amcor's most extensive facilities in Latin America to utilize advanced recycled materials in its product range. It reflects positively on the entire plastics industry in Latin America, including pharmaceutical plastic bottles, as it demonstrates a commitment to sustainable practices.
Latin America Pharmaceutical Plastic Bottles Market Leaders
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Amcor Group GmbH
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Greiner Packaging International GmbH
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Berry Global Inc.
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AptarGroup, Inc.
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ALPLA Werke Alwin Lehner GmbH & Co KG
*Disclaimer: Major Players sorted in no particular order
Latin America Pharmaceutical Plastic Bottles Market News
- February 2024: DuPont launched the Tyvek Sustainable Healthcare Packaging Awards, an initiative to recognize healthcare sector pioneers committed to advancing packaging sustainability. With an emphasis on sustainability, pharmaceutical companies in Latin America may increase their demand for eco-friendly plastic bottles. This aligns with global trends toward greener practices.
- October 2023: Perlen Packaging AG and Etimex Primary Packaging GmbH announced a strategic collaboration in response to the rising demand for eco-friendly packaging in the pharmaceutical industry. The collaboration allows the two packaging manufacturers to offer pharmaceutical companies a broader range of sustainable options. This expanded product portfolio may include plastic bottles made from recycled materials, bio-based polymers, or other eco-friendly alternatives, catering to the increasing demand for sustainable packaging solutions in the pharmaceutical sector.
- May 2023: The Japanese pharmaceutical company Daiichi Sankyo has invested about BRL 400 million (USD 80 million) in expanding its Brazilian operations to strengthen its healthcare segment, including introducing new products over the next few years. The plant expansion is expected to increase local production to 900 million tablets annually by 2025, up from 350 million. Daiichi Sankyo's plant expansion in Brazil is expected to increase its production capacity significantly. This means the company will require more pharmaceutical packaging, including plastic bottles, to accommodate its growing production needs.
Latin America Pharmaceutical Plastic Bottles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyer
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Domestic Pharmaceutical Packaging
5.1.2 Growth in Foreign Direct Investment in the Regional Pharmaceutical and Packaging Sector
5.2 Market Restraints
5.2.1 Environmental Concerns Regarding the Use of Plastics
6. MARKET SEGMENTATION
6.1 By Raw Material
6.1.1 Polyethylene Terephthalate (PET)
6.1.2 Polypropylene (PP)
6.1.3 Low-density Polyethylene (LDPE)
6.1.4 High-density Polyethylene (HDPE)
6.2 By Type
6.2.1 Solid Containers
6.2.2 Dropper Bottles
6.2.3 Nasal Spray Bottles
6.2.4 Liquid Bottles
6.2.5 Oral Care
6.2.6 Other Types
6.3 By Country***
6.3.1 Brazil
6.3.2 Argentina
6.3.3 Mexico
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Amcor Group GmbH
7.1.2 Gerresheimer AG
7.1.3 Berry Global Inc.
7.1.4 AptarGroup Inc.
7.1.5 ALPLA Werke Alwin Lehner GmbH & Co. KG
7.1.6 Silgan Holdings Inc.
7.1.7 Pretium Packaging
7.1.8 Greiner Packaging International GmbH
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Latin America Pharmaceutical Plastic Bottles Industry Segmentation
Pharmaceutical plastic bottles are purpose-built containers for the storage and transportation of pharmaceuticals. They are a cornerstone in pharmaceutical packaging, ensuring the safety and efficacy of medications and healthcare products. The study tracks the revenue accrued from the sales of pharmaceutical plastic bottles offered by various vendors in the market.
The Latin American pharmaceutical plastic bottles market is Segmented by raw material (polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), and high-density polyethylene (HDPE)), type (solid containers, dropper bottles, nasal spray bottles, liquid bottles, oral care, and other types), and country (Brazil, Argentina, Mexico, and Rest of Latin America). The report offers market forecasts and size in value (USD) for all the above segments.
| By Raw Material | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Low-density Polyethylene (LDPE) | |
| High-density Polyethylene (HDPE) |
| By Type | |
| Solid Containers | |
| Dropper Bottles | |
| Nasal Spray Bottles | |
| Liquid Bottles | |
| Oral Care | |
| Other Types |
| By Country*** | |
| Brazil | |
| Argentina | |
| Mexico |
Latin America Pharmaceutical Plastic Bottles Market Research FAQs
How big is the Latin America Pharmaceutical Plastic Bottles Market?
The Latin America Pharmaceutical Plastic Bottles Market size is expected to reach USD 0.9 billion in 2024 and grow at a CAGR of 4.28% to reach USD 1.11 billion by 2029.
What is the current Latin America Pharmaceutical Plastic Bottles Market size?
In 2024, the Latin America Pharmaceutical Plastic Bottles Market size is expected to reach USD 0.9 billion.
Who are the key players in Latin America Pharmaceutical Plastic Bottles Market?
Amcor Group GmbH, Greiner Packaging International GmbH, Berry Global Inc., AptarGroup, Inc. and ALPLA Werke Alwin Lehner GmbH & Co KG are the major companies operating in the Latin America Pharmaceutical Plastic Bottles Market.
What years does this Latin America Pharmaceutical Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the Latin America Pharmaceutical Plastic Bottles Market size was estimated at USD 0.86 billion. The report covers the Latin America Pharmaceutical Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Pharmaceutical Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Pharmaceutical Plastic Bottles Industry Report
Statistics for the 2024 Latin America Pharmaceutical Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Pharmaceutical Plastic Bottles analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
