Pharmaceutical Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.22 Billion |
| Market Size (2029) | USD 11.26 Billion |
| CAGR (2024 - 2029) | 4.07 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Pharmaceutical Plastic Bottles Market Analysis
The Pharmaceutical Plastic Bottles Market size is estimated at USD 9.22 billion in 2024, and is expected to reach USD 11.26 billion by 2029, growing at a CAGR of 4.07% during the forecast period (2024-2029).
The growing demand for the packaging in pharmaceuticals for the storage and delivery of medicines is expected to drive the market during the forecast period.
- The demand for plastic packaging has witnessed significant growth in the pharmaceutical industry because of its unmatched ability. Additional features that led to increased adoption in pharma are barrier against moisture, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, resistance to heat and flame, and extension of expiry dates.
- The market for pharmaceutical plastic bottles is growing due to growing sustainability concerns by increasing the recycling rate and minimizing the environmental impact in the pharmaceutical industry. Technological advancement and the rising application of plastic bottles in solid and even liquid oral medicines have added to market growth for pharmaceutical plastic bottles. However, the rise in the price of plastics due to fluctuating prices of crude oil and various regulations would reflect on the increase in the price of plastics, which may affect the consumption of the product and further hinder the growth of the market studied.
- Plastic bottles are increasingly used for aseptic filling and packaging in the industry. Market vendors provide aseptic bottle filling and packaging services in various regions. For instance, LSNE offers aseptic dropper bottle filling services. The company has an automated filling line capable of filling standard multi-dose three-piece bottles in 5 ml and 10 ml bottles and sterile multi-dose bottles.
- Asia-Pacific has a prominent base for the production of PET resin and polymers, which is also aiding the growth of the market with no issues of a supply shortage of raw material. China is one of the largest producing and consuming countries of PET bottles.
- With the increasing demand for medicine and other essential goods at an all-time high, a lack of available packaging to package and ship them further caused a significant interruption in supply chains. However, the demand increased for some medicines used in patients with COVID-19. These included some anesthetics, antibiotics, muscle relaxants, and some off-label medicines. This led to the supply of plastic bottles in the pharmaceutical companies.
Pharmaceutical Plastic Bottles Market Trends
HDPE Segment to Report the Highest Growth Rate
- HDPE is used to manufacture various types of bottles, and among those, un-pigmented bottles are translucent, with excellent stiffness and barrier properties. The material has a pigmented variety, which can package light-sensitive drugs in the pharmaceutical industry. These materials are suited for packaging products with a short shelf life. According to American Chemical Council, in 2021, the United States produced 123.9 billion pounds of resins, in which thermoplastics accounted for roughly 86% of total production. High-density polyethylene (HDPE) was the most produced resin that year, with an output of 22 billion pounds.
- HDPE also has excellent chemical resistance, which presents it as a valuable material for packaging various chemicals and medicinal products. Pigmented HDPE bottles are witnessed to have improved stress crack resistance than un-pigmented HDPE material. The blow-molding application of HDPE makes it more durable and more versatile than PP and LDPE materials. It also has excellent resistance to most solvents and high tensile strength compared to other forms of polyethylene materials.
- HDPE is also primarily used for larger containers in the commercial sector as it has a high strength-to-weight ratio in common polymers and is less brittle than PP. It maintains a lightweight nature in molding, making it suitable for larger containers, like plastic canisters.
- Further, there have been various research and development activities by multiple players in the market. For instance, in April 2021, Advil maker GSK Consumer Healthcare (GSK) announced a commitment to reducing the plastic in more than 80 million Advil bottles by 20%, which will result in a reduction of nearly 500,000 pounds of plastic in the environment. By 2022, Advil is expected to reduce plastic in nearly all bottles available in stores and online, except the brand's Easy Open bottles. The new barrier resin technology reduces the amount of resin required to mold and craft the high-density polyethylene (HDPE) bottles while maintaining barrier protection properties.
North America Accounts for a Significant Market Share
- The US plastic bottles market is estimated to grow at a steady rate, owing to the constantly increasing consumption and industrial applications of plastic-made containers and bottles. According to the Plastics Industry Association (PLASTICS), the market demand for plastic bottles continues to expand in the United States.
- According to Pharmaceutical Commerce, in the United States, the pharmaceutical market is on the rise. By 2023, it is expected that Americans would spend USD 635 to USD 655 billion on pharmaceuticals. As a result, the United States will be the country with the greatest pharmaceutical spending.
- Moreover, according to Pharmaceutical Commerce, in the United States, the pharmaceutical market is on the rise. By 2023, it is expected that Americans will spend USD 635 to USD 655 billion on pharmaceuticals. As a result, it will almost certainly be the country with the most significant pharmaceutical spending.
- The plastic resin and products sector employs 93,000 people across 1,932 establishments. With usage in almost every modern product, plastic products are in demand in Canada in most sectors of the economy, with three categories packaging, construction, and automotive accounting for 69% of plastic end use.
Pharmaceutical Plastic Bottles Industry Overview
The pharmaceutical plastic bottle market is fragmented with the presence of many players like Amcor Limited. Berry Plastics Group, Inc., Aptar Pharma, Gerresheimer AG, Graham Packaging Company, Alpha Packaging, and Alpack Plastic Packaging. The players have adopted various organic and inorganic strategies such as mergers & acquisitions, partnerships, new product launches, and collaborations to dominate the market.
- December 2021 - Comar announced that it acquired Omega Packaging, an injection, and blow-molded product manufacturer. Omega Packaging's line of child-resistant (CR) closures and precision mold-building capabilities advance Comar's strategy to serve healthcare customers with end-to-end custom manufacturing capabilities and an expanded product portfolio.
- September 2021 - Clearlake Capital Group portfolio company Pretium Packaging agreed to acquire US-based Alpha Packaging from Irving Place Capital for an undisclosed sum. Alpha Packaging and Pretium Packaging will allow the combined entity to offer a wide range of advanced packaging solutions to both firms' existing customer bases and new customers.
Pharmaceutical Plastic Bottles Market Leaders
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Amcor Limited
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Berry Plastics Group, Inc.
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Gerresheimer AG
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Aptar Pharma
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O.Berk Company LLC
*Disclaimer: Major Players sorted in no particular order
Pharmaceutical Plastic Bottles Market News
- May 2022 - Gerresheimer AG has enhanced its manufacturing capabilities in India to ensure consistent local supply for pharma and healthcare operations. The company has opened a new plant to produce plastic containers and closures at its Kosamba manufacturing site.
- November 2021 - Santen Pharmaceutical Co. Ltd., a Japanese pharmaceutical company, unveiled its plan to launch the first bio-based plastic eye drop bottle in Europe, the Middle East, and Africa (EMEA) region as part of its zero-carbon commitment.
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
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Need for Lightweight Pharma Bottles by Consumers
5.1.2 Increasing Spending on Healthcare and Pharmaceutical to Augment the Market Growth
5.2 Market Restraints
5.2.1 Increasing Raw Material Costs
5.2.2 Environmental Concerns over Usage of Plastics
6. MARKET SEGMENTATION
6.1 By Raw Material
6.1.1 Polyethylene Terephthalate (PET)
6.1.2 Poly Propylene (PP)
6.1.3 Low-density Poly Ethylene (LDPE)
6.1.4 High-density Poly Ethylene (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 Geography***
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.3 Asia
6.3.3.1 China
6.3.3.2 India
6.3.3.3 Japan
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.5.1 Brazil
6.3.5.2 Argentina
6.3.5.3 Mexico
6.3.6 Middle East and Africa
6.3.6.1 Saudi Arabia
6.3.6.2 United Arab Emirates
6.3.6.3 South Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Amcor Limited
7.1.2 Gerresheimer AG
7.1.3 Berry Group Inc.
7.1.4 Aptar Pharma
7.1.5 O.Berk Company LLC
7.1.6 Alpha Packaging
7.1.7 Pro-Pac Packaging Ltd
7.1.8 COMAR LLC
7.1.9 Gil Plastic Products Ltd
7.1.10 Drug Plastics Group
7.1.11 Frapak Packaging
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pharmaceutical Plastic Bottles Industry Segmentation
As plastic bottles are lightweight and easier to handle, the adoption of these bottles is growing. Manufacturers prefer the use of plastic bottles due to lower costs of production and a variety of innovations that can occur. Since they will be used in the pharmaceutical industry, they will be made keeping in mind the environmental issues and hazardous effects. The Pharmaceutical Plastic Bottles Market is segmented By Raw Material (Polyethylene Terephthalate, Poly Propylene, Low-density Poly Ethylene, High-density Poly Ethylene), By Type (Solid Containers, Dropper Bottles, Nasal Spray Bottles, Liquid Bottles, Oral Care), and Geography.
| By Raw Material | |
| Polyethylene Terephthalate (PET) | |
| Poly Propylene (PP) | |
| Low-density Poly Ethylene (LDPE) | |
| High-density Poly Ethylene (HDPE) |
| By Type | |
| Solid Containers | |
| Dropper Bottles | |
| Nasal Spray Bottles | |
| Liquid Bottles | |
| Oral Care | |
| Other Types |
| By Geography*** | |||||
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| Australia and New Zealand | |||||
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Pharmaceutical Plastic Bottles Market Research FAQs
How big is the Pharmaceutical Plastic Bottles Market?
The Pharmaceutical Plastic Bottles Market size is expected to reach USD 9.22 billion in 2024 and grow at a CAGR of 4.07% to reach USD 11.26 billion by 2029.
What is the current Pharmaceutical Plastic Bottles Market size?
In 2024, the Pharmaceutical Plastic Bottles Market size is expected to reach USD 9.22 billion.
Who are the key players in Pharmaceutical Plastic Bottles Market?
Amcor Limited, Berry Plastics Group, Inc., Gerresheimer AG, Aptar Pharma and O.Berk Company LLC are the major companies operating in the Pharmaceutical Plastic Bottles Market.
Which is the fastest growing region in Pharmaceutical Plastic Bottles Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pharmaceutical Plastic Bottles Market?
In 2024, the North America accounts for the largest market share in Pharmaceutical Plastic Bottles Market.
What years does this Pharmaceutical Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the Pharmaceutical Plastic Bottles Market size was estimated at USD 8.84 billion. The report covers the Pharmaceutical Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pharmaceutical Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pharmaceutical Plastic Bottles Industry Report
Statistics for the 2024 Pharmaceutical Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Pharmaceutical Plastic Bottles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Pharmaceutical Plastic Bottles Market Report Snapshots
