Pharmaceutical Bottles Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Bottle Type (Dropper Bottles, Packer Bottles, Boston Round Bottles, Others), By Application (Oral Care, Liquid Medicines), By Material (PET, LDPE, HDPE, PVC), By Color (Transparent, Amber, White), By End User (Pharmaceutical Companies, Health Care Centers, Chemical Companies, Others), And Geography - Forecasts From 2019 To 2024

The global pharmaceutical bottles market is expected to grow at a compound annual growth rate of 4.58% to reach a market size of US$24.581 billion by 2024 from US$18.784 billion in 2018.

Pharmaceutical bottles are used by pharmaceutical companies for the storage of medical or healthcare products. The rising number of health issues and the consumption of medicines are the prime factors expected to drive the market for pharmaceutical bottles. The growing preference amongst the population for safe and convenient packaging of medicines is anticipated to fuel market growth in the near future. Moreover, growing health consciousness along with increasing routine health check-ups are predicted to further augment the market growth.

Although technological advancements like the introduction of eco-friendly materials such as glass and sugarcane are anticipated to widen the growth opportunities for the pharmaceutical bottles market, the strict government regulations regarding the use of plastics are expected to hamper the pharmaceutical bottles market growth to some extent.

The pharmaceutical bottles market has been segmented on the basis of bottle type, application, material, color, end user and geography. In the material segment, HDPE and LDPE are expected to hold a significant market share owing to the wide usage of these materials in medicinal bottles. Geographically, North America is projected to hold a substantial share of the market on account of the presence of major players in the region. The Asia Pacific is also anticipated to grow at a significant rate during the forecast period owing to the augmenting pharmaceutical industry in the region.

DRIVERS
Bolstering the pharmaceutical industry.
Growing health consciousness among the general population.

RESTRAINTS
Environment concerns due to difficult recycling.

INDUSTRY UPDATES
In May 2018, Gerresheimer AG expanded its presence in South America with a new production facility in the Brazilian state of Goias.
In November 2017, Comar LLC acquired Shore Plastics Technologies Inc.

The major players profiled in the Pharmaceutical Bottles market include Aptar Group Inc., Amcor Ltd., Berry Plastic Group Inc., Comar LLC, Gerresheimer AG, O Berk Company LLC, Tim Plastics Inc., Drug Plastic Group, Pretium Packaging Corporation, and Alpha Packaging.

Segmentation

The pharmaceutical bottles market has been analyzed through the following segments:

• By Bottle Type
  • Dropper Bottles
  • Packer Bottles
  • Boston Round Bottles
  • Others
• By Application
  • Oral Care
  • Liquid Medicines
• By Material
  • PET
  • LDPE
  • HDPE
  • PVC
• By Color
  • Transparent
  • Amber
  • White
• By End User
  • Pharmaceutical Companies
  • Heath care centers
  • Chemical Companies
  • Others
• By Geography
  • North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others