Press release
Pharmaceutical Bottles Market growing at a CAGR of 3.80% | Leading manufacturers are Pont Europe, Industrias Plasticas Puig SL, Maynard and Harris Plastics, Alcion Plasticos, Amcor
Gerresheimer, Amcor, and Alcion Plasticos are some of the key players functioning in this market.
As per the estimations, the market for pharmaceutical bottles in Spain, which was worth US$241.4 mn in 2016, is likely to progress at a CAGR of 3.80% over the period from 2016 to 2024 and reach a value of US$235 mn by the end of the forecast period. In terms of shipment volume, the market is likely to touch 1,619 mn units mark by 2024.
Thanks to the rising utilization of PET in the manufacturing of pharmaceutical bottles, fueled by its atmosphere barrier properties, the PET segment is likely to remain witnessing a higher growth than other material type segments over the next few years, reports the research study.
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Oral Care Products to Report Strong Demand for Pharmaceutical Bottles
The report further provides a comprehensive evaluation of the application areas of pharmaceutical bottles in Spain. According to the study, pharmaceutical bottles are predominantly utilized in liquids, E-liquid, droppers, oral care products, and topical medication in this country.
Oral care products, among all, have been exhibiting a greater demand for pharmaceutical bottles. It held a share of nearly 36% in the total demand for pharmaceutical bottles in Spain in 2016. Analysts predict the segment will demonstrate a significant incremental performance in terms of the growth rate as well as the market share throughout the forecast period.
Topical medication, amongst others, is expected to witness a considerable rise in the years to come due to the design competence of pharmaceutical bottles that offer a convenient and less messy dispensing of lotions and semi-solid contents.
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Plastic-based Pharmaceutical Bottles to Trend in Spain Pharmaceutical Bottles Market
“The advancements in the drug delivery formats applicable in the medical and healthcare industry are having the most prominent influence on the market for pharmaceutical bottles in Spain,” states the author of the study. Plastic-based pharmaceutical bottles are the latest trend in the Spain pharmaceutical market.
The availability of relatively cheaper polymers in abundance has brought the focus of manufacturers towards producing pharmaceutical bottles from plastic. According to researchers, this trend will shape the future of this market over the forthcoming years.
On the other hand, the rising preference for flexible packaging formats, especially blisters, and the advent of eco-friendly biomaterials-based bottles as an alternative to the pharmaceutical bottles are likely to reflect negatively to the demand for pharmaceutical bottles in Spain to some extent in the years to come, notes the study.
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The Spain pharmaceutical bottles market is segmented below:
By Bottle Type
Packer Bottles
Dropper Bottles
Eye Droppers
Ear Droppers
Nose Droppers
Liquid Bottles
Others
By Application
E-liquid
Liquid
Droppers
Oral Care
Topical medication
By Material Type
High-density polyethylene (HDPE)
Low-density polyethylene (LDPE)
Polyethylene terephthalate (PET)
Polypropylene (PP)
Polyvinyl chloride (PVC)
By End User
Pharmaceutical Companies
Compounding Pharmacies
Chemical Companies
Healthcare Centers
Pharmaceutical Packaging Companies
The study presented here is based on a report by Transparency Market Research (TMR), titled “Pharmaceutical Bottles Market (Bottle Type - Packer Bottles, Dropper Bottles (Eye Droppers, Ear Droppers, and Nose Droppers), and Liquid Bottles; Application - E-liquid, Liquid, Droppers, Oral Care, and Topical Medication; Material Type - High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Polyvinyl Chloride (PVC); End User - Pharmaceutical Companies, Compounding Pharmacies, Chemical Companies, Healthcare Centers, and Pharmaceutical Packaging Companies) - Spain Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024.”
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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