Prescription Bottles Market Pegged for Robust Expansion During 2024 - 2031 | AptarGroup, Weener Plastics Group, Bormioli Rocco Pharma

Market Overview:

The Global Prescription Bottles Market size was valued at US$ 4.56 Billion in 2024 and is expected to reach US$ 8.13 Billion by 2031, grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

Market Dynamics:

The prescription bottles market is expected to exhibit significant growth over the forecast period owing to two major drivers-

Firstly, the increasing healthcare expenditure globally is expected to drive the market growth. Rising income levels have led to people having better access to healthcare facilities and treatments. This has resulted in higher consumption of prescription medicines driving the need for prescription bottles. According to data by the World Bank, global healthcare spending increased from 9.908% of GDP in 2012 to 10.586% of GDP in 2019.

Secondly, increasing geriatric population prone to various chronic diseases and ailments is also contributing to the market growth. Older adults tend to have multiple prescriptions for managing their conditions. For example, approximately 60-70% of older adults in the US take prescription drugs on a regular basis. This aged group will fuel demand in the prescription bottles industry.

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Major Driver: Growing Demand for Prescription Drugs is Fueling Growth in Prescription Bottles Market

The growing geriatric population globally suffering from chronic diseases like diabetes, arthritis, cancer etc is one of the key factors driving the demand for prescription drugs and bottles. As per WHO, the proportion of world's population over 60 years will nearly double from 12% to 22% between 2015 and 2050. Aged people are more prone to illnesses and take multiple prescription medicines regularly. Moreover, increasing prevalence of lifestyle diseases among younger population due to changing dietary patterns and busy schedule is propelling the sales of medicines which in turn boost the prescription bottles market.

Major Opportunity: customization and branding opportunities offered by prescription bottles

Prescription bottles provide opportunity for brand promotion and customization besides serving the basic function of containing prescribed drugs. pharma companies leverage this potential by undertaking branding activities like labeling their company or drug name in eye-catching fonts or colors on bottles. They also personalize the bottles as per target customer segments and preferences to enhance product appeal and recall value. Some patients also demand customized features like larger dosing compartments, extra warning labels etc as per their convenience of usage. The scope for customization in design, labeling and add-on features opens new revenue streams for prescription bottles manufacturers.

Major Trend: shift towards eco-friendly sustainable packaging of prescription bottles

Growing awareness about environment protection is compelling prescription bottles manufacturers to shift focus towards developing sustainable packaging solutions. There is a rising trend of using recyclable plastic resins, renewable materials like paper in bottle production. Bottle designs are optimized to minimize plastic usage without compromising on functionality and safety. Some manufacturers have already introduced eco-bottles made of recycled PET, bioplastics. Emphasis is also given to maximize recyclability potential of bottles by adopting universal resin identification coding system. Such initiatives help gain consumer confidence while meeting compliance of environmental laws. Adoption of sustainable practices will be a prominent trend shaping the future prescription bottles landscape.

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Top Companies Featured in This Report:

★ AptarGroup
★ Weener Plastics Group
★ Bormioli Rocco Pharma
★ Pacific Packaging Components
★ PCC Exol
★ SHL Group
★ O.Berk Company
★ Winfield Laboratories
★ O.Berk
★ Comar
★ RPC Group
★ Alpha Packaging
★ Pretium Packaging
★ Silgan Holdings
★ Origin Pharma Packaging
★ Vidchem pty ltd
★ Mold-Rite Plastics
★ Berry Global
★ Amcor
★ Gerresheimer

Market Segmentation:

By Product Type:

★ By Material Type: Plastics, Glass, Others
★ By Cap Type: Screw Cap, Push On Cap, Child Resistant Cap, Others
★ By Capacity: Less than 10 ml, 10 - 30 ml, 31 - 60 ml, 61 - 100 ml, 100 ml & Above
★ By End-Use: Pharmaceutical Companies, Compounding Pharmacies, Veterinary, Nutraceutical Manufacturers, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Inquiries Addressed in this Report include:

📈 What was the size of the Prescription Bottles Market in 2024, and what is the projected value by 2031?

📈 What is the present global market landscape for the Prescription Bottles Market?

📈 What strategies offer optimal opportunities for growth maximization in the business?

📈 What recent trends are shaping the Prescription Bottles Market?

📈 How does the market share of Prescription Bottles Market revenue, sales, and size vary across specific geographical regions?

📈 Who are the prominent industry players in the Prescription Bottles Market?

📈 Which segment of the Prescription Bottles Market is experiencing heightened demand?

The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Prescription Bottles sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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