Global Pharmaceutical Plastic Bottle Market Poised for Significant Growth: Key Trends and Projections

The global pharmaceutical plastic bottle industry is on track to achieve a valuation of USD 30 billion in 2024 , with projections indicating it will reach USD 49 billion by 2034 . This growth is expected to be driven by a robust compound annual growth rate (CAGR) of 5% through the decade, following a year-on-year growth of 4.1% anticipated in 2024, after generating USD 28.8 billion in revenue in 2023.

A significant driver of this market expansion is the increasing demand for plastic bottles designed for solid formulations. These bottles are projected to secure a 45% value share by 2034, owing to their versatility, cost-effectiveness, and convenience for end users. The lightweight and durable nature of plastic bottles makes them an ideal choice for solid dosage forms, which comprise the majority of pharmaceuticals available in the market today. As a result, the demand for pharmaceutical bottles for solid formulations is expected to rise significantly.

Among various packaging formats, polyethylene terephthalate (PET) bottles are anticipated to dominate the market, with an expected revenue generation of USD 15.8 billion by 2034 . The exceptional barrier properties of PET bottles, which safeguard medicines from light, moisture, and oxygen, are enhancing their application in the pharmaceutical sector. This protection is crucial in maintaining the integrity and efficacy of pharmaceutical products, driving the preference for PET bottles among manufacturers.

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Core Concepts in the Pharmaceutical Plastic Bottle Industry

Future Market Growth : Through 2034, the pharmaceutical plastic bottle market is expected to develop at a compound annual growth rate (CAGR) of 5%, pointing to a healthy future.

Market Valuation for 2023: The pharmaceutical plastic bottle market was estimated to be worth USD 28.8 billion globally in 2023, a reflection of the size and demand of this substantial business.

2034 Market Forecast: Throughout the forecast period, there is expected to be significant growth in the global pharmaceutical plastic bottle business, with a valuation of USD 40 billion by 2034.

Regional Growth Leader : The Middle East and Africa region is set to record the highest CAGR of 6.6% during the assessment period, showcasing strong regional market growth potential.

Key Market Players : Leading companies in the global pharmaceutical plastic bottle industry include Berry Global Inc., Amcor Plc, and AptarGroup, Inc., which are pivotal in driving market developments and innovations.

Market Highlights and Trends:

Dominance of Solid Formulation Bottles: Plastic bottles for solid formulations are expected to secure a 45% value share by 2034. Their versatility, low cost, and convenience make them ideal for solid dosage medicines, which are prevalent in the market.

Rise of PET Bottles: Polyethylene Terephthalate (PET) bottles, known for their exceptional barrier properties against light, moisture, and oxygen, are anticipated to generate USD 15.8 billion in revenue by 2034. PET bottles' transparency allows healthcare professionals and patients to inspect contents, detect tampering, and verify labels accurately.

Small-Size Bottles Demand: Plastic bottles with capacities below 100 ml are predominantly used in the pharmaceutical industry, projected to account for over half of the market value by 2034. Their compactness and portability make them ideal for on-the-go use and smaller medication quantities.

Market Growth Drivers:

Incremental Opportunities: The industry is set to create an incremental opportunity of USD 20.1 billion, rising 1.7 times its current value through 2034. The growth is driven by the increasing demand for pharmaceutical packaging, essential for medicine storage and delivery.

Sustainability Efforts: Sustainability concerns are driving the demand for 100% recycled pharmaceutical plastic bottles. Manufacturers are increasingly using recycled plastic in production, aligning with global sustainability goals.

Technological Advancements: Advancements in technology and the usage of plastic bottles for both solid and liquid oral medicines are contributing significantly to market growth. Key features such as moisture barriers, dimensional stability, impact strength, and heat and flame resistance are enhancing the adoption of plastic bottles in the pharmaceutical sector.

North America Leads the Charge

North America, with the United States at its forefront, is expected to remain the most attractive market for pharmaceutical plastic bottles. This dominance can be attributed to factors like high healthcare spending, a growing geriatric population, and increasing awareness about chronic diseases.

The UK Market: A Promising Future

The UK market for pharmaceutical plastic bottles is projected to witness a significant rise, fueled by a robust healthcare system, a thriving pharmaceutical industry, and a growing emphasis on healthcare among the population.

Key players operating in the market include

Berry Global Inc.
Amcor Plc
Gerresheimer AG
AptarGroup, Inc.
O. Berk Company, LLC
Alpha Packaging Holdings, Inc.
Comar, LLC
Alpack Inc.
ALPLA Werke Alwin Lehner GmbH & Co KG
Drug Plastics Group
Bormioli Pharma S.p.a.
C.L.Smith Company
United States Plastic Corporation
Weener Plastics Group BV
Origin Pharma Packaging
Pretium Packaging Corporation
Pro-Pac Packaging Group Pty Ltd

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Market Segmentation:

Bottle Type

Plastic Bottles for Solid Formulation
Plastic Bottles for Liquid
Plastic Bottles for Ophthalmic/Nasal Formulation
Material Type

Polyethylene (PE)
High-density polyethylene (HDPE)
Low-density polyethylene (LDPE)
Polyethylene terephthalate (PET)
Polypropylene (PP)
Polyvinyl chloride (PVC)
Capacity

Below 100 ml
100 ml - 250 ml
Above 250 ml
Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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This release was published on openPR.