Pharmaceutical Plastic Bottles Market Size, Share 2031: Present Scenario and Growth Prospects

A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Pharmaceutical Plastic Bottles Market over the forecast period. The report gives a detailed outlook about the ongoing changes and advancement that are expected to augment growth in the Pharmaceutical Plastic Bottles Market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats and challenges that market players are likely to face during the forecast period.

According to the study, the Pharmaceutical Plastic Bottles Market is expected to reach a valuation of US$ 29.6 billion at a CAGR of 10.3% over the forecast period. Technological advancements in the packaging industry across various verticals will enable growth in the market. Increasing investment in research and development activities and adoption of information technology within the industry, will create growth opportunities. FMI’s latest report gives significant details about the current and upcoming market scenario for an optimized assessment of the market.

After defying initial doubts about how the industry would function in the face of the pandemic, the United States will emerge as a top market, with year-on-year growth of 8.9% in 2021. Between 2021 and 2031, the demand for plastic bottles for ophthalmic/nasal formulations will be the largest of all, expanding at a 12.2 percent CAGR.

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COVID-19 Impact Analysis on Pharmaceutical Plastic Bottles Market

Following the outbreak of COVID-19, the packaging industry is expected to witness a moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Pharmaceutical Plastic Bottles Market in the positive direction. Manufacturers are more focused on the sustainability as a key strategy to maintain their position in the industry during the time of crisis.

FMI provides an extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Pharmaceutical Plastic Bottles Market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.

Pharmaceutical Plastic Bottles Market: Segmentation

In-depth analysis on FMI’s Pharmaceutical Plastic Bottles Market report has been further classified into key segments and sub-segments.

Material

• Polyethylene
• Polypropylene
• Polyethylene terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Polyamide (PA)
• Cyclo-Olefin Polymer (COP)
• Cyclo-olefin Copolymer (COC)
• Others (PHA, PLA)

By Packaging Type

• Flexible Packaging
• Rigid Packaging

Product Type

• Ampoules & Vials
• Bottles
• Blister Packs
• Trays
• Prefilled Syringes & Cartridges
• Bags & Pouches
• Others (Jars & Containers)

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Pharmaceutical Plastic Bottles Market: Competitive Analysis

The latest report on the Pharmaceutical Plastic Bottles Market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Pharmaceutical Plastic Bottles Market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.

Key players profiled by FMI in Pharmaceutical Plastic Bottles Market includes:

• Gerresheimer AG
• Schott AG,
• Alpha Packaging Holdings Inc.,
• Klockner Pentaplast Group,
• Amcor plc,
• Berry Global Inc.,
• Becton,
• Dickinson and Company,
• Parekhplast India Ltd.,
• West Pharmaceutical Services Inc.,
• Wipak Group,
• Mondi plc,
• Sealed Air Corporation,
• Constantia Flexibles Group GmbH.

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Significant Contributions to the Report

• Key Trends and Opportunities: Comprehensive analysis on the industries ongoing trends and opportunities for market players in different regions across the globe
• Recent Challenges and Forecasts: Detailed assessment on the challenges, technological advancements, and forecast for upcoming decade.
• Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decision