DUBLIN--(BUSINESS WIRE )--The "Pharmaceutical Plastic Bottles Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The pharmaceutical plastic bottles market was valued at USD 7.34 billion in 2018 and is projected to reach USD 9.31 billion by 2024, at a CAGR of 4.11%, during the forecast period of 2019 - 2024.
The growing demand for the packaging industry in pharmaceutical for the storage and delivering of medicines will drive the market in the forecast period.
As plastic bottles are light-weight and easier to handle, the adoption of these bottles is growing. Manufacturers are preferring the use of plastic bottles, due to lower costs of production and a variety of innovations that can happen. Since they will be used in the pharmaceutical industry, they are made in complete awareness about environmental issues and hazardous effects. Therefore, manufacturers strictly follow government stringent rules and regulations across the world.
LDPE, HDPE, and Polypropylene are the Most Used Materials
North America Account for Significant Market Share
Amcor Limited. Berry Plastics Group, Inc., Aptar Pharma, Gerresheimer AG, Graham Packaging Company, Alpha Packaging, and Alpack Plastic Packaging, among others. The market is neither fragmented nor concentrated since there is no major competition in the market. Therefore, the market concentration will be moderate.
November 2018 - Comor acquired Shore Plastic Technologies. Shore Plastic Technologies develops products in the medical, diagnostic, pharmaceutical, and CPG industries. The acquisition is the latest in a series of recent investments by Comor to enhance the company's design and engineering capabilities to better serve customers in the medical device, diagnostic pharmaceutical, and CPG market segments.
May 2018 - Gerresheimer, expanded its presence on the South American market. The new Gerresheimer Anpolis plant commenced production in the Brazilian state of Gois in order to secure and support the continued strong growth.
4.2 Introduction to Market Drivers and Restraints
4.3.1 Growing Demand from the Packaging Industry
4.3.2 Growing Pressure on Pharma Companies to Cut Costs
4.4.2 Environmental Concerns over Usage of Plastic
4.6 Industry Attractiveness - Porter's Five Force Analysis
5.1.3 Low Density Poly Ethylene (LDPE)
5.1.4 High Density Poly Ethylene (HDPE)
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Pharmaceutical Packaging
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Pharmaceutical Packaging