Polyethylene Terephthalate Prescription Bottles is Fueling the Growth of Global Prescription Bottles Market

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Polyethylene Terephthalate Prescription Bottles is Fueling the Growth of Global Prescription Bottles Market

The global Prescription Bottles Market is estimated to be valued at US$ 4.56 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Prescription bottles are protective and highly durable containers mainly used for packaging and dispensing liquid or solid medications. They are typically made of polyethylene terephthalate (PET) due to its light weight, durability, and ability to protect the contents from moisture and light.

Market Overview:

Prescription bottles are available in different sizes and shapes depending upon the type of medication they contain. They offer tamper-proof features and provide optimum product protection from contamination. Prescription bottles allow easy dosing and timely consumption of medications for disease management and treatment. Growing prevalence of chronic ailments and increasing healthcare expenditure are augmenting the demand for prescription bottles.

Market key trends:

One of the key trends in the prescription bottles market is the surge in adoption of polyethylene terephthalate (PET) bottles. PET prescription bottles are gaining significant traction due to their lightweight and shatter-resistant properties. They provide effective protection against moisture, oxygen, and UV rays. PET prescription bottles are recyclable and comply with pharmaceutical packaging regulations. Their compatibility with high-speed filling and capping lines further improves production efficiency. Additionally, ongoing technological advancements in prescription bottles caps and closure designs are helping improve patient convenience and experience.

Segment Analysis

The global prescription bottles market is segmented based on capacity, material, end-use, and region. Based on capacity, the market is divided into less than 10 oz, 10 - 30 oz, and more than 30 oz. The 10 -30 oz segment dominates the market due to its suitability for storing a variety of prescription medicines with capacity to hold doses for few days or weeks.

Key Takeaways

The global Prescription Bottles Market Share is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing prevalence of chronic diseases and rising geriatric population.

Regional analysis

North America is expected to dominate the global prescription bottles market over the forecast period. This is attributed to higher healthcare spending and presence of key market players in the region. Asia Pacific exhibits the fastest growth due to growing medicare industry and increasing penetration of pharmaceutical companies in emerging economies of China and India.

Key players

Key players operating in the prescription bottles market are 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. AptarGroup and

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Prescription Bottles Market is Estimated to Witness High Growth Owing to Opportunity for Increasing Medicine Adherence

Purvaja 2023-12-29

The global Prescription Bottles Market is estimated to be valued at US$ 4. The ability of smart prescription bottles to enhance patient compliance presents a multi-billion dollar market opportunity for manufacturers over the forecast period. Investments towards the development of innovative prescription bottles with digital connectivity and remote monitoring can aid market players to capitalize on this opportunity. Key Takeaways The Global Prescription Bottles Market Share is expected to witness high growth over the forecast period supported by increasing burden of chronic diseases. Regional Analysis: The Asia Pacific prescription bottles market is anticipated to grow at the fastest pace during the forecast period.

Prescription Bottles Market Is Expected To Be Valued At US$ 4.56 Billion By 2022

Sachin Sadgir 2023-10-31

Manufacturers are focusing on developing prescription bottles with advanced features to improve patient convenience and compliance. Segment Analysis The global prescription bottles market is dominated by the plastic segment, accounting for nearly 65% share in 2023. Also, plastic prescription bottles are recyclable and cause lesser environmental impact compared to glass bottles. Regional Analysis North America accounted for the largest share of over 35% of the global prescription bottles market in 2023. Rapid industrialization, increasing generic drug production, and growing medical tourism are bolstering the prescription bottles market in Asia Pacific.

The Global Prescription Bottles Market Growth Accelerated By Increased Demand For Effective Drug Delivery

Mia Yates 2024-01-09

The global Prescription Bottles Market is estimated to be valued at US$ 4. The strict regulatory frameworks regarding drug packaging & labeling also promote the adoption of prescription bottles. Segment Analysis The global prescription bottles market is dominated by plastic prescription bottles segment. Hence, majority of pharmaceutical manufacturers prefer plastic prescription bottles over glass bottles. The global Prescription Bottles Market is estimated to be valued at US$ 4. Amcor and Gerresheimer account for over 30% share of the global prescription bottles market.

The Role of Pharmaceutical Plastic Bottles in Ensuring Patient Safety

Ben Wood 2023-04-06

The use of high-quality plastic bottles can prevent the degradation of the medication's potency and prevent harmful interactions that can compromise its safety. Additionally, pharmaceutical plastic bottles can be designed with features that enhance patient safety, such as tamper-evident closures that provide visual indication of any attempt to open the bottle. This helps prevent accidental or intentional tampering with the medication, which can lead to harm to the patient. Furthermore, pharmaceutical plastic bottles can be designed with child-resistant closures to prevent accidental ingestion of medication by children. In summary, pharmaceutical plastic bottles play a crucial role in ensuring patient safety by protecting the medication from contamination, providing barriers to moisture and light, and incorporating features that prevent accidental or intentional tampering and protect children from accidental ingestion.

Paper Bottles Market Size, Key Players Analysis And Forecast To 2027 | Value Market Research

Anaya sen 2021-05-27

COVID-19 Impact Analysis on Paper Bottles Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the paper bottles market include Paper water bottle, Lyspackaging, Anhui Idea Technology Ltd., Biopac Co., Ch2oose, Taizhou merry port Plastic Products Co. Ltd., Vegan bottle, Mitsubishi Plastics, Raepack Ltd.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Paper Bottles Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/paper-bottles-market/download-sampleMarket DynamicsThe positive response of the consumers for the adoption of paper bottles all over the world is the key driver for this market.

Because paper bottles are biodegradable and environment friendly, unlike plastic bottles, which are non-biodegradable in nature.

Some improved regulatory reforms referring to restrict plastic use can also be expected to stimulate the paper bottle market.

The Global PET Bottles Market Growing Demand For Packaged And Convenient Foods Fuels Growth

Dhanesha Patil 2024-01-31

Increasing popularity of PET bottles for packaging of milk, juices, carbonated drinks, and other packaged foods and beverages is fueling growth of the PET bottles market. Segment AnalysisThe Global PET Bottles Market Demand is segmented by type into clear bottles and colored bottles. Key TakeawaysThe global PET bottles market is expected to witness high growth over the forecast period of 2024 to 2031. This in turn is driving the growth of PET bottles market in Asia Pacific. Key players related content comprisesKey players operating in the PET bottles market are Reckitt Benckiser Group PLC, Church & Dwight Co.

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