Easy availability of petroleum based raw material in North America boosting the packer bottle market

Traditionally glass was the only preferred material for pharmaceutical bottles as its offers resistance to chemical contents for pharmaceutical products. But the fragile and heavy-weight characteristics of glass pose a challenge at the time of transporting the products leading to product damage, and ultimately affecting the revenue of the manufacturer. As an alternative solution, manufacturers of glass bottles substituted their raw material to plastic which is light weight and unbreakable, such as High-Density Polyethylene (HDPE), Polyethylene (PP) and other forms of plastic which are comparatively cheaper than glass.

In terms of value, sales of packer bottle is estimated to be valued at over US$ 3,500 Mn in 2017 and is forecast to reach a market valuation in excess of US$ 6,600 Mn by 2027 end, witnessing almost 2X increase in revenue between 2017 and 2027, at a projected CAGR of 6.4%.

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Faster flow of information among manufacturers has resulted in eliminating futile costs in the APEJ region

APEJ pharmaceutical marketing has witnessed a structural change over the last decade with technology and socioeconomic changes playing a leading role in the innovation of pharmaceutical products. Pharmaceutical companies are witnessing the convergence of four key technologies – social media, mobile computing, analytics and cloud computing. These factors have fastened the process of information flow, which has made communicating with users more efficient.

Increasing adoption of blister packaging hampering the growth of the packer bottle market in North America

The last five years have recorded a significant growth in the global supply of generic drugs and Over the Counter (OTC) drugs. In the U.S, more than 100,000 OTC drugs products are projected to have been marketed and sold in convenience stores and pharmacies.

Also, several U.S pharmaceutical companies have been hit by the high manufacturing costs of OTC drugs and medicines, thereby shrinking their spending capacity. This cost is eventually passed on to packaging companies, which are taking the up gradation of packaging standards into consideration to develop packaging solutions that tackle the anti-counterfeit market.

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Global Packer Bottle Market Analysis by End Use

The pharmaceutical end use segment will gain 10 BPS points and is expected to dominate with more than 90% share of the packer bottle market over the forecast period. The pharmaceutical and food and beverage segments are cumulatively estimated to create incremental opportunity of US$ 3,173 Mn, witnessing a growth of 2X between 2017 and 2027.

With a surging demand in the pharmaceutical industry, the packer bottle market is receiving a huge boost

The packer bottle market has witnessed a notable CAGR increase over the last decade due to the easy availability of petrochemical raw material for manufacturing plastic packer bottles. Packer bottles earlier were significantly produced in the regions of North America and Western Europe, and are now gaining sizeable footprints in the Asia Pacific excluding Japan (APEJ) market as well.

The North America and Asia Pacific excluding Japan (APEJ) market for packer bottles is expected to witness the highest growth rate of 2X in terms of value and 1.9X in terms of volume

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