The Packer Bottle market research encompasses an exhaustive analysis of the market outlook, framework, and socio-economic impacts. The report covers the accurate investigation of the market size, share, product footprint, revenue, and progress rate. Driven by primary and secondary researches, the Packer Bottle market study offers reliable and authentic projections regarding the technical jargon.
All the players running in the global Packer Bottle market are elaborated thoroughly in the Packer Bottle market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Packer Bottle market players.
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 2016, the U.S produced 8.8 million barrels of oil per day and is the third largest producer of oil while Canada produced 3.8 million barrels of oil per day, and is the sixth largest producer of oil in the world. With such ease of plastic raw material availability, it offers a cost saving to stakeholders across the value chain. Also, advancement in technology has substantially pushed the demand for bulk plastic raw material at cheaper cost.
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. Moreover, such technological changes have increased the profit margin in the value chain which is benefitting the manufacturer, wholesaler, retailer and also the end user. Subsequently it has resulted in continuous innovation, which has surged the sales for packer bottle manufacturers in the APEJ region.
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. To save costs, manufacturers are considering the blister packaging format for packing generic and OTC drugs, which is significantly impacting the revenue of packer bottles in the U.S.
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. In terms of consumption, the pharmaceutical segment was pegged at 71,113 Mn Units in 2016, which is estimated to showcase an overall growth of 1.8X between 2017 and 2027. Furthermore, sales of packer bottles in the pharmaceutical segment will increase by 93.2% during the forecast period.
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. With a surging demand in the pharmaceutical industry, the demand for tablets and capsules application packer bottles is increasing. On the basis of material type, the plastic material is expected to remain the primary material choice for producing packer bottles due to its excellent chemical barrier properties. Also, one of the highlights in the packer bottle market is the inclination of manufacturers to provide anti-counterfeit packer bottles, which displays authenticity.
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, owing to increasing machinery and product development, which has aided manufacturers to increase the productive output. The market will witness a surging growth for amber coloured glass bottles that have the property of reflecting Ultra Violet rays and thereby increasing the shelf-life of medicines. \”
Objectives of the Packer Bottle Market Study:
To define, describe, and analyze the global Packer Bottle market based on oil type, product type, ship type, and region
To forecast and analyze the Packer Bottle market size (in terms of value and volume) and submarkets in 5 regions, namely, APAC, Europe, North America, Central & South America, and the Middle East & Africa
To forecast and analyze the Packer Bottle market at country-level for each region
To strategically analyze each submarket with respect to individual growth trends and their contribution to the global Packer Bottle market
To analyze opportunities in the market for stakeholders by identifying high growth segments of the global Packer Bottle market
To identify trends and factors driving or inhibiting the growth of the market and submarkets
To analyze competitive developments, such as expansions and new product launches, in the global Packer Bottle market
To strategically profile key market players and comprehensively analyze their growth strategies
The Packer Bottle market research focuses on the market structure and various factors (positive and negative) affecting the growth of the market. The study encloses a precise evaluation of the Packer Bottle market, including growth rate, current scenario, and volume inflation prospects, on the basis of DROT and Porter’s Five Forces analyses. In addition, the Packer Bottle market study provides reliable and authentic projections regarding the technical jargon.