PACKER PLASTIC BOTTLE SUPPLIERS SIZE, SHARE, DEMAND, FINANCIAL OVERVIEW, KEY DEVELOPMENTS, SWOT ANAL
PACKER PLASTIC BOTTLE SUPPLIERS SIZE, SHARE, DEMAND, FINANCIAL OVERVIEW, KEY DEVELOPMENTS, SWOT ANALYSIS AND FORECAST TO 2023
APRIL 11, 2020 P, PACKER BOTTLE MARKET DEFINITIONS AND OVERVIEW, PACKER BOTTLE MARKET DYNAMICS, PACKER BOTTLE MARKET INDICATORS, PACKER BOTTLE MARKET SEGMENTATION AND SCOPE, PACKER BOTTLE MARKET TRENDS ANALYSIS
The ‘Packer plastic Bottle Market’ research report added , provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.
The Packer plastic Bottle market study is a well-researched report encompassing a detailed analysis of this industry with respect to certain parameters such as the product capacity as well as the overall market remuneration. The report enumerates details about production and consumption patterns in the business as well, in addition to the current scenario of the Packer Bottle market and the trends that will prevail in this industry.
What pointers are covered in the Packer Bottle market research study?
The Packer plastic Bottle market report – Elucidated with regards to the regional landscape of the industry:
The geographical reach of the Packer Bottle market has been meticulously segmented into United States, China, Europe, Japan, Southeast Asia & India, according to the report.
The research enumerates the consumption market share of every region in minute detail, in conjunction with the production market share and revenue.
Also, the report is inclusive of the growth rate that each region is projected to register over the estimated period.
The Packer Bottle market report – Elucidated with regards to the competitive landscape of the industry:
The competitive expanse of this business has been flawlessly categorized into companies such as
manufacturers of plastic 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 plastic bottle 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 Plastic 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 Unit