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| 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
Read More,
https://www.insightprobing.com/prescription-bottles-market-trends-size-and-share-analysis/
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