Future Market Insights
Global pharmaceutical plastic pots market: Overview
Pharmaceutical plastic pots find applications in medical clinics, hospitals, and other healthcare facilities, as an efficient tamper evident packaging and storage solution. The preference for pharmaceutical plastic pots is high for packaging cosmetic tablets and powders, as they are required to be manufactured under certified process, thereby scoring high on hygiene. Pharmaceutical plastic pots are customizable and available in a variety of capacities and shapes, which enable them to be used for a wide range of drugs. The special protective design of pharmaceutical plastic pots enable them to be safe for nesting during storage and transportation. Since any packaging solution for the pharmaceutical packaging industry is required to be manufactured under strict guidelines and conditions, pharmaceutical plastic pots are expected to enjoy high preference, over the forecast period. Numerous countries across the globe are increasing their per capita healthcare expenditure, in addition to improving their quality standard. This presents the global pharmaceutical plastic pots market with lucrative opportunities. Due to all these factors, the global pharmaceutical plastic pots market is expected to have a largely positive outlook, over the forecast period.
Global pharmaceutical plastic pots market: Dynamics
The global pharmaceutical plastic pots market is expected to grow on the backdrop of pharmaceutical industry growth, which is currently moving at a sluggish pace. However, the forecast for pharmaceutical spending by country indicates a steady rise in investment by governments, coupled with improvement in quality standards and procedures followed. Furthermore, rising consumer awareness regarding hygienic packaging and storage of drugs has led to increase in demand for packaging solutions such as pharmaceutical plastic pots. In terms of product innovation, some manufacturers produce lids of a particular size, which is able to fit most of the pharmaceutical plastic pots manufactured by them. In addition to serving all the purposes mentioned above, pharmaceutical plastic pots also come in handy when it comes to being child resistant. There have been numerous reports of children mistaking drug tablets for candy, which has led to severe medical cases. The tamper evident property of pharmaceutical plastic pots therefore instils a sense of security among parents. Despite the positive outlook for the forecast period, there are certain factors, which might hamper growth of the global pharmaceutical plastic pots market. For instance - rise in usage of alternative tamper evident drug packaging solutions such as blister packs and pharmaceutical bottles.
Global pharmaceutical plastic pots market: Segmentation
The global pharmaceutical plastic pots market is segmented as -
On the basis of material, the global pharmaceutical plastic pots market is segmented into–
On the basis of capacity, the global pharmaceutical plastic pots market is segmented into –
On the basis of closure, the global pharmaceutical plastic pots market is segmented into –
Global pharmaceutical plastic pots market: Regional Outlook
The global pharmaceutical plastic pots market is divided into seven regions as follows –
The North America region is expected to lead the global pharmaceutical plastic pots market due to higher standards of pharmaceutical packaging. The Asia Pacific region presents lucrative opportunities for growth of the global pharmaceutical plastic pots packaging market. Countries such as India and China are eyeing substantial investment in the pharmaceutical sector. This, coupled with increased sense of hygienic packaging, are some of the key factors expected to fuel growth of the pharmaceutical plastic pots market in the Asia Pacific region (excluding Japan).
Global pharmaceutical plastic pots market: Key Players
Some of the key players operating in the global pharmaceutical plastic pots market are – Victoria Packaging Limited, M & H Plastics and APG Pharma, among others.
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