Published Date : Mar 26, 2018
Albany, New York, March 26, 2018: The presence of several companies has rendered the Spain pharmaceutical bottles market highly fragmented. Several established players in the market have undertaken aggressive selling strategies to remain at the fore, besides effectively catering to requirements of pharmaceutical companies. A report analysing the growth trends exhibited by the Spain pharmaceutical bottles is recently added to the repertoire of MarketResearchReports.biz. It is titled “Pharmaceutical Bottles Market - Spain Industry Analysis Size Share Growth Trends and Forecast 2016 – 2024,” and is available for sale in the company website.
The report is intended at enabling stakeholders gain a comprehensive overview of the Spain pharmaceutical bottles market. The report includes a detailed competitive reports, which studies the most prominent companies in the Spain pharmaceutical bottles market on the basis of company’s revenue, key strategies adopted over the years, and unique selling propositions.
Over the course of the report’s forecast period from 2016 to 2024, the Spain pharmaceutical bottles market is likely to exhibit growth at a positive CAGR. According to the report, the rising use of pharmaceutical bottles in packaging of medicines will boost the market. In addition, the market is expected to benefit significantly gain from the recent advancements in drug delivery formats. Furthermore, the advent of pharmaceutical bottles made from plastics, on account of its abundant availability will bode well for the market in the coming years.
On the downside, the rising use of eco-friendly, biomaterials-based bottles pose threat to the Spain pharmaceutical bottles market. The increasing preference for flexible packaging could also restrict the market’s trajectory to an extent.
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According to the report, the market will significantly benefit from the rising demand for ENT therapeutics. ENT medicines are conventionally available on dropper bottles, which is expected fuel the demand for pharmaceutical bottles. As per the study, pharmaceutical bottles are predominantly used in the packaging of topical medical, oral care products, E-liquids, dropper, and other medicines in liquid products. Therefore, in terms of application the market is likely to witness increasing demand from the oral care products segment. Analysts also predict the segment to exhibit considerable growth in the coming years. Besides this, the market is also expected to witness rising demand from the topical medication segment. Pharmaceutical bottles offer design competence that make dispensing of lotions and semi-solid contents more convenient and less messy. Spurred by this factor, the demand for pharmaceutical bottles is likely to rise significantly in the coming years.
Based on material type, polyethylene terephthalate (PET), polyvinyl chloride (PVC), High-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP) constitute the key segments in the Spain pharmaceutical bottles market. Of these, PET segment is likely register growth at a higher rate through the course of the forecast period. The rising use of PET in the production of pharmaceutical bottles is likely to aid the expansion of this segment. PET has excellent atmosphere barrier properties, which contributes to its rising demand in Spain. Also, the stress-resistance characteristics and durability of PET are likely to fuel its demand in the coming years.
The report also profiles some of the most prominent companies operating in the Spain pharmaceutical bottles market. Some of these companies are Alcion Plasticos, Gerresheimer AG., Maynard and Harris Plastics Ltd, Amcor Limited, Industrias Plasticas Puig, and Pont Europe. The report presents insights into key strategies adopted by the market players are their effect on the trajectory exhibited by the Spain pharmaceutical bottles market.
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