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  • Published In : Feb 2024
  • Code : CMI6442
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

The Global Prescription Bottles Market size was valued at US$ 4.56 Billion in 2024 and is expected to reach US$ 8.13 Billion by 2031, grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

Prescription bottles are plastic or glass containers that are used to store medication prescribed by healthcare professionals. They provide safe and secure storage for pills, tablets, capsules, and liquids while maintaining medication integrity. Rising geriatric population and increasing prevalence of chronic diseases are the key drivers for the prescription bottles market.

The prescription bottles market is segmented into material, cap type, capacity, end use, and region. By material, the market is segmented into plastics, glass, and others. Plastics account for the largest share due to properties like durability, flexibility, and lightweight nature.

Prescription Bottles Market Regional Insights

  • North America is expected to be the largest market for prescription bottles market during the forecast period, accounting for over 42% of the market share in 2024. The growth of the market in North America is due to the well-established pharmaceutical industry and rising adoption of pediatric medications.
  • The Europe market is expected to be the second-largest market for prescription bottles market, accounting for over 23% of the market share in 2024. The growth of the market in Europe is due  to the rapidly expanding generics market and increasing healthcare expenditure.
  • The Asia Pacific market is expected to be the fastest-growing market for prescription bottles market, with a CAGR of over 15% during the forecast period. The growth of the market in Asia Pacific is due to rising aging population and growing demand for child-resistant packaging.

Figure 1. Global Prescription Bottles Market Share (%), By Region, 2024

PRESCRIPTION BOTTLES MARKET

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Prescription Bottles Market Drivers:

  • Growth in pharmaceutical industry: Global pharmaceutical industry has witnessed steady growth over the past decade driven by rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, and growth in emerging markets. The industry is expected to continue its growth trajectory driven by new drug launches, rising demand for biologics and biosimilars, and increasing access to healthcare globally. This presents significant opportunities for players in the prescription bottles market to cater to the increasing demand from pharmaceutical companies for secure and effective drug packaging solutions like prescription bottles. The expansion of the global pharmaceutical industry, fueled by robust pipeline drugs and increasing healthcare spending, will drive the growth of the prescription bottles market. For instances, according to the press release of theglobal pharmaceuticals. The market is driven by the expanding pharmaceutical industry and the development of novel products in the pharmaceutical sector, thus leading to a need for enhanced packaging solutions.
  • Increasing demand for child resistant packaging: There has been increasing consumer demand for child resistant packaging solutions for prescription medications in order to prevent risk of accidental ingestion by children. Regulatory authorities in developed regions like North America and Europe have implemented strict norms and standards pertaining to child resistant packaging for pharmaceuticals and drugs. This has compelled drug manufacturers and pharmacies to adopt highly effective child resistant prescription bottles and closures. The prescription bottles market is driven significantly by growing awareness on child safety and the ensuing increase in adoption of child resistant packaging for prescribed drugs and medications containing narcotics or hazardous substances.
  • Rise in veterinary medications: Global veterinary healthcare and medications market has witnessed exponential growth driven by increasing focus on pet health, rising companion animal population, and easy availability of over-the-counter (OTC) drugs. There has been increasing development and usage of prescription medications for animals and pets leading to higher adoption of prescription bottles and vials for secure storage and dispensing by veterinary clinics, stores, and online pharmacies. The rise in veterinary medications provides positive prospects to vendors operating in the prescription bottles market.
  • Growth of online pharmacies: Global online pharmacy market has witnessed stupendous growth in the past 2 years driven by increase in internet penetration, doorstep delivery, availability of drugs at discounted prices, and convenience. Leading e-commerce giants have ventured into online pharmaceutical retail worldwide. Online pharmacies largely rely on secure packaging solutions like prescription bottles to safely deliver medicines to customers. The boom in online pharmacies globally has presented lucrative growth opportunities for manufacturers of prescription bottles.

Prescription Bottles Market Opportunities:

  • Innovative packaging solutions: Companies in the prescription bottles market have immense opportunities to develop innovative packaging solutions to effectively store and dispense different forms of drugs. For instance of 2022  manufacturers can develop prescription bottles with desiccant systems for moisture sensitive drugs, light blocking bottles for photosensitive medications, dropper/liquid dispensing bottles for liquid formulations, and multi-compartment compliance packaging. Innovations also include integration of smart technology for improved patient compliance. Development of value-added features provides competitive edge to companies.
  • Recyclable and sustainable materials: Sustainability is an indispensable trend in the pharmaceutical packaging industry. Consumers and regulators are increasingly demanding eco-friendly and recyclable packaging solutions. Prescription bottle companies have immense prospects in leveraging recyclable materials like polyethylene terephthalate (PET), HDPE, and polypropylene  PP  to manufacture bottles with low carbon footprint. Further, bottles made by using post-consumer recycled content addresses the circular economy goals. Pharmaceutical companies also prefer sustainable packaging solutions for their brand enhancement.
  • Market consolidation: The competitive prescription bottles market is fragmented with presence of large number of regional and local players. Established companies have opportunities to consolidate their position through strategic mergers and acquisitions of niche manufacturers. Acquisition of smaller companies provides access to new capabilities, assets, technologies, and widens geographical presence. Market consolidation also gives significant first-mover advantage to acquire companies in high-growth regions.
  • Emerging markets: Developing economies like China, India, Brazil, Mexico, and Indonesia present huge untapped opportunities for prescription bottle manufacturers due to rapidly expanding pharmaceutical and generics markets, increasing healthcare infrastructure, rising consumer health awareness, and gradual shift from traditional packaging. Companies expanding their manufacturing and distribution footprints in these high-potential markets can gain remarkably by tapping the future growth avenues.

Prescription Bottles Market Report Coverage

Report Coverage Details
Base Year: 2023 Market Size in 2024: US$ 4.56 Bn
Historical Data for: 2019 to 2023 Forecast Period: 2024 - 2031
Forecast Period 2024 to 2031 CAGR: 8.6% 2031 Value Projection: US$ 8.13 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa:  GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:
  • By Material Type: Plastics, Glass, Others
  • By Cap Type: Screw Cap, Push On Cap, Child Resistant Cap, Others
  • By Capacity: Less than 10 ml, 10 - 30 ml, 31 - 60 ml, 61 - 100 ml, 100 ml & Above
  • By End-Use: Pharmaceutical Companies, Compounding Pharmacies, Veterinary, Nutraceutical Manufacturers, Others
Companies covered:

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

Growth Drivers:
  • Growth in pharmaceutical industry
  • Increasing demand for child resistant packaging
  • Rise in veterinary medications
  • Growth of online pharmacies
Restraints & Challenges:
  • Fluctuating raw material prices
  • Stringent government regulations
  • Availability of alternatives like blister packs

Prescription Bottles Market Trends:

  • Growth in pharmaceutical industry: Global pharmaceutical industry has witnessed steady growth over the past decade driven by rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, and growth in emerging markets. The industry is expected to continue its growth trajectory driven by new drug launches, rising demand for biologics and biosimilars, and increasing access to healthcare globally. This presents significant opportunities for players in the prescription bottles market to cater to the increasing demand from pharmaceutical companies for secure and effective drug packaging solutions like prescription bottles. The expansion of the global pharmaceutical industry, fueled by robust pipeline drugs and increasing healthcare spending, will drive the growth of the prescription bottles market. For instances, according to the press release of theglobal pharmaceuticals. The market is driven by the expanding pharmaceutical industry and the development of novel products in the pharmaceutical sector, thus leading to a need for enhanced packaging solutions.
  • Increasing demand for child resistant packaging: There has been increasing consumer demand for child resistant packaging solutions for prescription medications in order to prevent risk of accidental ingestion by children. Regulatory authorities in developed regions like North America and Europe have implemented strict norms and standards pertaining to child resistant packaging for pharmaceuticals and drugs. This has compelled drug manufacturers and pharmacies to adopt highly effective child resistant prescription bottles and closures. The prescription bottles market is driven significantly by growing awareness on child safety and the ensuing increase in adoption of child resistant packaging for prescribed drugs and medications containing narcotics or hazardous substances.
  • Rise in veterinary medications: Global veterinary healthcare and medications market has witnessed exponential growth driven by increasing focus on pet health, rising companion animal population, and easy availability of over-the-counter (OTC) drugs. There has been increasing development and usage of prescription medications for animals and pets leading to higher adoption of prescription bottles and vials for secure storage and dispensing by veterinary clinics, stores, and online pharmacies. The rise in veterinary medications provides positive prospects to vendors operating in the prescription bottles market.
  • Growth of online pharmacies: Global online pharmacy market has witnessed stupendous growth in the past 2 years driven by increase in internet penetration, doorstep delivery, availability of drugs at discounted prices, and convenience. Leading e-commerce giants have ventured into online pharmaceutical retail worldwide. Online pharmacies largely rely on secure packaging solutions like prescription bottles to safely deliver medicines to customers. The boom in online pharmacies globally has presented lucrative growth opportunities for manufacturers of prescription bottles.

Prescription Bottles Market Opportunities:

  • Innovative packaging solutions: Companies in the prescription bottles market have immense opportunities to develop innovative packaging solutions to effectively store and dispense different forms of drugs. For instance of 2022  manufacturers can develop prescription bottles with desiccant systems for moisture sensitive drugs, light blocking bottles for photosensitive medications, dropper/liquid dispensing bottles for liquid formulations, and multi-compartment compliance packaging. Innovations also include integration of smart technology for improved patient compliance. Development of value-added features provides competitive edge to companies.
  • Recyclable and sustainable materials: Sustainability is an indispensable trend in the pharmaceutical packaging industry. Consumers and regulators are increasingly demanding eco-friendly and recyclable packaging solutions. Prescription bottle companies have immense prospects in leveraging recyclable materials like polyethylene terephthalate (PET), HDPE, and polypropylene  PP  to manufacture bottles with low carbon footprint. Further, bottles made by using post-consumer recycled content addresses the circular economy goals. Pharmaceutical companies also prefer sustainable packaging solutions for their brand enhancement.
  • Market consolidation: The competitive prescription bottles market is fragmented with presence of large number of regional and local players. Established companies have opportunities to consolidate their position through strategic mergers and acquisitions of niche manufacturers. Acquisition of smaller companies provides access to new capabilities, assets, technologies, and widens geographical presence. Market consolidation also gives significant first-mover advantage to acquire companies in high-growth regions.
  • Emerging markets: Developing economies like China, India, Brazil, Mexico, and Indonesia present huge untapped opportunities for prescription bottle manufacturers due to rapidly expanding pharmaceutical and generics markets, increasing healthcare infrastructure, rising consumer health awareness, and gradual shift from traditional packaging. Companies expanding their manufacturing and distribution footprints in these high-potential markets can gain remarkably by tapping the future 

Recent Developments

New product launches

  • In January 2022,  Origin Pharma Private Limited is a Non-govt company, incorporated on 31 Aug, 2006. Origin Pharma Packaging launched a new range of prescription bottles made using post-consumer recycled resin. The eco-friendly bottles help in reducing carbon footprint.
  • In November 2021, Gerresheimer AG is a German manufacturer of primary packaging products for medication and drug delivery devices made of special-purpose glass and plastics. Gerresheimer AG launched the Gx RTF ClearJect®, a ready-to-fill polymer syringe that is designed for biologics and sensitive drug molecules. It improves patient safety and convenience.
  • In June 2022, Aptar Pharma is a trusted partner to many pharmaceutical companies to bring drug delivery solutions to market quickly and efficiently.  Aptar Pharma launched its ophthalmic squeeze dispenser, featuring an integrated dropper bulb for accurate dosing of eye drops. It enhances patient compliance and experience.

Acquisition and partnerships

  • In January 2022, Schott AG is a German multinational glass company specializing in the manufacture of glass and glass-ceramics. SCHOTT partnered with  Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France. Sanofi to establish a new pharmaceutical glass tubing production facility in China. The JV expands production capacities in the region.
  • In June 2021, Origin Pharma acquired 100% equity stake in Avalon Laboratories, a key market player in the Malaysian pharma packaging market. The acquisition expands Origin's footprint in Asia.
  • In May 2022,   Pretium Packaging are plastic bottle manufacturers supplying high-quality plastic bottles and plastic jars made of PET, HDPE, PP. Pretium Packaging acquired Custom-Pak Products, a blow molder of bottles and jars used for nutritional, pharmaceutical, and personal care products. The move expands Pretium Packaging's capabilities.

Figure 2. Global Prescription Bottles Market Share (%), By Cap Type, 2023

PRESCRIPTION BOTTLES MARKET

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Top companies in Prescription Bottles Market

  • Berry Global
  • Amcor
  • Gerresheimer
  • AptarGroup
  • Berk
  • Comar
  • RPC Group
  • Alpha Packaging
  • Pretium Packaging
  • Silgan Holdings
  • Origin Pharma Packaging
  • Vidchem pty ltd
  • Mold-Rite Plastics
  • Weener Plastics Group
  • Bormioli Rocco Pharma
  • Pacific Packaging Components
  • PCC Exol
  • SHL Group
  • Berk Company
  • Winfield Laboratories

Definition: The Prescription Bottles Market refers to the global market for plastic or glass bottles and containers that are used for storing and dispensing medications prescribed by healthcare professionals. Prescription bottles provide safe and secure storage for pills, tablets, capsules, and liquids while maintaining medication integrity.

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Frequently Asked Questions

Sustainability concerns with polyvinyl chloride (PVC) and glass, availability of alternative packaging, and high manufacturing costs are the key factors hampering growth of the prescription bottles market.

Growth in pharmaceutical industry, increasing demand for child resistant packaging, rise in veterinary medications, and growth of online pharmacies are the major factors driving the prescription bottles market growth.

The leading cap type segment in the  prescription bottles market is the screw cap.

The major players operating in the prescription bottles market are Berry Global, Amcor, Gerresheimer,  AptarGroup,  O.Berk, Comar, RPC Group,  Alpha Packaging, Pretium Packaging,  Weener Plastics Group, Bormioli Rocco Pharma, Pacific Packaging Components, PCC Exol, SHL Group, O.Berk Company, Winfield Laboratories, Silgan Holdings, Origin Pharma Packaging, Vidchem pty ltd, and Mold-Rite Plastics,

North America leads the prescription bottles market.

The CAGR of prescription bottles market is 8.6%.

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