The market for dosage cups saw consistent growth, with global revenues increasing by 4.6% over the previous year. Sales of dose cups are expected to reach US$3.3 billion between 2021 and 2031, according to Future Market Insights (FMI). Over the course of the assessment period, the market is expected to increase at a 5.0% CAGR.
The global consumption of dosage cups is anticipated to reach 45.2 billion units in 2021, up 4.4% year over year (YoY). According to estimates, demand in the US market will grow by 3.7% annually in 2021, outpacing sales of US$ 429.5 Mn.
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Competitive Landscape
Key players engaged in manufacturing dosage cups are focusing on increasing their production capacity by expanding their manufacturing facilities to meet the rising demand. Also, the dosage cups manufacturers are trying to increase their global footprint through merger & acquisitions with local players.
For instance,
- In July 2021, H&T Manufacturing Ltd. announced the acquisition of Novelex AG, a manufacturer of plastic components and devices for the pharmaceuticals industry.
- In June 2020, Comar LLC expanded its footprint in East Coast by building a new plant, which will help in expanding their capacity.
Key Companies Profiled
- Sonoco Products Company
- Origin Pharma Packaging
- Comar LLC
- Adelphi Healthcare Packaging
- SGH Healthcaring
- Gerresheimer AG
- Hammarplast Medical AB
- Medline Industries, Inc.
- Plastic Bubbles
- Hiwalt (Pty) Ltd.
- H&T Presspart Manufacturing Ltd.
- LLC Farmmash
How Will Market Gain From Increasing Sales of Over-the-Counter Drugs?
Increasing sales of over-the-counter drugs is expected to fuel the demand for dosage cups. According to the Consumer Healthcare Products Association (CHPA), retail sales of over-the-counter medicine accounted for around US$ 36.5 billion in 2020. This indicates positive growth prospects for the dosage cups market.
Rising demand for cost-effective solutions offering greater accuracy in drug delivery will fuel the demand for dosage cups in the coming years. They are often sold alongside over-the-counter drugs to ensure precise dispensing of medicines.
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Dosage Cups Market Outlook for 2016–2020 Compared to 2021–2031 Forecast
The market for dose cups is being driven by an increase in end-user demand for precise measuring tools. In contrast to the 3.8% CAGR seen from 2015 to 2020, the global market is predicted to grow at a rate of 5.0% between 2021 and 2031.
To quantify the dosage of a drug or prescription to be given to a patient, dosage cups are employed. They are widely utilised in healthcare facilities like hospitals, clinics, and homes.
Dosage Cups Market by Category
By Capacity:
- Upto 15ml
- 16ml to 35ml
- Above 35ml
By Product Type:
- Reusable
- Disposable
By Printing:
- Printed
- Non-printed
- Embossed
By End-Users:
- Hospitals
- Clinical Labs
- Medical Institutions
- Households
- Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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