The global prescription bottles market is expected to witness robust growth, with a projected CAGR of ~6.0% from 2021 to 2031, according to Future Market Insights (FMI). This upsurge is attributed to several key factors.
Sustainable Packaging and Patient Convenience Drive Market Growth:
- Sustainable Packaging Solutions: Growing emphasis on research and development in sustainable packaging solutions is a major driver.
- Enhanced Convenience: The shift towards packaging that prioritizes ease and convenience in handling medication is fueling market growth.
- Reduced Medication Errors: Prescription bottles with clear labeling and written instructions can help minimize medication errors, a critical factor influencing market expansion.
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Market Advantages of Prescription Bottles:
- Versatility: Prescription bottles come in various shapes (square, rectangular, oval) and colors (amber, green, blue) to optimize medication protection and handling.
- Light Protection: Darker colored bottles shield medication from sunlight, preserving its efficacy.
- Clear Labeling: Prescription bottles typically have detailed information about the medication, dosage, and frequency printed directly on the bottle, promoting patient adherence.
- Patient Convenience: Attached lids and writable note sections on bottles allow for easier pill dispensing and medication tracking, enhancing patient convenience.
Prescription Bottles vs. Medicine Strips:
Prescription bottles offer distinct advantages over traditional medicine strips:
- Pre-attached information: Bottles have crucial details readily available on the container, eliminating the need for frequent reference to prescriptions.
- Improved Organization: Bottles provide a central location for medication storage, promoting better organization compared to loose strips.
- Enhanced Safety: Child-resistant lids on prescription bottles ensure medication safety, especially in households with young children.
Key Takeaways:
- The global prescription bottles market is projected to grow at a value CAGR of around 6.0% from 2021 to 2031.
- Prescription bottles provide better medication handling and protection against weather conditions compared to medicine strips.
- Dark-colored prescription bottles offer increased protection against photochemical reactions.
- Attached lids and writable notepaper on prescription bottles enable easy access to medication and allow patients to note timings and frequencies of intake.
- Prescription bottles are preferred over medicine strips for their convenience and the already attached medication information, reducing the need for separate prescription papers.
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Competitive Landscape
The following global key players such as
- Amcor Plc
- Berry Plastics Group Inc.
- Gerresheimer AG
- Aptar Group Inc.
- Comar LLC
- Bormioli Pharma Spa
- Plastipak Holdings Inc.
- Origin Pharma Packaging
- C.L. Smith Company
- Clarke Container Inc.
- and Drug Plastics Group.
Key Asian players manufacturing prescription bottles are National Bottle House, Keepet Containers, Raja Tradelinks Private Ltd., Hindustan Products, Ningbo Suncity, Whea-Stone Co., Ltd., and Neutroplast.
What are the Key Opportunities for Prescription Bottles Market?
The majority of the manufacturers have shifted their aim towards the sustainable manufacturing of the product. Therefore, the enhanced use of the paper while manufacturing the prescription bottles can be practiced by the manufacturers which can be easily decomposed with no risk of creating pollution of toxic waste as it eliminates the use of plastic and toxic chemicals and dyes during the manufacturing process for the paper prescription bottles.
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Key Segments of Prescription Bottles Market Covered in the Report
Based on the Material:
- Glass
- Plastic
- Paper
Based on the Shape/design:
- Square
- Rectangular
- Oval
- Cylindrical
Based on the Capacity:
- Below 100 ml
- 100 ml to 250 ml
- Above 250 ml
Based on the Application:
- Tablets
- Capsules
- Powders/Granules
- Others (Semi-solid medications, etc.)
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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