6 Key Projections on Future of Plastic Jars in Pharmaceuticals Industry

 

Overview:

Pharmacies use a variety of pharmaceuticals plastic jars for storing, transporting, and dispensing their medicines. These jars are lightweight and are easy to handle. In addition, manufacturers are choosing to use plastic bottles for their products because of the low cost, variety of designs, and various innovations. Furthermore, manufacturers are mindful of the environmental issues and the harmful effects of their products, and they follow government regulations when making plastic bottles.

To Get Complete Industry Insights, Grab Sample PDF Copy Here: https://bit.ly/3Cx3Ryr

Market Drivers:

Growing pharmaceutical industry all over the world along with rising demand for blister packaging is anticipated to boost growth of the global and Japan plastic jars in pharmaceuticals market over the forecast period. As per the Department of Pharmaceuticals, India, the complete annual turnover of pharmaceuticals for the year 2019-2020 was Rs. 2,89,998 crore.

Moreover, rise in cases of chronic diseases along with increasing healthcare expenditure is also expected to augment growth of the global and Japan plastic jars in pharmaceuticals market over the forecast period. 

Market Restraints:

Rise in environmental concerns about use of plastics and use of refurbished equipment to manufacture these jars is likely to hamper growth of the global and Japan plastic jars in pharmaceuticals market. 

Regional Insights:

North America among regions is anticipated to witness strong growth in the global and Japan plastic jars in pharmaceuticals market over the forecast period. This is due to constant increase in consumption and industrial applications of bottles and containers made from plastic in this region. 

Moreover, Asia Pacific is also expected to witness substantial growth in the global and Japan plastic jars in pharmaceuticals market over the forecast period. This is due to increasing purchasing power and changing lifestyle in the region. 

Key Players:

Major players active in the global and Japan plastic jars in Pharmaceuticals market are Thornton Plastics, Alpha Packaging, Neville and More, Cospak, Taral Plastics, Gepack, Silgan Holdings, Amcor, Pretium Packaging, Berry Global, Tim Plastics, Gerresheimer, All American Containers, and RPC M&H Plastics.

In October 2021, DyPont, launched its DuPont Liveo Pharma Bottle Closures, a one-piece silicone stoppers and tubings created using biomedical-grade silicone elastomers.