According to the latest market report published by Future Market Insights titled “HDPE Bottles Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” the pharmaceutical industry is projected to grow at the highest CAGR as compared to other end-user industries for HDPE bottles. Globally, the revenue generated from sales of HDPE bottles has been estimated to be around US$ 49.6 Bn in 2018 and is projected to increase at a CAGR of 3.1%, during the forecast period 2018-2028.
The global pharmaceutical industry is expected to experience peak growth during the forecast period. The pharmaceutical packaging industry is projected to achieve US$ 70 Bn of global market value in 2018. The increased healthcare expenditure and stringent rules for packaging of pharmaceutical products are some of the key drivers in the growth of the pharmaceutical packaging industry. The need for high barrier and cost-effective packaging propels the use of HDPE bottles in pharmaceutical packaging.
United States, China, Germany, France, and India are the key markets for HDPE bottles due to their improved pharmaceutical industries. HDPE bottles act as an alternative for glass and metal containers due to their high chemical properties and cost-effectiveness. The demand for less than 30 ml and up to 100 ml bottles is growing due to the adoption of HDPE bottles by the pharmaceutical industry. The stringent regulations by food and drugs authorities in prominent countries are helping to boost the demand for HDPE bottles in the food & beverages industry & healthcare industry. The use of blow-fill-seal machines for manufacturing of aseptic containers facilitates the use of HDPE bottles in pharmaceutical industries. Due to the moisture permeability and closure systems of HDPE bottles, they are used as primary packaging containers for moisture sensitive medicines. HDPE bottles are ideal for high-speed filling, demanding pharmaceutical packaging conditions, and the rough handling of regional shipping.
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In the global HDPE bottles market, the home care & toiletries, and personal care & cosmetics end-user segments are projected to account for more than 40% of cumulative market share in 2018. The packaging of health care products such as supplements, nutrition products, and vitamins is generally done in HDPE bottles. The key players in ointment manufacturing also use the HDPE bottles for packaging and switching to HDPE bottles from glass bottles. As compared to North America, Western Europe is mostly using the HDPE bottles for packaging of capsules or tablets instead of blisters. The increased applications of HDPE bottles for capsules & tablets packaging will enable the Western Europe HDPE bottles market to grow. The development of child-resistant HDPE bottles and closures is trending among the key manufacturers of pharmaceutical packaging products, due to which the demand for HDPE bottles has increased for regulated medicine packaging. Oval, square, and round-shaped HDPE bottles are a popular packaging format for medicines. By considering the cap type of the HDPE bottles, the screw cap segment is estimated to be highly preferred format after the dropper cap in the pharmaceutical industry.
The market volume for global HDPE bottles is expected to expand at 0.8X over the forecast period, 2018-2028.
Detailed profiles of companies are also included in the HDPE bottles market report to evaluate their strategies, key product offerings, and recent developments. The key players in the global HDPE bottles market are Gerresheimer AG, Berry Global Group Inc., Silgan Plastic Closure Solutions, O Berk Company LLC, Amcor Limited, CL Smith, RPC Group Plc, Graham Packaging, Nampak Ltd, and ALPLA Werke Alwin Lehner GmbH & Co KG. Some of the important end-users for HDPE bottles are Colgate-Palmolive, Procter & Gamble, Unilever, L’Oréal Groupe, and Johnson & Johnson.
We have discussed individual strategies followed by detailed company profiles in terms of enhancing their product portfolio, creating new marketing techniques, as well as mergers and acquisitions in the global HDPE bottles market report. The ‘Competitive Landscape’ section is included to provide report audiences with a dashboard view and company share collectively.
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