In its new “Pharmaceutical Bottles—Global Market Outlook (2017-2023),” Stratistics Market Research Consulting is bullish on the future of bottles. Behind the optimism, says the report, are the following factors: “Availability of more number of cheaper polymers, increasing demand for pharmaceutical bottles in oral care, [and the] use of pharmaceutical bottles, which are manufactured with plastic.
“Polyethylene terephthalate (PET) is widely used because of its fixed atmosphere barrier properties and stress-resisting characteristics which is leading the market,” the report notes. “Due to the flexibility of pharmaceutical bottles which handle semi-solid contents and lotions comfortably [the] topical medication segment has acquired [the] highest growth rate. Europe has acquired the highest market share and the growth is owed to the improvements made in drug delivery formats.”
