The Spain market for pharmaceutical bottles
is highly fragmented with a large portion of this market being operated
by a number of international players, small domestic participants, and
unorganized companies. Most of the international players focus
aggressively on selling their products through distributorship in order
to cater to the requirements of the pharmaceutical companies and are
expected to continue this practice over the forthcoming years.
Gerresheimer, Amcor, and Alcion Plasticos are some of the key players
functioning in this market.
As per the estimations, the market for
pharmaceutical bottles in Spain, which was worth US$241.4 mn in 2016, is
likely to progress at a CAGR of 3.80% over the period from 2016 to 2024
and reach a value of US$235 mn by the end of the forecast period. In
terms of shipment volume, the market is likely to touch 1,619 mn units
mark by 2024. Thanks to the rising utilization of PET in the
manufacturing of pharmaceutical bottles, fueled by its atmosphere
barrier properties, the PET segment is likely to remain witnessing a
higher growth than other material type segments over the next few years,
reports the research study.
Oral Care Products to Report Strong Demand for Pharmaceutical Bottles
The report further provides a
comprehensive evaluation of the application areas of pharmaceutical
bottles in Spain. According to the study, pharmaceutical bottles are
predominantly utilized in liquids, E-liquid, droppers, oral care
products, and topical medication in this country. Oral care products,
among all, have been exhibiting a greater demand for pharmaceutical
bottles. It held a share of nearly 36% in the total demand for
pharmaceutical bottles in Spain in 2016. Analysts predict the segment
will demonstrate a significant incremental performance in terms of the
growth rate as well as the market share throughout the forecast period.
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Topical medication, amongst others, is
expected to witness a considerable rise in the years to come due to the
design competence of pharmaceutical bottles that offer a convenient and
less messy dispensing of lotions and semi-solid contents.
Plastic-based Pharmaceutical Bottles to Trend in Spain Pharmaceutical Bottles Market
“The advancements in the drug delivery
formats applicable in the medical and healthcare industry are having the
most prominent influence on the market for pharmaceutical bottles in
Spain,” states the author of the study. Plastic-based pharmaceutical
bottles are the latest trend in the Spain pharmaceutical market. The
availability of relatively cheaper polymers in abundance has brought the
focus of manufacturers towards producing pharmaceutical bottles from
plastic. According to researchers, this trend will shape the future of
this market over the forthcoming years.
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