Pharmaceutical Caps And Closures Market Registered Growth Rate Of 9.57% YoY In 2021, Developing Child Resistant And Tamper Evident Packaging To Drive Market Growth – Technavio – Yahoo Finance | Region & Cash

NEW YORK, July 26, 2022 /PRNewswire/ — The pharmaceutical caps and closures market is expected to continue growing $3.56 billion from 2020 to 2025, progressive at a CAGR of 11.59% according to the latest market report from Technavio. The pharmaceutical caps and closures market is fragmented and vendors employ various organic and inorganic growth strategies to compete in the market. Pharmaceutical Caps & Closures Market report provides information about several market vendors including Amcor Plc, Berry Global Group Inc., Caps & Closures Pty Ltd., Closure Systems International Inc., O.Berk Co. LLC, Phoenix Closures Inc., Rochling SE and Co. KG, Saudi Basic Industries Corp., Silgan Holdings Inc. and Tecnocap SpA.

Technavio has announced its latest market research report titled Pharmaceutical Caps and Closures Market by Material and Geography – Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Pharmaceutical Caps and Closures Market by Material and Geography – Forecast and Analysis 2021-2025

Information about the provider offers – Request a sample now!

Pharmaceutical Caps and Closures Market: Market Dynamics

  • Drivers: The key factor driving growth in the pharmaceutical caps and closures market is the development of child resistant and tamper resistant packaging. Child-resistant packaging is packaging with safety caps or closures. It reduces the risk of children ingesting hazardous materials. Child-resistant packaging is required by regulations for prescription and over-the-counter medications for both adults and children.

  • Challenges: The risks associated with the biodegradability and carcinogenicity of plastics will pose a major challenge for the pharmaceutical caps and closures market during the forecast period. Pharmaceutical packaging relies heavily on the use of plastics such as polyethylene, polypropylene, polyolefin, poly(vinyl chloride), and polyethylene terephthalate. However, there are some concerns about the use of plastics for pharmaceutical packaging, particularly regarding the biodegradability and carcinogenicity of the material.

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Pharmaceutical Caps and Closures Market: Segmentation Analysis

The pharmaceutical caps and closures market is segmented by material (plastic, metal and rubber or cork) and geography (North America, EuropeAPAC, South Americaand MEA).

  • Material Landscape – The market share growth of pharmaceutical caps and closures by the plastic segment will be important for revenue generation. This segment is expected to be the fastest growing segment during the forecast period as most manufacturing companies prefer plastic packaging over metal and glass due to its lightweight and durable properties. One of the reasons behind the growth of the market is the increasing global demand for polyethylene terephthalate (PET) containers, which leads to a demand for plastic caps and closures. Demand for plastic containers is increasing across a wide range of industries, including healthcare and food and beverage. Additionally, the compatibility of plastic caps with other packaging materials such as glass jars and gable top boxes is fueling the demand for plastic in this market.

  • geography landscape – 32% of market growth comes from North America during the forecast period. The US and Canada are the key markets for pharmaceutical caps and closures in North America. However, the market growth rate in this region will be slower than the market growth in Europe, APAC and MEA regions. The growing value of pharmaceutical exports from the US, rising healthcare spending and increasing aging population will ease the pharmaceutical caps and closures of market growth in North America during the forecast period.

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Get ready to achieve great business results with this exclusive offer Pharmaceutical Caps and Closures Market Report by Technavio. The report will include highlights of the overall market including FAQs such as:

  • What are historical sales figures and estimated sales figures and CAGR during the forecast period?

  • What is the current trend in the market?

  • Which business tactics will influence competitive scenarios and define the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting the demand and growth of the market?

  • Which regions and segments will generate massive sales and become market leaders in the coming years?

The competitive scenario in the Pharmaceutical Caps and Closures Market report analyses, evaluates and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies in recent years, growth strategies, product innovation, new product launches, investments, market share growth, etc. Don’t wait, strategize and increase your business goals with our Pharmaceutical market forecast report Caps and Closures – Buy now!

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  • That metal can market The market share is projected to increase to USD 7.59 billion from 2021 to 2026 and the growth momentum of the market is set to accelerate at a CAGR of 2.64%.

Market Scope for Pharmaceutical Caps and Closures

report coverage

details

page number

120

base year

2020

forecast period

2021-2025

Growth Dynamics & CAGR

Accelerate with a CAGR of 11.59%

Market growth 2021-2025

$3.56 billion

market structure

fragmented

YoY Growth (%)

9.57

Regional Analysis

North America, Europe, APAC, South America and MEA

make a market contribution

North America at 32%

Important consumer countries

USA, China, Canada, Germany and Great Britain

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Amcor Plc, Berry Global Group Inc., Caps & Closures Pty Ltd., Closure Systems International Inc., O.Berk Co. LLC, Phoenix Closures Inc., Rochling SE & Co. KG, Saudi Basic Industries Corp., Silgan Holdings Inc and Tecnocap SpA

market dynamics

Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market Condition Analysis for Forecast Period,

customization area

If our report does not contain the data you are looking for, you can contact our analysts and get custom segments.

Table of Contents

summary

market landscape

  • market ecosystem

  • Analysis of the value chain

market size

Five Forces Analysis

Market segmentation by material

  • market segments

  • Comparison by material

  • Plastic – Market Size and Forecast 2020-2025

  • Metal – Market size and forecast 2020-2025

  • Rubber or Cork – Market Size and Forecast 2020-2025

  • Market Opportunity by Material

customer landscape

geographic landscape

  • Geographic Segmentation

  • Geographical comparison

  • North America – Market Size and Forecast 2020-2025

  • Europe – Market Size and Forecast 2020-2025

  • APAC – Market Size and Forecast 2020-2025

  • South America – Market Size and Forecast 2020-2025

  • MEA – Market Size and Forecast 2020-2025

  • Important Leading Countries

  • Market Opportunities by Geography

  • market leader

  • market challenges

  • market trends

provider landscape

  • provider landscape

  • disturbance of the landscape

Vendor Analysis

  • providers covered

  • Market positioning of providers

  • Amcor Plc

  • Berry Global Group Inc.

  • Caps & Closures Pty Ltd.

  • Closure Systems International Inc.

  • O. Berk Co. LLC

  • Phoenix Closures Inc.

  • Röchling SE and Co. KG

  • Saudi Basic Industries Corp.

  • Silgan Holdings Inc.

  • Tecnocap SpA

Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

decision

decision

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SOURCE Technavio

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