Market Overview:
The global pharmaceutical caps and closures market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for pharmaceuticals, rising awareness about hygiene, and technological advancements in the pharmaceutical industry. The global pharmaceutical caps and closures market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into plastic caps and closures, metal caps and closures rubber or cork caps and closures. On the basis of application,the market is segmented into Pharmaceutical Factory Hospital Other .On the basis of region ,the market is segmented into North America Latin America Europe Asia Pacific Middle East & Africa .
Product Definition:
Pharmaceutical caps and closures are used to seal and protect pharmaceutical products from contamination. They are also used to identify the product, dosage, and other information about the medication. Pharmaceutical caps and closures are important because they help ensure that the product is safe for consumption.
Plastic:
Plastic is a synthetic material, which has been used for making various products such as films and sheets. It can be segmented into two categories, one is thermosetting plastic and the other is thermoplastic. Thermoplastic includes polyester, nylon, polyolefin among others while thermosetting includes rubber & resin based plastics like SBR latex and PVC among others.
Metal:
Metal and its usage in pharmaceutical caps and closures market is driven by factors such as rising demand for biocompatible materials, increasing expenditure on R&D of metal-based drugs, the presence of a stringent regulatory framework for manufacturing & sale of pharmaceutical products. The global metal and its usage in pharmaceutical caps & closures market was valued at USD 652.1 million in 2016 which is anticipated to grow at a CAGR 4.8% over the forecast period.
Application Insights:
The hospital segment dominated the global pharmaceutical caps and closures market in 2017. This can be attributed to a high preference for medical devices and equipment that are sterile, which require tight packaging during transportation and storage. The factory application segment is expected to witness significant growth over the forecast period owing to increasing demand for dry goods such as medicine, tablets, capsules in various countries including India China Indonesia Malaysia Philippines Singapore Thailand Vietnam.
The other application segment includes retail pharmacies or clinics where patients pick their medicines or have them delivered directly to their homes by healthcare professionals such as pharmacists or physicians.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing R&D activities and rising healthcare spending in emerging countries, such as China, India, South Korea & Japan. In addition, growing pharmaceutical industry coupled with government initiatives for improving healthcare infrastructure is also anticipated to drive demand for pharmaceutical products leading to an increase in demand for caps and closures in this region.
Europe accounted for a significant share of revenue due to high product adoption across various industries including food & beverage and pharma sector that resulted into high product consumption within the region. Moreover, presence of stringent regulations regarding waste management by European governments has compelled manufacturers operating within the region or from other regions around the world adopt these practices while manufacturing their products which will further boost market growth over next eight years.
The Middle East & Africa are projectededto grow at a lucrative rate owing to rapid development witnessed by economies such as Saudi Arabia.
Growth Factors:
- Increasing demand for pharmaceuticals due to rising population and health awareness
- Technological advancements in the pharmaceutical industry
- Stringent government regulations for quality and safety of drugs
- Growing preference for self-medication over conventional medication
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Caps and Closures Market Research Report
By Type
Plastic, Metal, Rubber Or Cork
By Application
Pharmaceutical Factory, Hospital, Other
By Companies
Amcor, Caps & Closures, Closure Systems International, Alpha Packaging, Guala Closures, Mocap, Phoenix closures, Reynold, Technocap, WestRock, Amcor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Pharmaceutical Caps and Closures Market Report Segments:
The global Pharmaceutical Caps and Closures market is segmented on the basis of:
Types
Plastic, Metal, Rubber Or Cork
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Factory, Hospital, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amcor
- Caps & Closures
- Closure Systems International
- Alpha Packaging
- Guala Closures
- Mocap
- Phoenix closures
- Reynold
- Technocap
- WestRock
- Amcor
Highlights of The Pharmaceutical Caps and Closures Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic
- Metal
- Rubber Or Cork
- By Application:
- Pharmaceutical Factory
- Hospital
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pharmaceutical Caps and Closures Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pharmaceutical caps and closures are devices used to protect medications from exposure to the environment and from accidental ingestion. They come in a variety of shapes, sizes, and colors, and can be made of plastic or metal. Pharmaceutical caps are typically fitted over the top of a medication bottle or vial, while closures may include tamper-evident seals or safety pins that must be manually removed before the medication can be administered.
Some of the key players operating in the pharmaceutical caps and closures market are Amcor, Caps & Closures, Closure Systems International, Alpha Packaging, Guala Closures, Mocap, Phoenix closures, Reynold, Technocap, WestRock, Amcor.
The pharmaceutical caps and closures market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmaceutical Caps and Closures Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pharmaceutical Caps and Closures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmaceutical Caps and Closures Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pharmaceutical Caps and Closures Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pharmaceutical Caps and Closures Market Size & Forecast, 2018-2028
4.5.1 Pharmaceutical Caps and Closures Market Size and Y-o-Y Growth
4.5.2 Pharmaceutical Caps and Closures Market Absolute $ Opportunity
Chapter 5 Global Pharmaceutical Caps and Closures Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pharmaceutical Caps and Closures Market Size Forecast by Type
5.2.1 Plastic
5.2.2 Metal
5.2.3 Rubber Or Cork
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pharmaceutical Caps and Closures Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pharmaceutical Caps and Closures Market Size Forecast by Applications
6.2.1 Pharmaceutical Factory
6.2.2 Hospital
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmaceutical Caps and Closures Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pharmaceutical Caps and Closures Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pharmaceutical Caps and Closures Analysis and Forecast
9.1 Introduction
9.2 North America Pharmaceutical Caps and Closures Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pharmaceutical Caps and Closures Market Size Forecast by Type
9.6.1 Plastic
9.6.2 Metal
9.6.3 Rubber Or Cork
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pharmaceutical Caps and Closures Market Size Forecast by Applications
9.10.1 Pharmaceutical Factory
9.10.2 Hospital
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pharmaceutical Caps and Closures Analysis and Forecast
10.1 Introduction
10.2 Europe Pharmaceutical Caps and Closures Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pharmaceutical Caps and Closures Market Size Forecast by Type
10.6.1 Plastic
10.6.2 Metal
10.6.3 Rubber Or Cork
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pharmaceutical Caps and Closures Market Size Forecast by Applications
10.10.1 Pharmaceutical Factory
10.10.2 Hospital
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pharmaceutical Caps and Closures Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pharmaceutical Caps and Closures Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pharmaceutical Caps and Closures Market Size Forecast by Type
11.6.1 Plastic
11.6.2 Metal
11.6.3 Rubber Or Cork
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pharmaceutical Caps and Closures Market Size Forecast by Applications
11.10.1 Pharmaceutical Factory
11.10.2 Hospital
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pharmaceutical Caps and Closures Analysis and Forecast
12.1 Introduction
12.2 Latin America Pharmaceutical Caps and Closures Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pharmaceutical Caps and Closures Market Size Forecast by Type
12.6.1 Plastic
12.6.2 Metal
12.6.3 Rubber Or Cork
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pharmaceutical Caps and Closures Market Size Forecast by Applications
12.10.1 Pharmaceutical Factory
12.10.2 Hospital
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pharmaceutical Caps and Closures Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pharmaceutical Caps and Closures Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pharmaceutical Caps and Closures Market Size Forecast by Type
13.6.1 Plastic
13.6.2 Metal
13.6.3 Rubber Or Cork
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pharmaceutical Caps and Closures Market Size Forecast by Applications
13.10.1 Pharmaceutical Factory
13.10.2 Hospital
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pharmaceutical Caps and Closures Market: Competitive Dashboard
14.2 Global Pharmaceutical Caps and Closures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amcor
14.3.2 Caps & Closures
14.3.3 Closure Systems International
14.3.4 Alpha Packaging
14.3.5 Guala Closures
14.3.6 Mocap
14.3.7 Phoenix closures
14.3.8 Reynold
14.3.9 Technocap
14.3.10 WestRock
14.3.11 Amcor
