Market Overview:
The global prescription pharmacy bag 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 prescription pharmacy bags from pharmacies, hospitals, clinics, and other end-users. In addition, the growing awareness about hygiene and environmental protection is also driving the demand for prescription pharmacy bags globally. On the basis of type, paper bags are expected to dominate the global prescription pharmacy bag market during the forecast period owing to their low cost as compared to plastic bags and biodegradability.
Product Definition:
A prescription pharmacy bag is a bag that pharmacists use to store and transport prescriptions. The bag typically has several compartments for different types of prescriptions, as well as a space for the pharmacist's name and contact information. The importance of a prescription pharmacy bag is that it helps to ensure that prescriptions are properly stored and transported.
Paper:
Paper is a material made from cellulose fibers that are extracted from natural sources such as wood and cotton. Paper is available in various grades, including coated unbleached Kraft paper, white line chipboard (WLC), bleached sulfate WPC, and low-density polyethylene (LDPE). The grade of paper used depends on the intended application.
Plastic:
Plastic is a widely used material for the packaging of prescription and over-the-counter medicines. It offers several advantages such as it can be easily sterilized, it does not react with medicines, and provides excellent protection from moisture. The global plastic & its usage in prescription pharmacy bag market is expected to grow at a lucrative rate during the forecast period owing to these advantages associated with it.
Application Insights:
Based on application, the global prescription pharmacy bag market is segmented into pharmacies, hospitals, clinics and others. The clinics segment dominated the overall industry in terms of revenue in 2017. This can be attributed to a high prevalence of chronic diseases such as cardiovascular diseases, cancer and diabetes that require regular medication for treatment which boosts demand for clinical bags among clinics. In addition, an increasing number of walk-in centers/urgent care centers has boosted demand for clinical applications across the globe.
The hospital application segment is expected to witness significant growth over the forecast period owing to rising cases of infectious diseases such as tuberculosis (TB) and HIV that require specific drugs by name from a pharmacist or doctor's prescription which drives demand for hospital bags among other uses like medical lab & X-ray films inside them. These factors are anticipated to boost hospital based applications over the forecast period globally thereby impacting product sales positively during this time frame.
Regional Analysis:
North America dominated the global prescription pharmacy bag market in 2017. The growth is majorly attributed to the high adoption of technologically advanced systems and solutions, increasing demand for refills, and rising need for on-site medication management. In addition, growing number of retail pharmacies in this region is expected to drive the market further.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and economic development in countries such as China & India which are amongst top 10 dispensing nations globally. Moreover, rapidly expanding retail network of international players coupled with favorable government initiatives aimed at reducing out-of-pocket expenditure by providing free medicines will boost industry expansion over next few years.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for around 63% of all deaths worldwide. This number is expected to increase to over 70% by 2030. Thus, there is a growing demand for prescription drugs and pharmacy bags to store and carry these drugs safely and securely.
- Rising healthcare expenditure: Healthcare expenditure has been on the rise globally in recent years due to increased awareness about health issues, rising income levels, and aging populations. In 2017, global healthcare spending was estimated at trillion, according to a study by Deloitte Touche Tohmatsu Limited (Deloitte). This number is projected to grow at a CAGR of 6% between 2018 and 2022, reaching trillion in 2022. This will create significant opportunities for players in the prescription pharmacy bag market as hospitals and pharmacies will need more bags/containers to store drugs safely and securely.
Scope Of The Report
Report Attributes
Report Details
Report Title
Prescription Pharmacy Bag Market Research Report
By Type
Paper, Plastic
By Application
Pharmacies, Hospitals, Clinics, Others
By Companies
Novolex, Big Valley Packaging, Gilchrist Bag Manufacturing, Denward, Valley Northern, Origin Pharma Packaging, Cardinal Bag Company, J M Smith Corporation, Broadway Industries, Wisconsin Converting, Alpha Pack, Green Tech Packaging
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Prescription Pharmacy Bag Market Report Segments:
The global Prescription Pharmacy Bag market is segmented on the basis of:
Types
Paper, Plastic
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
Pharmacies, Hospitals, Clinics, Others
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:
- Novolex
- Big Valley Packaging
- Gilchrist Bag Manufacturing
- Denward
- Valley Northern
- Origin Pharma Packaging
- Cardinal Bag Company
- J M Smith Corporation
- Broadway Industries
- Wisconsin Converting
- Alpha Pack
- Green Tech Packaging
Highlights of The Prescription Pharmacy Bag 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:
- Paper
- Plastic
- By Application:
- Pharmacies
- Hospitals
- Clinics
- Others
- 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 Prescription Pharmacy Bag 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A prescription pharmacy bag is a bag that is specifically designed to store and transport medications. The bag typically includes a compartment for each individual medication, as well as space for other supplies such as syringes and needles.
Some of the major companies in the prescription pharmacy bag market are Novolex, Big Valley Packaging, Gilchrist Bag Manufacturing, Denward, Valley Northern, Origin Pharma Packaging, Cardinal Bag Company, J M Smith Corporation, Broadway Industries, Wisconsin Converting, Alpha Pack, Green Tech Packaging.
The prescription pharmacy bag market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Prescription Pharmacy Bag 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 Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size & Forecast, 2018-2028
4.5.1 Prescription Pharmacy Bag Market Size and Y-o-Y Growth
4.5.2 Prescription Pharmacy Bag Market Absolute $ Opportunity
Chapter 5 Global Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size Forecast by Type
5.2.1 Paper
5.2.2 Plastic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size Forecast by Applications
6.2.1 Pharmacies
6.2.2 Hospitals
6.2.3 Clinics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Prescription Pharmacy Bag 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 Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Analysis and Forecast
9.1 Introduction
9.2 North America Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size Forecast by Type
9.6.1 Paper
9.6.2 Plastic
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 Prescription Pharmacy Bag Market Size Forecast by Applications
9.10.1 Pharmacies
9.10.2 Hospitals
9.10.3 Clinics
9.10.4 Others
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 Prescription Pharmacy Bag Analysis and Forecast
10.1 Introduction
10.2 Europe Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size Forecast by Type
10.6.1 Paper
10.6.2 Plastic
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 Prescription Pharmacy Bag Market Size Forecast by Applications
10.10.1 Pharmacies
10.10.2 Hospitals
10.10.3 Clinics
10.10.4 Others
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 Prescription Pharmacy Bag Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size Forecast by Type
11.6.1 Paper
11.6.2 Plastic
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 Prescription Pharmacy Bag Market Size Forecast by Applications
11.10.1 Pharmacies
11.10.2 Hospitals
11.10.3 Clinics
11.10.4 Others
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 Prescription Pharmacy Bag Analysis and Forecast
12.1 Introduction
12.2 Latin America Prescription Pharmacy Bag 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 Prescription Pharmacy Bag Market Size Forecast by Type
12.6.1 Paper
12.6.2 Plastic
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 Prescription Pharmacy Bag Market Size Forecast by Applications
12.10.1 Pharmacies
12.10.2 Hospitals
12.10.3 Clinics
12.10.4 Others
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) Prescription Pharmacy Bag Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Prescription Pharmacy Bag 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) Prescription Pharmacy Bag Market Size Forecast by Type
13.6.1 Paper
13.6.2 Plastic
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) Prescription Pharmacy Bag Market Size Forecast by Applications
13.10.1 Pharmacies
13.10.2 Hospitals
13.10.3 Clinics
13.10.4 Others
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 Prescription Pharmacy Bag Market: Competitive Dashboard
14.2 Global Prescription Pharmacy Bag Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Novolex
14.3.2 Big Valley Packaging
14.3.3 Gilchrist Bag Manufacturing
14.3.4 Denward
14.3.5 Valley Northern
14.3.6 Origin Pharma Packaging
14.3.7 Cardinal Bag Company
14.3.8 J M Smith Corporation
14.3.9 Broadway Industries
14.3.10 Wisconsin Converting
14.3.11 Alpha Pack
14.3.12 Green Tech Packaging
