According to FutureWise analysis the market for Oral Liquid Packaging in 2023 is US$ 105.66 billion, and is expected to reach US$ 374.33 billion by 2031 at a CAGR of 17.10%.
Oral liquids are one type of dosage forms has taken by orally and gives faster bioavailability and therapeutic results as compared to solid dosage forms. Oral liquids packaging materials include glass, plastic and metal, choosing appropriate packaging material for liquid dosage forms is a bit hard task because packaging material comes in direct contact with drug formulation for an entire period of shelf life and shows a significant effect on the stability of the product. Therefore packaging of oral liquids is an important aspect in the process of formulation development in industry.
Rising demand for packaging to increase the protection of pharmaceutical dosage form led to the robust growth of the global oral liquid packaging market. The packaging material is an integral part of pharmaceutical products and intended to protect the product from the external environment. Oral liquid packaging increases the visibility of the product and improves brand perception among the general population. They also improve aesthetically of the product and have huge application in pharmaceuticals sectors which led to robust growth of the oral liquid packaging market. All these factors led to the potential growth of Oral Liquid Packaging market.
The Asia Pacific and Latin America regions are the most lucrative market space for manufacturers due to a large number of manufacturers of pharmaceuticals. They are expected to witness the highest growth rate in global Oral Liquid Packaging. Rest of the world is expected to account significant share in the global Oral liquid packaging market due to increasing adoption. North America oral liquid packaging market is a major shareholder in the global market due to high adoption among end-user segment. Europe is the second major stakeholder of oral liquid packaging market.