Overview

Pharmacy and Over-the-Counter (OTC) Cans Market Introduction

The Global Pharmacy and Over-the-Counter (OTC) Cans Market is estimated to register a CAGR of over 5.4 % during the forecast period 2020 to 2027.

A pharmaceutical can is an article which holds or is intended to contain and protect a drug from the external environment. A closure is a part of the container (cans) which prevents physically or chemically interaction of substance which could alter the quality of the drug. Pharmaceutical and OTC drugs have to protect from external factors like moisture, heat, light and gases. For these problems, different types of cans are available a wide range of benefits to deliver the quality of pharmaceutical and OTC drugs to the end user. Nowadays containers like aluminium cans are playing a vital role in pharmacy and OTC fields.

Rising demand of pharmacy and over-the-counter (OTC) pharmaceutical cans to increasing the drug protection has led to robust growth of the global market. Pharmacy and over-the-counter (OTC) Cans improve the stability of drug substance in harsh environmental conditions and prevent drug deterioration. They also improve aesthetically of the product and have huge application in pharmaceuticals sector which led to robust growth of the market. Additionally, rapid advancement of technologies led to the development of fully automated manufacturing processes has improved the production capacity of pharmaceutical cans. All these factors led to the potential growth of the market.

North America pharmacy and over-the-counter (OTC) cans market is a major shareholder in the global market due to high adoption among end-user segment. Europe is the second major stakeholder of the market. The Asia Pacific and Latin America regions created to potential opportunistic space for manufacturers due to a large number of manufacturers of pharmaceuticals. They are expected to witness the highest growth rate in global pharmacy and over-the-counter (OTC) cans. Rest of the world is expected to account significant share in global pharmacy and over-the-counter (OTC) cans market due to increasing adoption.

Pharmacy and over-the-counter (OTC) Cans market players include
Ball Corporation, Tecnocap S.p.A, KIK Custom Products, HBM Holding and others. The market witnessed high capital investments due to increasing utilization of Pharmacy and over-the-counter (OTC) Cans among different manufacturers.

Pharmacy and Over-the-Counter (OTC) Cans Market Segmentation :

By Material

Metal
Plastic

By End User

CDMO
Pharmaceutical Companies

By Region

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players - established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways :

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global pharmacy and over-the-counter (OTC) cans market, by material type, end-user and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and an overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies