Global Nasal Spray Packaging Market – Industry Trends and Forecast to 2029

Nasal Spray Packaging Market Analysis and Size

Nasal spray packaging is a small container used to store liquid medicines. The increase in cases of allergic rhinitis, cerebral spinal fluid leaks, chronic sinusitis and infections has increased the demand for nasal spray packaging in the market. Moreover, the rise in pollution and an increase in the cases of infectious disease and allergic rhinitis are some significant factors that boost the growth of the global nasal spray packaging market.

 Data Bridge Market Research analyses that the global nasal spray packaging Market was valued at USD 1445.33 million in 2021 and is expected to reach USD 2827.49 million by 2029, registering a CAGR of 8.75% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Nasal Spray Packaging Market Scope and Segmentation

Market Definition

Nasal spray packaging is used for the production of liquid-filled polymer containers. Nasal spray packaging is an excellent method for the aseptic filling of parental preparation. Nasal sprays are used for relief from runny nose, sneezing, and itchy nose. They are packaged and produced in droplets, ranging from 20-200 microns.

Global Nasal Spray Packaging Market Dynamics

Drivers

• High demand of glass materials

Glass packaging is highly preferred in the pharmaceutical sector because it is easy to sterilize with heat and unreactive with most medicines and drugs. The colored glass packaging can prevent the drug of nasal spray from different wavelengths, including UV rays of the sun. Moreover, glass can be recycled and is easily available across the globe, making it a perfect material for packaging nasal spray.

• Growing pharmaceutical industry

Rapidly growing pharmaceutical industry is driving the growth of the nasal spray packaging market globally. The demand for nasal spray packaging are rising mainly from densely populated countries. The growing demand for nasal spray has increased pharmaceutical production in developing countries, which is expected to increase the market's growth rate.

Furthermore, the change in lifestyle and hectic way of administrating drugs, growing general population and, most importantly the rise in pollution levels are some major factors for the growth of the nasal spray packaging market. 

Opportunities

• High prevalence of allergic rhinitis

The high prevalence of perennial and seasonal allergic rhinitis in children and adults has triggered the demand for vigorous nasal spray formulations and packaging. The rising demand for a fixed-dose combination nasal spray is increasing the revenue opportunities for the companies in the nasal spray packaging market. Also, the serious symptoms of allergic rhinitis such as watery eyes, runny nose, sneezing and nasal itching have fueled the demand for the nasal spray products. Hence, the manufacturers of the nasal spray packaging are taking advantage of this opportunity to increase their production capabilities for product such as bottles and containers.

Restraints/ Challenges

• Fluctuating prices of raw materials

Volatility in the prices of raw packaging materials such as glass and plastic will create hindrances for the growth of the nasal spray packaging market. Increasing prices of innovative packaging solutions will further hinder the market growth rate.

Moreover, increasing stringent rules and policies imposed by the government on the application of plastic and environmental concerns will also hinder the market growth rate.

This nasal spray packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nasal spray packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Nasal Spray Packaging Market

The outbreak of the COVID-19 pandemic has slowed down the pace of innovations in the nasal sprays packaging market. However, the lack of guarantee and new virus strains to remain COVID-19-free after vaccination has increased the potential to produce nasal spray products. The market players have focused on producing new nasal spray packaging that is sterile, safe, and remain contamination-free before the organization. Packaging companies are collaborating with healthcare companies to create powerful and safe antiviral nasal spray formulations which avoid interfering with the container materials. This will drive the growth rate of the pharmaceutical vial market during pandemic.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In August 2020, The Johnson & Johnson Company, Janssen Pharmaceutical Companies declared that the U.S. FDA had approved the SPRAVATO (esketamine) CIII nasal spray.

 Global Nasal Spray Packaging Market Scope

The nasal spray packaging market is segmented on the basis of product type, container design and dosage form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Decongestion Nasal Spray
• Steroid Nasal Spray
• Salt Water Solution/ Saline Nasal Spray
• Others

Container Design

• Pressurized Canisters
• Pump Bottles

Dosage Form

• Unit/Single Dose
• Bi Dose
• Multi Dose

Nasal Spray Packaging Market Regional Analysis/Insights

The nasal spray packaging market is analysed and market size insights and trends are provided by country, product type, container design and dosage form as referenced above.

The countries covered in the nasal spray packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

North America dominates the nasal spray packaging market in terms of market d. This is due to increasing awareness among people for self-care health management and the growth in healthcare infrastructure in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 due to increasing nasal infections and diseases. The government's health initiatives and policies to create awareness for preventive health care and personal hygiene and increasing personal disposable income are some major market growth determinants.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Nasal Spray Packaging Market Share Analysis

The nasal spray packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to nasal spray packaging market.

Some of the major players operating in the nasal spray packaging market are:

• Gerresheimer AG (Germany)
• West Pharmaceutical Services Inc. (U.S.)
• Berry Global Inc (U.S.)
• Bormioli Pharma S.p.A (Italy)
• SGD Pharma (France)
• Amcor plc (Australia)
• AptarGroup, Inc. (U.S.)
• Nolato AB (publ) (Sweden)
• Coster Tecnologie Speciali S.p.A. (Italy)
• Plast Vision (India)
• Comar (South Africa)

SKU-66795