High Prevalence of Allergic Rhinitis to Present Considerable Growth Opportunities for the North America Nasal Spray Packaging Market, Growth Predicted at ~5.1% CAGR from 2020 to 2030 - TMR
- High prevalence of perennial and seasonal allergic rhinitis has sparked demand for durable nasal spray formulations and packaging in North America.
- The nasal drug demand in North America is predicted to rise significantly in the near future, owing to the high intake of nasal drugs such as steroid and decongestion nasal spray.
ALBANY, N.Y., April 22, 2021 /PRNewswire/ -- Nasal spray sealing solutions are considered OTC (over-the-counter) medical canisters or bottles from which nasal drug spray can be obtained by applying pressure to the tube closure device. Nasal spray tubes are utilized to offer stand-in medication items both systematically and locally, and they are widely distributed in single-dose as well as multi-dose forms in the market. As a result, nasal spray packaging has become very common in many parts of the world, which is likely to support growth of the North America nasal spray packaging market in the near future.
The Phase II trial evidence for a self-administered nitric oxide-based nasal spray developed by Vancouver-based biotech company SaNOtize for potentially lowering COVID-19 viral load in infected patients is being bolstered. Manufacturers in the nasal spray packaging industry in North America are benefiting from these developments.
The North American nasal spray packaging market is predicted to rise at a rate of ~5.1% CAGR over the analysis timeline, from 2020 to 2030. However, some ingredients in nasal spray formulations, such as metals in pump bottles and pressurised canisters, are prone to reactivity in their raw state. In order to prevent reactivity in the raw condition of nasal spray formulations, manufacturers make use of aluminium coated with vinyl, epoxide, or phenolic resins. Tin is becoming more common due to its resistance to chemical interventions. However, as opposed to zinc, copper, and aluminium, it is one of the most costly metals.
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Key Findings of Market Report
- High Prevalence of Allergic Rhinitis to Spur Demand in the Market
In Canada and the US, the high prevalence of seasonal as well as perennial allergic rhinitis in children and adults has intensified demand for durable nasal spray packaging and formulations. Businesses in the North American nasal spray packaging market are seeing increased sales prospects as demand for fixed-dose combination nasal sprays grows. Allergic rhinitis signs such as nasal itching, watery eyes, sneezing, and runny nose have increased demand for nasal sprays.