Sterile bottle market analysis

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STERILE BOTTLES MARKET ANALYSIS

• Sterile Bottles Market, By Product Type
  (Aspirator Bottles, Dilution Bottles,
  Dispensing/Dropping Bottles, Sampling/Serum
  Bottles, Solution Bottles, Reagent bottles,
  Others), By Material (Glass, Plastic
  (Polypropylene, Polyethylene, Polystyrene,
  Others)), By Capacity (More than 4,000 mL, 4,000
  mL to 1,000 mL, 1,000 mL to 250 mL, Less than 250
  mL), By End-use Industries (Pharmaceuticals
  Biological, Medical Surgical, Food Beverage,
  Others), and By Region (North America, Latin
  America, Europe, Asia Pacific, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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• Packaging is an integral part of product
  manufacturing, which helps in ensuring product
  safety along with easy transportation of
  products. Sterile packaging, specially the
  sterile bottles, are being extensively used for
  storage and transportation in the pharmaceutical
  and medical industry. The sterile bottles are the
  bottles, which are being treated with certain
  chemicals to ensure that they are free from
  germs. The global sterile bottles market is
  projected to reach around US 16.4 billion by the
  end of 2027, in terms of revenue, exhibiting a
  CAGR of 5.4 during the forecast period
  (2020-2027).
• Drivers
• The growth of the global sterile bottles market
  is majorly driven by increasing demand for
  sterile bottles from the healthcare management
  facilities. The healthcare management is driving
  demand for sterility of equipment/ bottles used
  in laboratories and sample testing. The packages
  such as sterile bottles are an integral part of
  the packaging of numerous pharmaceutical products
  and it helps in protecting the medicinal contents
  from reacting with the elements of external
  environment. The use of sterile bottles for
  increasing the protection of drugs is also
  expected to drive growth of the market. Sterile
  bottles help in maintaining the quality of
  medical drugs and food beverages. The Asia
  Pacific region is driving growth of the global
  market, owing to high presence of pharmaceutical
  manufacturing companies in the region. These
  companies use various methods for sterilization
  of bottles such as high temperature/ pressure
  sterilization, chemical sterilization, and
  radiation sterilization among others. Among
  region, North America held dominant position in
  the global sterile bottles market in 2019,
  accounting for 26.6 share in terms of value.

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Figure 1. Global Sterile Bottles Market Revenue
Share (), By Region, 2018
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• Restraints
• The cost of sterilizing the bottles is relatively
  high for the companies and it adds to the
  original cost of the bottles. This is expected to
  hinder the market growth. Moreover, production of
  sterile bottles is an energy-intensive process,
  which is further expected to hamper the market
  growth over the forecast period.

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• Market Opportunities
• The market is expected to witness significant
  growth opportunities over the forecast period,
  owing to increasing demand for sterile bottles
  from the pharmaceutical industry. The demand for
  sterile bottles from the pharmaceutical industry
  has increased, owing to increasing preference
  towards the use of glass bottles for medicine
  storage. According to the U.S. Food and Drug
  Administration (FDA), glass material is
  recognized as safe. The increasing health
  concerns among people has led to increasing
  adoption of glass sterile bottles, as glass is
  non-reactive and has a good shelf life.
  Therefore, the use of sterile glass bottles by
  the healthcare industry is increasing to keep the
  pharmaceuticals safe for a prolonged period.

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Figure 2. Global Sterile Bottles Market
Opportunity Analysis
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Figure 3. Global Sterile Bottles Market Revenue
Share (), By Material, 2019
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• Sterile Bottles Market - Impact of Coronavirus
  (Covid-19) Pandemic
• The global sterile bottles market is largely
  impacted by COVID-19 pandemic and the situation
  is expected to prevail in the global economy
  until the virus stops spreading. Amid increasing
  number of cases of Covid-19, the need for sterile
  bottles for collecting and the test samples of
  diseases such as Covid-19 has led to substantial
  upsurge in collaborative activities across the
  pharmaceutical sector. The priorities of labs are
  changing, with focus towards appropriate testing
  of collected samples, which are being collected
  in sterile bottles. Therefore, the sterile
  bottles market has a positive impact due to the
  Covid-19 pandemic.
• Competitive Section
• Key players operating in the global sterile
  bottles market include Avantor Fluid Handling
  LLC, Berlin Packaging, CELLTREAT Scientific
  Products, Daigger Scientific Inc., Deltalab,
  Fisher Scientific International, Inc., Foxx Life
  Sciences, Greenwood Products Inc., SciLabware
  Limited, Spectrum Chemical Manufacturing Corp,
  and Wipak Group among others.

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  market-insight/sterile-bottles-market-3967

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