IV INFUSION BOTTLE SEALS AND CAPS MARKET ANALYSIS

IV Infusion Bottle Seals and Caps Market, by Product Type (Polypropylene Caps ( Euro Pull Ring Caps, Double Fold Caps, and Foil Caps) and Rubber Seals), by Neck Size (Up to 20 mm, 21 to 28 mm, 29 to 32 mm, and Above 32 mm), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Oct 2020
Code : CMI4238
Pages :162
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Restraints & Challenges:

Rising usage of IV Bags

Rising investments by the private equity firms is expected to drive the market growth over the forecast period

Many equity firms are investing in the packaging industry, which is expected to expand the product offerings in the market. For instance, in August 2020, Creador, a Malaysia-based private equity firm invested US$ 34.1 Mn in the Shriji Polymers (India) Ltd., a manufacturer of high-density poly ethylene bottles, polypropylene caps, and other specialty products. The investment is expected to expand Shriji’s product offerings and global presence, and Creador gained a minority stake in the Shriji Polymers.

However, rising utilization of IV bags is replacing the conventional infusion bottles, which has reduced the demand for infusion bottle and this is further expected to hinder the IV infusion bottle seals & caps market growth over the forecast period.