PACKER BOTTLES MARKET ANALYSIS

Packer Bottles MarketSize and Trends

Market Dynamics:-

Packer bottles find applications in packaging of beverages and nutritional supplements due to its sealing property, which prevents oxidation and thereby, increases the shelf life. The global packer bottles market is gaining major traction, owing to growing beverages industry. For instance, according to the World Health Organization (WHO), global annual per capita alcohol consumption was registered at 6.4 liters in 2016, which is expected to increase to 7.0 liters in 2025.

In pharmaceutical industry, packer bottles are used to store solid, liquid, and ophthalmic medicines. Growing pharmaceutical industry is expected to propel growth of the packer bottles market over the forecast period. According to the International Trade Association, global pharmaceutical market was registered at US$ 1 trillion in 2015, which is expected to increase to US$ 1.3 trillion by 2020.

Market Outlook:-

North America is expected to hold dominant position in the packer bottles market over the forecast period, owing to its largest share in the global pharmaceutical and chemical industry. According to the International Trade Administration (ITA), in 2015, North America’s share in global pharmaceutical industry was registered at around 37% and is expected to remain the same in 2020. Asia Pacific region is expected to witness significant growth in the packer bottles market due to rapidly growing food & beverages and pharmaceutical industry. For instance, according to ITA, pharmaceutical market in China was registered at US$ 108 billion in 2015 and is expected to reach US$ 167 billion by 2020.