STERILE BOTTLES MARKET ANALYSIS

The Global Sterile Bottles Market is projected to reach around US$ 21.2 Bn by the end of 2030, in terms of revenue, growing at a CAGR of 5.9% during the forecast period (2023-2030).

Global Sterile Bottles Market: Growth Drivers

Rapidly expanding end use Industries-

Growth of the global sterile bottles market is majorly driven by increasing demand for sterile bottles from healthcare management facilities. Healthcare management is driving demand for sterility of equipment/ bottles used in laboratories and sample testing. Packages such as sterile bottles are an integral part of the packaging of many pharmaceutical products, protecting the drug contents from reacting with the elements of the external environment. The use of sterile bottles to enhance drug protection is also likely to drive market growth. Sterile bottles help in maintaining the quality of medical drugs and food & beverages.

The Asia Pacific region is driving the growth of the global market, owing to the high presence of pharmaceutical companies in the region. These companies use various methods for the sterilization of bottles such as high-temperature/ pressure sterilization, chemical sterilization, and radiation sterilization.

Global sterile bottles market is largely impacted by the COVID-19 pandemic and the situation is expected to prevail in the global economy until the virus stops spreading. For instance, in COVID-19, the need for sterile bottles for collecting test samples of diseases such as COVID-19 has led to a substantial upsurge in collaborative activities across the pharmaceutical sector. Laboratories' priorities are shifting, with an emphasis on proper testing of collected samples collected in sterile bottles. 

Global Sterile Bottles Market: Restraints

High cost of manufacturing sterile bottles-

The cost of sterilizing the bottles is relatively high for the sterile bottle companies and it adds to the original cost of the bottles. This is expected to hinder the market growth. Moreover, the production of sterile bottles is an energy-intensive process, which is further expected to hamper the market growth over the forecast period.

Market Opportunity-

The pharmaceutical and biotech industries are increasingly demanding sterile bottles for the packaging and storage of pharmaceuticals and vaccines.

The food and beverage industry is increasingly demanding packaging of expensive perishables such as juices and dairy products.

Instant beverages (RTDs) are growing in popularity among health-conscious consumers due to their convenience and nutritional benefits. This is expected to increase sales of sterile bottles in the near future.

Rapid expansion of retail outlets in developing countries, especially in regions with high economic growth rates such as Asia Pacific, Latin America and Africa. This is likely to create new opportunities for players in the sterile bottles market in the coming years. 

Market Trends-

Increase in infectious diseases such as coronavirus, cold, flu, tuberculosis SARS has increased demand for disposable medical equipment and devices. This Instruments include syringes, needles, bandages, face masks, gloves, applicators, and suction devices. Catheters, test kits, surgical sponges, etc. Since these devices are used only once, Prevents the spread of germs and infections from patient to patient. Packing Materials used in such devices must be highly efficient in maintaining sterility. This The product is considered an effective packaging solution for such devices. please keep Keep disposable medical devices away from moisture and chemicals. this packaging Various size and shape solutions are available depending on your requirements Scope of application. Therefore, increasing demand for disposable medical devices will drive their development market.  

Global Sterile Bottles Market: Recent Developments

In June 2022, Berlin Packaging, a hybrid packaging supplier, announced the acquisition of Verrerie du Comtat, a supplier of glass packaging for the French wine and olive oil end markets.

In December 2021, Berlin Packaging, a hybrid packaging supplier, announced the acquisition of Gerfran SAS, a family-owned supplier of glass packaging specializing in the wine and beverage end markets.

In June 2021, Berlin Packaging, a hybrid packaging supplier, announced the acquisition of Cannasupplies, one of Canada’s suppliers of packaging solutions for the cannabis industry. The acquisition expands Berlin Packaging’s product offerings for cannabis packaging and adds significant value to the Canadian cannabis market.

Global Sterile Bottles Market: Market Segmentation

Figure 1: Global Sterile Bottles Market Share (%) in terms of Value, By Region, in 2022

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North America region dominated the Global Sterile Bottles Market in 2022, accounting for a 44% share in terms of value, followed by Asia Pacific and Europe, respectively.

Figure 2: Global Sterile Bottles Market: By Material

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On the basis of Material in 2022, the Plastic segment has accounted for the largest market share of 83.7% in terms of value

Global Sterile Bottles Market: Key Companies

Key Companies are 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.

Definition: Sterile bottles include single-use plastic or glass bottles. These bottles come in various sizes. Plastic and glass bottles should be washed with hot water or an antibacterial cleaner, but single-use bottles can be discarded. These bottles are used to feed infants, it is also used in pharmaceutical industries.